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Skepticism towards US cloud storage giants grows in Europe
New research indicates that the majority of Europeans do not trust US cloud storage firms with their personal data. A study conducted by pCloud surveying 4,500 individuals across the UK, France and Germany found that 82% had concerns about storing their personal files with American technology companies.
The skepticism is surprising given that the importance of cloud services has grown markedly of late. The coronavirus pandemic has seen businesses and consumers rely more heavily on cloud solutions to conduct work and social engagements remotely in the era of social distancing, but clearly they are still having difficulty trusting the services that they are using.
Among the respondents' biggest concerns was the possibility that personal data would be used for commercial gain, which was cited by 51% of respondents. The possibility of hacks leading to data breaches was another worry, mentioned by 43%.
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Building trust
“With families, friends and businesses forced apart by coronavirus, we have seen a huge uptake in cloud services to connect people at this most challenging of times,” Tunio Zafer, CEO at pCloud, said. “This study found that 71% of people will use cloud storage and file sharing solutions more in the post-COVID world. However, it is clear that Europe demands better than ‘big tech’ is offering, having been burned one too many times.”
For individuals to feel more comfortable storing their data in the cloud, location is important – having information stored in Europe rather than the US was preferred by 82% of survey respondents. Transparency is also key, with 74% of individuals stating that they like to check the security features of a cloud provider before deciding to use them.
Although the cloud market is experiencing a boom as a result of the pandemic, clearly more could be done to build customer trust. Privacy is evidently a core issue for cloud users, so technology firms, whether they are based in the US or Europe, must do more to prioritize their security features.
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Date
11 Nov 2020Sources
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Read MoreAn initial access broker, working on behalf of the Conti ransomware group (among others), has been targeting hundreds of organizations every day, leveraging a flaw in MSHTML, a proprietary browser engine for Windows, Google’s researchers are saying.
Google’s Threat Analysis Group found a group dubbed “Exotic Lily” working as an initial access broker - breaching target networks, before selling the acquired access to the highest bidder.
Ransomware operators often outsource the initial access efforts, in order to focus entirely on the distribution of the ransomware itself, and the subsequent push towards ransom payment.
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Fake LinkedIn scam
Exotic Lily was relatively advanced in its tactics, and uses “unusual” amounts of gruntwork, for a mass-scale operation, Google claims.
The group would use domain and identity spoofing to pose as a legitimate business, and send out phishing emails, usually faking a business proposal. They would also use publicly available Artificial Intelligence (AI) tools to generate authentic images of humans, to create fake LinkedIn accounts, which would help the campaign’s credibility.
After initial contact has been made, the threat actor would upload malware to a public file-sharing service, such as WeTransfer, to avoid detection by antivirus programs, and increase the chances of delivery to the target endpoint. The malware, usually a weaponized document, exploits a zero-day in Microsoft’s MSHTML browser engine, tracked as CVE-2021-40444. The second-stage deployment usually carried the BazarLoader.
Read moreGoogle’s researchers believe the group stands alone, and works for the higher bidder. So far, it’s been linked to Conti, Diavol, a swell as Wizard Spider (an alleged operator for the Ryuk ransomware).
Exotic Lily was first spotted in September last year, and at peak performance, is able to send out more than 5,000 phishing emails to more than 650 organizations, Google claims. It seems the threat actor focuses mostly on firms in IT, cybersecurity, and healthcare, although it’s been casting a somewhat larger net, as of lately.
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