Category Archives: Cyber Threats

Continuing Education On Cyber Threats And Defenses

Anyone who has been in cybersecurity for any length of time knows, the threat landscape is constantly changing and requires regularly monitoring of news, blogs, podcasts, and other ways to ensure you know what is happening today. I have tried to bring this information to the public since starting my monthly threat webinar series in July of 2015. Over the years, I’ve been able to share information about the different aspects of the threat landscape from advanced persistent threats (APT) to zero-day exploits and everything in-between. My focus with these webinars is to share information about how these threats work and the technologies available to defend against them. I regularly have experts join me on these webinars too, so you don’t have to just listen to me all the time.

However, my main goal is to help you better understand what you are up against in your fight against threat actors and their ways of attacking you, your employees, systems and networks. I also ask for requests on topics you want me to cover in the future using a survey option within our webinar platform we use. Each of the webinars is live and allows you to ask questions to be answered either during the live event or afterwards via an email. We also record each of these webinars and you can watch them on-demand, as we know your time is valuable and sometimes you cannot attend it live or you want to share with your colleagues. Note – if you sign up for any of the on-demand webinars, you will receive an email with the upcoming month’s webinar topic. The April 2019 webinar will cover Bug Bounties and How They Help and you can sign up to attend here.

Webinars are one way we can help you stay educated and up-to-date about the industry and what’s happening today, as well as what we expect to happen next. You can also follow our other blogs, like Security Intelligence or Security News, for the latest from Trend Micro Research. We also have great explanatory videos on our Trend Micro YouTube channel.

Feel free to leave a comment below if there are any topics you’d like me to cover in upcoming months or if you simply want to say hello. I look forward to seeing you on one of my next webinars.

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Businesses Beware: Top 5 Cyber Security Risks

Hackers are working hard to find new ways to get your data. It’s not surprising that cyber security risk is top of mind for every risk owner, in every industry. As the frequency and complexity of malicious attacks persistently grows, every company should recognize that they are susceptible to an attack at any time—whether it comes as an external focused attack, or a social engineering attack. Let’s take a look at the top 5 risks that every risk owner should be preparing for.

  1. Your Own Users. It is commonly known, in the security industry, that people are the weakest link in the security chain. Despite whatever protections you put in place from a technology or process/policy point of view, human error can cause an incident or a breach. Strong security awareness training is imperative, as well as very effective documented policies and procedures. Users should also be “audited” to ensure they understand and acknowledge their role in policy adherence. One area that is often overlooked is the creation of a safe environment, where a user can connect with a security expert on any issue they believe could be a problem, at any time. Your security team should encourage users to reach out. This creates an environment where users are encouraged to be part of your company’s detection and response. To quote the Homeland Security announcements you frequently hear in airports, “If you see something, say something!” The biggest threat to a user is social engineering—the act of coercing a user to do something that would expose sensitive information or a sensitive system.
  2. Phishing. Phishing ranks number three in both the 2018 Verizon Data Breach Investigation Report Top 20 action varieties in incidents and Top 20 action varieties in breaches. These statistics can be somewhat misleading. For example, the first item on the Top 20 action varieties in breaches list is the use of stolen credentials; number four is privilege abuse. What better way to execute both of those attacks than with a phishing scam. Phishing coerces a user through email to either click on a link, disguised as a legitimate business URL, or open an attachment that is disguised as a legitimate business document. When the user executes or opens either, bad things happen. Malware is downloaded on the system, or connectivity to a Command and Control server on the Internet is established. All of this is done using standard network communication and protocols, so the eco-system is none the wiser—unless sophisticated behavioral or AI capabilities are in place. What is the best form of defense here? 1.) Do not run your user systems with administrative rights. This allows any malicious code to execute at root level privilege, and 2.) Train, train, and re-train your users to recognize a phishing email, or more importantly, recognize an email that could be a phishing scam. Then ask the right security resources for help. The best mechanism for training is to run safe targeted phishing campaigns to verify user awareness either internally or with a third-party partner like Connection.
  3. Ignoring Security Patches. One of the most important functions any IT or IT Security Organization can perform is to establish a consistent and complete vulnerability management program. This includes the following key functions:
  • Select and manage a vulnerability scanning system to proactively test for flaws in IT systems and applications.
  • Create and manage a patch management program to guard against vulnerabilities.
  • Create a process to ensure patching is completed.

