Web Application Firewalls (WAFs) have become a go-to security tool for organizations looking to protect their websites & web applications from a whole host of cyberattacks. WAFs can effectively block many types of attacks, including cross-site scripting (XSS), SQL injection, and more. But what if we told you that your organization's web applications and APIs may still be at risk even if you have a WAF in place? 


In this blog post, we'll know the reasons why even with WAF, your organization is not safe! 


### WAFs are not foolproof: 
While WAFs work by looking for known patterns or indicators of attacks in incoming traffic and blocking requests that match these patterns. However, hackers are also leveraging new techniques to bypass WAFs, making it difficult for WAFs to keep up with the ever-evolving threat landscape

For example, an attacker can use obfuscation techniques to hide malicious payloads or encode payloads to evade pattern-based detection. Additionally, an attacker can use a slow attack rate or make slight variations to bypass WAFs' rate-limiting rules. In some cases, attackers can bypass WAFs entirely by exploiting application logic flaws that are outside the scope of WAFs.

### WAFs do not protect against all types of attacks: 
WAFs help protects against common web-based attacks, but do not provide comprehensive attacks. 
For example, WAFs are not designed to protect against attacks that primarily target the application vulnerability, such as code injection or misconfigured servers. They also do not protect against attacks that target users directly, such as phishing or social engineering.



### WAFs can cause false positives: 
WAFs can often generate false positives, blocking legitimate traffic and preventing users from accessing your application. False positives can occur due to various reasons, such as misconfiguration, inadequate rules, or unanticipated traffic patterns. For example, if you have an e-commerce website, a sudden surge in traffic during holiday sales might trigger a false positive and block legitimate traffic, leading to frustration among users and can also cause operational issues for your organization.



Therefore, WAFs can be an important part of your application security strategy but shouldn't be relied upon as the sole means of protecting your application highlighting the imperativeness of adopting a comprehensive tool that manages it all from a single platform without any hiccups. 

This brings us to [Threatspy](https://bit.ly/3PV3C4M), which enables teams to proactively manage known, unknown, and third-party vulnerabilities inside their applications by automating the detection, prioritization, and remediation process. It uses a heuristic approach to identify vulnerabilities and prioritize them with a custom-built Reachability Framework, providing a Security Posture score based on contextual analysis, allowing your organization to take a more comprehensive and effective approach towards protecting your applications & APIs from the inside out. 

Experience Threatspy in action with our [free trial!](https://www.secureblink.com/threatspy#join-waitlist) 


Learn why relying solely on WAFs for application security is not enough. Discover the importance of Threatspy in managing known, unknown, & third-party vulnerabilities

Even With Web Applications Firewall Your Organization Is Not Safe?

Application Security 

Application security scanning is a process used to identify security vulnerabilities in applications. Heuristic scanning is a type of application security scanning that uses rules and algorithms to identify security vulnerabilities in an application. This is different from signature-based scanning, which uses predefined signatures to detect possible vulnerabilities. In this [blog](https://bit.ly/3Xfos1A), we will understand what heuristic application security scanning is and how it is different from traditional signature-based application security scanning.

## Heuristic Application Security Scanning

Heuristic application security scanning does not need a database to detect vulnerabilities. This type of application security scanning uses rules and algorithms to identify vulnerabilities that signature-based scanning methods may not detect. This is why it is able to identify zero-day vulnerabilities, the ones that have been disclosed but don't have any available patch or fix, classifying them under the category of unknown vulnerabilities. 

## Signature-Based Application Security Scanning

Signature-based scanning is a traditional application security scanning process primarily used to identify known vulnerabilities by searching for predefined signatures. These scanners rely on a database of signatures, and their checks depend only on non-reliable criteria, such as the version details and numbers of the target web application, file paths, and directory structures, etc. due to that, they are more prone to reporting false positives in detecting vulnerabilities. This means they are ineffective at defending against ever-evolving attacks, constantly being updated to evade detection.

## Conclusion

In conclusion, both heuristic application security scanning and signature-based application security scanning play a crucial role in the overall security of applications against modern threats. By using both methods to scan for vulnerabilities, organizations can ensure the overall security of applications.

