Taking the risk-based approach to vulnerability patching
As one of the most effective ways to prevent attacks on IT assets, it is universally acknowledged and known that patching vulnerabilities is a critical process. But as the volume of vulnerabilities discovered in the tools we use continues to proliferate -- and the speed at which they are being weaponized increases -- patching is becoming a complex and difficult task for security teams. During the 2021 calendar year alone, more than 20,000 individual vulnerabilities were discovered and announced, and by May 2022, more than 10,000 issues had been released. The number of vulnerabilities being discovered and disclosed is not slowing down, it is accelerating.
While the security community’s ability and attention towards discovering vulnerabilities has matured, the scale of these issues has - in tandem - become overwhelming. So what can organizations do to stay afloat in today’s "sink-or-swim" threat landscape?
Organizations plagued by identity sprawl
A new study reveals that identity sprawl is a major problem for organizations, with 60 percent reporting as many as 21 separate identities per user.
The report from Radiant Logic and Gartner Peer Insights looks at the rapid growth of enterprise identity silos, and the explosion of user information, attributes, and credentials that accompanies it.
Maintaining top API-level security in today's cyber landscape
Data breaches, cyberattacks and security concerns are growing exponentially in the digital climate, as new development practices, extra languages, and structural frameworks appear -- compounded by geopolitical tensions giving rise to state sponsored attacks. In 2022 to date, 39 percent of UK businesses have already experienced the disruption and costly consequences of cyberattacks. Some of the largest enterprises, such as Microsoft, T-Mobile, and Vodafone, have experienced attacks by highly organized groups, such as Lapsus$.
With the scale, type of attacks and target industries constantly evolving, the healthcare sector has joined financial services and the public sector in becoming a lucrative target. Healthcare data breaches reached an all-time high in 2021, impacting 45 million people -- personal health information (PHI) became worth more than credit card information on the dark web. Attack approaches are constantly evolving, with hackers searching for any weak links in growing infrastructure.
Supply chains cybersecurity risks: Closing the protection gap
Supply chain attacks have been on the threat radar of many organizations and their security teams for several years. However, since the infamous SolarWinds attack in 2020 -- which led to widespread and damaging compromises of data, networks and systems -- the supply chain attack vector has taken on a new level of focus. Indeed, supply chain attacks, which have become an effective way for hackers to gain access to IT networks at scale, and as such, are among the most worrying cybersecurity risks currently facing organizations today.
Supply chain risks come in many forms -- from complex to relatively simplistic. The UK government’s Cyber Security Breaches Survey, which explores organizations’ policies, processes, and approaches to cybersecurity and is used to inform government cybersecurity policy, looked at this in its latest report. The 2022 survey reveals that just 13 percent of businesses review the risks posed by their immediate suppliers, with that number dropping to 7 percent for their wider supply chain. Possibly even more concerning, many organizations commonly perceive 'big tech' companies to be "invulnerable to cyber attacks".
Securing the new hybrid education network
Even before 2020, connectivity played an important role in university life. In recent years, however, connectivity shifted from a mere convenience to a lifeline for students and universities. As these institutions built and expanded online remote access for their students, many from scratch, their IT departments were forced to shift their focus from on-campus networking to supporting a distributed global network to meet the new normal of education.
Although in-person teaching has now seen a welcome return, the wealth of online learning resources available, both on internal and external networks, are an invaluable asset to both teachers and students. Meanwhile, online retail, banking, health services, gaming, media, and more are mainstays of student life.
Rethinking cybersecurity
If you’ve been in the cybersecurity field for a while, you’ve probably noticed that there’s less emphasis on formal disaster recovery and business continuity plans than there used to be. CISOs still create plans, but it’s not the centerpiece of cybersecurity operations in the same sense. As security technology evolved, people started focusing more on technology solutions that they hoped could prevent problems altogether.
