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Cyber-Crime : Attackers Have 7 Days To Exploit a Vulnerability

The analysis by Tenable Research shows that cybercriminals have an average of seven days to exploit a vulnerability. During this time, they can attack their victims, potentially search sensitive data, launch ransom attacks, and inflict significant financial damage.

Only after an average of seven days do companies investigate their networks for vulnerabilities and assess whether they are at risk.

 

The Tenable Research team found that cybercriminals need an average of 7 days to exploit a vulnerability as soon as a matching exploit is available. However, security teams on average only evaluate new vulnerabilities in the enterprise IT network every 13 days.

The evaluation is the first, decisive step to determine the entire cyber exposure in today’s modern computing environments. The term cyber exposure describes the entire IT attack surface of a company and focuses on how those responsible can identify and reduce vulnerabilities. The timing gap means that cybercriminals can attack their victims as they like, while security teams are in the dark about the real threat situation.

 

The Digital Transformation has significantly increased the number and type of new technologies and computing platforms – from cloud to IoT to operational technology – and has increased the IT attack surface. This changed IT attack surface almost inevitably and leads to a real flood of weak points. However, many companies do not adapt their cyber exposure to the new realities and continue to run their programs in fixed cycles, for example every six weeks. However, today’s dynamic computing platforms require a new cybersecurity approach. Delays are a cybersecurity issue right from the beginning, also because security and IT teams are working in organizational silos. The attackers benefit from this because many CISOs struggle to gain an overview of a constantly changing threat landscape and transparency. Additionally, they have trouble managing cyber risks based on prioritized business risks.

 

The study results showed:

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–       That in 76% of the analyzed vulnerabilities the attacker had the advantage. If the defender had the advantage, it’s not because of their own activities, but because the attackers could not access the exploit directly.

–       Attackers had seven days to exploit a vulnerability before the company even identified it.

–       For 34 % of the vulnerabilities analyzed, an exploit was available on the same day the vulnerability was discovered. This means that attackers set the pace right from the start.

–       24 % of the analysed vulnerabilities are targeted by malware, ransomware or available exploit kits.

 

Digital transformation has dramatically increased the number and types of new technologies and computing platforms – from the cloud to the IoT to operational technologies. This in turn has led to dramatic growth in the attack surface. The growing attack surface has fueled a never-ending flood of vulnerabilities. Many organizations run their operational programs on a fixed cycle basis (eg every six weeks), which is not enough given the dynamics of today’s IT environment. Attacks and threats are developing at a rapid pace and can hit any business. Effective cyber exposure management with a new approach to vulnerability management helps to adapt security to new IT environments: it is based on continuous integration and deployment and is consistent with modern computing.

 

The cyber exposure gap cannot be reduced by security teams alone but requires better coordination with the operational business units. This means that security and IT teams gain a shared view of the company’s systems and resources, continuously looking for vulnerabilities, prioritizing and remediating them based on business risk.

 

The study shows how important it is to actively and holistically analyze and measure cyber exposure across the entire modern attack surface. Real-time insights are not only a fundamental element of cyber-hygiene, but also the only way for companies to gain a head start on most vulnerabilities.

Most Common Hacking Techniques Used by Cyber Criminals

In 2017, the world went head over heels: several cyberattacks caused billions of dollars worth of damage. Global market leaders and global logistics giants first became aware of security vulnerabilities in their systems and the vulnerability of their Operational Technology (OT). NotPetya and Petya, WannaCry and the Industry malware have shown that no industry is immune to serious attacks.
Fixing known IT vulnerabilities should be a standard practice in business – but often it is not. The processes between IT security and IT operations do not always work smoothly. If and when patching, no one is subjected to control. And then it happens: Malware spreads in minutes across the world, business processes come to a standstill and companies are overnight in the focus of international coverage. It “burns” from now on equal to an unknown extent.

 

Cybercrime is becoming an increasingly profitable business through automated and low-budget tools used by hackers. For example, a research conducted by IBM shows that global cost of data breach only in 2017 was $.141 million.The success of companies, in nowadays digital competitive era, depends on smoothly functioning IT systems. But new methods of attack require flexible, reliable protection measures. What precautions the seven most common attack techniques fend off, shows this article.

 

 

Widespread networking and digitization enable malicious attacks in a new dimension by exposing applications, business data, operational infrastructures, and the reputation of even well-known global companies. Hence, some IT security officers and board members had to take their hat off because of serious incidents. The cybercrime challenge is often intensified by reduced IT budgets and resources. Many organizations are no longer equal to today’s onslaught of cyber-attacks.

 

Recent attacks

 

Although cloud-based applications offer many business benefits, they also create a wealth of complex challenges and new risks. Hackers feel at ease in this fast-paced, ever-evolving environment. Often, they fool the attack on a specific target – and strike in a completely different place. To do this, they use seven techniques to cause maximum disruption and maximize their profit. These are malicious bots, web fraud, phishing, malware, DDoS, credential stuffing and ransomware.

 

  • A malicious bot is a malware designed to steal information or infect a host which is often used well before the actual attack. It helps to later distribute the malicious code or is part of an exploit kit. According to Verizon’s latest Data Breach Investigations Report, botnet attacks were used in 77% of web application security breaches. Click here to read 5 top botnets attacks of 2017.

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  • Web-based attacks are those that make use of web-enabled systems and services such as browsers and their extensions, websites including CMS and the IT-components of web services and web applications. In this type of fraud, hackers often resort to man-in-the-browser injection and distribute a trickbot via phishing, drive-by-download or SMB ports. Then a Java script is inserted into the e-commerce or banking pages in the user’s browser. This way, attackers gain credentials and can rob bank accounts.

 

 

  • Phishing email messages, websites, and phone calls are designed to steal money. Cybercriminals can do this by installingmalicious software on your computer or stealing personal information off of your computer or trick their victims into clicking on a link that infects their system with malware. Alternatively, the link points to a fake website that steals personal information. Last year the total share of spam, only in mail traffic, was 56.63%.

 

 

  • In Credential stuffing type of hacking, hackers secure user credentials by breaching a system, and then attempts to use those credentials with other systems by using automated tools. Users who use same passwords for different accounts and use multiple times are likely to have their credentials stolen.

