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.

Common type of #InternetFraud and How to Avoid them

Internet fraud is happening every day, anywhere in the world. The probability that you’ll ever be a victim is so big. Certainly, if you are a director of a company or if you have a power of attorney at business accounts. Then you belong to the favorite targets of cybercriminals. We all know how cleverly and in an organized way fraudsters work. Currently, cybercriminals use several complex techniques to infiltrate corporate networks discreetly and steal intellectual property or take files hostage without being detected. These attacks are often encrypted in order to escape detection. Once their target is reached, hackers attempt to download and install malicious software on the compromised system. In most cases, the malware is used new, advanced versions that traditional anti-virus solutions are not yet able to identify.

 

We’ve listed below few significant strategies and tools used by cybercriminals to infiltrate your network as well as ways to fight against them.

 

  1. CEO fraud or social engineering

In case of CEO fraud, cybercriminals make their first connection via a phone call. They act as they are calling on the behave of auditors, certified public accountant or a government research service. This way, they are able to collect information about your company’s internal payment procedures. After that, they contact a staff member who has power of attorney to make large payments. They then act as the CEO or CFO of the company and invent a story about a possible foreign acquisition, a difficult tax check or other scenario for which, urgently and confidentially, a large sum of money has to be transferred to an account still never used. Employees who is use to receive a personal call from the CEO are chosen. Sometimes they even go for an external consultancy to increase their credibility.

 

How do you protect your company against CEO fraud?

  • If you get the urgent need to transfer a large amount of money to a new account number, you will then have to pull the alarm bell.
  • Ask to call the applicant back to know their phone number.
  • Make a call back to your CEO to confirm the transfer/payment.
  • Choose for a double signature procedure (cards and PINs) and never leave both signatures to one person.
  • Make a secret contact point (not the CEO or CFO) for confidential or urgent transfer requests.

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  1. Networks attack with malware without interruption

The attacks can come from all the vectors: e-mails, mobile devices, Internet traffic and automated exploits, and believe me, the size of your business does NOT matter. For hackers, you are only an IP address, an e-mail address or a potential candidate for an attack. They use automated tools to perform exploits or to launch phishing e-mail campaigns, day and night.

Unfortunately, many companies do not have the right tools to deal with these attacks. Many of them do not have the tools to pass traffic through a fine comb, protect endpoints, and filter out infected emails. Some of them have firewalls that cannot detect hidden threats in encrypted traffic or rely on limited built-in system memories to store signatures of malicious software.

 

How do you protect your network every minute of every day?

With hundreds of new malware variants developed every hour, organizations need up-to-date, real-time protection against the latest threats. An effective security solution must be continuously updated 24/7. In addition, the available memory on firewalls is insufficient to support the considerable number of types and variants of malicious software.

To be effective, firewalls need to use a network sandbox and the Cloud to provide wider visibility of threats, discover new variants, and improve detection. In addition, ensure that your security solution supports dynamic update protection not only at the firewall gateway, but also at mobile and remote endpoints and your e-mail.

 

  1. E-fraud or phishing

E-fraud is a collective name for fraud through phishing and viruses. The fraudsters will find out your personal registration codes and electronic signatures and will clear your bank account. How are they going to work? For that you’ll certainly receive a fake email in the name of your bank branch with a link to a false login page for PC banking. For the signature code, they call you with the question of stopping your card in your card reader, or you will receive a screen to enter your signature code.

 

How do you protect your business against e-fraud?

  • Choose for a double signature procedure and never leave both signatures to one person.
  • Check everything you sign.
  • Do not share access codes or proxies of your company accounts with your employees.

 

  1. Invoice fraud

In case of invoice fraud, cybercriminals use to replace the billing company’s bank details with their own bank details. They intercept invoices sent by mail and paste them with a – often fluorescent sticker with their own bank details. That mentions the message that the bank’s business has changed. The fraud often comes to light only when the actual billing company sends a payment reminder. They also send emails in the name of the billing company with the same “change account number” message.

 

How do you protect your company from invoice fraud?

  • Ask the billing company to send each invoice both by email and by post.
  • Do not use envelopes with your logo or company name.
  • Do you receive an invoice or email with a “change account number” message? Then verify with a call it takes few minutes but save you from a huge amount loss.

 

  1. Globally attacks and rapid transformation

The success of many cybercriminals rests on their ability to continually reinvent malicious software and share it with peers around the world. In fact, new threats emerge every hour on every continent. Most hackers use an approach similar to that of burglars: they infiltrate, take all they can and go out before someone triggers the alarm. Once succeed, they reproduce this attack on another system.

Others proceed more insidiously and slowly to access larger amounts of data over a longer period of time. Some attacks arrive via the Web, others by e-mail, or enter the network via infected devices that were previously outside the network security perimeter.

 

How to protect your network from global threats via a firewall?