So we have developed [Threatspy](https://bit.ly/3Woo7JN), a Heuristic AppSec Management Platform that enables an organization to proactively address the known, unknown & third-party vulnerabilities associated with their applications by adaptively automating the detection, prioritizations, and remediation process before threat actors exploit them.

By staying attuned to the latest application security trends, organizations can outperform without worrying about their web applications and keep them safe from ever-evolving threats.

Want to take the very first step towards integrating Heuristic Approach in your application security? Then [head over to request a demo](https://bit.ly/3PV3C4M) to witness Threatspy in action!



In this blog, we discuss the underlying concepts of the Heuristic Application Security Scanning and how it can be leveraged to address ever-evolving application security issues real quick!

Heuristic Application Security Scanning Explained

SaaS application's radical transformation proliferating the growth of businesses in varying verticals doesn't conceal the underlying security risks. Our research suggests that the amalgamation of remote work transition, shortage of security professionals, and even the inbuilt SaaS application complexity propelled CIOs & CISOs to prioritize SaaS application security before anything else.

We have prepared a tailored set of best practices by introducing our SaaS Application Security Checklist. It is based on our extensive findings throughout our threat research in order to equip the organizations to decipher the intricacies of SaaS Applications Security.




### Our Comprehensive SaaS Application Security Checklist 



**Bridging Concealed Configuration Gaps:** 

More than 55% of companies have had sensitive data exposed over the public network, often due to unknown misconfiguration lapses. The configurability that makes SaaS Applications robust is also a viable cause of exploitation if not closely monitored & addressed. Gaining unified visibility becomes highly imperative for effectively configuring the SaaS Application to keep the underlying operations risk-free from any external threats.



**Disable Legacy Authentication Protocols:** 

Many failed login attempts are due to legacy authentication, which does not support multi-factor authentication (MFA). Even if multi-factor authentication (MFA) is enabled for the directory, an attacker might still get unauthorized access by utilizing an older authentication method. A total ban on authentication requests from legacy protocols is the most effective measure you can take to prevent your environment from being exploited by fraudsters.



**Enforce High Levels Of Security Authentication:** 

An account is 99.9% less likely to be compromised if you use MFA as an integral part of the enhanced authentication process. Access control for SaaS resources can be difficult to establish because of the several methods by which cloud providers can handle authentication. 



**Monitor & Analyze Conditional Access Policies:** 

Many intrusions primarily rely on exploiting vulnerabilities in conditional access controls, such as by creating new exceptions or implementing exception rules. Considering the potential depth and complexity of these rules, it is essential to validate rules and enable continuous monitoring. Always be on the lookout for IP address blocking updates and exceptions.



**Evaluate Third-Party Access:** 

Integrations and third-party applications are frequently installed with elevated permissions and can serve as entry points for horizontal privilege escalation to other SaaS platforms. Ensure all third-party access to applications is processed, authorized, and utilized. Granting permissions and data access to third-party applications according to the principle of least privilege and removing access as soon as it is no longer required can reduce the danger of a compromise by a third party.


**Determine User Access Data Management:** 

As ransomware attacks expand and the toolsets used to execute them become more widely dispersed, the use of least-privilege access provides more security. Better safeguarding of all data sets in the best possible manner via the use of data access modeling and analysis of third-party applications.


**Keep An Eye Out For Red Flags:** 

Be wary of excessive failures and password spraying. Protect yourself by checking threat intelligence streams for signs of compromised accounts. If you can detect unauthorized actions quickly, you can react and mitigate the situation more effectively.





SaaS applications become primarily responsible for running multiple critical business functions across cross-platforms. Thus its overall security often remains critical & complex with the advent of newer tech stacks. Therefore, extending the visibility throughout your SaaS ecosystem by continuously monitoring, addressing misconfigurations, and keeping a close eye on third-party access may hold the potential intrusion attempts at bay. At the same time, your businesses continue to run flawlessly.






### Are you still concerned about your SaaS Application Security?






Let us introduce Threatspy! The absolute platform that addresses all your SaaS application security issues within a few clicks.

If that interests you, please find a suitable time for a meeting [here](https://bit.ly/3UahQ3m) to experience Threatspy in action!



