News Recap #3 : Most important cyber security news of the week | cybernews.com
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A week can be a long time in the cyberworld, so you might have missed some of the important news from this week. Let us recap the highlights of this week’s cybernews.
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// Timestamps //
0:14 SpiceJet forced to cancel several flights
1:28 Sberbank in the eye of the storm
3:31 Microsoft discovered Android vulnerabilities
5:10 New Indian data regulation law upsets VPNs
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This week, the cybernews seems to be flying quite low, with Indian airline SpiceJet being forced to cancel several flights, leaving hundreds stranded at the airport.
The airline announced it suffered from a ransomware attack on the official company’s account, claiming that the incident impacted SpiceJet’s flight operations.
The company’s message reads that – “While our IT team has to a large extent contained and rectified the situation, this has had a cascading effect on our flights leading to delays”
Hopefully, the passengers of the cancelled flights will be able to get their money back. Fortunately, they are at least not the clients of the Russian majority state-owned bank Sberbank, who’s not going hot right now.
Cyber threat intelligence company Cyberint, following the three months since the start of the Russian invasion observed over 110,000 leaked Sberbank cards, representing 18% of the global incidents in this period.
The company told Cybernews that – “Sberbank of the Savings Bank of the Russian Federation accounted for about a third of all bank assets in Russia. Our team has detected multiple threat groups that have already recently compromised this bank, such as DoomSec and Ares, and breached data published on Telegram channels,”
Since the outbreak of the Kremlin’s aggression in Ukraine, dark web marketplaces have seen a downpour of stolen Russian credit card data.
In any case, it seems like Sberbank should fix their vulnerabilities, similarly to Microsoft, whose pre-installed Android System apps have become a pathway to cybercrime.
Microsoft found what it called “high-severity vulnerabilities” in a mce Systems mobile framework, used by multiple large mobile service providers in pre-installed Android System apps.
The vulnerabilities, which affected apps with millions of downloads, have potentially exposed users to remote or local attacks and now have been fixed by all involved parties.
Microsoft said there had been no reported signs of these vulnerabilities being exploited in the wild at the time of publication.
Well, the crisis seems to be averted with Microsoft, but we gotta go back to India real fast. The new Indian data regulation law requires VPN providers to keep excessive customer data for five years, and this is something we have to talk about.
The new Indian VPN rule will come into effect on 27 June 2022 and will require VPN providers to store users’ real names, assigned IP addresses, and usage patterns, among other identifying data. In response, ExpressVPN and Surfshark are closing their Indian servers.
Since 2002, almost 255 million Indian user accounts have been leaked. Surfshark noted that VPN providers leaving India would harm the “burgeoning” IT sector. They’ve added that – “Taking such radical action that highly impacts the privacy of millions of people living in India will most likely be counterproductive and strongly damage the sector’s growth in the country. Ultimately, collecting excessive amounts of data within Indian jurisdiction without robust protection mechanisms could lead to even more breaches nationwide,”
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