Are you prepared for the 2019 cyber threat landscape? While we continue to be awed at the way technology is moving forward and touching us in every aspect of our life, we are also shocked at the way cyber attacks are increasing.
The attacks are not just increasing in numbers but also in the way they are being enacted. The attackers are devising new methods while cybersecurity companies struggle to keep up with them.
2019 Cyber Threat Landscape
With the enforcement of GDPR security of data has become a serious issue. It has moved from the IT department to the boardrooms. When there is a breach it is the board which is going to feel the heat. The blame is always on the Chief Information Security officer, the Chief Information Officer or the Chief Executive Officer. It is not just the reputation that is at stake with the implementation of GDPR. The financial implications are huge.
It is time to take a look at what will constitute the major threats in this year. With increased use of cryptocurrencies and IoT there will be increased threats which have to be dealt with. There is also a threat that even nations can use cyberattacks to weaken an opponent. Thinking on these lines have already started in many countries, even in the United States.
Ransomware Slowing Down
Ransomware is on the decline though not completely out. Companies and government departments are adding to the security budget and making cybersecurity prevention a priority, using tools like Managed SIEM and Managed EDR. taking enough steps to combat a ransomware attack. This is not the only reason though. Attackers are finding other easier ways to make money and cryptocurrencies are one of the major sources.
Cryptocurrencies are mined using computer and software. Bitcoins or other cryptocurrencies are generated by crypto-mining which is a process that requires a lot of computational power. This consumes a lot of energy and is also time-consuming. Now illegal miners are making use of others’ computers without their knowledge for the mining of cryptocurrencies. This is called crypto-jacking. This helps the criminals to get money added directly to their account. Without any centralized authority to check the bitcoin transactions, it is easy for the criminals to use this money for purely legal purposes.
Stealing money from bank accounts continue and will remain a trend in the 2019 cyber threat landscape. With more accounts being operated online it is easier for the banking trojans. People are still gullible enough to reveal their login details or opening malicious email attachments. People are also lured to visit websites where their bank details will be stolen from them.
IoT And The Threats Associated With It
IoT is being increasingly used in the world now. People prefer to have smart homes and smart appliances which they can control from anywhere. It is estimated that by 2020 around 40 billion devices will be connected to the internet. Organizations find using IoT very beneficial as they are able to control actions without human interference. Machines can find weaknesses in them by themselves thus avoiding breakdowns. There is much more to IoT and they are being explored. This should make understanding the cyber threat landscape a larger priority for organizations.
While IoT is very important in making functions more efficient there is an inherent danger in the technology. It will allow for easy access to data by cyber criminals. IoT generates a huge amount of data. Most of the data can be sensitive information. IoT has touched almost every business running today. It is in use in healthcare, agriculture, automobile industry, etc. The data which is generated in healthcare industry can be very sensitive and private in nature. All the data is stored in the cloud and is accessible by internet.
The increase in the demand for IoT enabled devices has made many manufacturers to be careless about many of the components. Sensors are used to capture data. Using the right sensors for each of the device may be expensive for the companies. They may connect external sensors to the devices which will be easy to penetrate. Once the attackers have penetrated one device it is easy to access all the data that is stored in the cloud.
There is another problem with IoT. The companies which make the devices are in a hurry to launch more advanced models. They don’t have the time to upgrade the existing models. This will mean that these devices will not be able to combat the latest threats. They become the weak spots in the network which the criminals can easily use. Because the makers of these devices are full of orders they continue to use old and obsolete testing methods.
Threats Through Mobile Devices
As the activities on mobile devices increase cyber criminals are also moving to the mobile phones to gain from them. Mobile apps are in general highly personalized. They contain a lot of personal information which can be very useful for criminals. This information will include credit card and bank details which users will feed so that the transactions are faster. Criminals are now finding it easy to penetrate mobile apps and steal personal information.
It is essential for mobile developers to improve the server-side protection. In many cases developers are in a hurry to release an app due to pressure from the client. There are many frameworks which lack adequate security. Developers use this to complete the job faster. It may not provide adequate security for the data that is stored in the server. Many times, the developers think that mobile OS will provide adequate protection which is not true.
