Snowflake, a cloud data analysis company, has found itself under attack from malware, with the result that its customers passwords have been leaked online.

A leading cloud data platform, Snowflake was founded in 2012 and has experienced a rapid rise in the industry, with its current revenue estimated at $2.8 billion. This success has been founded upon innovative data analytics solutions and a number of leading clients such as Santander, Dropbox, and Comcast. For threat actors, Snowflake represents a tempting target, both in terms of the sheer amount of data they hold and financial value. And this is clearly why Snowflake has been attacked.

With threat actors claiming to have stolen hundreds of millions of customer records from Snowflake environments, the attack is clearly a significant one. Perhaps the most interesting aspect of the attack is that it appears to result from a lack of multi-factor authentication.

Cracking the Snowflake Infrastructure

Live Nation, a popular ticket sales service, was the first company to announce that their stolen data had been hosted on the Snowflake platform. Other Snowflake customers have come forwards to acknowledge a breach but are yet to name Snowflake as the hosts for this data. The attack appears to have been fueled by info-stealing malware, with the attack targeting PCs which had access to their organization’s Snowflake network.

How the initial attack was instigated remains unclear, but Snowflake has revealed that a demo account, protected with nothing more than a username/password combination, had been recently compromised. Whether this gave the threat actors direct access to Snowflake customer accounts is unknown, although it does point towards the threat actors establishing an early foothold. Snowflake has also disclosed that each customer is put in charge of their own security, and multi-factor authentication isn’t automatically enabled. This, Snowflake states, is how threat actors succeeded in hacking the compromised accounts.

Snowflake has advised all of its customers to switch on multi-factor authentication, but it appears to be too late for many. Whole lists of Snowflake customer credentials can be found available on illegal websites, with this data including email addresses alongside username/password combinations. Ticketmaster, another ticket sales platform, has been reported of having close to 560 million customer records compromised. This is a huge data breach, and one which has deservedly earned headlines.

The Importance of Multi-Factor Authentication

For Snowflake to have selected multi-factor authentication as an optional function, rather than a default security measure, is negligent. Regardless of this negligence, it’s also the responsibility of the compromised accounts to double check the available security measures. Therefore, to stay safe in the future, always carry out the following when working with external hosting providers for your data:

For more ways to secure and optimize your business technology, contact your local IT professionals.

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Be aware, your files are under threat from a new variant of the Phobos ransomware. And it’s being distributed by threat actors using the SmokeLoader trojan.  

The Phobos ransomware was first detected in 2017 and, since then, has gone on to be used in numerous cyber-attacks. This new variant, however, is slightly different and more sophisticated than previous incarnations. The threat actors behind the new variant are believed to be the same team behind the 8Base ransomware syndicate, a powerful cybercrime operation

As you know, any form of ransomware is dangerous, but one which is as clever and cunning as Phobos requires special attention. Luckily, Ophtek are here to provide you with all the advice you need. 

The SmokeLoader Campaign 

The SmokeLoader trojan is typically used to deliver the 8Base team’s variant of Phobos. A trojan is employed as the launchpad as Phobos, on its own, does not have the capability to breach a PC’s defenses. SmokeLoader operates by disguising itself within spam email campaigns and relies on social engineering techniques to unleash its malicious payload. Once SmokeLoader has been activated, it begins loading the Phobos ransomware. 

And Phobos presents a very persistent and effective threat. It starts by identifying target files and automatically ends any processes which are accessing the files. From here, Phobos’ next step is to disable the PC’s system recovery tool, which ensures the victim is unable to roll back their PC to a pre-infection stage. Finally, before encrypting any files, Phobos makes a point of deleting any backups and shadow copies. Rest assured that Phobos doesn’t want to give you any chance of retrieving your files without paying a ransom. 

What’s notable about this strain of Phobos is its encryption speed. Instead of fully encrypting all files, it only focuses on completing this on files under 1.5MB in size. Anything over this file size is only partially encrypted. Phobos alerts its victims to its encryption activities by issuing a ransom note on the infected system. This ransom note explains that the only way to decrypt the files is by making a payment in Bitcoin. And this payment is dependent on how quickly contact is made. 

Staying Safe from SmokeLoader and Phobos 

The financial damages arising from ransomware continue to rise and rise, so it’s crucial that you keep one step ahead of these attacks. The best way to stay safe is by following these best practices: 

  • Understand social engineering: the Phobos attack, and many other ransomware attacks, are only able to initiate themselves due to victims falling for social engineering scams. Therefore, it’s vital your staff understand what social engineering is and how to combat it. For example, if an email sounds too good to be true, it probably is. And the best thing to do with a suspicious email is to take a deep breath and think long and hard before clicking any links. 

For more ways to secure and optimize your business technology, contact your local IT professionals

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