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BlackRock! A New Banking Trojan Debuts

Trojans, RAT, remote access trojan, Snip3 Crypter-as-a-Service

Security researchers from ThreatFabric discovered a new banking Trojan “BlackRock,” which is targeting Android banking apps and also stealing  login credentials from social networking sites, dating and cryptocurrency, and non-banking apps.

It is found that the malware targeted over 337 non-financial Android applications till now. The BlackRock malware is derived from the leaked code of the “Xerxes” banking malware, which is also a strain of the “LokiBot” Android banking Trojan that was active from 2016 to 2017.

Image Source: ThreatFabric

Most of the targeted banking apps are related to banks and financial institutions operating in Europe, Australia, the U.S., and Canada. In addition to financial apps, threat actors also targeted shopping, communication, and business apps related to German online car selling services, Polish online shopping sites, and email service providers.

How BlackRock Attacks

Once the malware installs on the device, it hides its icon from the app drawer and accesses the victim’s accessibility service privileges. The BlackRock then grants itself additional permissions to function without the victim’s knowledge. The malware receives commands from the C2 or C&C server and launches overlay attacks to steal login credentials.

Image Source: ThreatFabric

BlackRock Features

The researchers stated that BlackRock poses a variety of features, allowing it to remain in stealth mode and steal personal information from the victim’s device. The Trojan can perform:

  • Overlaying: Dynamic (Local injects obtained from C2)
  • Keylogging
  • SMS harvesting: SMS listing
  • SMS harvesting: SMS forwarding
  • Device info collection
  • SMS: Sending
  • Remote actions: Screen-locking
  • Self-protection: Hiding the App icon
  • Self-protection: Preventing removal
  • Notifications collection
  • Grant permissions
  • AV detection

“BlackRock offers a quite common set of capabilities compared to average Android banking Trojans. It can perform the infamous overlay attacks, send, spam and steal SMS messages, lock the victim in the launcher activity (HOME screen of the device), steal and hide notifications, deflect usage of antivirus software on the device and act as a keylogger. Interestingly, the Xerxes Trojan itself offers more features, but it seems that actors have removed some of them in order to only keep those that they consider useful to steal personal information,” the researchers said.

 

Navigating Cybersecurity in the New Normal

Zero Trust, cybersecurity

The worldwide COVID-19 pandemic has forced governments, organizations, and individuals to step up their capacities and make significant changes in how they work and live. And with that, the threat landscape has also evolved completely as cybercriminals continue to come up with newer techniques to exploit the global crisis in their social engineering strategies and attack people. Remote working, as well as distance learning have become a norm resulting in people spending more time online, which also opens doors to security risks.

By Dr. Moataz Binali, Vice President for Middle East & North Africa, Trend Micro

Cybercrime Outlook

During Q1 2020, Trend Micro discovered and blocked over 9,773 COVID-19 related cyber-attacks, in the Gulf region alone. These include 8,984 email spam attacks, the 4th-highest in Asia; 772 URL attacks, the 6th-highest in Asia; and 17 malware threats detected. Moreover, globally, our researchers observed a 220x spike in spam, and a 260% increase in malicious URL hits. .

It is also worth stating that Security Predictions for 2020 released last year, flagged that home offices and other remote-working setups will redefine supply chain attacks. Hence, decision makers will have to be wary of risks introduced by work-from-home arrangements and internet connected home devices that blur the lines in enterprise security. These increasingly sophisticated attacks will extend business email and process compromise well past simple redirection of funds or malware infection. Thus, the employee’s home environment can become a launch point for supply chain attacks.  

As such, it is important that all those in a cybersecurity role must consider how they are going to protect a significantly more vulnerable ecosystem and overhaul their postures.

Where do we go from here?

So, remote workers are vulnerable for two reasons – their unprotected machines and the fact that the region is a high-value target for attackers. To properly protect a remote-working setup, security professionals must look at a multi-layered approach that covers emails, networks, endpoints, servers, and cloud workloads. Collect enough information on those elements and feed it to AI-powered platforms, and one gets a highly accurate real-time view of the entire IT ecosystem. This allows better decisions and responses, less downtime, and safer environments.