Storage of data in the phone is another weak area. App developers will leave the protection of this data to the phone. But it is not safe there. The best solution to this is to avoid storage of data that is not needed. Developers should also provide an additional layer of encryption.
How To Protect Your Organization From Attacks?
The 2019 cyber threat landscape so far has proven to add more layers and dimensions of cyber attacks than previous years. By starting with a security risk assessment, organizations will have a better understanding of the security gaps in their strategy.
While security awareness training is important, it is vital that organizations plan around employee/insider threats. By utilizing a managed service for log events, you will have 24/7 surveillance of potential cyber threats. Plus, when you add managed endpoint detection and response (managed EDR), you’ll have a team of experts that are able to stop malware before it can execute.
As the CEO or technology leader of your organization, is cybersecurity a priority or just another headache for you? Here are 5 questions to consider that may make it less of a headache and more of a priority.
The corner office may have its benefits, but there are endless headaches as well. When you are CEO, everything that happens in the company is ultimately your responsibility, and that includes data breaches and the theft of valuable intellectual property.
Threats to cybersecurity are not going away. In fact, they are increasing with every passing year. Hackers and other nefarious actors are becoming more and more sophisticated, and their spearphishing efforts have netted everyone from bank vice presidents and board members to IT experts and high-paid consultants.
These breaches in cybersecurity defenses can happen anywhere, but they are more likely to be successful when the CEO involved has failed to take the lead. As CEO, it is easy to hand off cybersecurity concerns to the IT department, but that shortsighted decision could have long-lasting consequences for your company and your career. Here are five questions every CEO should be asking about cybersecurity and IT infrastructure.
Question #1 – Am I Storing More Information Than I Should?
That which is not stored cannot be stolen, and the more information you capture, the greater your cybersecurity risk. As CEO, you should be asking yourself how much data you need to capture, what type of information is included and how it will all be stored.
Walling off highly sensitive information in databases that are not connected to the internet is standard practice in many industries, and it is definitely something to consider. There are other ways to protect sensitive data as well, including sophisticated encryption methods, dedicated storage and simply limiting the amount of information collected.
Question #2 – Will Outsourced IT Increase or Decrease My Cybersecurity Concerns
From small startups to huge Fortune 500 from corporations, businesses large and small have been outsourcing their IT infrastructures. Those firms are rushing to store their data in the cloud and ditching their in-house data centers in favor of the new managed service model.
It is tempting to think those moves are always for the best, but that is not always the case. As CEO, you should be asking yourself if a move to managed services will increase or decrease your cybersecurity concerns.
While outsourcing IT infrastructure and adopting the managed service model can enhance security, not all managed service providers are up to the task. Trusting customer data and critical files to a third party could have devastating circumstances if the firm you outsourcing IT infrastructure and adopting the managed service model can enhance security, not all managed service providers are up to the task.
Trusting customer data and critical files to a third party could have devastating circumstances if the firm you choose turns out to be less competent than they appeared. As the CEO, you bear the ultimate responsibility for the protection of that information, no matter who is physically handling it.
Question #3 – Have I Adequately Addressed Insider Threats?
Not all cybersecurity threats come from the outside, yet many CEOs fail to address the risk of insider sabotage or IT incompetence. When the data on your network is lost, stolen or damaged, it does not matter if the perpetrator is a Russian hacker, a disgruntled employee, a recently fired worker whose access was not immediately terminated or a fat-fingered IT trainee, the results are much the same.
Addressing insider risks is the job of every CEO, and if you have not yet done so, a cybersecurity audit is a good place to start. A top to bottom audit of your existing protocols and procedures could uncover weak spots you may not have thought about, so you can take steps to shore up your defenses against internal and external threats.
Question #4 – Is the Legal Team Taking a Leading Role in the Cyber Security of My Business?