 

 

  • DDoS attacks range from a reckless prank to targeted actions for protest or revenge, to theft or blackmail. Ransomware is also a major problem here, encrypting the victim’s data and demanding ransom for decryption. Attackers often use easy-to-access DDoS tools that interfere with service availability and enterprise performance. There are currently four major attack types: TCP Connection Attacks, Volumetric Attacks, Fragmentation Attacks, Application Attacks. The most dangerous DDoS techniques combine volumetric attacks with targeted, application-specific attacks.

 

 

Possible Countermeasures

 

To guard against these attack techniques, security experts recommend a robust Web Application Firewall (WAF) as a safeguard against cyber-attacks. A modern WAF allows the victim an offensive counter-stroke with sophisticated bot detection and prevention. This is crucial because most attacks are started by automated programs. A WAF assists the security team in identifying login attempts that are not made through a browser. It analyzes the behavior and takes into account factors such as the location of the IP address, the time of day and the number of connection attempts per second.

WEB APPLICATION FIREWALL

With the right WAF solution, your organization gains a multilayer defense that uses both direct and indirect methods for preventing and mitigating bot damage:

  • Direct: The direct method works by actually detecting and responding to bad bots using threat intelligence and bot classic cation for newly discovered bots.
  • Indirect: Indirect protection mitigates or thwarts the actions of bots (e.g. account takeovers), without having to actually detect the bot itself. A combination of both delivers comprehensive protection of your enterprise’s critical web assets.

 

Also important: The data in the browser and in the mobile application must be encrypted throughout. Then the information remains protected during both use and transmission, and each interception attempt yields unreadable data. As an added security measure, encryption of the form parameters on the client side can be enforced. Automated tools for credential stuffing then have difficulty completing the login page correctly. When the bots provide unencrypted credentials, a system alert is triggered informing the security team that a credential stuffing attack is taking place.

In addition, companies should define policies that allow users to change their passwords on a regular basis and report potential incidents and attacks to the IT department. This is true even on suspicion that you have just clicked on a malware link or received a phishing email.

 

Conclusion

In the race between companies and cybercriminals, a fast and reliable detection of threats is crucial. Greater transparency, context knowledge and control are therefore essential for the protection of infrastructures, applications and sensitive data. Companies need to adapt their strategy to protect applications with modern security tools and focus their resources on warding off attacks by malicious hackers. Only then will your business run smoothly, quickly and safely.

Cyber ​​Security Predictions- What to Expect in 2018

It is well known that the fourth industrial revolution opens up a multitude of new business opportunities. In parallel, the danger for cyber-attacks is also increasing. It is important that companies prepare for it.

Not only should they think about security solutions directly when planning IT technology, but they should also develop a keen awareness of the corporate culture for security – which requires significant investment. According to estimates by Gartner, security spending for 2018 will continue to rise sharply globally, reaching $ 93 billion. For the coming year, this means that Cyber Security will capture some of the key trends.

 

IT security experts are still in demand

 

As technology evolves, security expertise needs to adapt to changing needs. The challenge is to train cybersecurity specialists to acquire and develop the skills they need as quickly as possible. According to the Cyber Security Ventures Report, it is predicted that there will be around 3.5 billion unfilled cybersecurity jobs by 2021. The responsibility lies in the hands of governments, universities, schools, and companies to meet this need.

 

Protection and resilience

 

In this day and age, it is difficult to completely avoid security gaps. Therefore, you shouldn’t just ignore them, but make appropriate arrangements. As a result of this development, the resilience of the IT infrastructure will become more of a focus, and not just prevention alone. For companies, it is important to talk openly about their own weak points, to raise awareness and to show responsibility. Funds currently used to prevent cyber-attacks may need to be redistributed to detect security threats in time and to remain operational in the event of an attack.

 

Next-generation security solutions are driven by digital ecosystems

 

In IOT hype era, the protection of customer data becomes more and more important. Vulnerabilities exposing sensitive data can have serious consequences as companies will be held accountable for personal data in the future. This ownership is a major challenge for companies, and the responsibility to ensure a degree of security for their users lays on technology manufacturers. As the need for cybersecurity solutions and regulations grows, companies need to develop appropriate strategies to minimize any risk. These strategies should not only meet today’s expectations but also incorporate new business models promoted by new technologies.

 

Cyber-attacks increasingly sophisticated

 

Of the e-mails received, around 70% are spam and the majority of them contain phishing messages. Other known threats include rogue Trojan horses, malware or distributed denial-of-service (DDoS) attacks. Over the past few months, they have led to massive data loss and continued to make company or customer data vulnerable to cybercriminals. With 93% of the attackers, the money is in the center. Hackers try to gain the highest possible profit through simple tricks and are often successful in smaller companies with inadequate security solutions.

 

New technologies: a blessing and a curse at the same time

 

Innovative technologies enable cybercriminals to use sophisticated methods for their attacks. But these innovations can also help build and reinforce defense and protection against hackers. A major threat, for example, comes from artificial intelligence (AI) applications. However, AI can also be used to detect potential risks faster. How important AI is for IT security is an outlook on the global market for artificial intelligence solutions: according to a recent study, it will grow to $ 18.2 billion by 2023. Likewise, the Internet of Things, with an estimated circulation of 22.5 billion networked items, is both a driver of innovation and a door opener for increased threat potential, according to a Business Insider platform report. On the one hand, security becomes a challenge, but on the other hand, the data generated by Internet-enabled devices can help detect breaches early.

 

The focus is on vertical industries

 

While cyber attacks affect all sectors of the economy, there are still some key sectors that are likely to be particularly vulnerable to cyber attacks:

 

  • The Financial Sector, BFSI: (Banking, Financial Services and Insurance): The BFSI sector is under increasing pressure. This is due to competitors with digital assistances and the constant pressure to modernize their existing systems. The value of customer data is increasing as customers demand more comfortable and personalized service. Nevertheless, trust remains crucial. According to a recent study, about 50% of customers in the UK would change banks as a result of a cyber-attack, while 47% would completely lose confidence. Large-scale cyber-attacks have already left a large number of banks victims of a hacker attack. This shows that the sector has to adapt to these risks. So, it’s important that banks invest more in security solutions to ensure 24/7 protection.

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  • Healthcare: More and more patient is having digitized medical records. In addition, artificial intelligence and web-enabled devices will increase the speed of diagnosis and improve patient care. However, the integration of personal data and Internet-enabled devices also involves risks. Earlier this year, Experian predicted that the healthcare sector would be the most affected market by cyber-attacks, as some examples have already shown. This means that the health sector should similarly invest in risk analysis as the banking sector. In addition, the implementation of industry-wide standards is needed.

