Cyber Cert Labs
Challenge Your Cybersecurity Mindset
On March the 29th a Microsoft engineer accidently discovered a backdoor that had been intentionally added to XZ utils software project, an open-source data compression utility that is used in almost all Linux distributions. The backdoor had been deliberately planted by a developer in the project. This developer had joined the project two years earlier and over the course of the two years earned the trust of the project maintainer by contributing bug fixes and code improvements to the project. Leveraging this trust and having been given the ability to directly approve code changes to the project the developer inserted the backdoor in February of this year.
Our CTO and CEO attended the EU Cyber Acts conference on 12th and 13th March in Brussels. The conference was well attended by delegates across Europe. There were presentations by experts in many fields and panel sessions with key EU stakeholders.
Our CEO had the pleasure of attending the ECCC info day in Bucharest. An extremely informative session and valuable networking opportunity. She also had the opportunity to pitch our idea for CRA Compliance Tools to a large EU audience and receive some great feedback.
Since the Russian invasion of Ukraine in February 2022, NATO and the European Union have continued to support Ukraine with humanitarian and military assistance in its resistance to the invasion. As a result European countries including Ireland are viewed as legitimate targets by Russia for offensive cyber security operations.
On the 8th of November the Industrial and Commercial Bank of China Financial Services (“ICBC FS”) a wholly owned subsidiary of Industrial and Commercial Bank of China Limited (“ICBC”) headquartered in New York notified the Securities Industry and Financial Markets Association in New York that it was experiencing a ransomware attack.
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