The Latest in IT Security

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Southern Oregon University recently fell victim to email fraud, resulting in $1.9 million being transferred to an attacker-controlled bank account. Fraudsters posing as the Andersen Construction company building a university pavilion and recreation center instructed SOU to transfer the money to an account not controlled by the contractor.

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Cybercrime and state-sponsored advanced attacks continue to cling to email as a primary distribution vehicle for first-stage malware. Phishing campaigns thrive in targeted attacks, and criminals have even resuscitated old-school macro malware in attachments to gain that initial foothold on a victim’s computer.

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A recent vulnerability found in the open-source ImageMagick library used by Yahoo! to process images could have allowed attackers to view image email attachments. After being reported by security researcher Chris Evans, Yahoo! retired the library and rewarded Evans a $14,000 bounty.

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Digital signature service DocuSign said Monday that an unnamed third-party had got access to email addresses of its users after hacking into its systems.
The hackers gained temporary access to a peripheral sub-system for communicating service-related announcements to users through email, the company said.

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MONDAY, AUGUST 21, 2017

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