 

  • Retail: In the retail market, customized shopping experiences are becoming increasingly important, so data analysis tools help retailers implement them. However, there is also a great responsibility to protect this data, which can include more than just shopping habits and login data, but also account details and addresses. Thanks to Internet technologies, augmented reality and face recognition, the shopping experience is becoming increasingly networked, but here, too, stronger networking also entails a greater risk of data loss. Therefore, the creation of a resilient strategy approach is also crucial for the retail sector.

 

  • Telecommunications: Telecommunications companies as Internet service providers are among the industries that are at increased risk for cyber-security. They should include security measures in network infrastructure, software, applications and endpoints to minimize the risk of customer vulnerabilities and data loss. Nowadays, consumers are increasingly wondering who they entrust their data to. For service providers, this is a good opportunity to provide additional security services. In addition, a collaboration between competitors may increase cyberattack resilience.

 

What does this mean for the year 2018?

 

Overall, it can be seen that companies in all industries, as well as individuals, need to improve their cybersecurity awareness, identify the risks, and take appropriate countermeasures. Key competitive advantages are companies investing in security solutions. At the same time, cyber-security must also become an issue for state governments and at the international level where laws and regulations must be adapted accordingly. In addition, governments must invest in training and education or disclosure of cyber-threat threats.

GDPR – What impact will the new #DataRegulation have on the Hotel Industry?

DATASECURITY

Indispensable for reservations and booking, hotels handle large amounts of personal data that need special protection. The hotel must ensure customers are aware of the particular uses of their data. GDPR legislation brings in a large number of transformations. Here below is a brief overview of the challenges that will have to be faced by the various players in the sector.

 

In 2014, the computer security company Kaspersky revealed to the general public the hacking campaign “Dark-hotel” developed in luxury hotels. By penetrating Wi-Fi networks, sensitive data has been robbed via devices of senior executives while they were on a business trip. More recently, in January 2017, an Australian hotel was hit by ransomware. With the possession of the electronic key system, the hackers had locked hotel’s customers in their rooms, forced to pay $ 1,500 in bitcoins on the Dark-web, a price for opening the room’s door.

 

In addition to all other industries, the hotel industry is exposed, as well, to a major challenge: ensuring the security of personal data while dealing with cybercrime. In this perspective, the European Union has adopted the General Regulation on the Protection of Personal Data (RGPD) which is mandatory form from May 25, 2018.

* GDPR is a regulation to strengthen and unify data protection for individuals within the European Union.

 

It redefines the protection of individuals by protecting their personal data with a number of major provisions. Fully concerned, the hotel industry has only two months to anticipate these new obligations in order to strengthen their data protection system.

 

Hoteliers must take responsibility

 

Today, the concerned actors are not aware of the risks essential to personal data and the strict responsibilities upon them. Indeed, the hoteliers have in their hands a colossal amount of personal data that customers entrust fairly easily to the detour of a few clicks.

Customers are invited to book by sharing several private data (full name, postal address, email, credit card information, date of birth). Once the reservation is made, a contract of trust is established between the customer who shared his personal data and the hotel which has the heavy responsibility to protect them.

 

In this logic of responsibility, this need for data protection and integrity naturally extends to service providers, partners and subcontractors (Booking Center, Concierge Services, etc.) to whom the obligations regarding security and confidentiality will have to be met, to be strengthened and clarified. It is easy to understand the impact that any flaw in the concierge service would generate by disclosing the habits and sensitive data of its customers and distinguished guests.

 

According to travel statistics, 93% of customers goes online to find and book a hotel. Taking the example of the Booking.com platform, the industry leader, the client communicates all its personal information which will then be transmitted directly to the hotel. In 13% of cases, this data will be sent by fax which, poorly preserved, can generate a risk for the individual in case of fraudulent use.

 

The penalties for not complying with GDPR are large, at a financial cost of up to €20 million or 4% of worldwide annual turnover (whichever is greater), not to mention the potential reputational cost to a business in the hospitality industry. Even more prejudicial, the contract of trust with customers would be particularly weakened with a reputational risk with serious consequences for the hotel.

 
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Six urgent measures to take

 

It is security that must adapt to the customers and not the other way around. Securing data is a major issue that hotels must prepare to ensure a level of security adapted to maintain and strengthen this relationship of trust between customers and hoteliers.

For that, several challenges will have to be raised by the various actors of the sector:

 

Data mapping: Hotels need to complete a data mapping process to become aware of what data is captured, where its stored, and how it is used before it can begin the process of how to protect and monitor it moving forward. A data mapping process helps to react effectively in case of violation.

 

IT and Security assessment: After data mapping process, the hotel’s hardware and software applications should be reviewed along with hard copy files. A series of encryption codes, pseudonymization techniques, passwords or limitations on access may need to be implemented to protect access and the integrity of the data.

 

Data protection officer: Designate the data protection officer, guarantor of the data protection structure with the responsibility to review the access, archiving, transfer and data protection processes. Data protection officers are responsible for overseeing data protection strategy and implementation to ensure compliance with GDPR requirements.

 

Cleaning up data records: Deleting isn’t required but validating the data that is a must. In this process, a hotelier must reach out to customers to inform them of the new policies and to verify their data and its uses. Document all standard operating procedures and invest in training of all relevant staff members to ensure they have a thorough understanding of the new procedures and the implications of the regulation. Analyze the risks of impacts by assessing the risk of disclosure of personal data by system.

 

Raise awareness and train internal staff: Maintaining GDPR awareness with staff is an ongoing process. Management should provide regular refresher training for all staff to ensure an awareness culture exists to protect against possible breaches.

 

Third party partners: Review contracts with existing partners, contractors and subcontractors to ensure integrity throughout the data cycle. A major change due to GDPR is that data processors are captured by the regulations as well as data controllers.

 

Taking the example of the “ransomware” of the Austrian hotel, It is a call for accountability and awareness for the hospitality industry that requires concrete actions to meet the challenges. This will fully fulfill the contract of trust to the customer by ensuring protection of their data.

#CyberSecurity Landscape in 2018 – The focus is on vertical industries

It is well known that the fourth industrial revolution opens up a multitude of new business opportunities. At the same time, however, the danger for cyber-attacks is also increasing. It’s imperative that companies prepare themselves to put them out of danger zone.