Trend Micro has long taken an extended detection and response approach, known as XDR. By expanding the detection-and-response function to cover emails, networks, endpoints, servers, and cloud workloads, we can put advanced artificial intelligence to work in trawling that entire ecosystem looking for data points that correlate to those within Trend Micro’s global threat-intelligence data-pool. Such an approach delivers higher-fidelity alerts with fewer false positives, leading to better, earlier detection.

With Trend Micro’s XDR platform, security professionals are also presented with a single dashboard that allows easy, one-click drilldown into the most relevant events, with graphically clear representations of attack timelines and all related events. And with such visibility, they can get to the crux of an issue quickly, with minimal manual effort, determining its root cause and its impact on their organization. Capabilities such as these lead to wiser, more timely actions in real time and adjustments to strategy for the long-term benefit of the entire enterprise.

Unparalleled Security for Unprecedented Times

These times are challenging – during which governments and organizations in the region are doing their best to tackle challenges across every facet of work and life. Indeed, cybersecurity is a growing concern as more sophisticated attacks surface each day. If managed properly, we can still thrive enough so that we do not compound one crisis with another. And a sound cybersecurity strategy plays a vital role in that story.

To that end, our innovations have been built from the ground up to empower organizations to protect their journey from the endpoint – to the cloud. For example, our XGen security, which powers all of Trend Micro’s solutions – is a unique blend of cross-generational threat defense techniques that is continually evolving and optimized for each layer of security – user environments, networks and hybrid clouds – to best protect against the full range of known and unknown threats.

About the Author

Dr. Moataz Bin AliAs Vice President for Trend Micro Middle East and North Africa (MENA), Dr. Moataz Binali is responsible for spearheading the company’s strategy across the region, and advancing its position as a leader in cybersecurity that is passionate to make the world safe for exchanging digital information. A significant part of Dr. Binali’s role is to oversee Trend Micro’s efforts in enhancing the cybersecurity posture amongst governments and enterprises, contributing to the digital economy of MENA. Prior to joining Trend Micro, he held pivotal roles on regional level in global technology organizations such as SAP, IBM, and Microsoft.

Disclaimer

CISO MAG did not evaluate/test the products mentioned in this article, nor does it endorse any of the claims made by the writer. The facts, opinions, and language in the article do not reflect the views of CISO MAG and CISO MAG does not assume any responsibility or liability for the same. CISO MAG does not guarantee the satisfactory performance of the products mentioned in this article.

 

U.S. Tops in the ‘Significant Cyberattacks’ List; U.K. and India Follow Suit

Over 126 Mn People are Victims of Cybercrime Across U.S. and U.K.

A report from Specops Software stated that the U.S., the U.K., India, and Germany have suffered significant cyberattacks over the past 14 years. Specops defined “significant cyberattacks” as attacks targeted at a country’s government agencies, defense units, high-tech organizations — or economic crimes with losses more than a million dollars.

The report, which analyzed data from the Center for Strategic and International Studies (CSIS), found that the U.S. has experienced the most significant cyberattacks, totaling 156 attacks reported between May 2006 and June 2020. The U.K. ranked second-highest,  with 47 significant attacks reported during the same period. India ranked third, with 23 large scale attacks followed by Germany with 21 attacks. Next on the list was South Korea (18 attacks), Australia and Ukraine (both 16 attacks).  Whereas, the countries least exposed to cyberattacks were Vietnam, Turkey, and North Korea.

Image Source: Specops Software

According to the research, the majority of the attack techniques used by cybercriminals to launch significant cyberattacks were: Distributed Denial of Service Attack (DDoS), SQL Injection attack, man-in-the-middle (MitM) attacks, and phishing attacks.

Most Vulnerable Countries

A similar survey, “Cybersecurity Exposure Index (CEI) 2020,” by password security resource PasswordManagers.co  analyzed and ranked 108 countries based on their exposure to Trojans, malware, and phishing attacks. It also revealed the level of cybersecurity commitment across Europe, America, Asia-Pacific, and Africa.

