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Forge Report: First Half Threat Trends of 2024




All Threat Reports
FBI Reports $12.5 Billion Lost to Fraud in 2023 as Cybercrime Reaches New Heights
The FBI's 2023 Internet Crime Report highlights a sharp increase in cybercrime, with $12.5 billion in losses reported by Americans, marking a 22% increase from the previous year. Investment fraud, especially in cryptocurrency, and phishing were the most prominent, with investment fraud losses soaring to $4.57 billion. The demographic most affected spans from individuals aged 30 to 49. Phishing complaints dominated cybercrime categories, significantly surpassing other types like personal data breaches and extortion. Business Email Compromise (BEC) scams and ransomware attacks were notably costly, with BEC scams alone causing $2.9 billion in losses.
Trend Micro’s Investigation Reveals Earth Kapre’s Evasive Cyber Espionage Techniques
Trend Micro's investigation into Earth Kapre, also known as RedCurl and Red Wolf, uncovers a cyber espionage campaign targeting various countries. Utilizing phishing emails with malicious .iso and .img attachments, the group leverages native Windows tools and complex obfuscation techniques for data theft and maintaining presence within compromised systems. Notable tactics include PowerShell for initiating attacks, the use of "curl.exe" for malicious downloads, and exploiting the Program Compatibility Assistant for indirect command execution. Detection engineers are advised to monitor for specific indicators of Earth Kapre's activity, such as unusual PowerShell and "rundll32" usage, to mitigate these sophisticated threats.
Recommendations for Countering Against Phobos Ransomware
The Cybersecurity and Infrastructure Security Agency (CISA), FBI, and MS-ISAC have released recommendations to combat Phobos ransomware, targeting critical sectors since May 2019. Phobos, a ransomware-as-a-service (RaaS) operation, exploits vulnerabilities in Remote Desktop Protocol (RDP) services and conducts sophisticated phishing campaigns. It employs tools like Smokeloader, Cobalt Strike, and Bloodhound for attacks. Recommendations include monitoring for initial access attempts, especially via phishing and vulnerable RDP ports, and detecting known executables associated with Phobos to mitigate threats.
Increasing Docker Exploitation for Cryptomining
Cado Security researchers have disclosed a campaign exploiting misconfigured servers, including Docker and Apache Hadoop YARN, for cryptomining. The operation involves Docker container escapes and Linux host intrusions, using Golang payloads and bash scripts for automated vulnerability exploitation. The report highlights parallels with previous cloud-targeting campaigns and outlines anti-forensics measures and attack techniques used to maintain stealth and persistence.
Cybersecurity Authorities Warn of APT29's Shift Towards Cloud Infrastructure Attacks
Cybersecurity advisories from CISA and the UK's NCSC have highlighted a strategic shift by APT29, a Russian state-sponsored cyber group, towards targeting cloud infrastructures across sectors such as aviation, education, financial, government, law enforcement, and military. The advisories detail APT29's evolved tactics to exploit cloud-based systems, including password spraying, leveraging service accounts, enrolling new devices to bypass MFA, and using residential proxies to hide their operations. These methods demonstrate a sophisticated understanding of cloud vulnerabilities, underscoring the need for organizations to adopt recommended mitigations to protect against such advanced threats.
Attackers' Bluff Exposed in S3 Bucket Deletion Scam
Cybersecurity analyst Stephan Berger (@malmoeb) has exposed a scam involving the deletion of AWS S3 buckets, where attackers then demand a ransom. The incident began with reconnaissance in January 2024, escalating to the deletion of an S3 bucket in February. The attackers left a ransom note and a supposed recovery binary, which Berger identified as a decoy designed to pressure victims into paying the ransom. The investigation revealed that only a small fraction of data was compromised, highlighting the deceptive nature of the attackers' claims. This analysis underscores the importance of skepticism and thorough investigation in the face of ransom demands.

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