Data and Credential Theft Malware were Top Two Threats against SMBs in 2023: 2024 Sophos Threat Report

Sophos, a global leader in innovating and delivering cybersecurity as a service, today released its annual 2024 Sophos Threat Report, with this year’s report detailing “Cybercrime on Main Street” and the biggest threats facing small- and medium-sized businesses (SMBs*). According to the report, in 2023, nearly 50% of malware detections for SMBs were keyloggers, spyware and stealers, malware that attackers use to steal data and credentials. Attackers subsequently use this stolen information to gain unauthorized remote access, extort victims, deploy ransomware, and more.

The Sophos report also analyses initial access brokers (IABs)—criminals who specialize in breaking into computer networks. As seen in the report, IABs are using the dark web to advertise their ability and services to break specifically into SMB networks or sell ready-to-go-access to SMBs they’ve already cracked.

Above: Discovered by Sophos X-Ops: a sample of a dark web forum post advertising access to a small U.S. accounting firm. Additional examples of cybercriminal forum ads targeting SMBs, by industry and country, are in the 2024 Sophos Threat Report.

“The value of ‘data,’ as currency has increased exponentially among cybercriminals, and this is particularly true for SMBs, which tend to use one service or software application, per function, for their entire operation. For example, let’s say attackers deploy an infostealer on their target’s network to steal credentials and then get hold of the password for the company’s accounting software. Attackers could then gain access to the targeted company’s financials and have the ability to funnel funds into their own accounts,” said Christopher Budd, director of Sophos X-Ops research at Sophos. “There’s a reason that more than 90% of all cyberattacks reported to Sophos in 2023 involved data or credential theft, whether through ransomware attacks, data extortion, unauthorized remote access, or simply data theft.”

 

Ransomware Still the Biggest Cyberthreat to SMBs

While the number of ransomware attacks against SMBs has stabilized, it continues to be the biggest cyberthreat to SMBs. Out of the SMB cases handled by Sophos Incident Response (IR), which helps organizations under active attack, LockBit was the top ransomware gang wreaking havoc. Akira and BlackCat were second and third, respectively. SMBs studied in the report also faced attacks by lingering older and lesser-known ransomware, such as BitLocker and Crytox.

Ransomware operators continue to change ransomware tactics, according to the report. This includes leveraging remote encryption and targeting managed service providers (MSPs). Between 2022 and 2023, the number of ransomware attacks that involved remote encryption—when attackers use an unmanaged device on organizations’ networks to encrypt files on other systems in the network—increased by 62%.

In addition, this past year, Sophos’s Managed Detection and Response (MDR) team responded to five cases involving small businesses that were attacked through an exploit in their MSPs’ remote monitoring and management (RMM) software.

 

Attackers Sharpen Their Social Engineering and Business Email Compromise (BEC) Attacks

Following ransomware, business email compromise (BEC) attacks were the second highest type of attacks that Sophos IR handled in 2023, according to the Sophos report.

These BEC attacks and other social engineering campaigns contain an increasing level of sophistication. Rather than simply sending an email with a malicious attachment, attackers are now more likely to engage with their targets by sending a series of conversational emails back and forth or even calling them.

In an attempt to evade detection by traditional spam prevention tools, attackers are now experimenting with new formats for their malicious content, embedding images that contain the malicious code or sending malicious attachments in OneNote or archive formats. In one case Sophos investigated, the attackers sent a PDF document with a blurry, unreadable thumbnail of an “invoice.” The download button contained a link to a malicious website.

For in-depth details about these cybercrimes and more targeting SMBs, please read the 2024 Sophos Threat Report: Cybercrime on Main Street on Sophos.com.

*SMBs are organizations with 500 employees or less.

Startup Mahakumbh Launches Official App for Seamless Networking and Event Experience

Startup Mahakumbh, the largest celebration of Indian startups, scheduled to take place from March 18-20, 2024, at Bharat Mandapam & ITPO, today announced the launch of its official app on Google Playstore. In an effort to enhance networking opportunities and streamline the event experience, for the registered attendees, the app will become a one-stop guide for all key information and bring innovative minds together for meaningful partnerships.

The Startup Mahakumbh app serves as the go-to platform for registered delegates, visitors, and exhibitors to seamlessly connect with key stakeholders, policymakers, investors, and fellow attendees. Designed to enhance collaboration, innovation, and growth across the startup landscape, the app offers a comprehensive suite of features tailored to the needs of registered participants.