Seamlessly prioritize your SaaS application security with our tailored checklist of best practices for reducing the application security risk…

SaaS Application Security Best Practices For Modern Businesses 

SaaS

BreachForums, a notorious online criminal marketplace and stolen-data bazaar, has reportedly shut down for good following the arrest of its alleged chief administrator. The site quickly rose in popularity after a similar stolen-data bazaar, RaidForums, was shut down. However, the FBI and Department of Homeland Security recently arrested Conor Brian Fitzpatrick, also known as "pompompurin," the administrator of BreachForums. In a recent court document, Fitzpatrick confessed to running the illicit souk.

## Shut Down for Good

Following the arrest of Fitzpatrick, the site's second admin, "baphomet," declared the forum and stolen-data-mart not safe and posted a message on the BreachForums channel on Telegram on March 21. Initially, baphomet had indicated that they planned to migrate the forum to new infrastructure to keep it running. However, in a final update on Tuesday, the site's admins wrote that they had confirmed the government likely had access to Fitzpatrick's machine, and shutting down the site was the only option.

## Uncertain Future

According to Flashpoint, a cybersecurity intelligence firm, the site shutdown is a short-term disruption, but it remains unclear what the new forum will look like. Baphomet's latest message indicated that the forum would likely relaunch in another format, but it is unclear whether it would continue in the spirit of Raid or Breach or be something new entirely. Threat actors will likely continue to have an appetite for breached databases, and it remains to be seen if this can be through an alternative venue or requires a new forum entirely.

## The Rise of BreachForums

BreachForums appeared on the dark web shortly after the demise of RaidForums. The site quickly grew in popularity, and its members traded in stolen data and hacking tools. BreachForums became known as a hub for cybercriminals looking to buy and sell stolen data, including usernames, passwords, credit card numbers, and social security numbers.

According to a recent blog post by Flashpoint, BreachForums played a significant role in the monetization of the Chinese data leak in April 2020, which saw the personal data of over 1.8 billion Chinese citizens for sale on the dark web. The forum also hosted several high-profile data breaches, including the Zynga data breach, the Edmodo data breach, and the Comodo Forum data breach.

## The Arrest of Pompompurin

The recent arrest of Conor Brian Fitzpatrick, the alleged chief administrator of BreachForums, has shed new light on the inner workings of the cybercriminal underworld. According to court documents, Fitzpatrick confessed to running the illicit souk and boasted about his profits, claiming to have made over $1.5 million in Bitcoin from the site's operations.

Fitzpatrick's arrest followed a joint operation by the FBI and Department of Homeland Security. The authorities seized several of Fitzpatrick's electronic devices and found evidence linking him to BreachForums. Fitzpatrick now faces several charges, including conspiracy to commit computer fraud and abuse, conspiracy to commit wire fraud, and aggravated identity theft.

## The Future of Cybercrime

The shutdown of BreachForums is a significant victory for law enforcement, but it is unlikely to stop cybercriminals from finding new ways to monetize stolen data. As cybersecurity intelligence firms have noted, cybercriminals will continue to have an appetite for breached databases, and it remains to be seen if a new forum will emerge to fill the void left by BreachForums.

According to Brett Callow, a threat analyst at Emsisoft, "I have no idea what will replace BreachForums, but you can bet your bottom dollar that it will be replaced." Cybercrime is a lucrative business, and as cybersecurity measures improve, criminals will always look for new ways to exploit vulnerabilities and make a profit. The shutdown of BreachForums is just a temporary setback for cybercriminals, and they will undoubtedly find new platforms to buy and sell stolen data.

This is not the first time that online criminal marketplaces have been shut down by law enforcement agencies, and it won't be the last. As technology evolves and cybercriminals become more sophisticated, it becomes increasingly difficult for authorities to keep up with the latest threats. However, recent arrests such as that of Conor Brian Fitzpatrick, the alleged chief administrator of BreachForums, show that law enforcement agencies are making progress in their fight against cybercrime.

The shutdown of BreachForums also highlights the importance of cybersecurity for businesses and individuals. The stolen data that was sold on the site was obtained through various means, including phishing attacks, malware infections, and data breaches. It's essential to implement strong cybersecurity measures, such as using multi-factor authentication, keeping software up to date, and backing up data regularly, to protect against these threats.

The shutdown of BreachForums and the possible emergence of new platforms also raise questions about the role of technology companies in preventing cybercrime. Tech giants such as Google, Facebook, and Twitter have been criticized in the past for not doing enough to tackle online crime. However, as more companies become aware of the risks and consequences of cybercrime, they are taking steps to improve their cybersecurity measures and work more closely with law enforcement agencies.

