Welcome to the Cyveillance Weekly Cyber Security Trends Report
Since threat intelligence is constantly evolving, we publish this weekly cyber security trends report to keep our customers updated on the latest threats across a variety of industries. You can read an abridged version below. Follow us on Twitter and subscribe to our blog to make sure you don’t miss any of the latest security articles from Cyveillance experts.
- On May 31, over 200 people marched six miles from Solomons Island, Md. to Lusby, Md. in opposition to Dominion’s Cove Point liquefied natural gas (LNG) export terminal and refinery. The march was organized by We Are Cove Point, Calvert Citizens for a Healthy Community, Beyond Extreme Energy, Sierra Club Southern Maryland Group, Chesapeake Climate Action Network, and Patuxent Friends Quaker Meeting.
- Low income drivers are increasingly being taken in by a widening scam where crooks, posing as auto insurance agents, prey on working people struggling to find affordable policies. Under the scam, the perpetrator offers auto insurance for a low price — low because the scammer, posing as a broker, will buy an authentic policy using fraudulent means of payment, keeping the policy just long enough to collect a proof of insurance card. The racket is a growing problem in New York City and South Florida, according to an insurance industry group, but seems most prevalent in Michigan, where premiums are inflated by a state mandate that drivers purchase insurance plans that have unlimited lifetime medical benefits, among other features. Victims in Michigan are thrown even deeper into crisis when police accuse victims of being in on the scam and seize the victims’ vehicles and other assets under civil forfeiture laws.
- The Internal Revenue Service (IRS) announced last week that organized crime syndicates used personal data obtained elsewhere to access tax information, which they then used to file $50 million in fraudulent tax refunds. The tax agency said the breach is concerning because the IRS system wasn’t hacked. Using personal data, hackers breached more than 100,000 accounts of taxpayers who had used the IRSs “Get Transcript” online application. The Get Transcript service allows taxpayers to review their tax account transactions, line-by-line tax return information, or wage and income reported to the IRS for a specific tax year. The agency said that the hack probably originated in Russia.
Legal and Regulations
- The Supreme Court will announce this month whether it intends to take up a case brought by Motorola against a cartel of liquid-crystal display makers in a court battle with potentially significant implications for the increasingly-complex global supply chains of device manufacturers, the New York Times reports.
- The U.S. Federal Trade Commission, which enforces antitrust law, filed a lawsuit on Friday aimed at stopping the $1.9 billion merger of medical technology provider Steris Corp and British sterilization services provider Synergy Health Plc.
- Cyber-criminals are distributing TeslaCrypt ransomware via the Angler exploit kit and Tor network in a “new bid to hold organizations to ransom for thousands of dollars.” The malware leverages a memory-resident, file-less technique called Bedep that minimizes the observable footprint of an infection.