It is easy to see cybersecurity as a problem for the IT department, but the impact of a data breach or the loss of proprietary information goes far beyond the network infrastructure. While the IT team should be taking the lead on all things cybersecurity, the legal department has a huge stake in the proceedings as well
The loss or theft of customer data could put the business you run in legal jeopardy, with class action lawsuits and individual claims from those affected. Depending on the industry you are in, a data breach could also come with serious governmental sanctions. Businesses in the healthcare industry are at special risk due to HIPAA regulations, but those in other industries should be just as concerned.
Question #5 – Have We Invested in the Latest Monitoring and Detection Tools
The best way to improve your cybersecurity defenses is to test them, yet many businesses fail to invest in the latest monitoring and detection tools. The proper implementation of these tools can help your business uncover deficiencies and find weak spots, so you can tailor your response and enhance your level of protection.
Ask yourself if the business you run is on the cutting edge of cyber defense protection or lagging far behind the competition. If the answer is the latter it is time to talk to the IT department, and the board.
As CEO, your responsibilities run wide and deep, and those concerns include the need for cybersecurity. If you have not already done so, you should be asking yourself the five questions outlined above. The answers you give, and the steps you take next, could prevent your company from being the next victim of a devastating cybercrime.
As a CIO, you are responsible for the cyber security of your organization. But how can you be sure that your defenses are strong enough? A full cyber risk and security assessment should be a vital piece of your risk management strategy.
What is a Cyber Security Assessment?
A cyber security assessment is a process that evaluates an organization’s information security posture by identifying vulnerabilities and potential risks that could be exploited by hackers or other malicious entities. The assessment involves a comprehensive analysis of an organization’s network, systems, applications, and other assets to determine the overall level of security., Security professionals will work to develop a remediation plan that outlines specific steps to address any issues that have been uncovered and perform a cybersecurity risk. This could involve implementing new security controls and policies, reconfiguring network settings, or updating software applications to ensure they are secure.
Overall, the goal of a cyber security risk assessment report is to help organizations improve their security posture and reduce their risk of a cyber attack. By identifying vulnerabilities and potential risks, organizations can take steps to remediate these issues before they can be exploited by malicious actors, ultimately enhancing their overall security posture and protecting their information assets from potential harm.
A cyber security assessment typically involves the use of specialized tools and techniques, such as vulnerability scanners, penetration testing, and network analyzers, which enable security professionals to identify weaknesses and potential threats within an organization’s infrastructure.
The assessment process typically begins with a thorough inventory of an organization’s information assets, including hardware, software, and data. This is followed by an assessment of existing security controls and policies to determine their effectiveness in mitigating potential security risks.
Once potential vulnerabilities and risk areas have been identified, security professionals then work to develop a remediation plan that outlines specific steps to address any issues that have been uncovered. This could involve implementing new security controls and policies, reconfiguring network settings, or updating software applications to ensure they are secure. And finally, the assessment will likely culminate with further investigation into any affected systems to confirm that the vulnerabilities have been addressed and the business operations security posture is improved.
By conducting in-depth cyber security risk assessments beforehand, organizations can take steps to identify weaknesses and potential threats before they can be exploited by malicious actors. This helps to ensure an organization’s information assets are protected from potential harm.
Here are five reasons why you should perform a Cyber Security Assessment
1. Cybercrime is on the rise and costing businesses billions of dollars each year
According to a recent report, cybercrime is on the rise and costs businesses billions of dollars each year. While the costs of cybercrime are significant, there are steps that businesses can take to protect themselves.
One important step is to invest in managed services. Managed services can help businesses to stay compliant with cybersecurity best practices and mitigate the risks associated with cybercrime. In addition, managed services can help businesses to respond quickly and effectively to security incidents because of cybercrime.
By their security teams investing in managed services, businesses can protect themselves from the growing threat of cybercrime.
2. A cyber security assessment can help you identify your company’s vulnerabilities and protect your data
A cyber security assessment is an important tool for any business that wants to protect its data. By identifying vulnerabilities and potential threats, a company can take steps to mitigate the risks. In addition, a well-designed cyber risk assessment can help to improve the overall security of the company’s systems.
There are many different types of vulnerability management services available, and choosing the right one can be a challenge.
