Microsoft's email software hack in jersey – are you ready for the JFSC and JOIC questions
12/03/2021
The following story requires immediate action. Many firms in Jersey have been affected. And I'm sure both the JFSC and JOIC will follow up on this matter.
Microsoft's email software exploited by hackers compromising thousands of sites globally.
Originally businesses were being targeted, but once the criminals found out the vulnerabilities would be patched, they upped their attacks and went after every Microsoft Exchange server that was on. Organisations in the Channel Islands using Microsoft Exchange servers for emails are vulnerable. All internet-facing Exchange servers should be patched if not already done so.
Patching is too late if an organisation has already been compromised. Firms need to find out if their systems have been compromised and secure them appropriately. If these systems have been compromised, they need to be isolated, forensics applied and ultimately rebuilt.
Being compromised is serious as data and credentials may have already been stolen.
Attacks such as this remind us all we are vulnerable, whatever the size or location of our business or organisation. Even if an organisation has not been affected, everyone needs to be aware of the increased risk of phishing attacks because of the potential of mass data breaches.
The attack may prompt more organisations to move to cloud-based email servers with automated security and identity management to make monitoring and maintenance more straightforward
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.