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Solarwinds ORION delivers backdoor Trojan to worldwide networks

Fireye detected that Solarwinds Orion is being used by attackers to steal sensitive company data. Fireye’s threat research division found that a highly sophisticated and evasive attacker compromised the Solarwind’s Orion IT monitoring and management platform to deliver a backdoor trojan. It is suspected that the campaign has started as early as April 2020 and

Elteni is shortlisted for Best Cybersecurity Solution – 2021 Fund Intelligence Operations and Services Award

OCIE issues a new alert: “Credential Stuffing”

Yesterday The Office and Compliance Inspections and Examinations ("OCIE") issued an alert about safeguarding client accounts against credential compromise that highlighted the issue of "credential stuffing attacks". Credential stuffing is a type of cyber attack where many compromised user credentials are tried against systems to gain unauthorized access, using automated means. Over the past few

2020-12-31T18:42:56-05:00September 16th, 2020|BEC, Business Email Compromise, Cyber, Hackers, Hedge Fund, OCIE, Password, Phishing, Private Equity, RIA, SEC|

Major service provider to the financial services industry was breached

A service provider of SEI Investments Co., affected by a ransomware attack. SEI Investments Co., a fund administrator for several high-profile asset management firms experienced a breach, exposing the personal information of investors for approximately 100 clients. SEI stated that the breach occurred through one of their service providers that faced a ransomware attack. M.J.

OCIE issues a new Cybersecurity: Ransomware Alert

Today the OCIE issued a Ransomware Alert, highlighting an uptick in sophisticated social engineering and other cyber campaigns, designed to infiltrate the networks of financial institutions to access sensitive information and/or to deploy ransomware. As a reminder, ransomware actors typically demand monetary payment for the return of data. We can spend time regurgitating what was

Palo Alto Networks Vulnerability – CVE-2020-2021

On June 29, 2020 Palo Alto Networks published a notice about a critical vulnerability affecting their devices. https://security.paloaltonetworks.com/CVE-2020-2021. The vulnerability, which is listed as an issue affecting the way SAML (Security Assertion Markup Language) authentication happens, can be exploited by remote attackers to gain access to the device. Dissecting this vulnerability, Palo Alto states that

Technology, security, and privacy in a Work From Home (WFH) environment

Will Work From Home (WFH) be an Alternative Asset Management Firm’ new norm? Firstly, let me address the question that comes to mind after reading the title, this isn’t just another article about how COVID-19 has affected us………now keep reading. I’m not writing this article to express my opinion about whether WFH is good or

Three UK-based Private Equity firms lose 1.3 million dollars to cyber criminals

  The team at Check Point identified that cyber criminals - dubbed the Florentine Banker - targeted three Private Equity firms and stole over $1.3 million dollars, with only about half the money recovered. The cyber criminals launched an email spear-phishing campaign targeting executives, and other high-profile employees in an attempt to gain access to

Are you considering fleeing Zoom? Don’t be so quick to do so.

Zoom has been under the spotlight over the past few weeks due to privacy and security issues. They were served with a class-action lawsuit over its data sharing practices, and come under scrutiny from the New York Attorney General’s Office. Headlines like this may make you want to “Zoom” for the hills, but hit the

Have you considered the work from home risks?

Have you made the decision to allow employees to work from home or are you still contemplating the idea? If work from home is or will be the preferred method for the unforeseeable future, there are some things you should do to maintain your compliance and security posture. Here are some risks you should be

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