Catalin Cimpanu, writing for ZDNet: For many years, the Microsoft Security Intelligence Report has been the gold standard in terms of providing a yearly overview of all the major events and trends in the cyber-security and threat intelligence landscape. While Microsoft unceremoniously retired the old SIR reports back in 2018, the OS maker appears to have realized its mistake, and has brought it back today, rebranded as the new Microsoft Digital Defense Report. Just like the previous SIR reports, Microsoft has yet again delivered. Taking advantage of its vantage points over vast swaths of the desktop, server, enterprise, and cloud ecosystems, Microsoft has summarized the biggest threats companies deal with today in the face of cybercrime and nation-state attackers. The report is 88 pages long, includes data from July 2019 and June 2020, and some users might not have the time to go through it in its entirety. Below is a summary of the main talking points, Microsoft’s main findings, and general threat landscape trends.

[…] But, by far, the most disruptive cybercrime threat of the past year have been ransomware gangs. Microsoft said that ransomware infections had been the most common reason behind the company’s incident response (IR) engagements from October 2019 through July 2020. And of all ransomware gangs, it’s the groups known as “big game hunters” and “human-operated ransomware” that have given Microsoft the most headaches. These are groups that specifically target select networks belonging to large corporations or government organizations, knowing they stand to receive larger ransom payments. Most of these groups operate either by using malware infrastructure provided by other cybercrime groups or by mass-scanning the internet for newly-disclosed vulnerabilities. In most cases, groups gain access to a system and maintain a foothold until they’re ready to launch their attacks. However, Microsoft says that this year, these ransomware gangs have been particularly active and have reduced the time they need to launch attacks, and especially during the COVID-19 pandemic. “Attackers have exploited the COVID-19 crisis to reduce their dwell time within a victim’s system â” compromising, exfiltrating data and, in some cases, ransoming quickly â” apparently believing that there would be an increased willingness to pay as a result of the outbreak,” Microsoft said today. “In some instances, cybercriminals went from initial entry to ransoming the entire network in under 45 minutes.”

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Source: Slashdot – Microsoft: Some Ransomware Attacks Take Less Than 45 Minutes

Apple is trying to delay a legal fight over allegedly stolen blood-oxygen monitoring technology in its latest watch so it can gain a more dominant share of the smartwatch market, medical-sensor maker Masimo said in a court filing late Monday. From a report: Blood-oxygen monitoring is a key feature of the latest Apple Watch Series 6 announced on Sept. 15. Masimo and its spinoff Cercacor Laboratories had sued in January, accusing Apple of promising a working relationship only to steal secret information and hire away key employees, including Cercacor’s former chief technology officer and Masimo’s chief medical officer. Cupertino, California-based Apple hasn’t formally responded to the allegations. Instead, it has filed requests to dismiss the trade-secret part of the case and earlier this month lodged petitions to have Masimo patents invalidated at the U.S. Patent and Trademark Office. Apple wants the trial court in Santa Ana, California, to keep the civil suit on hold until those issues are resolved. Postponing the case “would allow Apple to seize on a critical window of opportunity to capture an emerging field,” Masimo said in the filing Monday. “Just as it has done in numerous other markets, Apple seeks to use its considerable resources and ecosystem to capture the market without regard” to Masimo’s patents, the sensor-maker said.

Read more of this story at Slashdot.

Source: Slashdot – Apple Accused of Delaying Masimo Legal Fight To Gain Watch Sales

The Trump administration’s campaign against TikTok gets all the headlines, but the U.S. move last week to place restrictions on Semiconductor Manufacturing International Corp. (SMIC), China’s top chipmaker, could end up making a greater difference. From a report: Semiconductor analysts say SMIC represented China’s strongest bid to build a domestic chip industry and bolster its tech independence. Sanctions that cut off its access to advanced manufacturing and testing equipment from the U.S. could seriously set that effort back. The Commerce Department sent a letter Friday to U.S. semiconductor firms telling them they would need licenses to export some kinds of equipment to SMIC because anything they sold the company might be subject to “diversion to a military end use.” SMIC denies any relationship with China’s military.

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Source: Slashdot – US-China Fight Spreads To the Chip Factory