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Written content from the Risky Business Media team

Risky Bulletin: New malware tries to sabotage Israel's water system but fails because it's buggy

Presented by

Catalin Cimpanu
Catalin Cimpanu

News Editor

Security researchers at British security firm Darktrace have found a new and interesting piece of malware that was specifically designed to infect and sabotage the operations of Israel's national water management network.

Named ZionSiphon, the malware is one of the rare malware strains created to target operational technology (OT), which are the type of networks from which staff manage industrial equipment.

The malware is a very targeted operation that only works inside networks hosted on Israeli IP address ranges and where the malware finds specific text strings containing the names of common Israeli companies that manage water treatment and desalination systems.

Risky Bulletin: NIST gives up enriching most CVEs

Presented by

Catalin Cimpanu
Catalin Cimpanu

News Editor

The US National Institute of Standards and Technology announced on Wednesday a new policy regarding the US National Vulnerability Database, which the agency has been struggling to keep updated with details for every new vulnerability added to the system.

Going forward, NIST says its staff will only add data—in a process called enrichmentonly for important vulnerabilities.

This will include three types of security flaws, which the agency says are critical to the safe operation of US government networks and its private sector.

Srsly Risky Biz: It Is Time to Ban Sale of Precise Geolocation

Presented by

Tom Uren
Tom Uren

Policy & Intelligence

A recent deep dive into the American adtech surveillance system, Webloc, highlights the national security and privacy risks of pervasive and easily obtainable geolocation data. It brings home, once again, that the US needs to clamp down on the collection and sale of geolocation data.

The report, from Citizen Lab, documents what Webloc says it can do, who uses the product and its relationship with other commercial intelligence products. 

Webloc was developed by Cobweb Technologies, but is now sold by the US firm Penlink after the two companies merged in 2023. A leaked technical proposal document, obtained by Citizen Lab, says that Webloc provides access to records from "up to 500 million mobile devices across the globe". These records contain device identifiers, location coordinates and profile data from mobile apps and digital advertising.

Risky Bulletin: Malicious LLM proxy routers found in the wild

Presented by

Catalin Cimpanu
Catalin Cimpanu

News Editor

A recently published academic paper has studied the emerging ecosystem of LLM routers, a type of proxy that sits between AI agents and the AI provider to help with load-balancing and cost tracking and limiting.

The research team tested 28 paid routers available on marketplaces like Taobao, Xianyu, and on Shopify-hosted storefronts, as well as 400 free routers available on GitHub and other places.

The study searched for multiple suspicious behaviors, such as modifying the response to inject commands, using a delay/trigger mechanism to hide future bad commands behind a history of clean operations, accessing credentials that pass through them, and using evasion techniques to thwart analysts.

Risky Bulletin: France takes first steps to ditch Windows for Linux

Presented by

Catalin Cimpanu
Catalin Cimpanu

News Editor

The French government is taking its first major steps to ditch Windows for Linux and reduce its dependency on US tech for local European alternatives.

The first department to bite the bullet will be the French Inter-Ministerial Directorate of Digital Affairs (DINUM). The agency is the unofficial IT department for the French government, and this is very likely a test of how a migration could happen at a larger scale.

The decision was announced last week at a seminar between several French government ministries, which also pledged to prepare plans for their own migrations and the alternatives they might need.

Risky Bulletin: FBI extracted Signal chats from iPhone notifications logs

Presented by

Catalin Cimpanu
Catalin Cimpanu

News Editor

The main Risky Business podcast is now on YouTube with video versions of our recent episodes. Below is our latest weekly show with Pat, Adam, and James at the helm!

LA CAO hack: The Los Angeles city attorney’s office has been hacked and sensitive data has been published online. Stolen data included sensitive case details and the personal information of LA police officers. Witness names, medical records, and internal affairs investigation are also part of a trove of 7.7TB published online this week. [KTLA]

Ransomware hits key Dutch hospital provider: A ransomware attack has hit a major software provider for the Dutch healthcare sector. The incident impacted ChipSoft, the maker of an electronic patient record management platform named HiX. According to reports, the platform is used by roughly 70% of all Dutch hospitals but it's unclear if it was affected. The incident didn't impact the platform's availability. [NLTimes]

Srsly Risky Biz: American Diplomats to Fight Propaganda… on X

Presented by

Tom Uren
Tom Uren

Policy & Intelligence

US Secretary of State Marco Rubio has called for the State Department to push back against foreign state-backed propaganda and disinformation. Unfortunately for Rubio, he also dismantled the State Department's counter-propaganda office last year. It won't be recreated easily.

When it shut down its counter-propaganda office, the US government essentially left the detection of coordinated disinformation campaigns to private companies, at least some of which either don't care or are actively taking extreme positions: X is now a cesspool of disinformation

Last week, though, Rubio sent a memo to global US diplomatic posts directing them to launch their own campaigns combatting foreign propaganda. Per The Guardian:

Risky Bulletin: Cybercrime losses passed $20 billion last year

Presented by

Catalin Cimpanu
Catalin Cimpanu

News Editor

Americans have lost almost $21 billion to cybercrime last year, more than any other since the FBI began tracking cybercrime data 25 years ago, the FBI said in its yearly Internet Crime Report [PDF].

Investment scams were again the top category in terms of losses, with $8.6 billion reported stolen, and almost $6.2 billion of that sum being stolen as cryptocurrency.

Cyber-enabled fraud accounted for 85% of last year's losses, almost $17.7 billion.

Risky Bulletin: New Cambodian law will put scam compound operators in prison for life

Presented by

Catalin Cimpanu
Catalin Cimpanu

News Editor

The Cambodian government passed a new law last week that introduces big fines and heavy prison sentences for the operators and workers of cyber scam compounds.

The new bill passed unanimously in the National Assembly and Senate and was sent to the country's king to be signed into law. It comes after major international pressure from both China and the US for the local government to crack down on its sprawling cyber scam ecosystem.

The law introduces tiered penalties depending on a suspect's roles in the scam operation, such as if they acted alone or part of a larger cybercrime syndicate.

Risky Bulletin: Russia will revoke licenses for unruly ISPs

Presented by

Catalin Cimpanu
Catalin Cimpanu

News Editor

The Russian government will tighten operating requirements for internet service providers in an effort to kill small neighborhood providers.

The new requirements will include higher license fees, larger minimum operational capital, and mandatory deployment of the FSB's SORM traffic interception equipment.

According to reports from Izvestia and RBC, the new proposed rules would give the Russian Ministry of Digital Development, Communications, and Mass Media the power to revoke licenses without a court order for those who fail to comply.