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Background for this topic.

Cloud computing involves delivering computing services—such as storage, processing, and networking—over the internet using remote data centers. This model enables organizations to scale resources dynamically without owning physical infrastructure. In security terms, the cloud environment is defined by multi-tenant infrastructure where multiple customers share hardware and software resources managed by a cloud provider.

Key security concerns include controlling access through strong identity and access management (IAM), protecting data with encryption both at rest and in transit, and managing vulnerabilities in shared infrastructure components. The cloud’s shared responsibility model requires customers to secure their applications and data while providers secure the underlying platform. Misconfigurations, weak access controls, and insufficient monitoring can expose cloud assets to unauthorized access or data leakage, making precise configuration and continuous security assessment essential.

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Safe{Wallet} has revealed that the cybersecurity incident that led to the Bybit $1.5 billion crypto heist is a "highly sophisticated, state-sponsored attack," stating the North Korean threat actors behind the hack took steps to erase traces of the malicious activity in an effort to hamper investigation efforts

Bank Info Security 1 year, 4 months ago

China's Silk Typhoon Tied to Cloud Service Provider Hacks

Microsoft Sees Cyberespionage Group Lifting API Keys and Credentials for CustomersA prolific cyberespionage group tied to Beijing appears to have increased its targeting of widely used IT tools and service providers. Microsoft said the group's tactics now include stealing API keys and credentials from providers to gain access to providers' downstream customers' infrastructure.

They're good at zero-day exploits, too Silk Typhoon, the Chinese government crew believed to be behind the December US Treasury intrusions, has been abusing stolen API keys and cloud credentials in ongoing attacks targeting IT companies and state and local government agencies since late 2024, according to Microsoft Threat Intelligence.…

Vulnerabilities Can Apparently Be Chained Together to Execute a Hypervisor EscapeBroadcom's VMware cloud infrastructure software division has issued updates to patch three actively exploited zero-day vulnerabilities in all supported versions of its ESXi hypervisor operating system, which can be used to escape from the hypervisor, in what's also known as a virtual machine escape.

The Hacker News 1 year, 4 months ago

Identity: The New Cybersecurity Battleground

The rapid adoption of cloud services, SaaS applications, and the shift to remote work have fundamentally reshaped how enterprises operate. These technological advances have created a world of opportunity but also brought about complexities that pose significant security threats. At the core of these vulnerabilities lies Identity—the gateway to enterprise security and the number one attack vector