UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16

OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of May, 2017

 

Commission File Number 000-26495

 

CYREN Ltd.

(Translation of Registrant’s name into English)

 

1 Sapir Road, 5th Floor, Beit Ampa, P.O. Box 4014, Herzliya 46140, Israel

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒     Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):___

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):___

 

 

 

 

 

 

On May 15, 2017, the Registrant issued a press release regarding the WannaCry Ransomware Worm Attack. A copy of the press release is annexed hereto as Exhibit 1 and incorporated herein by reference.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  CYREN Ltd.
(Registrant)
     
Date: May 15, 2017 By: /s/ J. Michael Myshrall
    J. Michael Myshrall
    Chief Financial Officer

 

 

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Exhibit 1

 

 

PRESS RELEASE

 

CUSTOMER UPDATE: Cyren Internet Security Detects,

Blocks WannaCry Ransomware Worm Attack

 

Cyren also discovers file sharing services delivering WannaCry 2.0 ransomware

 

MCLEAN, Va. – May 15, 2017Cyren (NASDAQ: CYRN), a leading internet Security as a Service provider, has issued a Customer Update for all of the company’s customers and partners regarding the recent massive ransomware outbreak known as WannaCry (aka WannaCryptor, Wcrypt, and WannaCrypt). Cyren’s cloud security products fully protect customers and partners from all known variants of the WannaCry ransomware delivered over email or the web.

 

1.Cyren customers are protected from all WannaCry variants and were protected from the initial malware outbreak by Cyren’s SaaS email security gateway, web security gateway, and cloud sandboxing services.

 

2.Cyren Threat Intelligence Services partners are protected from all WannaCry variants and were protected from the initial malware outbreak by our OEM threat intelligence services for anti-spam, anti-malware, anti-phishing, IP reputation, and URL filtering.

 

3.Cyren’s cloud-based platform identified and protected customers from the first early stages of the WannaCry attack. This included detection of the initial vulnerability exploit payload and classification of all related evidence of the attack in email and web, including “kill switch” IP addresses and command & control (C&C) server callbacks.

 

4.Cyren’s cloud has identified over 300 variants of the WannaCry attack to date. Cyren’s cloud automatically classifies any related indicators of the attack, and protects customers from compromised URLs that are used as droppers.

 

5.Cyren’s cloud continues to identify infected URLs as well as malicious IP addresses and the C&C server with which the WannaCry attack communicates.

 

6.Cyren has identified that WannaCry is still being delivered through several file sharing services over HTTPS. 

 

7.More details can be viewed on the Cyren blog at: https://blog.cyren.com/articles/wannacrypt-ransomware-spreads-via-nsa-exploit.html

 

How WannaCry Works

 

On Friday, May 12, a massive ransomware attack called “WannaCry” hit a broad set of organizations in Europe, including the UK National Health Service (NHS) and Spanish telecom firm Telefonica. Cyren’s blog article (https://blog.cyren.com/articles/wannacrypt-ransomware-spreads-via-nsa-exploit.html) provides further detail about the attack and how it works. One of the important things to note is how the attack spreads. Traditionally, ransomware is delivered via email, but this attack appears to have added Worm capabilities to the ransomware, giving it the ability to self-propagate once inside an organisation by spreading from machine to machine using unpatched vulnerabilities in the Windows operating system. Note that, while the initial attack was stopped by a security researcher who was able to shut down a “kill switch” in the malware, new strains of the ransomware are emerging that have removed this functionality. Organizations need to take steps to make sure they protect themselves against both the initial exploit and lateral propation. See Cyren’s guidance on this below.

 

 

 

 

How Customers Can Protect Themselves

 

Patch Windows machines

 

oEnsure that the MS17-010 security update is installed on all Windows machines within an organization. (Security Update for Microsoft Windows SMB Server (4013389). 

 

oThis applies to older systems as well, for which Microsoft has discontinued support. For this specific attack, Microsoft has issued a patch for Windows XP, 8, and Server 2003.

 

oSee also: https://blogs.technet.microsoft.com/msrc/2017/05/12/customer-guidance-for-wannacrypt-attacks/

 

Disable SMBv1

 

oIn line with Microsoft's guidance from 2016, see: https://blogs.technet.microsoft.com/filecab/2016/09/16/stop-using-smb1/, and disable SMBv1 on all Windows systems: https://support.microsoft.com/en-us/help/2696547/how-to-enable-and-disable-smbv1,-smbv2, -and-smbv3-in-windows-vista, -windows-server-2008,-windows-7,-windows-server-2008-r2,-windows-8,-and-windows-server-2012

  

Consider firewalling off access to all file servers

 

oIn January 2017, U.S. CERT recommended the following step in the wake of the release of the Eternal Blue exploit stolen from the U.S. National Security Agency by the Shadow Brokers hacking group: https://www.theregister.co.uk/2017/01/18/uscert_warns_admins_to_kill_smb_after_shadow_brokers_dump/

 

Gateway email and web security

 

oEnsure that all email and web security solutions are up to date and can block malicious emails and malware Command & Control server communications.

 

Beware of emails containing suspicious attachments

 

oBe suspicious of emails from unknown senders containing Office documents, PDFs and JavaScripts, or any other suspicious attachments.

 

oConsider using a sandboxing service to identify evasive malware and zero-day threats.

 

About Cyren

 

Cyren (NASDAQ and TASE: CYRN) protects more than 600 million users against cyber attacks and data breaches through its cloud-based web security, email security, DNS security and cloud sandboxing solutions. Relied upon by many of the world’s largest technology companies such as Dell, Google, McAfee and Microsoft, Cyren offers enterprise-focused security-as-a-service solutions as well as embedded solutions for software and security providers. Cyren’s global cloud security platform processes more than 17 billion daily transactions and uses innovative zero-day protection technology to proactively block over 130 million threats each day. Learn more at www.cyren.com.

 

Blog: blog.cyren.com
Facebook: www.facebook.com/CyrenWeb
LinkedIn: www.linkedin.com/company/cyren
Twitter: www.twitter.com/CyrenInc or twitter.com/cyren_ir

 

Media Contact:
Matthew Zintel
Zintel Public Relations
281.444.1590
matthew.zintel@zintelpr.com

 

 

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