According to the survey report, Finland is the least exposed country to cybercrimes, followed by Denmark, Luxembourg, Australia, and Estonia. Afghanistan topped the list as the most exposed country to cyberattacks, followed by Myanmar, Ethiopia, Palestine, and Venezuela. The survey measured the cybersecurity exposure score of each country from 0-1 (low-high exposure). It is found that Europe has the lowest exposure score (0.329), followed by North America (0.462). Nearly, 70.73% of European countries are classified in the low and very low exposure groups.

 

Media Industry Becomes a Common Ground for Credential Stuffing Attacks

Media Industry

A survey from Akamai Technologies found that credential stuffing attacks on the media industry have increased in the last two years. According to the survey report “Akamai 2020 State of the Internet / Credential Stuffing in the Media Industry,” 20% of the 88 billion total credential stuffing attacks were reported on media and video streaming companies, with 17 billion attacks reported between January 2018 and December 2019. The report also found a 63% year-over-year increase in attacks against the media sector, followed by broadcast TV (630%) and video sites (208%).

A Common Ground for Cybercriminals

A staggering 7,000% increase was reported in credential stuffing attacks on published content such as newspapers, books, and magazines. India was the most targeted country in 2019, with 2.4 billion credential stuffing attacks followed by the U.S. with 1.4 billion attacks, and the U.K. with 124 million. The U.S. was the primary source of credential stuffing attacks against media companies with 1.1 billion in 2019, an increase of 162% over 2018. France and Russia stood second and third with 393 million and 243 million attacks, respectively.

There was a major rise in malicious login attempts against European video service providers and broadcasters in Q1 2020. The number of cybercriminals sharing free access to newspaper accounts also increased during the same period.

Steve Ragan, security researcher at Akamai, said, “We’ve observed a trend in which hackers are combining credentials from a media account with access to stolen rewards points from local restaurants, and marketing the nefarious offering as date night packages. Once the criminals get a hold of the geographic location information in the compromised accounts, they can match them up to be sold as dinner and a movie.”

“As long as we have usernames and passwords, we’re going to have criminals trying to compromise them and exploit valuable information. Password sharing and recycling are easily the two largest contributing factors in credential stuffing attacks. While educating consumers on good credential hygiene is critical to combating these attacks, it’s up to businesses to deploy stronger authentication methods and identify the right mix of technology, policies, and expertise that can help protect customers without adversely impacting the user experience,” Ragan added.

 

Bitcoin Scammers Hack Twitter Accounts of Jeff Bezos, Bill Gates, Apple, and Many More

PM Modi Twitter

In a lethal strike to Twitter, Bitcoin scammers successfully hacked official accounts of many known personalities and brands to scam people into believing their money was soon going to be doubled. As many as 300+ transactions were recorded in the public ledger of bitcoin with the address mentioned in the Tweets. This consisted of a total transfer of 12 BTC that accounted for more than $100,000 (1 BTC valued at $9,200, as of July 15, 2020).

Such online scams are commonly observed on a daily basis, however, the extent of the number of accounts hacked and simultaneously used for scamming people has not been seen earlier. The list of individuals and brands whose official Twitter accounts were hacked include:

  • Jeff Bezos (Amazon CEO)
  • Bill Gates (Microsoft Co-Founder)
  • Elon Musk (Tesla and SpaceX CEO)
  • Warren Buffet (Berkshire Hathaway CEO)
  • Barack Obama (The Former U.S. President)
  • Michael Bloomberg (The Former New York Mayor)
  • Joe Biden (presumptive Democratic nominee for President)
  • Benjamin Netanyahu (Israeli Prime Minister)
  • Kanye West (Rapper) and wife Kim Kardashian (T.V. Celebrity)
  • Wiz Khalifa (Rapper)
  • Apple (Corporate Account)
  • Uber (Corporate Account) and many more.

Twitter Tweets…

Twitter was quick to follow-up on the incident and tweeted that they were “aware of a security incident impacting accounts on Twitter” and were taking steps to fix it.