The key features of the Startup Mahakumbh app include:

  • Networking Hub: Registered attendees can leverage the app to network with industry leaders and peers, facilitating meaningful connections and partnerships.
  • Event Overview: Users gain access to a detailed schedule of events, sessions, and activities happening over the three-day period, ensuring they don’t miss out on any key opportunities.
  • 1-1 Meetings: The app allows users to schedule and manage one-on-one meetings with other participants based on sector interests, maximizing networking potential.
  • Chat Functionality: Attendees can engage in real-time conversations with fellow delegates, visitors and exhibitors, exchanging ideas and insights throughout the event.
  • Digital Pass: Serving as a digital badge, the app enables users to scan their credentials for seamless entry and access to event venues.
  • Event Feed: Admins will share the latest event photos, announcements, and updates for delegates, vistors and exhibitors, fostering community engagement and collaboration.

Commenting on the launch,  Pramod Bhasin Founder, Genpact; Founder, Clix Capital Services; Chairman, ICRIER shared,  “We are thrilled to introduce the official Startup Mahakumbh app, designed to elevate the attendee experience and facilitate meaningful interactions within the vibrant startup community. With its user-friendly interface and comprehensive features, we are confident that the app will empower attendees to make the most out of their valuable time at the event, facilitating meaningful connections and new opportunities for collaboration’

Additionally, the Startup Mahakumbh app will remain live for one month following the event, serving as a bridge between stakeholders in the ecosystem and facilitating ongoing connections and collaborations.

The Startup Mahakumbh app is now available for download on the Google Play Store.   Attendees can easily access the app by either registering on the Startup Mahakumbh website or signing up directly through the app, guiding them seamlessly to the registration page.

Environmentalist Malhar Kalambe bags National Creators Award 2024

Malhar Kalambe, renowned Environmentalist and Founder of Beach Please, has been honored with the prestigious National Creators Award 2024 for his outstanding environmental conservation and sustainability contributions. The award ceremony was held at Bharat Mandapam Convention Centre in Delhi and was presented to Malhar by the Honorable Prime Minister of India, Narendra Modi, recognizing his exceptional contributions to environmental conservation and the fight against plastic pollution. The awards recognized Malhar’s persistent efforts in fostering positive environmental change and inspiring communities and celebrities to take action towards a greener future. The Swachhata Ambassador Award is a testament to Malhar Kalambe’s remarkable leadership and serves as a motivation for others to join the movement for a better world towards a cleaner and greener future.

 

With an unwavering commitment since 2017, to protect the planet, Malhar has emerged as a motivational icon for the youth of today fighting against climate change and environmental degradation. Through his organization, Beach Please, Malhar has spearheaded various initiatives promoting eco-friendly practices, biodiversity conservation, and raising awareness about the importance of environment conservation. For over six years, Malhar Kalambe has been leading the charge in raising awareness and actively engaging volunteers through various initiatives conducted by Beach Please India.

 

As a young achiever at the National Creator Award, Malhar joins a remarkable panel of change makers and innovators who are shaping a better world through their creativity, passion, and dedication. In addition to his advocacy work, Malhar Kalambe is a passionate advocate for sustainable development and has been instrumental in influencing policy changes to address environmental challenges at local, national, and international levels.

 

Sharing the immense excitement about this win Vinay Pillai, Senior VP – Clout and Head of Strategy – Pocket Aces, “We are thrilled to witness Malhar being honored with the prestigious National Creator Awards receiving recognition for his extraordinary dedication to environmental advocacy. His innovative approach to sustainability and passion for protecting the environment serve as an inspiration to us all. Malhar’s vision has been instrumental in driving positive change, to encourage a sustainable future for future generations. We are so proud of him and wish him more power and success in the years to come. “

 

Expressing his warm gratitude, Malhar Kalambe said “I am deeply honored to receive the National Creator Award by the Honorable Prime Minister of India, “This award is a testament to the collective efforts of all those who have supported and contributed to our mission at Beach Please. Together, we have demonstrated the transformative impact that individuals and communities can have on the planet when we unite in pursuit of a common goal. This recognition will reinforce our mission to bring a positive change in the world. We encourage everyone to join hands in our mission as a collective action can only help address these environmental challenges. We wish to raise this awareness globally and seek participation from all sectors of society across the globe.”

NephroPlus solidifies presence in Philippines with the acquisition of Renal Therapy Solutions Inc. (RTSI)

NephroPlus, a multinational leader in dialysis care and Asia’s largest dialysis network announces the recent acquisition of Renal Therapy Solutions Inc. (RTSI), a well-known dialysis network with six clinics in Philippines.

 

With a strong presence in India, Nepal, Uzbekistan, and the Philippines, NephroPlus’ mission is the unwavering commitment to quality guest care where, the organization believes in touching and transforming the lives of people on dialysis, enabling them to lead long, happy, and productive lives.