Not only should they think about security solutions directly when planning IT technology, but they should also develop a keen awareness of the corporate culture for security – which requires significant investment. According to Gartner’s estimations, security spending in 2018 will continue to rise sharply globally, reaching around $ 93 billion. For the coming year, this means that Cyber Security will capture some of the key trends.


IT security experts are still in demand

As technology evolves, security expertise needs to adapt to changing needs. The challenge is to train cyber security specialists to acquire and develop the skills in order to become companies “superheros”. Cyber Security Ventures Report predicts there will be 3.5 million cybersecurity job openings by 2021 and 3.5 million will be unfilled. The responsibility lies in the hands of governments, universities, schools and companies to meet this need.


Protection and resilience

In this day and age it is difficult to completely avoid security gaps. Therefore, you should not dismiss them as improbable, but make appropriate arrangements. As a result of this development, the resilience of the IT infrastructure will be more in focus, and not just only prevention. For companies, it is important to talk openly about their own weak points, to raise their awareness and to show responsibility. Funds, till now used to prevent cyber-attacks, must be redistributed to detect security threats in a timely manner and to remain operational in the case of an attack.


Next-generation security solutions are driven by digital ecosystems

In times of the internet of things the protection of customer data becomes more and more important. Vulnerabilities exposing sensitive data can have serious consequences as companies will be held accountable for personal data in the future. This ownership is a major challenge for companies, and it is the responsibility of technology manufacturers to ensure a degree of security for their users. As the need for cyber security solutions and regulations grows, companies need to develop appropriate strategies to minimize any risk. These strategies should not only meet today’s expectations, but also incorporate new business models promoted by new technologies.


Cyber-attacks increasingly sophisticated

Of the e-mails received, around 70% are spam and the majority of them contain phishing messages. Other known threats include rogue programs as Trojan horses, malware or DDoS attacks. Over the past few months, they have led to massive data loss and continued to make company or customer data vulnerable to cybercriminals. With 93% of the attackers, the money is in the cEnter – this shows the latest report from Verizon. Hackers try to gain the highest possible profit through simple tricks and are often successful in smaller companies with inadequate security solutions.


New technologies: a blessing and a curse at the same time

Innovative technologies enable cybercriminals to use sophisticated methods for their attacks. But these innovations can also help build and strengthen defence and protection against hackers. A major threat, for example, comes from artificial intelligence (AI) applications. However, AI can also be used to detect potential risks faster. How important AI is for IT security is an outlook on the global market for artificial intelligence solutions: according to a recent study, it will grow to $ 18.2 billion by 2023. Likewise, the Internet of Things, with an estimated circulation of 22.5 billion networked items, is both a driver of innovation and a door opener for increased threat potential, according to a Business Insider platform report. On the one hand, security becomes a challenge, but on the other hand, the data gained through Internet-enabled devices can help detect breaches early.


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While cyberattacks affect all sectors of the economy, there are still some key sectors that are likely to be particularly vulnerable to cyberattacks:

 

The Financial Sector, BFSI (Banking, Financial Services and Insurance): The BFSI sector is under increasing pressure. This is due to competitors with digital offerings and the constant pressure to modernize their existing systems. The value of customer data is increasing as customers demand more comfortable and personalized service. Nevertheless, trust remains crucial. According to a recent study, about 50% of customers would change banks as a result of a cyber-attack, while 47% would completely lose confidence. Large-scale cyber-attacks have already left a large number of banks victims of a hacker attack. This shows that the sector has to adapt to these risks. So it’s important that banks invest more in security solutions to ensure 24/7 protection. Shared Ledgers will significantly shape the future of the banking sector. The most popular technology, Block chain, will be the backbone of cryptocurrencies like Bitcoin. The block chain method provides permanent records of transactions. It is thus part of the accounting control procedures that cannot be manipulated – and have the potential to completely redesign the BFSI sector.

 

Healthcare: More and more patient data is digitized. In addition, artificial intelligence and Internet-enabled devices will increase the speed of diagnosis and improve patient care. However, the integration of personal data and Internet-enabled devices also entails risks. Earlier this year, Experian predicted that the healthcare sector would be the market most affected by cyber-attacks and WannaCry ransomware, as some examples have already shown. This means that the health sector should similarly invest in risk analysis as the banking sector. In addition, the implementation of industry-wide standards is needed.

 

Retail: In the retail market, customized shopping experiences are becoming increasingly important, so data analysis tools help merchants implement them. However, there is also a great responsibility to protect this data, which can include more than just shopping habits and login data, but also account details and addresses. Thanks to Internet technologies, augmented reality and face recognition, the shopping experience is becoming increasingly networked, but here, too, stronger networking also entails a greater risk of data loss. Therefore, the creation of a resilient strategy approach, such as in the banking and healthcare sectors, is also crucial for the trade.

 

Telecommunications: Telecommunications companies as Internet service providers are among the industries that are at increased risk for cyber security. They should include security measures in network infrastructure, software, applications and endpoints to minimize the risk of customer vulnerabilities and data loss. Nowadays, consumers are increasingly wondering who they entrust their data to. For service providers, this is a good opportunity to provide additional security services. In addition, collaboration between competitors may increase cyberattack resilience.

 

Manufacturing industry: Even the manufacturing industry is not safe from hacker attacks. According to an IBM study, the production industry is the third most vulnerable sector to hackers. In this area hackers focus mainly on spying on data as they are very lucrative. The main objectives are networked machines, robots and 3D printers. Vulnerabilities enable attackers to get production plans. In addition, they can intervene in processes and sabotage productions. These vulnerabilities not only cause high financial damage, but also the lives of factory workers can be at stake. Manufacturers should therefore continue to monitor their production line for vulnerabilities and implement control mechanisms that limit access to other areas of the production system when an area is already affected.

 

Authorities: No organization is immune to security breaches and data misuse, not even government agencies. The main target of attack is data stored in the ministries, from voter information to military defense plans. While governments around the world are increasing their cybersecurity budgets and striving to integrate them as quickly as possible, there are still opportunities for criminals to avoid them. Some organizations are already focusing on funding programs that use white-hat hackers to test the IT system and identify potential vulnerabilities for payment. With the growing number of hacker attacks per year, investment in security is becoming more and more important to governments around the world.


What does this mean for the year 2018?

