Microsoft’s SFI Expansion, UK’s New PSTI Law & Updates on Change Healthcare Attack

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In this week’s episode, Andy and guest Eric Siron discuss the cybersecurity landscape based on data from the Monthly Threat Report for May 2024. They cover a range of news items, including Microsoft’s recent announcement to expand the Secure Future Initiative, the new PSTI (Product Security and Telecommunications Infrastructure) Act in the UK and a significant brand impersonation campaign targeting the German financial entity Commerzbank. Additionally, they provide updates on the Change Healthcare ransomware attack. 

Key takeaways: 

  • Microsoft’s acknowledgement of security issues is crucial for building customer trust. 
  • The PSTI Act in the UK sets standards for consumer device security and compliance. 
  • Payment of ransoms in ransomware attacks needs to be carefully evaluated. 
  • Data breaches in healthcare can have widespread and long-term consequences for patients and organizations. 

Timestamps: 

(04:02)  Insights from the Latest Monthly Threat Report: Decrease in Email Threats, Top Targeted Industries, and Impersonated Brands

(14:02)  Breaking Bad Habits: QR Codes, OAuth, and User Training

(15:18) Microsoft’s Security Issues and Response to CSRB’s Criticism: Committed to Improve Security

(25:23)  New UK Law Mandates Security Standards for Consumer IoT Devices

(34:02) Impact of Ransomware Attack on Change Healthcare and the Dilemma of Paying Ransom 

Episode Resources:

Full Monthly Threat Report May 2024

Sharpen your Instincts with Security Awareness Training

A Breakdown of CSRB’s Findings on Microsoft Storm-0558 Breach (PART 2)

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Today’s episode of the Security Swarm Podcast is a continuation from last week’s episode where Andy and Paul discussed the CSRB’s findings on Microsoft’s Storm-0558 Breach. In their discussion, they continue picking apart the findings and providing their insights.

Episode Resources:

Cyber Safety Review Board Report

A Breakdown of CSRB’s Findings on Microsoft Storm-0558 Breach (PART 1)

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In this episode of The Security Swarm Podcast, Andy and Paul discuss the Cyber Safety Review Board’s findings of the Microsoft Storm-0558 breach. During the episode, they talk about the implications of the breach and explore Microsoft’s security culture, stressing the need to prioritize robust security measures over rapid feature developments. 

Key Takeaways: 

  • Microsoft’s security culture requires a significant overhaul to address existing vulnerabilities and prevent future breaches. 
  • Transparency and accurate risk assessments are crucial in understanding and mitigating security threats in cloud environments. 
  • Prioritizing security over rapid feature development is essential to prevent security risks and enhance overall product integrity. 
  • Standardized audit logging practices should be a fundamental offering in cloud services to enable effective intrusion detection and investigation. 

Timestamps: 

(10:07) – Microsoft’s Security Culture: Past, Present, and Future 

(15:45) – Uncovering Lack of Transparency and Accountability in Major Cloud Vendors

(20:09) – Microsoft’s Security Standards: A Critical Assessment and Call for Action

(28:53) – A Discussion on Cloud Audit Logging 

Episode Resources: 

Cyber Safety Review Board Report

Microsoft Trustworty Computing Memo

The XZ Utils Backdoor, CSRB’s Report on Storm-0558 & More

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In this episode of the Security Swarm Podcast, our host Andy Syrewicze discusses the key findings from Hornetsecurity’s Monthly Threat Report with guest Michael Posey. The Monthly Threat Report is a valuable resource that provides monthly insights into M365 security trends, email-based threats, and commentary on current events in the cybersecurity space.  

In this episode, Andy and Michael talk about recent security events such as the Cyber Safety Review Board’s (CSRB) report assessment of the Storm-0558 attack, the FTC’s reports on impersonation attacks, and an alarming potential supply chain attack on the XZ Utils package in open-source Linux distributions. 