However, working with a reputable provider that offers managed services can help to ensure that your company’s data is safe and secure. By taking the time to assess your company’s cyber security needs, you can help to protect your data and reduce the risk of a devastating data breach yourself.
3. Most cyber-attacks are not sophisticated and can be easily prevented with the right precautions
Despite headlines warning of sophisticated cyber attacks, the vast majority of attacks are actually fairly unsophisticated and can be easily prevented with the right precautions. Network security is the first line of defense against cyber attacks, and it is important to make sure that all networked devices are properly secured.
Endpoint security is also critical, as this is where most attacks originate. By taking simple steps to secure network and endpoint devices, businesses can dramatically reduce their risk of being attacked.
4. Cybersecurity is not just for large companies – even small businesses can be targeted
While small businesses may not be the first target for cybercriminals, that doesn’t mean they are immune to attack. In fact, small businesses are often appealing targets because they usually have fewer resources dedicated to cybersecurity. As a result, small businesses need to be extra vigilant in protecting their data and systems from attack.
There are a number of steps small businesses can take to improve their cybersecurity, including investing in robust security software and training employees in best practices. By taking these steps, small businesses can help to protect themselves from the growing threat of cybercrime.
5. Investing in cybersecurity is an important part of protecting your business and should not be taken lightly
Investing in cybersecurity is an important part of protecting your business. Cybersecurity is not something that should be taken lightly, and businesses need to make sure that they are taking the necessary steps to protect their data and systems.
There are a number of different ways to improve your company’s cybersecurity, but it is important to remember that there is no silver bullet. The best approach is to take a holistic view of your company’s security and implement a range of different measures.
By taking a comprehensive approach to cybersecurity, you can help to protect your business from the growing threat of cybercrime.
Importance of Cyber Security
As the world increasingly moves online, the importance of cyber security cannot be understated. Businesses of all sizes must ensure that their systems are properly protected against cyber threats. One way to do this is by conducting regular cybersecurity evaluations. These evaluations help to identify weaknesses in security controls and assess the effectiveness of current security measures. By addressing these issues early on, businesses can minimize the risk of a cyber-attack and protect their data from being compromised. In today’s digital age, cyber security is essential to doing business. By taking steps to ensure their systems are secure, businesses can protect themselves from costly cyber attacks.
Information Security Assessments
information security assessments are important for all businesses, regardless of size. By regularly evaluating their security controls, businesses can identify weaknesses and take steps to mitigate them. In addition, these evaluations help businesses to ensure that their current security measures are effective. By taking these precautions, businesses can minimize the risk of a cyber attack and safeguard their data.
Network Security Assessments
Network security and cybersecurity risk assessments are important for all businesses, regardless of size. By regularly evaluating their security controls, businesses can identify weaknesses and take steps to mitigate them. In addition, these evaluations help businesses to ensure that their current security measures are effective. By taking these precautions, businesses can minimize the risk of a cyber attack and safeguard their data.
Cybersecurity Risk Assessment
A cybersecurity risk assessment is an important tool for businesses of all sizes. By identifying the risks their business faces, businesses can put in place the appropriate security measures to mitigate them. In addition, by having a formalized security risk assessment process, businesses can ensure that they are regularly evaluating their security posture and addressing any potential weaknesses.
Risk Assessment Process
The risk assessment process begins with identifying the assets that need to be protected. Once these critical assets have been identified, the next step is to identify the risks that could potentially compromise them. Once the risks have been identified, businesses can put in place the appropriate security measures to mitigate them. Finally, businesses should regularly review their security posture and update their risk assessment as needed.
Consider Cybriant for a comprehensive cybersecurity risk assessment template. Risk management, security controls, and more will be assessed.
Here are the top cyber security assessment tools: In today’s dynamic threat landscape, organizations need to adopt comprehensive cyber security assessment tools to identify vulnerabilities and mitigate risks. Here are some of the top cyber security assessment tools that provide an in-depth risk analysis of an organization’s information security posture:
1. Nessus: A widely used network scanning tool that helps identify vulnerabilities and misconfigurations in an organization’s assets.