Overall, it can be seen that companies in all industries, as well as individuals, need to refine their cybersecurity awareness, recognize the risks, and take appropriate countermeasures. Key competitive advantages are companies investing in security solutions. At the same time, cyber security must also become an issue for state governments and at the international level, and laws and regulations must be adapted accordingly. In addition, governments need to invest in education and disclosure of cyber-threat. New regulations also play an important role here, enabling, for example, telecommunications providers to develop and implement suitable solutions against cyberattacks.

2017 Digital Evolution Report – CyberCrime, Digitization, Blockchain and Artificial Intelligence

Cyber-crime, Smart-Cities, Digitization, Blockchain and Artificial Intelligence are those words which really got the hype on the platform of IT in 2017. Cybercriminals have smacked many companies many times. Digitization is progressing despite lame internet connections. Blockchain became Gold Chain and Artificial Intelligence is experiencing an incredible revival.

Key Technologies 2017

Ransomware: The ransom and the cyber blackmailer

 

Ransomware remains a leader in digital security threats. According to ITRC Data Breach report, in 2015 more than 177,866,236 personal records exposed via 780 data security breaches, and the previous mentioned number lift up to 30% in 2016 with security breaches arising on multiple fronts, companies, healthcare systems, governmental and educational entities, and individuals started to realize how real the threat of cybersecurity attacks was. 2017 so far, was a very highlighted year for cyber-crimes. 519 Cyber-attacks were placed from Jan 2017 until September 2017 affecting financial sectors, health-care sectors, gaming companies, containing information about credit cards, health data of billions of people around the world. With all these attacks phishing, spying on webcams or networked household appliances (IoT) remain risky.

 

Very popular in this year’s cyber attack list are the #wannacry and Equifax data breach attacks. These attacks unbaled 300000 computer systems for 4 days and affected financial data on more than 800 million customers and 88 million businesses worldwide and more than 45% of all detected ransomware.

Cyber policies are currently very much in vogue, but in which cases of damage do these insurances actually comes in? ABA, American Bankers Association, explains how companies should best go about finding a suitable policy and what makes good cyber insurance.

 

The General Data Protection Regulation (GDPR): What needs to be changed?

 

Companies only have a few months left to prepare for the new European #DataProtection Regulation. On 25 May 2018, all companies managing personal data of citizens of the European Union will be required to comply with the new regulations and requirements of the General Data Protection Regulation (GDPR).

This regulation will impose significant new obligations on companies that manage personal data, as well as severe penalties for those who’ll violate these rules, including fines of up to 4% of global turnover or € 20 million highest amount being withheld. But what is to change concretely? Here is a “Guide to compliance with the EU GDPR” and a framework to become step by step GDPR-fit.

 

Digital Transformation: Slow Internet connections as a brake pad

 

Digitization is progressing, but most users still complain about slow Internet connections. Despite the 7th place in the worldwide internet ranking, Belgium is still far behind the world’s fastest internet country. Notwithstanding all the shortcomings of the national IT infrastructure, companies are dealing with the technical and organizational challenges that result from the digital IT transformation.

 

The crazy rise of Bitcoin

 

In the period of a year the value of bitcoin has been multiplied by ten. A bitcoin was worth “only” 1000 dollars on January 1, 2017 … and 8000 dollars ten days ago. In April 2017 Japan officially recognised bitcoin and virtual currencies as legal methods of payment. You should know that Bitcoin represents less than 50% of the money supply of all cryptocurrencies in circulation. this is partly explained by the network situation and the rise of the Ethereum currency. Even if bitcoin is a legal in the vast majority of countries around the world, only a few governments have recognized the legal status of bitcoin in a particular regulatory manner.

 

IoT Projects: The 5 Biggest Mistakes and the Five Steps to Success

 

Closely linked to Digital Change is Internet of Things (IoT) and Industry 4.0 projects. Pioneers already pointed out the four biggest mistakes in IoT projects. If a company wants to exploit the potential of the IOT, it means a lot of work and often frustration – the technical, commercial and cultural challenges are manifold. Until an IoT solution is successfully established on the market, many decisions have to be carefully considered.

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But how does an IoT project succeed? Four steps are needed to make an IoT project a success.

 

Blockchain: The new gold chain

The blockchain is a much-debated technology with disruptive potential and three key characteristics: decentralization, immutability, and transparency. It could help to automate business processes, increase the security of transactions and replace intermediaries such as notaries or banks. Blockchain turns out to be the silent revolution that will change our lives. On top of that, it can turn into a gold chain for early adopters.

 

Cloud: Companies use public cloud despite security concerns

For years, companies have avoided the public cloud, as it is difficult to get a grip on in terms of security. However, this year, companies in the EMEA region increased their investment in the public cloud despite ongoing security concerns and lack of understanding of who is responsible for data security. However, caution is still needed to provide attacks such as wannacry.

 

Artificial intelligence

In 2016, Gartner put artificial intelligence and advanced machine learning in first place in its forecast for 2017, stating that this trend was really pronounced during 2017. Briefly 80 % of companies have already invest in Artificial Intelligence (AI). Nevertheless, one out of every 3 deciders believes that their organization needs to spend more on AI technology over the upcoming years if they want to keep pace with their competitors. Artificial intelligence penetrates into all areas of life. But how does it work?

One example is the automated and personalized customer approach to AI. With personalized campaigns and individual customer approach, the marketing of the future wants to win the battle for the buyer. As a rule, the necessary data are already available in companies, but the resources and software tools for their profitable use are not.
In 2018 Businesses will have an availability of AI-supported applications and should therefore focus on the commercial results achieved through these applications that exploit narrow AI technologies and leave the AI in the general sense to researchers and writers of science fiction;

 

The future of the human worker

AI systems can be used without a doubt. The world is becoming increasingly complex, which requires a thoughtful and wise use of our human resources. This can support high-quality computer systems. This also applies to applications that require intelligence. The flip side of AI is that many people are scared about the possibility of smart machines, arguing that intelligence is something unique, which is what characterizes Homo Sapiens. Not only that but many people still think that Artificial intelligence is the new threat to employment. It will replace the man and steal all the jobs. And they thinks that the future is dark.

Yet technological progress has never caused unemployment. On the contrary, since the industrial revolution, employment has multiplied. But, always, with each progress, fears resurge. Today, it is artificial intelligence that scares, or is used to scare. Economic history, and economic science therefore invites us to remain calm in the face of technological progress in general, and artificial intelligence in particular. By allowing the invention of new things to be exchanged, by stimulating entrepreneurship, it is not a danger but only an opportunity.