As a temporary measure, Twitter had locked and suspended all operations of the affected accounts to investigate the cause and extent of the breach. It wanted to make sure whether any additional user information was compromised and if any backdoors were created for future account takeovers. It has also reported that significant steps were taken to keep internal systems and tools running with restricted access as the investigation is still on-going.

“In separate but probably related attacks, several notable Twitter accounts in the cryptocurrency space were also hacked in a mass coordinated attack.”

– Satnam Narang, Staff Research Engineer at Tenable

Satnam Narang, a Staff Research Engineer at Tenable, said that this was probably much bigger than its seen. He revealed that “In separate but probably related attacks, several notable Twitter accounts in the cryptocurrency space were also hacked in a mass coordinated attack. These included crypto exchanges like Coinbase, Binance, Gemini, KuCoin, Bitfinex, CEOs and founders like CZ_Binance, JustinSunTron, SatoshiLite, cryptocurrency accounts like TronFoundation, to promote a similar COVID-19 cryptocurrency giveaway scam.”

He further advised, “Users should never participate in so-called giveaways or opportunities that claim to double your cryptocurrency because they’re almost always guaranteed to be a scam.”

To stay updated on the ongoing investigation follow the Twitter Support account.

Cybercriminals Exploit Home Routers for Botnets: Research

Home Routers for botnets

Cybersecurity solutions provider Trend Micro warned users about a new wave of attacks targeting home routers. In its research report “Worm War: The Botnet Battle for IoT Territory,” Trend Micro revealed that cybercriminals are using home routers to build botnets. The research found a surge in cyberattacks by exploiting routers, particularly in Q4 2019. Attackers made brute force log-in attempts against routers by using automated software to try common password combinations. The number of attacks increased from around 23 million in September to nearly 249 million attacks in December 2019. In March 2020, around 194 million brute force login attacks were reported.

The research stated that attackers used three types of botnet malware variants namely “Kaiten,” “Qbot,” and “Mirai”. Using these three bot source codebases, the attackers created other botnet malware variants to compromise routers and other IoT devices. The compromised routers’ details are sold on hacking forums or used to launch cyberattacks like Distributed Denial of Service (DDoS) attacks, click fraud, data theft, or account takeover.

Image Source: Trend Micro

“Kaiten, Qbot, and Mirai demonstrate the capabilities that allow botnet malware to compete for dominance over connected devices. To grow a botnet and maintain its size, botnet malware families and variants need to be able to infect as many devices as possible while defeating other usurpers. Botnet malware can search for vulnerable devices and use well-known tactics such as brute force to take control of a device,” the report said.

“With a large majority of the population currently reliant on home networks for their work and studies, what’s happening to your router has never been more important. Cybercriminals know that a vast majority of home routers are insecure with default credentials and have ramped up attacks on a massive scale. For the home user, that is hijacking their bandwidth and slowing down their network. For the businesses being targeted by secondary attacks, these botnets can totally take down a website, as we have seen in past high-profile attacks,” said Jon Clay, director of global threat communications for Trend Micro.

Mitigation Measures

Trend Micro also recommended certain security measures to home router users, these include:

  • Manage vulnerabilities and apply patches as soon as possible. Vulnerabilities are the main way malware infects devices. Applying patches as soon as they are released can limit the chances for potential exploits
  • Apply secure configuration. Users must ensure that they are using the most secure configuration for their devices to narrow openings for compromise
  • Use strong, hard-to-guess passwords. Botnet malware takes advantage of weak and common passwords to take over devices. Users can circumvent this tactic by changing default passwords and using strong passwords

 

Know Thy Enemy: Why Company-Centric Threat Intelligence is a Critical Element of Cybersecurity

threat intelligence

Today’s defenders can have reams of information and log data available to them, with databases chronicling known threats and attack patterns. Unfortunately, the information available in these databases is most effective against documented threats or those with extremely well-established baselines. If an attacker does something different — especially when targeting a specific company, segment, or vertical—the information in these databases is often no longer sufficient or reliable.

By Carolyn Crandall, Chief Deception Officer and CMO at Attivo Networks

The sheer volume of available attack data can also be daunting, and while some may believe that more data is better, the truth is that concise and more precise information is what is really needed. Swiftly gathering and correlating company-centric threat intelligence has become an increasingly important aspect of cybersecurity and can make the difference between a small infection, outbreak, or breach.