2. Wireshark: A network protocol analyzer that captures and examines the packets in real time, revealing potential vulnerabilities and attacks.
4. Qualys: A cloud-based security solution that scans and analyzes an organization’s assets for vulnerabilities in real time.
5. Burp Suite: A comprehensive web application testing tool that allows for in-depth analysis and identification of web-based vulnerabilities.
6. Metasploit: A powerful penetration testing tool that provides a comprehensive framework to perform a wide range of security assessments.
7. Nmap: A powerful network vulnerability scanner that uses a combination of techniques to identify potential weaknesses in an organization’s network.
8. Acunetix: A web application security solution that scans and identifies vulnerabilities in web applications.
9. Rapid7: A cloud-based vulnerability management solution that provides automated vulnerability scanning, dashboards, and vulnerability prioritization.
10. SolarWinds Security Event Manager (SEM): A powerful Security Information and Event Management (SIEM) tool that provides real-time monitoring, threat detection, and compliance management.
These cyber security risk assessment tools, when used in conjunction with a comprehensive cyber security strategy, can help organizations identify and remediate vulnerabilities, mitigate risks, and ultimately enhance their security posture.
What is a Network Security Assessment?
A network security assessment is a process that evaluates an organization’s network infrastructure to identify potential vulnerabilities and risks that could be exploited by cyber attackers. This assessment involves a comprehensive analysis of an organization’s network components, including hardware devices, software systems, and data transmission mechanisms, to determine the overall level of security.
To conduct a network security assessment, security professionals use a variety of tools and techniques such as network scanning, penetration testing, firewall analysis, and intrusion detection. These tools help to identify weaknesses in the network topology, configuration errors, and other network security issues that could be exploited by malicious actors.
Security professionals also evaluate the effectiveness of existing security controls, such as firewalls, intrusion prevention systems, and access control mechanisms, to determine their ability to detect and prevent cyber-attacks.
Once identified, potential vulnerabilities and risk areas are assessed to determine the level of potential damage they could cause to the organization. This enables security professionals to prioritize the remediation efforts needed to address the most critical vulnerabilities first.
Their aim is to develop a remediation plan that outlines specific steps to address any issues or cyber risks that have been uncovered. This could involve implementing new security controls and policies, reconfiguring network settings, or updating software applications to ensure that they are secure.
The final step in this vulnerability assessment is to conduct a post-assessment analysis to verify that the vulnerabilities have been addressed, and the security posture is improved. This involves re-scanning the network environment, conducting follow-up penetration testing, and reviewing system logs to confirm that the implemented security controls are effective.
By performing a network security assessment, organizations can identify weaknesses and potential threats before they can be exploited by cyber attackers. This helps to improve their overall security posture, reduce the risk of a cyber attack, less data breaches and safeguard their information assets from potential harm.
Cyber Crime Risk Assessment
A high-level cyber security risk assessment is an evaluation of the risks associated with an organization’s digital systems and data. The process involves identifying potential threats, vulnerabilities, and risks associated with the system and taking measures to mitigate them. It typically includes an assessment of physical security, network architecture, application security, authentication practices, and more.
The process of a Cyber Crime Risk Assessment begins with an analysis of the organization’s current security posture, including identifying areas where additional protection may be needed. After this initial assessment is complete, the security team can then begin to evaluate any existing systems and processes that could be vulnerable to attack and develop appropriate countermeasures.
These measures should include regularly scheduled security reviews, the installation of appropriate software and hardware to monitor activities, as well as identifying potential risks that could result from a lack of cybersecurity training.
Once these measures are in place, the team should then develop an effective communication plan to ensure all personnel within the organization are aware of any threats and how to respond appropriately. This plan should include instructions on what to
Enterprise Security Assessment
An enterprise security assessment is critical to assessing the security of an organization’s computer systems, networks, and applications. These assessments help organizations identify possible malicious software, unauthorized access points, data breaches, and other threats against sensitive data and resources.
Security assessments provide IT teams with information on the level of risk associated with any potential breach or attack and enable them to develop appropriate countermeasures to protect the organization’s digital infrastructure.
