Latest cybersecurity reporting from selected sources.

Don't let it happen to you Storm-0501, a financially motivated cybercrime crew, recently broke into a large enterprise's on-premises and cloud environments, ultimately exfiltrating and destroying data within the org's Azure environment. The criminals then contacted the victim via a Microsoft Teams account that they'd also compromised in the attack, demanding a ransom payment for the stolen files.…

A "dangerous piece of functionality" has been discovered in Microsoft 365 suite that could be potentially abused by a malicious actor to ransom files stored on SharePoint and OneDrive and launch attacks on cloud infrastructure

Security researchers are warning that threat actors could hijack Office 365 accounts to encrypt for a ransom the files stored in SharePoint and OneDrive services that companies use for cloud-based collaboration, document management and storage. [...]