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The 9 Biggest Cybersecurity Myths Exposed !

TOP CYBERSECURITY MYTHS DEBUNKED

In today’s high-tech era, there is hardly anyone who is not confronted with IT security in any way – it can be morning log-on to the workstation, installing a smart home appliance, or reading about the next big hack of a business.

The devastating effects that a security breach can have on an enterprise, coupled with the bright global spotlight on the issue, can give a very bad reputation to an enterprise. While most in leadership positions today recognize the elevated importance of data security risks in their organization, only few of them understand what action should be taken to address these risks.

 

Plus, despite the increased focus on corporate cybersecurity, there are still a number of common misconceptions and myths that seem to be difficult to remove. These are many superficial facts that, although often repeated, do not become correct. The problem is: If you follow and believe them, it quickly becomes dangerous.

 

Myth 1: A strong password protects access to sensitive accounts

Strong passwords are certainly an essential root for cybersecurity, especially in business. However, implementing and enforcing strong password policies is just the beginning, which needs to be complemented by other measures such as two-factor authentication and effective monitoring. In fact, one of the key components of cybersecurity prevention, which is often overlooked by businesses, is not how people access the information, but what information is actually accessible. Not only do employees need secure passwords, but companies also need to know who they can access. For example, the 2018 data risk report shows that in 41% of companies, all employees have access to at least 1,000 sensitive files – such as personal data, credit card or even medical information. In addition, many companies do not have a system for monitoring administrator access and have no idea what their users are doing with what data.

 

Myth 2: Hackers are not interested in SMEs

Myth is, that by looking at the coverage of cyber-attacks, one can easily conclude that these are first and foremost aimed at large corporations. But the reality is that according to the Verizon Data Breach Investigations 2018’s Report, 58% of victims of data breaches are small businesses (SME). There are several reasons for this, many companies are not specifically selected but are the victims of so-called “spray-and-pray” attacks. Hackers set up automated systems to infiltrate companies at random. In this way, any business, regardless of its size, can be victimized. In addition, smaller companies are typically “easiest” targets as they have less resources available for advanced security solutions and often lack qualified security teams. This also increases the likelihood that they will be victims of attacks.

 

Myth 3: Only certain industries are vulnerable to cyberattacks

Just as some companies believe they will not be attacked because of their size, others mistakenly believe that their industry is uninteresting to cybercriminals. This myth goes hand in hand with the belief that some companies have nothing “valuable” to steal. The reality is that all sensitive data, from credit card numbers – to addresses – to personal data, can turn a business into a disaster. And even if there’s really no data to sell on the Darknet, they can still be important to your business continuity, making companies vulnerable to ransomware attacks.

 

Myth 4: AV software protects me well

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Granted, this myth has faded a little recently, but is still prevalent. Antivirus software is certainly an important part of a company’s security, but it does not protect by anything. AV solutions are just the beginning of a comprehensive cyber security plan. To truly protect a business, you need a comprehensive security strategy that includes everything from employee training to identification, from inside threats to emergency management.

 

Myth 5: Insider can’t be threats

While external threats are certainly a problem and should be closely monitored, insider threats are at least as dangerous and should be closely monitored as well. Research even shows that insider threats account for up to 75% of privacy breaches. And these threats can come from anyone in the organization – from angry or dissatisfied employees seeking revenge or an ordinary employee with no cybersecurity training who fall for a phishing email. Therefore, it is important to have a system for preventing and monitoring insider threats, such as Intelligent User Behavior Analysis (UBA).

 

Myth 6: Cybersecurity is first and foremost a topic for the IT department

It goes without saying that IT has a great responsibility in implementing and reviewing policies to ensure cybersecurity for businesses, as well as implementing appropriate safeguards and solutions. However, the level of security of a business depends largely on the behavior of each individual employee. According to Verizon, 49% of the malware is installed via email. If employees are not trained in cybersecurity issues, such as recognizing phishing scams and avoiding insecure links, they could open up the company to potential threats.

 

Myth 7: A password-protected Wi-Fi network is secure

Mobile work has meanwhile become almost standard, we are continually on public during our lunch break in the branch of a coffee shop, on business trips or even on vacation. Unfortunately, many people mistakenly assume that a password ensures the security of a Wi-Fi network. In fact, Wi-Fi passwords primarily limit the number of users per network. Other users using the same password may be able to see the sensitive data being transmitted. Also, one should exercise caution in choosing the Wi-Fi access point, as it could well be at best dubious, hacker-installed hotspots. Mobile workers should therefore invest in VPNs to make their data more secure.

 

Myth 8: One can immediately identify infected computers and systems

About a decade ago, it could have been true that you could immediately tell if your computer was infected with a virus – indicative signs were pop-up ads, slow-loading browsers, and in extreme cases system crashes. And even today, ransomware is an attacking style that is very loud and ultimately lives from being noticed. As a rule, however, cybercriminals want to go about their business unrecognized in the systems for as long as possible. Modern malware is therefore difficult to recognize. Studies show that hackers are often on the victim’s network for days, sometimes months, before they are recognized.

 

Myth 9: 100% protection is possible

Cybersecurity is an ongoing process and not a one-time task that can be done and then ticked off. New malware and attack methods put systems and thus the company data in danger again and again. To truly ensure cybersecurity, all systems must be continuously monitored, internal audits must be performed, and emergency plans must be reviewed, tested and evaluated. And this process requires the involvement of all employees. An essential step here is – as already mentioned – the sensitization of the employees and the tidying up with the mentioned myths.