In conclusion, the shutdown of BreachForums is a reminder of the ongoing threat posed by cybercriminals and the importance of robust cybersecurity measures. It also highlights the need for increased collaboration between technology companies, law enforcement agencies, and cybersecurity experts to combat online crime. While the emergence of new platforms for cybercriminals


BreachForums admin decided to shut down the website, fearing the arrest of the cybercrime marketplace’s leader allowed the feds to access secured systems.

BreachForums Encounters End! Following the Abrupt Shut Down by Admin

Italian luxury sports car maker Ferrari has disclosed a data breach after attackers gained access to some of its IT systems and demanded a ransom. The company has confirmed that sensitive customer data, including names, addresses, email addresses, and telephone numbers, has been exposed in the incident. Although Ferrari has yet to find evidence of any payment details or sensitive payment information being accessed or stolen, the cyberattack is a worrying reminder of the ongoing threat posed by hackers.

## Attackers Demand Ransom After Accessing Ferrari's IT Systems

Ferrari [confirmed](https://www.ferrari.com/en-EN/corporate/articles/cyber-incident-in-ferrari), the cyberattack in a statement, stating that a threat actor had contacted its Italian subsidiary with a ransom demand related to certain client contact details. Upon receiving the ransom demand, the company immediately launched an investigation in collaboration with a leading global third-party cybersecurity firm.

![Ferrari data breach notification.jpg](https://sb-cms.s3.ap-south-1.amazonaws.com/Ferrari_data_breach_notification_f36839f296.jpg)
***Data Breach Notification***


Ferrari revealed that the attackers could access a limited number of systems within its IT environment. While the extent of the damage is still unclear, it is believed that the attackers were able to gain access to customer data stored on the compromised systems.

## Ferrari Takes Measures to Secure Compromised Systems

After discovering the breach, Ferrari took immediate measures to secure the compromised systems. The company has confirmed that the attack has had no impact on its operations, and it is continuing to work with cybersecurity experts to investigate the scope of the impact.

Ferrari has also reported the attack to relevant authorities and is urging customers to remain vigilant and report any suspicious activity to the company. As a policy, Ferrari has stated that it will not be held for ransom, as paying such demands funds criminal activity and enables threat actors to perpetuate their attacks.

## Sensitive Customer Data Exposed

Exposure to sensitive customer data is a major concern for Ferrari and its customers. The company has confirmed that the customer information exposed in the incident includes names, addresses, email addresses, and telephone numbers. While no evidence of payment details or other sensitive payment information being accessed or stolen has been found, the incident highlights the importance of protecting customer data from cyber threats.

Ferrari has apologized to its customers for the incident and assured them that it is taking all necessary measures to prevent such incidents from occurring in the future. The company also offers affected customers free identity theft protection services and credit monitoring for a limited period.

## The Ongoing Threat Posed by Hackers

The cyberattack on Ferrari is a reminder of the ongoing threat posed by hackers and cybercriminals. With more and more businesses relying on digital technology and the internet to conduct their operations, the risk of cyberattacks is only increasing. Companies need to remain vigilant and take proactive measures to protect their IT systems and sensitive customer data from cyber threats.

Ferrari has previously faced other cybersecurity incidents, including an [NFT scam that targeted one of its subdomains](https://bit.ly/3slfnad). In May 2022, hackers hijacked the forms.ferrari.com subdomain to host a fake NFT collection campaign. The scam claimed Ferrari had released "a collection of 4,458 horsepower NFTs on the Ethereum network" and maliciously persuaded users to purchase NFT tokens. The attackers used an Adobe Experience Manager exploit to compromise the subdomain and collect over $800 in Ethereum before the takedown.



Ferrari discloses data breach after receiving ransom demand. Attackers accessed customer info, but no payment details were stolen. Learn more now


Ferrari Data Breach Exposes Sensitive Information of Millions

Security researchers have identified a new spam campaign of Emotet malware that exploits Microsoft OneNote email attachments to bypass macro-based security restrictions. This comes after [three months of inactivity](https://www.secureblink.com/cyber-security-news/emotet-resurrected-after-3-months-with-a-new-emails-phishing-campaign) before its resurrection.
Emotet is a sophisticated banking Trojan that steals sensitive information, spreads via email spam campaigns, and has been used as a malware delivery tool to distribute ransomware, banking Trojans, and other malicious payloads. This [Threatfeed](https://www.secureblink.com/cyber-security-news) will analyze the technical aspects of the Emotet campaign and how it uses Microsoft OneNote attachments to compromise systems.