Putting Defenders in a Position to Gather Better Intelligence

When it comes to collecting highly specific adversary intelligence, deception technology has proven to be a pivotal asset to companies seeking to stop, eradicate, and prevent the successful return of attackers. Whereas most security tools are designed simply to deflect an attack, deception technology redirects them to decoys where attackers believe they are still attacking a production system or advancing their attack with stolen credentials or other bait. Defenders can then observe the attacker’s movement through the deception environment, gathering information on their tactics, tools, and strategies. Using decoy documents for counterintelligence purposes can result in gaining knowledge of what an attacker is targeting. This enhanced visibility provides the security teams with unique insight into the attacker’s intent and approach, specific to the network they are attempting to infiltrate, accelerating investigations and analysis and ultimately decreasing the organization’s risk of future compromise and data loss.

Look at it this way: if you simply deflect the attack, you’ll never learn anything about how it behaves or how to stop it truly. If attackers encounter security tools designed only to remove them from the network, they can (and likely will) simply come back — and with each subsequent attempt, they will gain new intelligence on their target. Attackers can be very patient, gathering information over a long period as they acquire a fuller picture of the network and learn to circumvent its defenses. Tools like deception technology flip the script, alerting defenders to the presence of an attacker while enabling them to gather adversary intelligence, rather than the other way around.

Combining the General and the Specific to Visualize the Complete Threat Landscape

Gathering adversary intelligence is a central activity in everything from sports to law enforcement. Most companies seek to gain intelligence information by subscribing to threat intelligence feeds, which pull data from threat intelligence vendors who share it with subscribers. Typically, software patches will have already incorporated this information. It is often not specific enough, and attempts to pattern match can result in a flood of threat information that can be difficult to sift through. In contrast, the information provided by deception technology offers live insight into what is actually happening inside a company’s network. With cyber deception, businesses receive up-to-date, relevant indicators of compromise (IoCs) as well as the adversary’s tactics, techniques, and procedures (TTPs). With this information, they can defend against current and future attacks quickly and with a high degree of accuracy.

This level of specificity augments the more general public threat databases, to which the organization can append its self-generated adversary intelligence. Organizations capable of this level of intelligence gathering can create precise attack profiles unique to a given attacker, resulting in extensive information that provides insight into attack methods and prevention options. Concise, accurate, and highly specific information allow organizations to determine more quickly what actions they need to take. It can also automatically feed into other systems, which can save on both the time and resources required for incident response and refined threat hunting.

Valuable Adversary Intelligence Can Emerge Even in Simulations

Cyber deception can provide insights into security exposures during security risk assessments and in prep for compliance audits. With Red Teams acting as proxies for attackers and Blue Teams using deception, they can log their movements as in a real attack, tracking their path through the network and identifying potential vulnerabilities. These exercises can also demonstrate the network’s resiliency and confirm that things are working as they should. Deception holds an impressive track record of cases where Red Teams believed they had fully compromised a network’s Active Directory or other assets, only to learn after the exercise was over that they were in a deception environment the entire time.

Armed with company-specific attack data, defenders can quickly assemble actionable response plans. Additionally, by using deception technology’s unique ability to collect in-depth information about attack patterns and escalation they can build a powerful active defense, fortify defenses, and identify and stop attacks early in the attack lifecycle.

Putting That Adversary Intelligence to Use

Gaining more specific insight into how an adversary attacks within their particular network arms defenders with the information they need to protect themselves more effectively and gain insights across a wide variety of attack vectors and surfaces. By placing added focus on internal visibility — which, by design, prevention controls lack — defenders can better identify the specific tactics that attackers are deploying against their network and gather valuable information on the attacker’s entry point, IoCs, and potential targets.

Although removing the attacker from the network is pivotal to security, savvy companies are adding depth to their security programs by gathering adversary intelligence. Such information provides them with not only a safety net for detecting in-network attackers, but also the critical insights needed to understand what controls attackers bypassed and how. No cybersecurity technology is a silver bullet — comprehensive security requires layers of defense with multiple solutions working together — however deception’s ability to make life harder for attackers makes it a unique and indispensable tool for defenders.

