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E-Business

HP Threat Research Shows Attackers Exploiting Zero-Day Vulnerability Before Enterprises Can Patch

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HP Inc. has released its latest global HP Wolf Security Threat Insights Report, providing analysis of real-world cybersecurity attacks. By isolating threats that have evaded detection tools and made it to user endpoints, HP Wolf Security has a unique insight into the latest techniques being used by cybercriminals.

The HP Wolf Security threat research team found evidence that cybercriminals are mobilizing quickly to weaponize new zero-day vulnerabilities.

Exploits of the zero-day CVE-2021-40444 – a remote code execution vulnerability that enables exploitation of the MSHTML browser engine using Microsoft Office documents – were first captured by HP on September 8, a week before the patch was issued on September 14.

By September 10 – just three days after the initial threat bulletin – the HP threat research team saw scripts designed to automate the creation of this exploit being shared on GitHub.

Unless patched, the exploit enables attackers to compromise endpoints with very little user interaction. It uses a malicious archive file, which deploys malware via an Office document.

Users don’t have to open the file or enable any macros, viewing it in File Explorer’s preview pane is enough to initiate the attack, which a user often will not know has happened. Once the device is compromised, attackers can install backdoors to systems, which could be sold on to ransomware groups.

Other notable threats isolated by the HP Wolf Security threat insight team include a rise in cybercriminals using legitimate Cloud and web providers to host malware, JavaScript malware slipping past detection tools, and targeted campaign found posing as the Ugandan National Social Security fund. The team also that switching to HTA files spreads malware in a single click.

“The average time for a business to apply, test and fully deploy patches with the proper checks is 97 days, giving cybercriminals an opportunity to exploit this ‘window of vulnerability’.

While only highly capable hackers could exploit this vulnerability at first, automated scripts have lowered the bar for entry, making this type of attack accessible to less­ knowledgeable and resourced threat actors.

This increases the risk to businesses substantially, as zero-day exploits are commoditized and made available to the mass market in venues like underground forums,” explains Alex Holland, Senior Malware Analyst, HP Wolf Security threat research team, HP Inc.

“Such novel exploits tend to be effective at evading detection tools because signatures may be imperfect and become obsolete quickly as the understanding of the scope of an exploit changes.

“We expect threat actors to adopt CVE-2021-40444 as part of their arsenals, and potentially even replace common exploits used to gain initial access to systems today, such as those exploiting Equation Editor.”

“We are also seeing major platforms like OneDrive allowing hackers to conduct ‘flash in the pan’ attacks.

While malware hosted on such platforms are generally taken down quickly, this does not deter attackers because they can often achieve their objective of delivering malware in the few hours the links are live,” Holland continues. “Some threat actors are changing the script or file type they are using every few months.

“Malicious JavaScript and HTA files are nothing new, but they are still landing in employee inboxes, putting the enterprise at risk. One campaign deployed Vengeance Justice Worm, which can spread to other systems and USB drives.”

The findings are based on data from the millions of endpoints running HP Wolf Security. HP Wolf Security tracks malware by opening risky tasks in isolated, micro Virtual Machines (micro VMs) to understand and capture the full infection chain, helping to mitigate threats that have slipped past other security tools.

This has let customers click on over 10 billion email attachments, web pages, and downloads with no reported breaches. By better understanding the behavior of malware in the wild, HP Wolf Security researchers and engineers can bolster endpoint security protection and overall system resilience.

“We can’t keep relying on detection alone. The threat landscape is too dynamic and, as we can see from the analysis of threats captured in our VMs, attackers are increasingly adept at evading detection,” comments Dr. Ian Pratt, Global Head of Security for Personal Systems, HP Inc.

“Organizations must take a layered approach to endpoint security, following zero trust principles to contain and isolate the most common attack vectors like email, browsers, and downloads. This will eliminate the attack surface for whole classes of threats, while giving organizations the breathing room needed to coordinate patch cycles securely without disrupting services.”


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E-Business

Amazon CEO Says AI will Reduce Number of Workers Needed

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Amazon’s management on Wednesday said that it expects that artificial intelligence software will reduce the number of office workers at the world’s largest online retailer.

Amazon CEO Says AI will Reduce Number of Workers Needed

Andy Jassy, chief executive, Amazon

“We will need fewer people doing some of the jobs that are being done today and more people doing other types of jobs,” Andy Jassy, chief executive, Amazon  wrote in an email to employees.

He said it was difficult to predict how the overall workforce will evolve, but in the next few years, it is expected that AI efficiency gains will lead to a reduction in the number of office workers.