Reacting quickly to threats ensures effective protection. To quickly deploy countermeasures to your firewall and deal with emerging threats, use a security solutions provider that has an in-house and responsive team of protection systems experts. This team must collaborate with the broader community of safety specialists to extend its reach.

A broad domain-based solution uses a comprehensive, cloud-based catalog that lists malware globally and improves analysis of the local firewall. Finally, while a single firewall can identify and block threats based on their origin, a sophisticated firewall incorporates botnets filtering functions to reduce exposure to known global threats. To do this, the firewall blocks traffic from dangerous domains or connections established from or to a specific location.

 

In todays connected world, Cyber-attacks are expanding more then ever, but there are effective defenses. Nevertheless, the victim of an attempted e-fraud? Please contact your banker immediately to block your account before your money disappears. And if you would like to learn more and evaluate counter-attack solutions for your network environment, fill this form and our experts will come back to you asap!

Bridging the skills gap in #CyberSecurity

cybersuverillance

Attackers are not robots or software. They are human beings. As soon as you deploy new defenses, they react quickly to change tactics to cross or break the security bridge. In short, it is an eternal chase. However, effective protection requires both skills and knowledge, an essential aspect often neglected.

 

Technology is only a starting point: 

Security teams are gradually becoming aware of required effort to not get left behind by the advanced attackers. Thus, to better detect the presence of hackers on their networks, advanced technologies are being successfully deployed within companies. Despite this huge investment in high tech security, the attacks continue, and the worst part is that these attacks cause extreme damage. The teams now understand that if the detection is the first important step, they must also be able to prevent, analyze and neutralize attacks. Hence a need for sophisticated security expertise. But then, it is extremely difficult to recruit and retain qualified employees, able to exploit the latest technology and block determined attackers.

 

Security, much more than only a matter of technology: 

Security not only suffers from company’s skimpy budgets, but also a skill gap that threatens so many organizations today in security era. So attracting the right talent and keep them often takes a challenge. Thus, the constraints of resources and personnel can stand in the way of the most effective strategies. According to a recent report from FireEye, that despite threats detection devices, over two-thirds of victims companies were unable to realize themselves. For this they have had to rely on a third party.

 

Also according to this study, even when the company had found itself the incident, the attackers remained on the network for 250 days in average. Knowing that network monitoring tools generate thousands of alerts each day, how can a diligent RSSI distinguish a dangerous threat in those mass alerts?

 

Real time cyber-surveillance: 

At the time when we are inundated with alerts, it’s crucial to understand their meaning and relative importance. Which alerts are actually useful? Which require our immediate attention and which we can be ignored? Identify the attacker and his goals allow you to better assess the risk it represents. Better yet, if you know the procedure, you can anticipate his next actions.

 

To identify and neutralize the attacks, security teams must not only detect but also establish their priority and eliminate false positives. Determined to circumvent detection devices, attackers constantly adapting their tactics.

 
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So you need a system to stay on top of their latest methods and limit the impact of security breaches. Organizations must be able to adapt as attackers change their tactics. This is precisely the role of cyber surveillance.

But again, the cyber surveillance alone is not enough. Security teams must be able to analyze their terminals, networks and newspapers in the light of this information.

 

“Identify the attacker and their goals allows you to better assess the risk it represents”

 

Taking the normal activity as reference point in a given environment, they can identify potential gaps and identify any anomalies that might reveal the presence of attackers.

 

Choosing the right solution: 

How a CISO can ensure that the organization’s staff, policies, processes, practices, and technologies can be proactively protect, shield, and defend the enterprise from cyber threats, and prevent the occurrence and recurrence of cybersecurity incidents commensurate with the organization’s risk tolerance. Here’s what might look like the solution:

Skills – An effective solution must provide the company the expertise and personnel to track the possible signs of advanced network threats. In case of proven violation, the company must have the services of an advanced team to neutralize attacks.

Cyber surveillance – This solution should offer your staff a clear understanding of the context within which the threats target your environment. This information must be complete and validated by experts in malware and cyber surveillance.

Technology – As we’ve mentioned, the technology is the fundamental bedrock of your security architecture. They must be able to identify known and unknown threats. Moreover, whatever the technology deployed, they must be able to protect your business on all the major attack vectors: web, email, mobile devices and terminals.

 

Organizations must ensure that their security architecture must be agile. It must be deeply integrated for an end-to-end view of attacks. It must present a full picture of threats by incorporating internal and external intelligence. And it must take an active, “lean-forward” posture that doesn’t just wait for attacks but anticipates them.

 

Xorlogics is a provider of proven High Quality low cost Software Development and Outsourcing Services. We provide a full suite of information security services and software consultancy that help define cyber security strategy, identify and remediate threats and risks, select and deploy the right technology, and achieve operational readiness to protect from malicious attack. Feel free to contact-us, because we are more than willing to help you!

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