About the Author

Carolyn CrandallCarolyn Crandall holds the roles of Chief Deception Officer and CMO at Attivo Networks. She is a high-impact technology executive with over 30 years of experience in building new markets and successful enterprise infrastructure companies. She has held leadership positions at Cisco, Juniper Networks, Nimble Storage, Riverbed, and Seagate. Crandall has received many industry recognitions including Top 25 Women in Cybersecurity 2019 by Cyber Defense Magazine, Reboot Leadership Honoree (CIO/C-Suite) 2018 by SC Media, Marketing Hall of Femme Honoree 2018 by DMN, Business Woman of the Year 2018 by CEO Today Magazine, Cyber Security Marketer of the Year 2020 by CyberDojo (RSA), and for 9 years a Power Woman by Everything Channel (CRN).

Disclaimer

CISO MAG did not evaluate/test the products mentioned in this article, nor does it endorse any of the claims made by the writer. The facts, opinions, and language in the article do not reflect the views of CISO MAG and CISO MAG does not assume any responsibility or liability for the same. CISO MAG does not guarantee the satisfactory performance of the products mentioned in this article.

Hackers Target Office 365 Users with SurveyMonkey Phishing Campaign

Hackers Target Office 365 Users with SurveyMonkey Phishing Campaign

Security researchers from Abnormal Security discovered a new phishing campaign targeting Microsoft Office 365 users via a legitimate SurveyMonkey domain to evade security filters.  The hackers sent a lookalike SurveyMonkey domain link to Office 365 users prompting them to participate in a survey.  On clicking, it redirected them to a phishing site that asked users to enter email login credentials and other sensitive information. The malicious survey links targeted almost 15,000 to 50,000 Office 365 users.

“Within the body of the email is a hidden redirect link appearing as the text Navigate to access statement, with a brief message, “Please do not forward this email as its survey link is unique to you.” But clicking on the link redirects to a site hosted on a Microsoft form submission page. This form asks the user to enter their Office 365 email and password. If the user is not vigilant and provides their credentials, the user account would be compromised,” the researchers said.

Effective Phishing

The researchers stated that the malicious URL is not visible within the email body text, making it difficult for users to identify. The first URL redirects to a legitimate SurveyMonkey link and then lands to a phishing site.

“As these emails originated from the legitimate SurveyMonkey email address, and the body of the email contains a link to the real survey monkey domain, one would easily believe the email to be benign. However, it is not until the second redirect where the user is led to a phishing page that the attacker controls,” researchers added.

Growing Attacks on MS Office 365

Multiple cyberattacks have been reported on MS Office 365 tools earlier. Another research claimed that hackers used a fake Office 365 website to trick users into downloading the TrickBot password-stealing Trojan masked as Chrome and Firefox browser updates. The security team explained that the fake site gives a pop-up stating that the user’s browser needs an update. When the user clicks on the update option, an executable file, named upd365_58v01.exe, gets downloaded and installs the TrickBot information-stealing Trojan to exploit the system.

 

99% of Websites Are Prone to Cyberattacks Via JavaScript Plug-Ins: Report

99% of Websites Are Prone to Cyberattacks Via JavaScript Plug-Ins: Report

A survey from the web application security provider Tala Security revealed that cybercriminals are exploiting security vulnerabilities in websites to launch client-side attacks like Magecart, cross-site scripting, form-jacking, and credit card skimming. The survey “Global Data at Risk – 2020 State of the Web Report” stated these attacks exploit vulnerable JavaScript integrations that run on 99% of popular websites globally. Only 1.1% of websites were found to have adequate security measures in place, which is a 11% decline from 2019.

After analyzing the security posture of the Alexa top 1000 websites, the survey revealed that website data risk is on the surge, but most of the website owners fail to deploy necessary security precautions to defend against client-side attacks.

