Tag Archive for: Cyber Attacks

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Cyber Protection: Time for New Best Practices to Safeguard Your Business in the Digital Age

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Cyber ProtectionAccording to a recent survey* of IT service providers, ransomware attack downtime costs 23 times more than requested ransom. The average ransom for small and midsize businesses (SMBs) victims jumped 37% to $5,900 from 2018 to 2019.  And lastly, the average cost of ransomware downtime jumped from $46,800 to $141,000, an increase of more than 200%. This underscored the importance of having cyber protection protocols in place in an increasingly digital age.

To add to your cyber security concerns, SMBs fall victim to cyber crime and ransomware attacks even when they have traditional antivirus, email/spam, ad/pop-up blockers, and endpoint protection in place.  67% of IT service providers report their SMB customers fall victim to phishing emails; 30% report that most customers still rely on weak passwords and access management.

The Need for a New Approach to Cyber Protection

Traditional cyber security solutions are no match for many cyber attackers. We need a new modernized approach to ransomware, with business continuity at the core.

Using business continuity as a guiding principle drives new best practices for preventing and responding to cyber security attacks. With a business continuity mindset, you focus on what is needed to keep the business running, and how quickly you can “return to operations”.  When we discuss business continuity, we understand that we need to take steps to prevent disruption, mitigate the scope of potential disruptions, respond effectively when disruptions happen, and have the systems and processes in place to recover quickly.

For over a year, we have promoted and refined our Security CPR®™ managed security services and model to help ensure appropriate data protection and security.

Implementing Security CPR® Managed Security Services Can Help Combat Cyber Threats

Communicate and Educate: Involve everybody in the solution by educating your team on the risks, how to spot and report fraudulent content, and how their behavior can prevent or help an attack.

Protect and Prevent: Implement multi-layer, multi-vector protections that focuses on your people (identities), data, applications, and systems. Our data, our businesses, no longer sit comfortably hidden in a computer room behind a firewall.

Respond and Recover: No defense is perfect. Have services in solutions in place that let you recover and return to operations within a time frame that protects the health of your business. More than getting data and systems back on line, put in place the forensics, legal, public relations, and customer service resources you will likely need in a cyber attack emergency.

Here are 10 Actions you can initiate today to improve your cyber protection:

  1. Ensure your computing environment is protected across multiple attack vectors: Identity, Endpoints, User Data, Cloud Apps, and Infrastructure.
  2. Deploy multi-factor authentication, advanced threat protection, next-gen endpoint protection, and DNS/web protection across your ecosystem for a comprehensive baseline or protection.
  3. Encrypt your data at rest and in transit.
  4. Educate your team on the risk and how their actions can impact the business.
  5. Actively manage your cloud and “as-a-Service” subscriptions, standardize on-boarding and off-boarding of staff and contractors based on role, application needs, and appropriate access to data.
  6. Understand how your team uses your business and unauthorized (“shadow IT”) applications and services.  Reign in shadow IT by ensuring your business systems provide staff with the necessary capabilities.
  7. Test your staff’s behavior related to cyber attacks and follow up with additional coaching and guidance. Discipline and, if needed, terminate those who are unwilling or unable to adapt to the current realities of behavior and risk.
  8. Upgrade from data backup/recovery to a business continuity solution that will get you up and running in minutes or hours, instead of days, should an attack get past your defenses.
  9. Arrange in advance for the legal, forensic, PR, communications, and customer service resources you need to respond to an attack with a potential or actual data breach.  Prepaid breach response services give you nearly instant access, reducing your risks and liability while bundling in baseline cyber insurance coverage.
  10. Get cyber insurance, either a baseline policy bundled with Breach Response services and/or a fully underwritten policy from your business insurance provider.

Please contact us for more information about your cyber protection, available assessments, and solutions. We are happy to schedule a free, no obligation Cloud Advisor Session.

* Global State of the Channel Ransomware Report. Datto, Inc. Oct. 2019.

 

Manufacturers Beware: Attacks on Industrial Equipment are on the Rise

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Automation Cyber SecurityWe have seen the issue ourselves: A malware attack crosses the bridge from your network PCs to the controllers in your industrial machines. Your shop floor comes to a halt until you can recover. The effort is painful as you deal with embedded and stand-aside controllers running out-dated versions of Windows, limited network options, and compatibility issues.

The risk is so great, that ZDNet is reporting that the world’s largest and most well-known hacking contest, Pwn2Own, will focus on software for industrial equipment.  Reflecting the reality of current threats, the sponsoring organizations and the “white hat” hackers themselves see an urgent need to bring the issue of protecting your industrial equipment to the forefront.

Fortunately, best practices can help protect your operations.

While it is not always possible to protect your industrial equipment with “next gen” endpoint protection, you can take steps to protect yourselves from potentially devastating attacks and accidents.

  • Segregate
    • The network on which your production systems run should be physically or logically separate from other networks — office, voice, etc. — running in your business.
  • Isolate
    • Unless the equipment needs to communicate with the manufacturer, cloud-based systems, or other locations, the production systems network should not have paths to the outside world.
    • If the equipment needs to communicate externally, setup secure VPNs for all traffic.
  • Maintain
    • Whenever possible, update and maintain your industrial systems to run current versions of the manufacturer’s software and the underlying operating system.  Too many production machines are running obsolete versions of Windows that cannot be secured from attack.
  • Scan
    • Before moving any software or programming to a system, explicitly scan the files for malware.
  • Educate
    • Communicate with your employees about the risks and steps they can take to prevent a cyber attack to your industrial equipment as well as their computers and other devices.

Please contact us for more information or to assess your risk and discuss solutions.

 

Phishing and Spear Phishing

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This post is part of our Cyber Threat Series.

The Challenge:

Cyber criminals prefer Phishing attacks. Phishing and Spear Phishing remain the primary vector for Malware attacks. Hackers evenly distribute attacks between two variants: Malicious Email Attachment (39.9%)  and Malicious Link (37.4%).

Leveraging human nature, phishing attacks look and feel like legitimate emails. Recipient often miss the cues that the email is fraudulent. We respond by clicking links to malicious websites, opening pictures or videos with hidden downloads, or opening infected attachments.

Advanced phishing attacks correlate public information from social media and pirated information from compromised systems to further personalize the attacks. These advanced attacks do a better job of hiding the malicious intent. As such, even savvy users fall prey.

What to Do:

The best protection is multi-level and multi-vector:

  • Teach your users about the risks and how they can help prevent attacks. User awareness leads to smart decisions on when to trust and when it’s safe to click.
  • Protect your devices with “Next Gen” endpoint protection. This includes your desktops, laptops, and mobile devices. Phishing attacks are usually platform independent and, therefore, trigger from most any email client or application.
  • Protect your email with an independent advanced threat protection (ATP) service. ATP covers inbound and outbound traffic.  ATP uses pre-analysis and testing of links and attachments for mismatched domains, copycat content, and malicious behavior. This “sandboxing” lets the ATP service block attacks from reaching your inbox.
  • Add a DNS and Web Protection solution to your environment.  Web protection blocks infected or fraudulent web sites, including blocking malware on infected sites we trust. DNS protection prevents hackers from corrupting and using your domain identities.
  • Deploy backup/recovery and continuity services that protect your on-premise and cloud data. Should an attack make it through your protections, you should be able to keep your business running while you clean up the damage.

Contact us to discuss your cyber threat protections. The Cloud Advisory session is complimentary and without obligation.

 

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