According to earlier reports, Amazon employed around 1.5 million people worldwide, with approximately 350,000 office employees in various roles.

The Wall Street Journal reported that the company does not anticipate further large-scale layoffs, as seen in 2022 and 2023, in the near future.

Instead, it expects that vacant positions will not be refilled.

However, layoffs are not ruled out, according to sources familiar with the matter.

“Amazon is focusing on so-called AI agents, software capable of independently performing tasks. These agents could, for example, summarise information from the web and data sources, write software, translate languages and automate many time-consuming tasks,” Mr Jassy explained.

“Agents will be teammates that we can call on at various stages of our work,” he added, urging employees to experiment with AI whenever possible.

The impact of AI on the job market has been a concern for many years.

Recently, Spotify, the leader in music streaming, announced that teams requesting additional staff would first need to prove that AI could not perform the tasks.

The creators of the language-learning app Duolingo plan to gradually replace external workers with AI.

 

 

 

 


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BPP Partners NDPC to Strengthen Data Protection

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Dr Adebowale Adedokun, director-general, Bureau of Public Procurement (BPP), has reaffirmed the bureau’s commitment to data protection in Nigeria.

BPP Partners NDPC to Strengthen Data Protection

He disclosed this in a statement at the weekend by Zira Nagga, head of Public Relations, BPP, following a courtesy visit by a delegation from the National Data Protection Commission (NDPC).

Adedokun stressed that data protection is vital to Nigeria’s economy and development, particularly in areas such as demography, health, education, and other key sectors.

He emphasised that no country should leave its data unprotected, as it plays a crucial role in future planning and national development.

“Data governs the world. It is essential to technological progress and must be protected for a country or business to be taken seriously,” he said.

Adedokun described the visit, aimed at fostering partnership on data policy implementation and protection, as timely and aligned with national goals.

He said the BPP would collaborate closely with the NDPC to boost data development, capacity building, and enhance the procurement system.

“The BPP will support compliance as part of the ‘Nigeria First’ Policy, although it is not a core procurement eligibility requirement,” he explained.

He suggested a hybrid training model to help build strong capacity in data protection, privacy awareness, and policy understanding.

According to him, a dynamic training approach will reduce logistics costs and improve public confidence in data safety and privacy.

Dr Vincent Olatunji, CEO, and national commissioner, NDPC, praised Adedokun and the BPP for supporting data protection initiatives.

He said the partnership supports President Bola Tinubu’s vision and will strengthen data privacy across Ministries, Departments, and Agencies (MDAs).

“The collaboration will create awareness and train BPP staff to ensure a firm grasp of data protection principles and policies,” he stated.

Olatunji said the NDPC would establish a working group to finalise a Memorandum of Understanding beneficial to both institutions.

He added that President Tinubu signed the NDPC into law on 12 June 2023 to uphold citizens’ rights and protect national and business data.

Olatunji also noted that strict legal measures were in place to enforce data protection and ensure full compliance nationwide.

Both agencies agreed to form a team to sign the MoU and focus on capacity building and data management in procurement and beyond.

 

 


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FG Mulls Fibre Optic Layout to Bridge Internet Gaps

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President Bola Tinubu said that his administration has initiated a project to install fibre optic cables across the country, aimed at enhancing the socio-economic development of Nigeria.

FG Mulls Fibre Optic Layout to Bridge Internet Gaps

His plans were contained in a speech he delivered at a joint session of the National Assembly in commemoration of Democracy Day on Thursday, June 12.

He said the fibre optic layout is part of other projects being embarked on.

“In addition, we have embarked on an ambitious project to lay fibre optic cables across the nation, a transformative step toward bridging the digital divide and fostering greater connectivity.

“This initiative promises not only to enhance the speed and reliability of internet access but also to revolutionise how businesses operate, how students learn, and how communities stay connected,” Tinubu stated.

He maintained that by extending this critical infrastructure, his government is empowering entrepreneurs, enabling digital education, and providing the tools for our youth to compete in a globalised world.

In a most recent report on Internet connectivity, The ICIR pointed out how Nigeria has faced setbacks in its deployment of fibre optic cables and needs a transformation.

The challenges revolve around vandalism, inadequate coordination between road construction and telecom infrastructure, and varying right-of-way (RoW) charges across states.

Among industry experts, these issues impact network outages, increase repair costs, and hinder broadband expansion efforts.

It has also further threatened the digital economy, leading to slower Internet speeds, dropped calls, and unreliable connectivity among others.


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