 

DATA based business models

Data Driven Business Model puts data at the center of value creation. This central place of data in the Business Model can be translated in different ways: analysis, observation of customer behaviour, understanding of customer experience, improvement of existing products and services, strategic decision-making, and marketing of data.

These data can be gathered from different sources, generated directly by the company, processed and enriched by various analyses and highlighted by data access and visualization platforms. Once data is collected, It’s essential to manage the multiple sources of data and identify which areas will bring the most benefit. Tracking the right data points within an organization can be profitable during the decision-making process. This allows an organization’s management to make data-driven decisions while amplifying synergy within the day-to-day operations.
As for revenue models, these can be based on a direct sale of data, a license, a lease, a subscription or a free provision financed by advertising.

 

Survey : Is #CyberSecurity just a discussion topic or a Top Priority?

A Fortinet survey reveals that #CyberSecurity isn’t a top management priority for nearly half of IT decision makers. Respondents believe that the shift to the cloud as part of the company-wide digital transformation will focus more on security.

 

Fortinet announced the results of its new Global Enterprise Security Survey on corporate enterprise security. The survey results show that despite spectacular cyberattacks, nearly half of IT professionals in companies with over 250 employees complain that cybersecurity board members do not give them enough priority or attention. At the same time, however, many IT experts expect the topic of security to become more important as a result of the shift to the cloud as part of the digital transformation within the company.

 

Focus on Cybersecurity

 

Christian Vogt, Fortinet’s Senior Regional Director, said: “Over the years, we’ve seen companies invest more in cybersecurity and more senior executives see it as part of the overall IT strategy. With digital transformation in business and adoption of technologies like the cloud, cybersecurity is no longer just an IT investment, but a strategic business decision”.

 

 

In today’s digital economy, the issue of security, for more and more corporate management, must be a high priority in the basic handling of risks. Only such risk management strategy can better position companies to successfully master their digital transformation.

 

Main results of the survey

 

 

Is Cybersecurity an investment

 

  • 48% of IT decision makers confirm that Cybersecurity is still not one of the top priorities of senior management. However, this isn’t really reflected in the budgets.
  • 61% of companies said they spend over 10% of their IT budget on security, which is considered as a high investment.
  • 71% of respondents said that their IT security budget had risen compared to the previous year.
  • 77% of respondents want the cybersecurity board to better test IT security. IT decision makers are firmly convinced that cybersecurity should be given high priority by management.

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Main reasons why cybersecurity is becoming a top priority

 

The strongest impact on IT investment decisions is the need for ongoing improvements to the IT security infrastructure, which 77% of respondents, IT decision-makers, identified as an important factor.

 

cybersecurity a priority

 

  • In the last two years, 85% of the surveyed companies reported an increase in security breaches and global cyber attacks. The most common attack vectors were malware and ransomware and data breach: 47% of respondents said they had experienced such an attack before.
  • 49% of IT decision makers reported a stronger focus on IT security after cyber attacks around the world, such as #WannaCry. With the scale and nature of global cyber-attacks, corporate leaders are increasingly concerned with security. Therefore, security is no longer just a discussion topic in the IT department.
  • 34% of respondents affirmed increasing regulation, such as #GDPR for European data, as another major reason for the growing awareness of security at the highest level.
  • Conversion to the Cloud Affects Security Priorities. By integrating the cloud as part of the digital transformation within the company, 74% of IT decision makers believe that cloud security is becoming a priority.
  • 77% of the respondents are convinced that cloud security – together with corresponding investments in security – is becoming increasingly important to the board.
  • As a result, half of the respondents (50%) want to invest in cloud security within the next twelve months.

 

About Survey:

 

The Fortinet Global Enterprise Security Survey 2017 was done by Fortinet in July and August 2017 to investigate companies’ attitudes towards security issues. The global study inquired IT decision makers with responsibility or insight into IT security. A total of 1,801 participants from 16 countries (USA, Canada, France, UK, Germany, Spain, Italy, Middle East, South Africa, Poland, Korea, Australia, Singapore, India, Hong Kong and Indonesia) anonymously participated in the survey.

 

Additional Resources

 

#Healthcare Sector – Center of #Cyberattack

HEALTHCARE CYBERATTACK

Nearly 90% of healthcare organizations have been hacked in the last two years. In addition, almost half of them have been exposed to cybercrime more than five times. In 2016, there was not a single week without data piracy or a cyber-attack targeting a health organization somewhere in the world. To be more precious, only during the first three months of 2016, several hospitals were attacked by ransomwares, mostly via blocked access to essential systems for weeks damaging more than 50000 patients records. In 2017, 150 countries were affected by ransom attacks. These number shows that healthcare sector is technically unprepared to combat cybercriminals’ tactics techniques and intrusion procedures.

 

Multiple Vulnerabilities:

Indeed, healthcare organizations are very attractive targets for cybercriminals because they collect, share and store large amounts of highly sensitive personal data, such as medical or banking information, data on insurance and many other details. They also use many connected devices, including highly specialized medical equipment, as well as computers for staff and a growing number of mobile devices. And that’s not to mention the vulnerabilities of medical devices, such as pacemakers or insulin pumps.

 

Intelligent reflections on high technology are currently under way. The problem lies in the fact that most people working in the health field focus primarily on the patient, which is totally normal as far they aren’t cybersecurity specialists. Moreover, like most end users, they are vulnerable to the same types of attacks by cybercriminals to steal information and cause operational damage in other sectors of the industry. However, it would seem, that the main difference is weakness of each sector. According to the findings of the Healthcare Information and Management Systems Society (HIMSS), too many organizations specialized in the field of health do not deploy even the most basic security solutions, such as malware protection tools, firewalls or very simple cryptographic solutions, which is the main cause of this problem.

 

In the other hand, many health organizations do not have to worry about the gaps, concerning cybersecurity, in their systems:

 

  • 86% installed tools against malware
  • 81% use firewalls
  • 64% encrypt the data being transferred and 59% encrypt the stored data
  • 57% deal with patch and vulnerability management
  • 52% installed a mobile device management tool
  • 41% use a Web security gateway and 37% use a security gateway for their email

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Everyone is suffering, and you?

