Cyware Weekly Threat Intelligence - May 23–27

Weekly Threat Briefing • May 27, 2022
Weekly Threat Briefing • May 27, 2022
Collective defense strategies are the need of the hour as countries continue to deal with a wide range of cyberattacks. Taking an initiative along these lines, leaders from the U.S., India, Japan, and Australia have announced the new Quad Cybersecurity Partnership program that focuses on fortifying software, supply chain management, and user data. In parallel, the U.S. has also set up a Joint Ransomware Task Force to tackle illegal cryptocurrency activities related to ransomware.
Credential stuffing attacks remained the top highlight of this week as General Motors and Zola reported the repercussions of such attacks. As a result, threat actors were able to access users' accounts and redeem gift card points. The education sector has also been asked to be on alert as reports from the FBI suggest that cybercriminals have put over 30,000 email account credentials—stolen from different colleges and universities—for sale on various dark web forums. The agency noted that these credentials can open doors for spear-phishing attacks, ransomware attacks, or other types of intrusions in the future.
Coming to new threats, a newly found Cheerscrypt malware joined the league of ransomware families targeting virtual machines. Similar to other ransomware, it employs the double extortion scheme to coerce its victims into paying the ransom. The relatively new Nokoyawa ransomware has also been improved with new features to target Windows users. Meanwhile, the ERMAC Android banking trojan has expanded its capabilities in version 2.0, enabling its operators to steal account credentials and crypto wallets from over 400 applications.