Plus: Boxx Insurance raises $14.4M Series B to provide cyber insurance to its 350,000+ clients
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Hackers stole a record $3.2B worth of crypto in 2022, according to a new report. North Korean hackers were responsible for stealing $1.7B of the total amount. More: - North Korean hackers continue to be the most persistent threat actor regarding cryptocurrency cyberattacks. Backed by the national government, actors such as the Lazarus hacker group have breached several international companies and organizations.
- Most famously, Lazarus Group stole $620M by breaching Axie Infinity's Ronin bridge. This breach is the largest in the history of the cryptocurrency industry.
- The stolen funds are used by the North Korean government to fund its nuclear program.
- 82% of these cyberattacks in 2022 happened due to weak DeFi protocols being exposed, 64% of which came from cross-chain bridge protocols.
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North Korean hackers have reportedly stolen 100GB of data from a leading research university, as well as healthcare organizations, defense organizations, energy, etc. Lazarus Group is believed to be behind the campaign. More: - Lazarus Group is believed to have used two flaws to breach its targets:
- Researchers claim that Lazarus has changed some of its methods, now using only IP addresses for their infrastructure, choosing to remove domain names altogether.
- The group is believed to have used new Dtrack and GREASE malware variants.
- Once the hackers breached the victims, they moved laterally for over two months to gain access credentials and steal data.
- The campaign was deployed between August and November 2022, reaching its peak damage level in November.
- The Kimusky hacker group may have also been involved due to the use of Grease malware in the hacking campaign. The latter is tied with Kimusky.
- Security researchers concluded that the time zone in which the hackers were most active is UTC+9, which covers the Korean peninsula.
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A hacker group named InTheBox has listed nearly 2,000 Android phishing kits that can breach banking accounts and crypto exchanges for sale on the dark web. Injects from these kits are being sold for as little as $30. More: - InTheBox has sold Android mobile application web injects since February 2020 and operates a Tor-based online shop for web injects.
- The list of web inject packages that are being sold online has:
- 814 web injects compatible with Alien, Ermac, Octopus, and MetaDroid for $6,512.
- 495 web injects compatible with Cerberus for $3,960.
- 585 web injects compatible with Hydra for $4,680.
- The threat actor also offers custom web inject packages that can be used to deploy banking malware bots and steal financial information from victims.
- InTheBox's injects check the validity of the credit card numbers entered by victims using the Luhn algorithm.
- These inject packages can be used to target organizations in 44 countries.
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Boxx Insurance has raised a $14.4M Series B to provide cyber insurance to small and medium-sized businesses. The company says it has over 350,000 business clients. More: - Boxx Insurance aims to protect businesses and individuals from cyberattacks and provide insurance for them.
- The company has over 100,000 business clients and over 250,000 individual users.
- Boxx also offers cybersecurity training for employees.
- This funding round was led by Zurich Insurance.
- Boxx Insurance is based in Toronto, Canada.
- The company was founded in 2018 and currently has 36 employees.
- Since its inception, Boxx has raised $24.5M.
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Gem Security has raised an $11M Seed funding round to offer automated cloud protection from cyberattacks. The company is based in New York. More: - The company helps its clients to identify cyberattacks that breach its digital infrastructure and then take action to stop threat actors from causing significant damage.
- Gem Security's client list ranges from SMEs to Fortune 500 companies.
- In addition to its New York office, the company has an office in Tel Aviv, Israel.
- This is the company's first major funding round after coming out of stealth mode.
- Gem Security aims to use this funding to double its team, which currently counts 20 employees.
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- The city of London is on high alert after hackers breached Ion Cleared Derivatives, a supplier of trading software that is used throughout the city.
- Cybersecurity company Rapid7 may be acquired in the following months, according to a report.
- Researchers have tracked a new campaign that uses ClickFunnels to redirect victims to an infected link by quickly building web pages using the app.
- Apple's App Store vetting process has been bypassed by two apps named Ace Pro and MBM_BitScan. This is one of the few times that Apple's advanced security system has failed to stop fake apps from being published on the App Store platform.
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 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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