 

No one is better informed about vulnerabilities in the IT systems of the Healthcare sector than cyber criminals themselves. In a black market filled with credit card information and stolen login credentials, medical records, which usually offer the almost complete profile of the individual to whom they belong, are a highly coveted source of enrichment. Even if the data were to lose market value, cybercriminals will continue to design ransomwares and malicious programs to encrypt important data and “hold them hostage” until the organization pays a ransom; no buyer is more willing to pay than the organization that owns this data and absolutely needs it.

 

Cybercriminals are not the only ones to be on the lookout; Wherever they are, health organizations are subject to data protection regulations. The objectives of the European Union’s General Data Protection Regulation (RGPD) to the Health Insurance Portability and Accountability Act (HIPAA) are virtually identical: to ensure the protection of sensitive credentials of all individuals.

 

Medical records are lucrative for a good reason: they usually contain data that remains valid for many years. Whether it is the date of birth, social security number, insurance information or banking data, medical records include all the elements criminals need to launch personalized phishing attacks, commit fraud and Identity theft, or simply monetize information. To obtain this data, they use malicious programs, phishing techniques, as well as malicious web sites, and exploit the vulnerabilities of hard disks and programs of health organizations.

 

Moreover, impaired data involve risks that go beyond financial fraud: they pose a real threat to the safety of the patient. Who are you dealing with? Is this the right medicine and the right dose? Who owns this MRI that I am reading? Is this patient on a diabetic diet? Is the data sharing of this patient secure? Who has access to this data, who can copy them on an external storage device, take them home on his laptop? Is the person I prescribe this prescription really the one she claims to be? Is this person truly a qualified physician or has he / she stolen the identifiers of another?

 

In this environment, protecting the authenticity of data, transactions, access and presence on all systems (and the devices connected to them) isn’t an easy task. As these threats continue to evolve, Healthcare organizations must take an equally agile approach to cybersecurity. A solution based on access to the latest information on threats and available in the Cloud can help them keep abreast of developments in cybercrime techniques. Automatic learning combined with optimal human expertise can certainly help healthcare organizations to anticipate, prevent, detect and respond quickly and appropriately to threats.

 

Piracy, Malicious Attacks and Phishing attacks

 

Criminal attacks are the main cause of data piracy in the health sector and account for 50% of cases. In the course of 2016, a significant number of unwanted e-mails with attachments and malicious links were recorded. Spam and phishing are particularly noteworthy because they are one of the most common and simple ways cybercriminals use to launch attacks and access systems, steal information, or run ransomwares.

 

Healthcare organizations must protect sensitive patient data and business applications from the threats they face. It is preferable for healthcare organizations to adopt an agile approach to cybersecurity that allows them to use the most up-to-date information on threats rather than relying on the widely used traditional techniques for which cybercriminals have developed solutions.

#CyberCrime: Is your #ECommerce Secure enough for Growth?

Advances in technology, logistics, payments, coupled with increasing internet and mobile access have created more than US $1.9 trillion global online shopping arena, where millions of consumers no longer ‘go’ shopping, but literally ‘are’ shopping, at every moment and everywhere via different devices.

The development of each e-commerce business relies heavily on the user experience. But what happens when technologies that aim to optimize this experience can also be the reason of cybercrime?

 

More and more economic sectors are transforming by technology and e-commerce. Improved customer experience, simplified supplier relationships, development of digital marketing operations, disruption of sales techniques are the benefits of these new technologies. While vendors have enthusiastically embraced new technologies, they have been less responsive to cybersecurity:

 

  • 55% say they haven’t invested in this area in the last 12 months
  • 69% of European traders say they have been targeted by cyber attacks
  • 53% of all retail fraud, in the UK, occurs online and represent an overall loss amounting to 100£ million

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When we look at those high level cyber-attacks of companies such as, Target and Home Depot, which have allowed more than 100 million customer records to be hijacked, or we look at #Wannacry worldwide #CyberAttack which infected more than 230000 computer over 150 countries,  it’s very easy to understand why customer’s trust can be affected.

 

  • 19% of consumers say they are willing to stop buying from a cyber-attacked vendor
  • 33% say they would avoid buying from a seller who had been hacked in the last three months for fear of exposing their personal data.

 

Clearly cybercrime does not only affect the perception of clients; E-commerce companies are among the most affected players in recovering from a cyber-attack or an infraction: a study indicates that they need 33 hours to solve problems caused by piracy, 26% reported delays with their customers, and 93% of attacks had affected their ability to function.

 

The same statistics also indicate that cybersecurity is only beneficial to organizations. It’s an element of differentiation, which protects technologies and preserves the continuity of activities. To combat cyber threats, e-traders must be as skilled as cybercriminals. Therefore, #CyberSecurity needs to be integrated at the beginning of any innovation or transformation processes, not added on later. Proper integration into your strategy from the beginning can help you turn your cyber risk into opportunity. Plus, cyber security solutions that can evolve and adapt while leveraging the latest information on threats are essential. However, given the number of channels to be protected, it is important that cybersecurity remains simple, does not create heavy administrative tasks and does not lose sight of the essential: business!

 

Size doesn’t matter!

 

Many small and medium-sized enterprises mistakenly think they are not a target for cybercriminals. The reality is quite different: not only they do have attractive data for criminals, but they are also known for the weakness of their security solutions, making them easy prey:

 

  • 43% of cyber-attacks target small businesses
  • 60% of small businesses go bankrupt within six months of a cyber attack
  • 48% of security violations are due to malicious actions

 

Online commerce is based entirely on customer’s trust. Customers want a more personalized service and a reward for their loyalty. Relationships with suppliers are built on trust and data sharing protection. With loyalty programs merchants of all sizes collect, share and store large amounts of sensitive information such as payment information, supplier contact information and pricing data. This information is stored and shared through devices connected to a network and technologies such as the Internet, mail servers, tablets and smartphones. Associated with the details of a payment card, it is the type of information that strongly attracts cybercriminals:

 

  • Names, addresses, birthdates, phone numbers, e-mail addresses, identifiers, and product preferences gathered within loyalty programs provide valuable data for phishing and identity theft.
  • Billing and pricing information, as well as vendor payment information, may be stolen or exploited for phishing attacks.
  • Connection information about vendors and other third parties can be a very interesting “backdoor” for cybercriminals seeking to attack companies that work with yours.

 

To obtain this data, cybercriminals use malicious programs, phishing techniques, malicious websites and vulnerabilities in the most common programs. For cybercriminals seeking to steal money as quickly as possible, ransomware and DDoS attacks exploit the value your company places on data and operations by keeping them hostage and offline till you pay the ransom fee. In this environment, protecting the availability of systems has never been so difficult.

