Strat Cyber Advisors · Executive Briefing
This Week in Cyber Risk
Week of October 26, 2026 · Covers October 18–October 26, 2026
The bottom line
- The PHP flaws are this week's most urgent exposure. Agencies warned that the vulnerabilities could let attackers take over web servers, and reports say attack attempts number in the millions even though successful compromises were described as slower than expected.
- Attackers are using AI to work faster and at lower cost. This week's reporting links AI tooling to a large attack on Microsoft 365 tenants and to cheap, large-scale campaigns, and CrowdStrike warned that low-skilled attackers will become more dangerous.
- Software supply chains and vendors are the weak point. Attacks this week reached organizations through developer tools, a backup service and third-party-managed systems, so vendor access and credential hygiene need board-level attention.
Act first
Newly confirmed as actively exploited
These were added to CISA's Known Exploited Vulnerabilities catalog this week. Attackers are already using them, so they belong at the top of any patch queue.
| Added | Product | Issue | CVE |
|---|---|---|---|
| Oct 23 | Arista VeloCloud Orchestrator | SQL injection | CVE-2026-114625 |
| Oct 23 | Collabora Collabora Online – Built-in CODE Server | OS command injection | CVE-2026-110447 |
| Oct 20 | EG Secure Solutions SiteGuard Server Edition | OS command injection | CVE-2026-106931 |
| Oct 20 | Plex Media Server | Control of file name or path | CVE-2026-96656 |
| Oct 20 | Plex Media Server | Server-side request forgery | CVE-2026-96655 |
| Oct 20 | Plex Media Server | Improper handling of encoded URIs | CVE-2026-96654 |
| Oct 20 | Plex Media Server | Server-side request forgery | CVE-2026-96652 |
| Oct 20 | Siemens Software Center | Uncontrolled search path | CVE-2026-110936 |
Threat landscape
Incidents and threat activity
Critical PHP flaws put most websites at risk, and attack attempts are surging
US agencies urged fixes for flaws in PHP that could expose data and let attackers seize control of servers, and some government agencies urged taking sites offline until they were fixed. Cloudflare reported millions of exploitation attempts, while researchers said successful compromises have so far been slower than expected and millions of sites remain exposed.
Sources: Cybersecurity Dive, Krebs on Security, Cybersecurity Dive, Nextgov, Nextgov, MS-ISAC (CIS)China-linked group used an AI tool in ConnectWise cloud backup attack
Microsoft linked the actor, which it tracks as Storm-0940, to the attack and said it used an AI-enabled penetration-testing tool to automate and speed up the intrusions. Reports differ on scale, citing hundreds of Microsoft 365 users and more than 2,200 tenants.
Sources: Cybersecurity Dive, Dark ReadingDeveloper tools hit by supply-chain attacks involving exposed credentials
LiteLLM said a key accidentally exposed in May and never revoked was behind an attack believed to have hit tens of thousands of users last week. Separately, an ongoing campaign called Gheist is reported to be harvesting credentials and sensitive data from thousands of developer repositories.
Sources: The Record, Dark ReadingRussia-linked hackers breached a NATO shipbuilder
Symantec, which discovered the espionage operation, urged companies to scan their networks for signs of compromise.
Source: Cybersecurity Dive
Government and regulation
Policy moves
CISA sets a new strategy while losing a senior vulnerability official
The agency, still recovering from major workforce cuts, promised proactive defense, a review of its services and a yearlong schedule for reporting progress. Separately, its vulnerability response chief is leaving after nearly six years.
Sources: Cybersecurity Dive, Nextgov, NextgovLawmakers press tech firms on election security ahead of midterms
Democratic lawmakers warned social media and AI companies about backsliding on safeguards against false voting information, foreign influence and deceptive AI content. Two senior lawmakers also said Russia is targeting Democrats and Ukraine supporters, with more targeted Chinese influence efforts.
Sources: Nextgov, NextgovDHS AI policy update lets its chief AI officer waive requirements
Experts raised concerns about a new provision allowing waivers of any requirement in the directive, including prohibited use cases. The change is a reminder to check how exceptions are governed in your own AI policies.
Source: FedScoopJudge rules OPM illegally shared employee records with DOGE
The judge found the government gave no credible explanation for why DOGE needed access to personal information of millions of employees.
Source: FedScoop
Compliance
Government regulation watch
New rules, guidance and deadlines for FISMA, FedRAMP, CMMC, the HIPAA Security Rule and other federal cybersecurity programs.
No major items this week.
Board and market
Governance and market signals
Cyber insurance claims are fewer but costlier for large businesses
A new report says AI-powered attacks and hidden supply-chain weaknesses are making insurers' work harder. Insurers are also moving beyond risk transfer and getting more involved in cybersecurity itself, which may affect underwriting expectations.
Sources: Cybersecurity Dive, Dark ReadingAI is making attacks cheaper and easier for less skilled attackers
CrowdStrike warned that low-skilled hackers are likely to become much more dangerous over the next 12 months. Another report describes one campaign targeting 105 sites with open-weight models and another where public models gained full domain control for $12.
Sources: Cybersecurity Dive, Dark ReadingMonitoring AI agents with other AI agents may not reduce risk
Microsoft is adding Guardian Agents to watch and contain anomalous AI agents, but experts warn that policing unpredictable agents with other agents could compound the risk.
Source: Dark ReadingInvestigators suspect ransom negotiators were close to ShinyHunters
Federal investigators reportedly identified executives at two ransomware negotiation firms who kept unusually close relations with the extortion group. Organizations that hire incident-response or negotiation vendors should scrutinize who they trust.
Source: Krebs on Security
For leadership
Questions to ask your team this week
- Have all of our web servers and hosted sites been checked for the PHP flaws and patched, and do we know which are still exposed?
- Do we have a process to find and revoke exposed keys and tokens, including those used in developer tools and code repositories?
- Which third-party vendors and managed services have access to our systems or firmware, and how quickly would we learn of a compromise on their side?
- Are our defenses and insurance coverage keeping pace with cheaper, AI-assisted attacks, and who approves exceptions to our AI policies?