This month, World Kidney Day is being celebrated with the theme ‘Kidney Health for All – Advancing Equitable Access to Care and Optimal Medication Practice.’ As World Kidney Day approaches, NephroPlus is reinforcing its dedication to delivering outstanding guest care for dialysis patients. This strategic move further strengthens its position in Philippines as the third largest dialysis network, with 27 clinics with new coverage in Luzon and Visayas.

Mr. Vikram Vuppala, Founder and CEO – NephroPlus stated, “Our shared commitment to improving chronic kidney patient lives through patient-centric, efficient, and quality healthcare is the foundation of our 14-year journey globally and 3-year journey in the Philippines. We remain focused on delivering high quality dialysis to the people of the Philippines. This acquisition marks a significant milestone in NephroPlus’ global expansion strategy, solidifying its presence in the Philippines. The addition of RTSI’s six well-established clinics enhances NephroPlus’ ability to reach and serve a broader community, particularly in key locations such as Caloocan, Novaliches, Bacolod, Mindoro, and Bohol.”

Mr. Michael Velasco Bernabe, RTSI said, “In tandem with NephroPlus, our shared mission is to elevate the quality of life for dialysis patients. Together, our commitment is to deliver patient-centric and unparalleled dialysis care, serving the people of the Philippines with excellence.”

BPCL to Pioneer Compressed Bio Gas (CBG) Production in Chhattisgarh

Bharat Petroleum Corporation Limited (BPCL), a leading Fortune 500 Maharatna Energy Conglomerate, is proud to announce a significant milestone in its commitment to sustainable energy solutions. A Memorandum of Understanding (MoU) was signed on Wednesday between BPCL, the Chhattisgarh Biofuel Development Authority, and Municipal Corporations of Raipur and Bhilai for the production of Compressed Bio Gas (CBG) in Chhattisgarh, marking a transformative leap towards a cleaner and greener future.

 

Under the terms of the agreement, BPCL, a central Public Sector Undertaking (PSU), will spearhead the establishment of CBG plants in Raipur and Bhilai with an investment of approximately Rs 100 crore each. These state-of-the-art plants will boast a processing capacity of 100-150 tonnes per day, harnessing the potential of municipal solid waste to produce biofuel.

 

The MoU signing ceremony took place in the esteemed presence of Honorable Chief Minister Shri Vishnu Deo Sai and Honorable Deputy Chief Minister Shri Arun Sao at the former’s official residence. Chief Minister Sai underscored the pivotal role of CBG plants in fostering clean cities, clean energy, and zero carbon emissions, emphasizing the government’s unwavering commitment to environmental stewardship.

 

Approximately 200-250 metric tonnes of municipal solid waste will be utilized daily in the production of biofuel, laying the foundation for a sustainable and circular economy. Moreover, the establishment of these plants is poised to generate approximately 60,000 man-days of employment directly and indirectly every year, bolstering economic growth and livelihoods in the region.

 

Highlighting the economic benefits of the initiative, Chief Minister Sai noted that the state stands to receive GST revenue to the tune of Rs 45 lakh per year upon production and sale at full capacity. Additionally, the plants will yield organic fertilizer as a valuable by-product, furthering the state’s efforts towards promoting organic farming and agricultural sustainability.

 

The MoU was formally signed by key stakeholders including Shri Devesh Kumar Dhruv, Commissioner of Bhilai Municipal Corporation, Shri Avinash Mishra, Commissioner of Raipur Municipal Corporation , Shri Anurag Saraogi, Chief General Manager -Biofuel, and Shri Sumit Sarkar, Chief Executive Officer of Chhattisgarh Biofuel Development Authority.

 

BPCL is committed to driving positive change and embracing sustainable energy solutions, leveraging its expertise and resources to catalyze the transition towards a cleaner and greener future for all.

TIFA 2024: A Celebration of Cinematic Excellence with Australia as the Focus Country

The city of Bengaluru is set to host the prestigious Teen Indie Film Awards (TIFA) from March 14-17 2024, organized by the dedicated students of RV University. This year, TIFA takes pride in announcing the participation of Australia, with the gracious presence of Ms Hilary McGeachy, Consul General, and Dr Hyung Min Kim, Deputy Consul General, from the Australian Consulate-General, Bengaluru.

The presence of esteemed officials from the Australian Consulate-General will add an extra layer of international flair to this cinematic extravaganza. The event will witness the convergence of creative minds and industry leaders, fostering cultural exchange and collaboration between India and Australia in filmmaking.