Most malicious software is created to target missing patches, especially Microsoft patches. We know that WannaCry and Petya, two devastating attacks, targeted systems that were missing Microsoft MS17-010. Eliminating the “low-hanging-fruit” from the attack strategy, by patching known and current vulnerabilities or flaws, significantly reduces the attack-plane for the risk owner.

  1. Partners. Companies spend a lot of time and energy on Information Security Programs to address external and internal infrastructures, exposed Web services, applications and services, policies, controls, user awareness, and behavior. But they ignore a significant attack vector, which is through a partner channel—whether it be a data center support provider or a supply chain partner. We know that high-profile breaches have been executed through third partner channels, Target being the most prominent.The Target breach was a classic supply chain attack, where they were compromised through one of their HVAC vendors. Company policies and controls must extend to all third-party partners that have electronic or physical access to the environment. Ensure your Information Security Program includes all third partner partners or supply chain sources that connect or visit your enterprise. The NIST Cyber Security Framework has a great assessment strategy, where you can evaluate your susceptibility to this often-overlooked risk.
  2. Data Security. In this day and age, data is the new currency. Malicious actors are scouring the Internet and Internet-exposed corporations to look for data that will make them money. The table below from the 2018 Ponemon Institute 2018 Cost of a Data Breach Report shows the cost of a company for a single record data breach.

Cost for a Single Record Data Breach

The Bottom Line

You can see that healthcare continues to be the most lucrative target for data theft, with $408 per record lost. Finance is nearly half this cost. Of course, we know the reason why this is so. A healthcare record has a tremendous amount of personal information, enabling the sale of more sensitive data elements, and in many cases, can be used to build bullet-proof identities for identity theft. The cost of a breach in the US, regardless of industry, averages $7.9 million per event. The cost of a single lost record in the US is $258.

I Can’t Stress It Enough

Data security should be the #1 priority for businesses of all sizes. To build a data protection strategy, your business needs to:

  • Define and document data security requirements
  • Classify and document sensitive data
  • Analyze security of data at rest, in process, and in motion
  • Pay attention to sensitive data like PII, ePHI, EMR, financial accounts, proprietary assets, and more
  • Identify and document data security risks and gaps
  • Execute a remediation strategy

Because it’s a difficult issue, many corporations do not address data security. Unless your business designed classification and data controls from day one, you are already well behind the power curve. Users create and have access to huge amounts of data, and data can exist anywhere—on premises, user laptops, mobile devices, and in the cloud. Data is the common denominator for security. It is the key thing that malicious actors want access to. It’s essential to heed this warning: Do Not Ignore Data Security! You must absolutely create a data security protection program, and implement the proper policies and controls to protect your most important crown jewels.

Cyber criminals are endlessly creative in finding new ways to access sensitive data. It is critical for companies to approach security seriously, with a dynamic program that takes multiple access points into account. While it may seem to be an added expense, the cost of doing nothing could be exponentially higher. So whether it’s working with your internal IT team, utilizing external consultants, or a mix of both, take steps now to assess your current situation and protect your business against a cyber attack. Stay on top of quickly evolving cyber threats. Reach out to one of our security experts today to close your businesses cyber security exposure gap!

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October Is National Cyber Security Awareness Month: Be Part of Something Big

2018 marks the 15th year of National Cyber Security Awareness Month (NCSAM). The Internet touches every aspect of our lives, and keeping it safe and secure is everyone’s responsibility. You can make a difference by remaining diligent and staying cyber aware. Be part of something big this month. Learn more, be aware, and get involved.

Connection is an official Champion of NCSAM. We’re dedicating the month of October to spreading the word about the importance of cyber security, and providing tools and resources to help you stay safe and secure online.

Each week during October highlights a different cyber security theme, addressing specific challenges and opportunities for change. Stay tuned for information about the top cyber security threats, careers in cyber security, and why it’s everyone’s job to ensure online safety. What are you doing to keep the Internet safer and more secure? Be sure to check back each week to stay informed, and get tips from our experts about how you can participate in keeping everyone safe online.

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