There’s some magical thinking involved in that, and ironically, one of the biggest struggles CISOs face now is how their organizations think about cybersecurity problems, i.e., that there shouldn’t be problems. That’s not the world we live in. Having difficulties is not the issue. Rather, thinking there are magic solutions that can eliminate every weakness is the problem. We need to rethink cybersecurity to accommodate this reality and create a holistic response for when problems inevitably arise.
Why we need to make data integration obsolete [Q&A]
Nowadays there are apps for almost everything. As users they clutter up our phones and tablets, but they present problems for businesses too, in particular the storing and analysis of the data they create.
Data is often tied to a specific app and each app needs its own copy, so enterprises can end up with lots of copies of the same information leading to issues with control, compliance and more.
Ransomware variants almost double in six months
In the past six months, FortiGuard Labs has seen a total of 10,666 ransomware variants, compared to just 5,400 in the previous half year.
In addition ransomware-as-a-service (RaaS), with its popularity on the dark web, continues to fuel an industry of criminals forcing organizations to consider ransomware settlements.
DevSecOps delivers significant results but take up remains low
Only 22 percent of organizations have developed a formal DevSecOps strategy integrating security into software development lifecycle processes, according to a new report.
But the study from Mezmo shows an overwhelming percentage of those that do have a strategy report a positive impact on accelerating incident detection (95 percent) and response (96 percent) efforts.
New, free tool to help enterprises assess financial risk of cyberattacks
A successful cyberattack can have significant costs for a business, in terms of both reputation and finances. But what's the actual cost of an attack? And if you're looking at insurance how much should you be covered for?
To help answer those questions Safe Security is announcing two industry-first assessment tools to empower organizations to make financial decisions based on their actual cyber risk.
Cybercriminals attack the wrong water company in bungled extortion attempt
On Monday, hacker group ClOp claimed to have gained access to 5TB of data from UK water supplier Thames Water and said it could change the chemical composition of the company's water supply.
Thames Water denied the reports and said it hadn't faced a cyber attack. Today it emerges that an attack has taken place but on a different company, South Staffordshire plc, the parent company of South Staffs Water and Cambridge Water.
Monitoring and management of backups becomes more challenging
Monitoring of backups has long been a necessary chore for IT professionals, but a report out today shows that new issues are also impacting the category and creating greater challenges.
The study from Bocada, a company which specializes in the automation of backup reporting and monitoring, is based on a survey of over 260 IT professionals. Varied environments and growing data volumes are revealed as a major concern, with securing data across backup applications the most-cited backup management challenge, followed by protecting growing data volume.
The changing role of the CISO [Q&A]
The IT infrastructure of a modern enterprise is made up of a complex architecture of dynamic networks, cloud deployments, software applications, and endpoint devices.
Each of these has its own set of security controls, which form a critical part of the technology ecosystem, but managing these systems can hinder efficient threat detection and response, which in turn compromises visibility, allowing vulnerabilities and gaps to flourish.
Your current cybersecurity approach creates systemic vulnerabilities
Verizon recently released its 2022 Data Breach Investigations Report, giving businesses vital insights into the state of cybersecurity around the world. Containing an analysis of over 23,000 incidents and 5,200 confirmed breaches over 15 years, Verizon attributes the number-one motive of cyberattacks to financial gain. Almost four out of five breaches were attributable to organized crime seeking to extort businesses of hefty ransomware sums, backed by insurance pay-out.
Verizon has also estimated that there has been a 13 percent increase in ransomware breaches -- this is more than in the last 5 years combined. Additionally, 82 percent of cyber breaches involved a human element, namely through stolen credentials, phishing, misuse or simply an error.
Attacks on healthcare organizations increase 90 percent
There has been a 90 percent increase in the number of healthcare organizations targeted by cyber-attacks, in comparison with the first quarter of 2022.
The latest cyber threat Landscape report from Kroll finds that while phishing continues to be the vector used for initial access, there has been a vast increase in external remote services (such as VPNs and RDP environments) being compromised, up 700 percent.
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