Global Cyber Pulse: 13th Aug, 2024

August 13, 2024 | Cybersecurity
By Ashwani Mishra, Editor-Technology, 63SATS

Stay informed with our brief guide to the latest in cybersecurity:

A major DDoS attack interrupted Elon Musk’s interview with Donald Trump, while Evolution Mining and Schlatter Industries also faced significant cyber threats.

Meanwhile, a rise in ransomware attacks is pushing companies to rethink their cyber defenses, and Ukraine’s CERT warns of a new phishing scam.

Keep up with the ever-changing landscape of cyber threats and advancements.

Elon Musk Reports Major DDOS Attack During Trump Interview on X

Elon Musk reported a significant DDoS (Distributed Denial-of-Service) attack targeting X, impacting the scheduled live interview with former President Donald Trump.

Despite efforts to mitigate the disruption, Musk noted that the platform might limit live audience size and instead post the interview online later.

Evolution Mining Confronts Cyber Attack Amid Ongoing Industry Challenges

Evolution Mining, an Australian gold mining company, recently disclosed a cyber attack amid a wave of similar incidents affecting local businesses. The attack, which was contained without detailed disclosures, underscores the ongoing struggles of Australia’s cyber security capabilities, especially in critical industries reliant on digital and automated systems.

Schlatter Industries Targeted in Malware Attack

Schlatter Industries, a Switzerland-based automation and plant engineering firm, faced a malware attack, potentially orchestrated by professional cybercriminals seeking to blackmail the company. Efforts are underway to assess data theft and restore system functionalities fully.

Security Flaw in Microsoft Outlook Exposes Remote Code Execution Risk

Morphisec researchers have identified a severe vulnerability in Microsoft Outlook that could allow remote code execution by opening a malicious email. This flaw, designated as CVE-2024-30103, poses a significant threat to users by potentially executing harmful code upon receipt of an infected email.

Rising Ransomware Attacks Prompt Urgent Review of Cyber Resilience Strategies

A recent study by Semperis highlights an alarming trend of businesses experiencing multiple ransomware attacks within a single year, leading to significant operational disruptions and erosion of customer trust. This has prompted a call for enhanced resilience measures against such cyber threats.

Ukraine Warns of Phishing Campaign Posing as Security Service

CERT-UA has issued a warning about a new phishing campaign that impersonates the Security Service of Ukraine to distribute malware enabling remote desktop access. The campaign has already impacted over 100 computers, including those of government entities.