A cyber security evaluation will help ensure compliance with industry regulations and standards, as well as identify security weaknesses that could be exploited by malicious actors. By regularly assessing the organization’s security vulnerabilities, organizations can better protect their sensitive data against serious data security breaches and other cyber threats.
Steps Involved in Conducting a Cyber Security Assessment
1. Identify critical infrastructure:
The first step is to identify the organization’s critical systems, networks, and applications that require protection. This may include computing systems such as servers and network-attached storage devices, as well as web applications and other databases.
2. Identify security gaps:
Once the critical infrastructure has been identified, it is time to assess what measures are in place to protect these assets. This may include firewalls, intrusion detection systems, antivirus software, and other measures. It is important to identify any potential vulnerabilities that could be exploited by malicious actors.
A comprehensive cyber security assessment will also involve developing a response plan in case of an attack or breach. This includes identifying the necessary procedures for containing any damage from a breach, as well as measures to mitigate any potential risks and vulnerabilities.
4. Test security systems:
As part of the assessment process, it is important to test the organization’s existing security systems to identify any weaknesses or shortcomings. This may include penetration testing, vulnerability scanning, or other measures to identify any potential security issues that could be exploited by malicious actors.
5. Identify risks:
A cyber security assessment should also involve assessing the potential risks posed by different types of threats. This may include examining the organization’s internal policies and procedures, as well as external threats such as phishing and malware attacks.
6. Report findings:
Once the assessment is complete, it is important to create a report detailing the results of the assessment and any recommendations for improvement. The report should also include specific steps that can be taken to improve cyber security measures in order to reduce the risk of an attack or breach.
7. Monitor and review:
Finally, it is important to continuously monitor and review the security systems in place to ensure that they remain up-to-date and effective. This includes regularly updating software patches, hardware components, and other measures necessary to reduce the risk of a breach or attack. Additionally, organizations should also consider investing in critical infrastructure protection and incident response plans in order to quickly deal with any security incidents.
Do You Need A Corporate Security Assessment?
When it comes to protecting your business, a corporate security assessment is essential. By conducting this assessment, you can identify potential risks and weaknesses in your organization’s cyber security strategies, as well as ensure that all employees are aware of the importance of keeping their data secure. This includes evaluating employee policies, procedures, and processes related to cyberspace operations, identifying areas that need to be strengthened, and providing recommendations on how to improve security.
A comprehensive security assessment should include an analysis of your organization’s existing policies, procedures, technologies, and operations related to cyberspace operations. As part of this process, you’ll want to assess the current state of your cyber security program in order to identify areas of improvement or potential threats. This assessment should take into account all aspects of your organization’s cyber security program, including authentication and authorization, data protection, user education and awareness, incident management processes, and patch management.
Once the assessment is complete, you’ll be able to identify any gaps in your corporate security program and make recommendations for improvement. This could include improving existing policies or procedures related to cyber security, implementing new technologies or procedures, and creating a corporate security awareness program.
By taking the time to conduct a thorough corporate security assessment, you can ensure that your organization’s data is secure and protected against potential threats. This will help protect your business from malicious actors looking to exploit vulnerabilities in your network or access sensitive information. Additionally, it will provide peace of mind knowing that your organization is taking the necessary steps to ensure its data is safe and secure. Ultimately, a corporate security assessment will provide you with the tools and knowledge to help protect your business from cyber threats and ensure that your critical information is secure.
Once you have identified any potential risks or areas for improvement through an assessment, it’s important to create an action plan to address any issues that have been identified. This could include implementing new security protocols or policies, training staff on the importance of cyber security and best practices, and regularly monitoring your network for potential threats. By creating a comprehensive action plan, you can ensure that your organization’s data remains safe and secure from malicious actors.
The bottom line is that a corporate security assessment is an essential step in protecting your business from cyber threats. By evaluating your existing systems and practices, you’ll be able to identify any potential risks or areas for improvement that need to be addressed. Through a comprehensive action plan, you can then take the necessary steps to protect your critical information and ensure that your organization remains safe and secure.
