QuoIntelligence’s Weekly Intelligence Snapshot for the week of 29 February – 6 March 2024 is now available! Find a summary here and subscribe to our mailing list below if you want to receive regular updates from us!
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Cyber Highlights
Current Threat
Phobos Ransomware Aggressively Targeting US Critical Infrastructure
Industry impacted: Energy, Government, Industrials, Materials, Utilities
Phobos ransomware, associated with variants like Elking and Faust, exploits vulnerabilities via tools like Smokeloader and Cobalt Strike. It initiates through phishing and exploits RDP services, followed by execution, privilege escalation, and data exfiltration. Persistent and evolving, Phobos leverages diverse tactics for impact, including disabling backups and encrypting data.
Rollups
Industry impacted: Financials, Health Care, Information Technology
- Novel Linux Bifrost RAT Variant Utilizes Deceptive Domains for Detection Evasion
- New Multistage RA World Ransomware Campaign Targets Healthcare And Financial Sectors
- North Korea Targets South Korea’s Semiconductor Industry In Cyber Espionage Campaign
- Two New TeamCity On-Premises Vulnerabilities (CVE-2024-27198 and CVE-2024-27199) Actively Exploited Globally
- Copybara Android Banking Trojan Surge in Mobile Banking Fraud Across Europe
- TODDLERSHARK: ScreenConnect Vulnerability Exploited to Deploy BABYSHARK Variant
China’s Two sessions 2024: Realistic GDP Target, Measures To Attract Foreign Investment, and Tougher Stance On Taiwan
QuoIntelligence outlines the key elements of China’s 2024 Government Work Report presented at the opening of the Two Sessions, where China’s major political bodies discuss the goals and policy direction of the country.
Rollups
Industry impacted: Energy, Industrials, Information Technology
- New EU Market’s Rules Banning Products Made With Forced Labour Likely To Heighten Trade Tensions With China
- EU Reaches Agreement on Cyber Solidarity Act Increasing Cybersecurity Capabilities In Critical Sectors
- Houthi Missile Strike in The Red Sea Causes Fatalities For The First Time
- SEC Adopts Rules On Climate-Related Disclosures Amid Rising International Scrutiny Over Companies’ Green Objectives
Outlook
- 12 March – Gartner CIO Leadership Forum
- 12 March – Gartner CIO Leadership Forum
- 13 March – Cybersecurity: Bank, Insurance & Finance Summit 2024
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