Plus: Socure raises $95M funding round led by J.P. Morgan to offer digital verification software
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Akamai claims to have mitigated the largest DDoS attack to ever an Asia-Pacific organization. The cyberattack peaked at 900.1 gigabits per second. More: - This attack happened on Feb. 23, 2023.
- The company stated that the peak of the cyberattack lasted one minute, reaching 158.2 million packets per second.
- Akamai redirected the malicious traffic to its multiple network centers located in Tokyo, Singapore, São Paulo, Hong Kong, and Osaka.
- According to the Japanese internet company, users were not affected by the DDoS attack and were able to use its services regularly.
Zoom Out: - Akamai has mitigated even larger DDoS attacks in the past. On Sept. 12, 2022, the company mitigated an attack that peaked at 704 million packets per second.
- In 2021, Microsoft protected a client in Asia from being cyberattacked with a 3.47 Tbps DDoS attack, which is the largest ever tracked DDoS campaign.
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The FBI has released a statement that warns of hackers using fake rewards in play-to-earn Web3 games to hack players. The report also contains a series of steps that users need to follow to prevent being scammed. More: - The multi-stage hacking campaign works as follows: The hackers introduce victims to an online game in which players are promised they will earn cryptocurrency rewards in exchange for completing specific actions.
- In order to participate in the games, the victims are told to buy cryptocurrency and create a crypto wallet.
- Once the victims download the game, they have unknowingly downloaded malware that enables the threat actor to have control over their wallet.
- The scammers then tell them that they can win more rewards the more cryptocurrency they transfer to their wallet.
- Hackers then steal the funds from the targets and promise to recover them in exchange for a fee.
- After the fee is paid, the hackers do not give back the wallet and do not reach out to the victims anymore.
Zoom Out: - A record-breaking $3B was stolen through cryptocurrency scams in 2022.
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Iranian hackers are cyberattacking Middle Eastern women activists involved in human rights campaigns. Cobalt Illusion is believed to be responsible for this hacking campaign. More: - The hacker group, also known as Phosporous and APT35, is using phishing as a threat vector.
- It initially sends regular links to gain the victim's trust and then sends a malicious link to gain unauthorized access to the targeted accounts.
- The group uses tools such as Hyperscrape to steal data from different email providers.
- The threat actor is state-backed.
Zoom Out: - Only a few days ago, Israel accused state-backed Iranian hackers of breaching Technion Institute.
- Earlier this year, British authorities reported that Iranian threat actors were falsely pretending to be journalists as a way of reaching targets of high interest to them.
- In November 2022, Iran-backed threat actors breached the U.S. Merit Systems Protection Board.
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Socure has raised a $95M funding round led by J.P. Morgan to offer digital verification software. The company has worked with The State of California, Poshmark, and DraftKings. More: - The platform provides identity verification for:
- government-issued documents,
- emails,
- phone numbers,
- addresses,
- IP addresses,
- technology devices,
- dates of birth, etc.
- The company's client list includes names such as:
- Chime,
- SoFi,
- Gusto,
- Public,
- Poshmark,
- Stash,
- DraftKings,
- State of California,
- and Florida's Homeowner Assistance Fund.
- The company claims to have worked with over 1,400 financial institutions.
- Silicon Valley Bank and KeyBanc Capital Markets also participated in the round.
- Socure is based in Incline Village, Nevada.
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Lazarus Group hacked a South Korean financial organization twice in 2022. The first breach was due to using an older software version, while the second time, the victim had updated their software, but it had a zero-day vulnerability. The researchers that tracked the flaw claim they are waiting for the technical analysis to be completed to provide more details. More: - The first breach happened in May 2022. In this cyberattack, the threat actor took advantage of a certificate software bug.
- This certificate was also used by several universities, which may be related to the high number of cyberattacks that universities were hit by in 2022.
- Lazarus used Bring Your Own Vulnerable Driver to bypass security protocols and anti-malware software.
- After breaching the organizations, the threat actor changed filenames to hide their activity.
Zoom Out: - Lazarus was one of the most active threat actors in 2022. The group made headlines for stealing over $600M worth of cryptocurrency by breaching Axie Infinity's Ronin Bridge. This attack is the largest in the history of the cryptocurrency industry.
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- Yoti, a U.K.-based digital identity verification company, raised $11.8M in a round led by Lloyds Banking Group.
- According to a recent poll, only 34% of workers stated that their actions impact their organization’s cybersecurity.
- SOCRadar, a cyber security company that helps businesses detect cyberattacks before they cause severe damage, raised a $5M funding round led by 212.
- EtherMail, a Switzerland-based Web3 privacy startup, has raised a $4M Pre-A round led by Tim Draper and Draper Associates, with participation from MS&AD Ventures.
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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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