RUMOR: U.S. STOCK EXCHANGES MAY NOT OPEN MONDAY; CHINA HACK OF MICROSOFT SOFTWARE . . .

NATION NEWS DESK 06 MARCH 2021

There are widespread and persistent RUMORS that the government may ORDER U.S. Stock Exchanges to NOT OPEN this coming Monday due to some massive security breach of Microsoft Exchange software.

At least 30,000 organizations across the United States — including a significant number of small businesses, towns, cities and local governments — have over the past few days been hacked by an unusually aggressive Chinese cyber espionage unit that’s focused on stealing email from victim organizations, multiple sources say.

The espionage group is exploiting four newly-discovered flaws in Microsoft Exchange Server email software, and has seeded hundreds of thousands of victim organizations worldwide with tools that give the attackers total, remote control over affected systems.

On March 2, Microsoft released emergency security updates to plug four security holes in Exchange Server versions 2013 through 2019 that hackers were actively using to siphon email communications from Internet-facing systems running Exchange.

In the three days since then, security experts say the same Chinese cyber espionage group has dramatically stepped up attacks on any vulnerable, unpatched Exchange servers worldwide.

In each incident, the intruders have left behind a “web shell,” an easy-to-use, password-protected hacking tool that can be accessed over the Internet from any browser. The web shell gives the attackers administrative access to the victim’s computer servers.

Speaking on condition of anonymity, two cybersecurity experts who’ve briefed U.S. national security advisors on the attack said the Chinese hacking group thought to be responsible has seized control over “hundreds of thousands” of Microsoft Exchange Servers worldwide — with each victim system representing approximately one organization that uses Exchange to process email.

Microsoft said the Exchange flaws are being targeted by a previously unidentified Chinese hacking crew it dubbed “Hafnium,” and said the group had been conducting targeted attacks on email systems used by a range of industry sectors, including infectious disease researchers, law firms, higher education institutions, defense contractors, policy think tanks, and NGOs.

Microsoft’s initial advisory about the Exchange flaws credited Reston, Va. based Volexity for reporting the vulnerabilities. Volexity President Steven Adair said the company first saw attackers quietly exploiting the Exchange bugs on Jan. 6, 2021, a day when most of the world was glued to television coverage of the riot at the U.S. Capitol.

But Adair said that over the past few days the hacking group has shifted into high gear, moving quickly to scan the Internet for Exchange servers that weren’t yet protected by the security updates Microsoft released Tuesday.

“We’ve worked on dozens of cases so far where web shells were put on the victim system back on Feb. 28 [before Microsoft announced its patches], all the way up to today,” Adair said. “Even if you patched the same day Microsoft published its patches, there’s still a high chance there is a web shell on your server. The truth is, if you’re running Exchange and you haven’t patched this yet, there’s a very high chance that your organization is already compromised.”

Reached for comment, Microsoft said it is working closely with the U.S. Cybersecurity & Infrastructure Security Agency (CISA), other government agencies, and security companies, to ensure it is providing the best possible guidance and mitigation for its customers.

“The best protection is to apply updates as soon as possible across all impacted systems,” a Microsoft spokesperson said in a written statement. “We continue to help customers by providing additional investigation and mitigation guidance. Impacted customers should contact our support teams for additional help and resources.”

Meanwhile, CISA has issued an emergency directive ordering all federal civilian departments and agencies running vulnerable Microsoft Exchange servers to either update the software or disconnect the products from their networks.

Adair said he’s fielded dozens of calls today from state and local government agencies that have identified the backdoors in their Exchange servers and are pleading for help. The trouble is, patching the flaws only blocks the four different ways the hackers are using to get in. But it does nothing to undo the damage that may already have been done.

By all accounts, rooting out these intruders is going to require an unprecedented and urgent nationwide clean-up effort. Adair and others say they’re worried that the longer it takes for victims to remove the backdoors, the more likely it is that the intruders will follow up by installing additional backdoors, and perhaps broadening the attack to include other portions of the victim’s network infrastructure.

Security researchers have published several tools for detecting vulnerable servers. One of those tools, a script from Microsoft’s Kevin Beaumontis available from Github.

Tens of thousands of servers are now widely believed to be completely compromised.  With these servers having lost control to Chinese hackers, systems all over the United States could be altered, shut off, data stolen.   Significant portions of many major corporations and “most” governments, could be ground to a halt.

This is an actual, national security emergency.  The fallout from this could be catastrophic. (Click to Source)

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