“Without controls, every piece of code running on websites – from every vendor included in the site owner’s website supply chain – can modify, steal or leak information via client-side attacks enabled by JavaScript. In many cases, this data leakage is taking place via whitelisted, legitimate applications, without the website owner’s knowledge,” the survey stated.

Other key findings include:

  • The average website includes content from 32 third-party JavaScript vendors, up slightly from 2019
  • 58% of the content that displays on customer browsers is delivered by third-party JavaScript integrations identified above. This website supply chain leverages client-side connections that operate outside the span of effective control in 98% of sampled websites. The client-side is a primary attack vector for website attacks today
  • Despite increasing numbers of high-profile breaches, forms found on 92% of websites expose data to an average of 17 domains. This is PII, credentials, card transactions, and medical records. While most users would reasonably expect this data to be accessible to the website owner’s servers and perhaps a payment clearing house, Tala’s analysis shows that this data is exposed to nearly 10X more domains than intended. Nearly one-third of websites studied expose data to more than 20 domains
  • While other client-side attacks such as Magecart capture most of the headlines, no attack is more widespread than Cross-Site Scripting (XSS). This study found that 97% of websites are using dangerous JavaScript functions that could serve as injection points to initiate a DOM XSS attacks
  • Over 99% of websites are at risk from trusted, whitelisted domains like Google Analytics. These can be leveraged to exfiltrate data, underscoring the need for continuous PII leakage monitoring and prevention. This has significant implications for data privacy, and by extension, GDPR and CCPA
  • 30% of the websites analyzed had implemented security policies – an encouraging 10% increase over 2019

Aanand Krishnan, Founder and CEO of Tala Security, said, “Websites generate massive volumes of high-value data, making them a primary target for attackers. The fundamental issue with the way today’s websites is that user data is greatly exposed to third-party applications and services and that data leakage is occurring even from trusted third-party resources. It’s imperative that organizations keep security top-of-mind and pay much closer attention to what has become a pervasive attack vector.”

 

South Korea Penalizes TikTok for Mishandling Child Data

TikTok Security Vulnerabilities Could Expose User Data, tiktok, tiktok child data mishandling

Following in the footsteps of the U.S. and India, South Korea now seems to have tightened its grip around the China-based social media company, TikTok. South Korean telecommunication watchdog, Korea Communications Commission (KCC), found TikTok guilty of mishandling child data in the country and thus imposed a 186 million won (i.e. approximately US$155,000) fine. The KCC’s investigation that originally began to investigate secret extraction of user data by the Chinese government through this app led them to these findings.

Things We Know…

  • The Korea Communications Commission (KCC) began the investigation in October 2019 to originally investigate the claims of TikTok’s data being extracted by the Chinese government.
  • As per the findings of KCC, TikTok illegally collected a minimum of 6,007 pieces of child data between May 31, 2017, and December 6, 2019, of users younger than 14 years.
  • Additionally, the investigation revealed that TikTok uses four cloud service providers, Alibaba Cloud, Fastly, Edgecast, and Firebase, of which a few are located overseas. As per KCC, the company failed to notify its users that their data was being transferred outside the country’s borders, which is again a failure of compliance guidelines.
  • Based on the findings from the investigation, KCC held TikTok guilty on various counts of data mishandling under the country’s Personal Information Protection Act.
  • The 186 million won fine amounts to nearly 3% of TikTok’s annual revenue in South Korea.

Same Trouble in the Far West?

In the U.S., a group of privacy and children welfare advocates led by Campaign for a Commercial-Free Childhood and The Center for Digital Democracy filed a complaint against TikTok alleging violation of children’s privacy. The group stated that TikTok had disregarded an agreement, which it made with the Federal Trade Commission (FTC) in 2019. As per the agreement, TikTok had promised to remove all previously uploaded content by children under the age of 13 and implement stricter parental controls and consent when collecting children’s personal data.

However, the complainants said, “We found that TikTok currently has many regular account holders who are under age 13, and many of them still have videos of themselves that were uploaded as far back as 2016, years prior to the consent decree.”

As per sources, the Federal Trade Commission (FTC) and the U.S. Department of Justice (DOJ) are now looking into it rather seriously.