Enterprise Endpoint Security – Rules to Protect from Advanced Malware and Security Breaches

Businesses struggle to protect themselves from security breaches. They implement various security tools and solutions to protect their networks, applications, clouds, and endpoints. They strive to comply with regulations. Their security teams are combing seemingly endless security alerts. Nevertheless, there is a steady increase in successful cyber attacks. Palo Alto Networks, Gartner Magic Quadrant Firewall Leader for Sixth Year, takes a close look at the enterprise security for endpoints, which are still in the hands of antivirus solutions in many places.

Palo Alto Networks notes that threats and attackers have evolved, but many security solutions have not. The current threats are more sophisticated, more automated, cheaper to run and can take various forms. The attackers act in a larger style and at a faster pace. Many companies are not prepared for this. All this has escalated in recent years, according to Palo Alto Networks, while many security tools, solutions, and platforms have maintained the same practices as decades ago. Antivirus is a perfect example of how an approach is increasingly unsuitable for protecting systems from security breaches.

The following are the four key requirements that Antivirus cannot address, but which should cover an effective endpoint security solution:

 

  1. Cybersecurity incidents are on the rise, without any end!

To control security breaches and data loss, companies implement a range of different security solutions on the endpoints. Unfortunately, these solutions, and in particular traditional antivirus products, are struggling with the protection of enterprise systems – and often fail. This has led to an increase in the frequency, variety, and complexity of security breaches.

The security industry focuses primarily on improving detection and response time, which means that only the window is narrowed down from the time of an attack to the time an attack is detected. This does not add much to the need to protect valuable data before a company suffers a security incident. In order to reduce the frequency and impact of security incidents, there must be a shift away from post-incident detection and response, after critical resources have already been compromised, and towards prevention. It is important to prevent the attackers and threats from ever entering the company.

 

  1. Antivirus solutions aren’t effective in case of preventing successful cyber attacks

Cyber attackers often use free and cheap tools to generate new and unique, encrypted or polymorphic malware that can bypass detection by traditional signature-based antivirus programs. Attacks using unknown exploits and zero-day exploits are able to dodge antivirus protection. To protect against such techniques, an effective endpoint security solution must be able to protect the endpoints from known and unknown malware and exploits in the core phase of the attack.

 

  1. Mobile users increasing demand from businesses to secure endpoints outside the traditional networking edge

Organizations are opting for cloud-based software-as-a-service (SaaS) and storage solutions to connect to internal resources from anywhere in the world, both within and outside the company’s network. These services and solutions synchronize and distribute files across the enterprise, streamlining enterprise data processing and sharing. But they may also burden the entire company with malware and exploits. Threats such as malware distribution, accidental data disclosure, and exfiltration contribute to this threat in SaaS applications.

Cyber-attacks target end users and endpoints where the network is not fully observable, so employees outside the corporate network are more likely to encounter malware. To address these threats, endpoint security must also protect the systems beyond the traditional network perimeter.

 

  1. Enterprises have problems with patch management and the protection of end-of-life software and systems

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Weaknesses in applications and systems can always be expected. The problem is that vulnerabilities exist long before the release of patches and the implementation of patches, critical or not, is not guaranteed. In addition, companies that use legacy systems and software that have reached the end of their useful life are particularly vulnerable as security patches are no longer available. As a result, these companies can be exposed to risks that are unknown and difficult to control.

Situations such as these pose an opportunity for attackers to exploit these vulnerabilities and compromise unpatched applications and systems. With the growing number of software vulnerabilities discovered each day and exploit kits available in the underground market, even “hobbyists” have the ability to launch sophisticated attacks. Protecting un-patched or legacy systems and software requires an effective security solution that defends against both known and unknown threats.

 

Three ways to measure endpoint safety

 

Companies should choose security products that deliver both total costs of ownership and security effectiveness. This effectiveness is measured by the ability of the technology to perform at least these three core functions:

 

  1. Performance of the intended function

Does the technology provide the security function it should perform? Two primary attack vectors are used to compromise endpoints: malicious executables (malware) and vulnerability exploits. Effective endpoint security products must ensure that endpoints and servers are not compromised by malware and exploits. They also need to prevent both known and unknown variants of malware and exploits.

 

  1. Essential resolution

Does the solution prevent attackers and users from bypassing its security features? No security tool or security technology is designed to be easily bypassed. If attackers or end users are still able to bypass the intended function of the technology, they will not fulfill their original purpose. An effective endpoint security platform should not allow attackers to bypass security or cause performance problems that could cause users to disable them.

 

  1. Flexibility

Is technology evolving to cover and protect new applications, systems, and platforms? A few decades ago, the frequency and complexity of cyberattacks were rather low. Endpoint security tools are designed to prevent viruses from infecting the systems. However, today’s threat landscape is radically different, reducing endpoint security tools such as antivirus programs to reactive detection and response tools.

 

Security products must take a proactive approach to adequately protect endpoints. In order to reduce the frequency and impact of cybersecurity violations, Palo Alto Networks believes that accent must be placed on prevention.

Businesses should choose security products that offer the highest level of security. The effectiveness of a security solution can be measured by its ability to meet the three requirements above. A state-of-the-art endpoint protection solution is capable of doing so and can easily handle the above-mentioned four security challenges in enterprises.

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