The Cyberwire Daily Briefing

"Law enforcement disrupts criminal cryptocurrency laundering networks."

Views expressed in this cybersecurity, cyber crime update are those of the reporters and correspondents.  Accessed on 29 September 2024, 1427 UTC.

Content and Source:   https://thecyberwire.com/newsletters/daily-briefing/13/186

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Russ Roberts (https://www.hawaiicybersecurityjournal.net).

V13 | Issue 186 | 9.27.24

Daily Briefing for 09.27.24

Summary
By the CyberWire staff

At a glance.

  • Law enforcement disrupts criminal cryptocurrency laundering networks.
  • Newly disclosed Linux RCE flaws are serious, but overhyped.
  • EU fines Meta $102 million over password security lapse.

Law enforcement disrupts criminal cryptocurrency laundering networks.

The US Justice Department, assisted by police in the Netherlands, Latvia, Germany, and the UK, yesterday seized three web domains associated with cryptocurrency exchanges allegedly used by Russian cybercriminals for money laundering, the Record reports. The US Treasury Department has sanctioned the cryptocurrency exchange Cryptex and Russian national Sergey Sergeevich Ivanov, who is allegedly involved with the virtual currency exchange PM2BTC and the payment processor UAPS. Law enforcement seized websites and infrastructure used by PM2BTC, UAPS, and Cryptex, and the US State Department is offering up to $10 million for information leading to Ivanov's arrest.

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Newly disclosed Linux RCE flaws are serious, but overhyped.

A security researcher has disclosed a set of vulnerabilities affecting Linux systems that could lead to remote code execution. SecurityWeek notes that the flaws are less impactful than many people in the cybersecurity industry had anticipated. The flaws affect the Unix printing system CUPS and require user interaction during a print job for exploitation. Users who employ Unix-based systems for printing should apply mitigations until patches are available.

The group of vulnerabilities was originally assigned a critical CVSS score of 9.9, but has since been revised to a "high" severity rating. The researcher who discovered the flaws stated, "I think that the initial 9.9 was mostly due to the fact that the RCE is trivial to exploit and the package presence so widespread. Impact wise I wouldn’t classify it as a 9.9."

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EU fines Meta $102 million over password security lapse.

The Irish Data Protection Commission (DPC) has fined Meta €91 million ($102 million) under GDPR for storing hundreds of millions of Facebook passwords in plaintext, TechCrunch reports. DPC deputy commissioner Graham Doyle said in a statement, "It is widely accepted that user passwords should not be stored in plaintext, considering the risks of abuse that arise from persons accessing such data. It must be borne in mind, that the passwords the subject of consideration in this case, are particularly sensitive, as they would enable access to users’ social media accounts."

A Meta spokesperson told TechCrunch, "As part of a security review in 2019, we found that a subset of FB users’ passwords were temporarily logged in a readable format within our internal data systems. We took immediate action to fix this error, and there is no evidence that these passwords were abused or accessed improperly. We proactively flagged this issue to our lead regulator, the Irish Data Protection Commission, and have engaged constructively with them throughout this inquiry."

[On Demand Podcast] Cloud Security in the Age of Generative AI

Listen to the recent discussion between N2K CyberWire’s Dave Bittner and Sysdig’s Loris Degioanni on how generative AI (GenAI) and Large Language Models (LLMs) are changing the cloud security landscape. We explored how to secure your AI deployments to safeguard sensitive information and went into the state-of-the-art for employing AI to boost the effectiveness of your cloud security teams in the face of evolving threats. Watch or listen to the discussion now.

Notes.

Today's issue includes events affecting the European Union, Germany, Ireland, Latvia, the Netherlands, Russia, the United Kingdom, and the United States.

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Selected Reading

Attacks, Threats, and Vulnerabilities

Hackers attack Delaware libraries, seek ransom. Here's what we know (Delaware Online) The Delaware Division of Libraries is trying to figure out how to quickly turn the page from an ongoing cyberattack that struck libraries across the state, beginning Friday, Sept. 20.

Progress urges admins to patch critical WhatsUp Gold bugs ASAP (BleepingComputer) Progress Software warned customers to patch multiple critical and high-severity vulnerabilities in its WhatsUp Gold network monitoring tool as soon as possible.

Marketplace

Tails OS joins forces with Tor Project in merger (Ars Technica) The organizations have worked closely together over the years.

Exclusive: Security compliance unicorn Drata lays off 9% of its workforce (TechCrunch) Drata, a security compliance automation platform that helps companies adhere to frameworks such as SOC 2 and GDPR, has laid off 9% of its

Legislation, Policy, and Regulation

Senate bill pushes cyber mandates for medical industry in wake of Change Healthcare debacle (The Record) Hospitals and other healthcare businesses would be required to adopt minimum cybersecurity standards and face annual audits under new legislation introduced by two prominent senators.

Litigation, Investigation, and Law Enforcement

Criminal charges coming in alleged Iranian hack of Trump campaign emails: Sources (ABC News) Law enforcement officials plan to announce criminal charges Friday in connection with the alleged Iranian hack of emails from Donald Trump's campaign, source say.

Meta fined $101 million for storing hundreds of millions of passwords in plaintext (The Record) European regulators fined Meta for an engineering mistake that the social media giant first reported in 2019.

Industry Events

For a complete running list of events, please visit the Event Tracker.

Newly Noted Events

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