In conclusion, cyber risk assessments are an important part of any organization’s security protocols. By taking the necessary steps to identify and prioritize risks, organizations can make informed decisions about their business objectives and better protect their assets from potential threats. Taking these steps now can help organizations be better prepared for future attacks or breaches, contact Cybriant to get started.
GDPR, or General Data Privacy Regulation, will come into force on 25 May 2018. GDPR requires organizations to maintain a plan to detect data breaches, regularly evaluate the effectiveness of security practices, and document evidence of compliance. If you don’t already have the required security tools and controls in place, your organization will need to start planning now to achieve compliance and mitigate the risk of high fines for failing to comply.
In this webcast, AlienVault CISO John McLeod provides insights into how AlienVault has approached the GDPR compliance process internally, along with how the Unified Security Management® (USM) platform can help accelerate and simplify your path to compliance.
Watch this on-demand webcast now, and learn:
Best practices for approaching GDPR compliance
How to assess your level of readiness and build your roadmap to compliance
How a unified security toolset can both expedite and simplify this process
They’ll also provide a brief demo of the USM platform to illustrate some of the technical controls you need in place TODAY for compliance.
Looking for a better way to address threat management and compliance? By working with a professional security services organization and a SIEM like AlienVault®, you will have a better way to detect threats.
Virtually every regulatory mandate requires some form of log management to maintain an audit trail of activity. By utilizing a SIEM, Cybriant provides a mechanism to rapidly and easily deploy a log collection infrastructure that directly supports this requirement. Ticketing and alerting capabilities also satisfy routine log data review requirements.
As I read over the Kroll Global Fraud & Risk Report for 2017, the most common issue discussed is the threat that comes from within your organization. Current and ex-employees were the most frequently cited perpetrators of fraud, cyber, and security incidents over the past 12 months. Notwithstanding this finding, external parties were identified as active perpetrators as well.
In the survey, taken by 545 senior executives worldwide across multiple industries and geographies, 85% said that their company experienced a cyber attack or information theft, loss, or attack in the last 12 months.
How these attack happened
The survey also reveals that most cyber incidents involve more than one attack vector. Multiple, interwoven attack vectors were identified – directly on company software, systems, and websites; via third parties through malfeasance, attacks on their own systems, or in error; through employee error or malfeasance; and from device theft.
The highest reported attack vector was via software vulnerability, experienced by over a quarter of respondents (26%). Employee error or accident played a role according to 22% of respondents. And attacks on the corporate website were noted by 22% of respondents as well.
The findings reveal that threats most commonly come from within. Current and ex-employees were the most frequently cited perpetrators of fraud, cyber, and security incidents over the past 12 months. Notwithstanding this finding, external parties were identified as active perpetrators as well.
PERPETRATORS OF FRAUD
Nearly 8 out of 10 respondents (79%) cited one of the following categories as the key perpetrator: -Senior or middle management employees of our own company -Junior employees of our own company -Ex-employees -Freelance/temporary employees
PERPETRATORS OF CYBER INCIDENTS
Overall, 44% of respondents reported that insiders were the key perpetrators of a cyber incident, citing ex-employees (20%), freelance/temporary employees (14%), and permanent employees (10%). If we also consider agents/ intermediaries as quasi-employees, noted by 13% of respondents, then the percent indicating that insiders were the key perpetrators rise to a majority, 57%. Nearly one in three (29%) identified external players as the key perpetrators.
PERPETRATORS OF SECURITY INCIDENTS In total, 56% of executives surveyed said insiders were the key perpetrators of security incidents, citing ex-employees (23%), permanent employees (17%), and temporary/freelance employees (16%).
Building Cyber Resilience
The good news: 72% have introduced employee cybersecurity training and an equal percentage have employee restrictions on installing software on company devices. Detection methods rank high on the list, with intrusion detection systems, threat intelligence systems, and network operations centers next in magnitude of adoption.
The road to resiliency requires resources, analytics, creativity, understanding of human behavior, and sheer vigilance to continuously enhance each firm’s ability to prevent, prepare, respond, investigate, and remediate fraud and risk.
What's next for your organization? Cybriant is here to help.