Mr. N. Vidya Shankar, Festival Director of the Bangalore International Film Festival was the Chief Guest for TIFA 2024’s inaugural curtain raiser. The event was also attended by Ms. Maya Chandra, Trustee, Rashtreeya Sikshana Samithi Trust (RSST) along with the Prof. (Dr.) Y.S.R. Murthy, Vice Chancellor, RVU, Prof. (Dr.) Piyush Roy, Dean, School of Film, Media and Creative Arts and other members of the faculty and guests.

TIFA 2024 has carefully curated a selection of 14 outstanding films from Australia, showcasing the diverse and vibrant storytelling from down under. The festival’s opening film, ‘The Song Keepers’, directed by the talented Naina Sen, promises to be a captivating experience, setting the tone for an unforgettable celebration of cinema with Australia as the focus country.

Highlighting the importance of film festivals, Prof. (Dr.) Piyush Roy, Professor and Founding Dean, School of Film, Media and Creative Arts, said, “What had started as an experiment with 25 films has become a global film festival in the third year with 300 entries from six continents. TIFA, in its third edition has truly emerged as India’s largest student-led global film festival dedicated to teenage and young adult filmmakers. The festival also focuses on being an all-around destination for thinking about cinema and its influence today, through panel discussions on emerging themes and evolving representations in the media and entertainment industry, film-themed book launches and masterclasses by film industry achievers.”

Complimenting Dean, Dr. Piyush Roy and his team for the exponential growth of TIFA 2024, Prof. (Dr.) Y.S.R. Murthy, Vice Chancellor, RV University said, “I am delighted to see how the Teen Indie Film Awards (TIFA) has evolved over the past 3 years. TIFA stands as a unique platform recognising creativity and filmmaking excellence among young film makers across the world. It is a moment of immense satisfaction to see TIFA listed on FilmFreeway, alongside prestigious international film festivals. With over 300 submissions from six continents in its third edition, TIFA has indeed emerged as a major international platform for showcasing talent and creativity. The event fosters interdisciplinary collaboration within RVU, engaging students and faculty from diverse schools. This

 

This year, students from the Schools of Liberal Arts and Sciences, Design and Innovation, Business, and Computer Science Engineering have curated the event with great enthusiasm. I extend my appreciation to all participants for their enthusiastic contribution.”

Impressed by the growth of TIFA 2024, Chief Guest Mr N. Vidya Shankar, Festival Director of the Bangalore International Film Festival highlighted, “The contemporary world is better represented and understood through cinema than any other medium. Unlike literature, which facilitates contemplation, cinema allows for immediate expression and understanding of a society’s core issues. Filmmakers, particularly young talents, provide hope and maturity in their content, offering a lens into societal challenges. India lacks an abundance of film schools compared to other nations, making initiatives like the RVU’s film festival all the more impressive. Such platforms, which showcase the works of young filmmakers to a global audience, are a privilege that will revolutionize film education in India, fostering a new generation of skilled storytellers.”

Over the four days, TIFA 2024 will feature more than 300 films from 30 countries, turning Bengaluru into a melting pot of cinematic excellence. Attendees can look forward to engaging in master classes, film discussions, and various other activities led by a panel of 25 distinguished speakers, contributing to the educational and inspirational aspects of the festival.

Established in 2022 by the School of Film, Media and Creative Arts at RV University, TIFA aims to provide a platform for young and emerging filmmakers to showcase their talent and connect with industry professionals. The festival has garnered global attention, attracting teenagers from around the world who share a passion for filmmaking and storytelling.

As TIFA continues to grow, it remains committed to its core mission of nurturing the next generation of filmmakers and promoting cross-cultural understanding through the art of cinema. The collaborative efforts between India and Australia in TIFA 2024 promise an enriching experience for film enthusiasts and industry professionals.

Event: Teen Indie Film Awards 2024

Date: 14 to 17 March 2024

Location/Venue:

14 March: RV University campus (Film studio, IEM Auditorium)

15 March: RV University: campus (MCA, Film Studio)

16 March: Mangala Mantapa, NMKRV Campus, 3rd Block Jayanagar, Bengaluru 560011

17 March: Morning: RV University campus

17 March: Award ceremony at Mangala Mantapa, NMKRV Campus, 3rd Block Jayanagar, Bengaluru 560011

 

Registration for delegate pass (₹250): https://forms.gle/JyXRxVb8kMgjLwBe7

The delegate pass includes masterclasses, workshops, and panel discussions.

On-spot registrations will be open on 14th March from 10-1 pm.

For more information, including schedules and ticket purchases, please visit the official website: https://bit.ly/49qAmfu