 

True Cyber Security for E-Commercials

 

It is illusory to think that we can prevent all cyber-attacks. In an environment where it is impossible to block everything, the way traders react to attacks is extremely important. E-retailers must ensure that phishing attacks, malicious programs, threats to mobile devices and cyber threats they face won’t impact their customers and the availability of their e-commerce site.

 

In situations where internal access to third-party websites, unauthorized devices and USB or none-secure devices, traders can adopt a proactive multi-layer approach to cybersecurity. Such positioning allows to overcome the risk of data loss, fraud and downtime that could compromise sales, customer confidence and reputation.

 

Cyber Security solutions for Business must be able to protects users from known, unknown, or advanced threats via multilevel technologies designed to block threats, regardless of the means used. Malware detection, cloud-based threat intelligence must be enforced by next-generation technologies such as artificial intelligence and machine learning algorithms.

Discover 10 tips for Cybercrime Prevention

As a business holder, you are aware that it is important to be well insured. Your building, your equipment, and possibly your staff: each one has an adapted insurance. There is, however, one area that small-medium companies do not always think about: protecting their company’s information, knowledge and data. Yet, their importance is crucial.

You are most probably aware of the computer threat that is hanging around today. You may even think that only multinationals are concerned and have to take action in this area. This is not the case: every company, whatever its size or its activity, must guard against cybercrime.

Cybercrime Prevention

The tips below, developed by Belgian Cyber Security, are a good starting point to know how to protect yourself easily, as well as your business.

 

  1. Cyber threat awareness education

It is crucial for your company that your employees are aware of the various IT threats and the security measures to be taken. In the interest of your business, you should encourage them to use passwords correctly, to communicate and to store digital files in a secure manner.

If your employees only have access to the information they need to fulfill their function, the security risks are automatically reduced.

 

  1. Install antivirus and perform regular scanning

Antivirus is a must in your business! You may think that it is not necessary to install an antivirus because your PC has never been infected before? If you do not have an antivirus scan, you cannot say for sure. Your computer or that of one of your collaborators could indeed be infected with a virus for some time, without you being aware of it. Do you know that a free antivirus protects you from 5% to 10% of cyber-threats? A risk that you should avoid if you want your business to be secure.

 

What if you receive a virus warning?

 

  • Via your own antivirus: follow the steps suggested by your antivirus to solve the problem. You can certainly take this warning seriously.
  • Via a pop-up screen on the Internet: While you surf, never click on a pop-up screen that says your computer is infected. There is a good chance that this warning is false. Instead, close your Internet browser.
  • Via a program, you do not know: never click on warnings from programs you do not know. Close the screen and restart your computer.
  • Via e-mail or phone: Never trust companies, organizations or bodies that call you or send an e-mail to ask you to perform certain manipulations on your computer. Delete the e-mail or hang up

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  1. Keep your system up to date

Use automatic updates as much as possible. A series of programs and various browsers offer automatic updates. If you are using a paid antivirus software (also called security suite), then do not worry! The latter performs its updates automatically.

 

  1. Regularly perform a backup copy

Regularly back-up important data and information. Determine which data should be backed up, how often it should be backed up and where the copy will be saved. Keep this backup in a safe place and make sure it is always disconnected from the network. Also, if you notice that you have been infected, immediately disconnect from the network.

Also, keep information on your computer that is not connected to the network or on paper, such as important e-mail addresses and phone numbers, or information about your Internet service provider.

 

  1. Protect Data

The internal network of your company should in principle give access only to the websites necessary for the execution of your professional activity. This does not mean, however, that all websites for private purposes must be blocked. A good alignment with the members of the company is therefore important.
Nevertheless, a single visit to an unknown or falsified site can be enough to infect your computer. If the web address starts with “https: //”, you can surf safely.

 

  1. Use strong passwords

The longer your password, the more secure it is: numbers, capital letters and symbols make your password more difficult to hack. Plus, reusing the same password several times is not a good idea: if your data is hacked on a site, authors will generally try to use your password on other sites to hack your accounts. For smaller accounts where no banking or personal data is included, it is sufficient to use variants of the same password. Some examples of “less important” accounts: mailbox, social networks and web shops.

Changing your private account passwords once a year is a good idea. In the professional context, we recommend changing passwords even more often, given the sensitive information that circulates there.

 

  1. Secure your mobile devices and wireless Internet

The increasing use of mobile devices is a challenge in the field of security. It’s better to never make online payments or introduce important account passwords when working on an unsecured wireless network.

The BYOD (Bring You Own Device) concept is an increasingly popular approach, which nevertheless creates an additional cyber risk. Indeed, information specific to the company is thus disseminated and consulted on private devices. Draw the attention of your colleagues to the fact that the use of mobile devices entails additional responsibility. Always keep a watch on your mobile devices, check your environment before using them and immediately report theft or loss of a device.

An additional benefit of using a paid antivirus software: you can adapt the number of licenses to the number of users.

 

  1. Do not click any link, image, or video

You receive an e-mail from someone you do not know? Above all, check the sender. Do not open any links or attachments in your emails, even if they look genuine. Criminals use phishing to try to get your personal data for later use.

Some clues to verify the authenticity of an e-mail

  • Unexpected: You have no reason to receive a message from this sender
  • Urgent: a second request for payment, a friend in distress: phishing messages often ask you to act immediately.
  • Spelling errors: check the e-mail address of the sender. In general, it contains misspellings, but this is not always the case. In short, stay alert!
  • Title of civility vague: the title of greeting is very general and does not mention your name? In this case, it may be a falsified message.
  • Payment method: Phishing messages often require unusual forms of payment.

 

  1. Separate private and professional accounts

Do you use the same password for your private and business accounts? Very bad idea! For smaller accounts where there are no bank or personal data, it may be sufficient to use variants of the same password.

Also, give as little personal information as possible if you subscribe to newsletters, forums, etc. The less personal information you have on the Internet, the less likely it will be for you to use it.

 

  1. Delete accounts you do not use

Do you no longer use certain accounts or software? Delete them simply. The more opportunities for cybercriminals, the greater the likelihood of an attack.

 

It’s important to be aware of cybercrime threats, whether it’s on personal or company level, in order to react on them in an appropriate manner. If we ignore them, these security incidents can have a great impact on us, either as individuals or companies.

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