Key takeaways: 

  • The cybersecurity landscape is evolving rapidly with a variety of threats, from supply chain attacks to impersonation scams. 
  • Transparency and security diligence are crucial in preventing and mitigating cyber threats. 
  • End-user training and awareness play a significant role in enhancing overall cybersecurity posture. 

Timestamps: 

(05:26) – Rising Trends in Email Threats and Cybersecurity Impersonation Tactics

(15:26) – The Importance of Email Security and Supply Chain Attacks in Today’s Cyber Landscape

(18:12) – Uncovering the Storm-0558 Breach: Analysis and Recommendations

(27:33) – FTC Reports on Impersonation Attacks and the Importance of End User Training in Cybersecurity

(34:25) – Major Security Threat Uncovered in XZ Utils Package in Open Source Linux Distributions

(40:22) – Insights on Cybersecurity Issues and Mitigations 

Episode Resources: 

The Full Monthly Threat Report for April 2024

Fully automated Security Awareness Training Demo 

Security Risks of Always On Remote Access

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In this episode of The Security Swarm Podcast, host Andy Syrewicze is joined by Matt Lee from Pax8 to discuss the risks associated with deploying always on remote access software on managed endpoints.  

The conversation spans various topics, including Matt Lee’s extensive background in the MSP space, where he shares insights gained from his experience with a mass ransomware event. Together, they explore the risks and implications of constant remote access, emphasizing the need for organizations to adopt a more proactive stance toward cybersecurity.  

Key takeaways: 

  • Embrace the journey of continuous improvement in cybersecurity practices, focusing on being reasonable and defensible rather than striving for perfection. 
  • Follow established cybersecurity controls and be willing to adapt and improve security measures over time. 
  • Consider the risks associated with constant remote access and prioritize security measures that reduce exposure to threats. 
  • Take small steps towards improving cybersecurity practices and be open to learning from past failures to enhance security protocols. 

Timestamps: 

(11:08) – Navigating Remote Access in Highly Regulated Managed Service Provider (MSP) Environments 

(14:02) – Maximizing Security with Just in Time, Just Enough Access 

(17:41) – The ConnectWise ScreenConnect Vulnerability and the Importance of Communication 

(26:32) – The Need for Maturity in the Cybersecurity Space 

(31:10) – Don’t Let Perfect be the Enemy of Good 

Episode Resources: 

Matt Lee 

Hornetsecurity

Passkeys: The Future of Authentication?

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We’re thrilled to have Jan Bakker, a seasoned Cloud Consultant with over 10 years of IT experience, joining us from the Netherlands. In this episode, Andy and Jan explore the revolutionary concept of passkeys, a technology that aims to replace traditional passwords and enhance security by providing phishing resistance. The conversation delves into the significance of passkeys and their value in improving user experience and security measures. The guys even discuss what is currently known publicly about passkeys in M365. 

Key takeaways 

  • Passkeys offer a more secure and user-friendly alternative to traditional passwords by eliminating the need for storing secrets on the server side. 

  • Public key cryptography forms the foundation of passkeys, ensuring strong authentication without the risk of password breaches. 

  • Passkeys provide phishing resistance and streamline the authentication process for end users, reducing the reliance on complex passwords and additional MFA steps. 

  • While passkeys offer significant security benefits, they are not a standalone solution and should be complemented with other security measures such as phishing prevention and identity protection strategies. 

Timestamps: 

(00:13) – Unveiling the Power of Pass Keys in Cybersecurity with Jan Bucker 

(03:47) – The Rise of MFA Bypass Kits and Adversary in the Middle Attacks 

(14:55) – Unlocking the Future of Passwordless Authentication with Passkeys 

(24:55) – Addressing Persistent Access in Malicious Apps and OAuth: A Call for Improved Security Practices 

(29:59) – Unpacking the Importance of Phishing Resistance and Token Security in Cybersecurity 

(33:01) – Enhancing Security with Passkeys and Onboarding Procedures in Public Services 

Episode resources: 

Passkeys Directory 

Jan Bakker’s website 

The Security Swarm Podcast – EP24: The Danger of Malicious OAuth Apps in M365 

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