### Emotet Campaign Leveraging Malicious OneNote Attachments

Emotet was initially a [derivative](https://www.blackberry.com/us/en/solutions/endpoint-security/ransomware-protection/dridex) of the [Cridex](https://securelist.com/dridex-a-history-of-evolution/78531/) [banking worm](https://services.global.ntt/en-au/insights/blog/dridex-and-emotet-infrastructure-overlaps), which was [replaced](https://www.cisa.gov/news-events/cybersecurity-advisories/aa19-339a) by Dridex around the same time GameOver Zeus was disrupted in 2014. [Emotet](https://www.secureblink.com/cyber-security-news/emotet-reincarnated-through-trickbot's-infrastructure) has since evolved into a potent and resilient threat that has become a _"monetized platform for other threat actors to run malicious campaigns on a pay-per-install model."_ This allows for the theft of sensitive data and ransom extortion. Despite attempts by law enforcement to shut it down, Emotet has persisted, with multiple periods of inactivity occurring each year.

![Emotet at OneNote.jpg](https://sb-cms.s3.ap-south-1.amazonaws.com/Emotet_at_One_Note_d9fc556e31.jpg)
***Emotet Campaign***

Towards the end of 2021, Emotet, a type of dropper malware, resurfaced, aided by [TrickBot](https://www.secureblink.com/cyber-security-news/trickbot-is-going-through-a-transformational-transition-into-a-new-malware), another malware strain. Emotet typically spreads through spam emails containing malicious attachments. However, Microsoft's macro-blocking measures for downloaded Office files have forced the attackers to find new ways to distribute their malware. As a result, OneNote attachments have become an [attractive alternative](https://www.huntress.com/blog/addressing-initial-access) for them.

Meanwhile, a security researcher named Abel [detected](https://twitter.com/abel1ma/status/1636121052526039040) a new Emotet spam campaign. In this campaign, the attackers sent out malicious emails that contained OneNote attachments disguised as guides, how-to documents, invoices, job references, and other types of files. These emails were designed to look like replies to earlier communications, making them appear legitimate and trustworthy.

![Emotet-phishing-email.jpg](https://sb-cms.s3.ap-south-1.amazonaws.com/Emotet_phishing_email_d1f8e1ad57.jpg)
***Spam Email Sample of Emotet***

According to [Malwarebytes](https://www.malwarebytes.com/blog/threat-intelligence/2023/03/emotet-onenote), the OneNote file is simple but effective in social engineering users with a fake notification that the document appears to be password-protected. When instructed to double-click the View button, victims will inadvertently double-click on an embedded script file instead.

![showing-embedded-file.jpg](https://sb-cms.s3.ap-south-1.amazonaws.com/showing_embedded_file_ac69a685db.jpg)
***Malicious OneNote Attachment***


## Hidden Malicious VBScript

When the user clicks on the 'View' button, a hidden VBScript file called 'click.wsf' is executed, which downloads and executes the Emotet malware. The VBScript file is hidden underneath a design element of the Microsoft OneNote document. Microsoft OneNote allows you to create documents that contain design elements that overlay an embedded document. However, double-clicking on the location of the embedded file, even if there is a design element over it, launches the file.


![microsoft-onenote-attachment.jpg](https://sb-cms.s3.ap-south-1.amazonaws.com/microsoft_onenote_attachment_008c946688.jpg)
***Microsoft OneNote Attachment Conceals click.wsf***


The VBScript file contains a heavily obfuscated script that downloads a DLL from a remote, likely compromised website and executes it. If the user clicks on the 'OK' button to get rid of the alert, the embedded click.wsf VBScript file will be executed using WScript.exe from OneNote's Temp folder, which will likely be different for each user. The script then downloads the Emotet malware as a DLL and stores it in the same Temp folder. Finally, it launches the random named DLL using regsvr32.exe.


![click_wsf-vbscript.jpg](https://sb-cms.s3.ap-south-1.amazonaws.com/click_wsf_vbscript_87433259c3.jpg)
***click.wsf VBScript file***



![Microsoft OneNote Warning Prompt.jpg](https://sb-cms.s3.ap-south-1.amazonaws.com/Microsoft_One_Note_Warning_Prompt_6f85d785c9.jpg)
***Alert Prompt of Microsoft OneNote***


The Windows Script File (WSF) is engineered to retrieve and execute the Emotet binary payload from a remote server. Similar findings have been echoed by Cyble, [IBM X-Force](https://exchange.xforce.ibmcloud.com/threats/guid:7ad7053de0ccf1eb06b272bd3deb0fa5), and [Palo Alto Networks Unit 42](https://twitter.com/Unit42_Intel/status/1636739251277647874). However, Emotet still employs social engineering lures to entice users into enabling macros to activate the attack chain. Such documents have been observed to leverage a technique called a decompression bomb to conceal a large file (over 550 MB) within ZIP archive attachments to fly under the radar, according to multiple reports from [Cyble](https://blog.cyble.com/2023/03/17/recent-emotet-spam-campaign-utilizing-new-tactics/), [Deep Instinct](https://www.deepinstinct.com/blog/emotet-again-the-first-malspam-wave-of-2023), [Hornetsecurity](https://www.hornetsecurity.com/en/press-releases/dangerous-new-instance-of-emotet/), and [Trend Micro](https://www.trendmicro.com/en_us/research/23/c/emotet-returns-now-adopts-binary-padding-for-evasion.html).



## Threat Actors' Flexibility and Agility

The latest development in the Emotet threat is a sign of the operators' flexibility and agility in switching attachment types for initial delivery to evade detection signatures. This trend is not limited to Emotet but extends to other malware, as threat actors are also using OneNote documents to distribute a wide range of malware such as AsyncRAT, Icedid, RedLine Stealer, Qakbot, and XWorm.




## Impact of Emotet Malware

Once the Emotet malware is installed, it steals email and contact information and waits for further commands from the command and control server. The campaign is likely to drop additional payloads, such as Cobalt Strike or other malware that allows threat actors to gain access to the compromised device and spread further in the network. Emotet has been used extensively as a malware delivery tool to distribute ransomware, banking Trojans, and other malicious payloads.

## Protecting against Malicious OneNote Attachments

Microsoft OneNote has become a significant malware distribution problem, with multiple malware campaigns using these attachments. While Microsoft is adding [improved protections in OneNote against phishing documents](https://www.secureblink.com/cyber-security-news/one-note-attachments-hackers-new-weapon-to-spread-malware), Windows admins can configure group policies to protect against malicious Microsoft OneNote files.

![OneNote Attachment Blocked.jpg](https://sb-cms.s3.ap-south-1.amazonaws.com/One_Note_Attachment_Blocked_4b3d291065.jpg)
***Protection Added on Microsoft OneNote Documents***


Admins can use these group policies to block embedded files in Microsoft OneNote altogether or allow specific file extensions to be blocked from running. Windows admins should utilize these options until Microsoft adds further protections to OneNote.


## Targeted Sectors & Geographies

Trellix [reports](https://www.trellix.com/en-us/about/newsroom/stories/research/qakbot-evolves-to-onenote-malware-distribution.html) that in recent years, the United States, South Korea, Germany, Saudi Arabia, Poland, India, the United Kingdom, Italy, Japan, and Croatia have been the countries with the highest number of reported OneNote detections. Additionally, the manufacturing, high-tech, telecom, finance, and energy industries are increasingly being targeted by these malicious attacks.

## Spam Email Campaigns Went Too Far!

Emotet malware campaigns are using Microsoft OneNote email attachments to bypass macro-based security restrictions. This campaign is likely to drop additional payloads, leading to significant damage and data breaches. Windows admins must protect their systems against malicious OneNote attachments by configuring group policies to block embedded files in Microsoft OneNote or allow specific file extensions to be blocked from running. While Microsoft is working on improving the protections in OneNote, Windows admins must take immediate action to prevent malware attacks."







Emotet, a notorious and persistent malware, has recently resurfaced after a brief hiatus, and it is now being distributed via Microsoft OneNote email attachments...

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