Cynet | Breaking Cybersecurity News | The Hacker News

More zero knowledge attacks, more leaked credentials, more Gen-Z cyber crimes - 2022 trends and 2023 predictions. Cybercrime remains a major threat to individuals, businesses, and governments around the world. Cybercriminals continue to take advantage of the prevalence of digital devices and the internet to perpetrate their crimes. As the internet of things continues to develop, cybercriminals will have access to a greater number of vulnerable devices, allowing them to carry out more sophisticated attacks. Cybercrime is expected to become increasingly profitable as criminals continue to find new and better ways to monetize their attack as entry barriers to cybercrime keep going down.  This article discusses key trends we've noticed in 2022 that will likely continue in 2023, which we'll also elaborate on in the upcoming webinar " The Rise of the Rookie Hacker - a new trend to reckon with " on January 11th. Leaked credentials will continue to be the main attack vect...

Businesses know they need cybersecurity, but it seems like a new acronym and system is popping up every day. Professionals that aren't actively researching these technologies can struggle to keep up. As the cybersecurity landscape becomes more complicated, organizations are desperate to simplify it. Frustrated with the inefficiencies that come with using multiple vendors for cybersecurity, often stemming from a lack of integration of a heterogenous security stack, approximately  75% of organizations  are looking to consolidate their cybersecurity technology in 2022 — a 29% increase from 2020. Surprisingly, reducing spend isn't the number one goal for these organizations.  Of the businesses that are consolidating, 65% are doing so to improve their risk posture. Having more cybersecurity tools means a larger threat surface. And when cybersecurity products don't integrate easily, businesses end up with gaps in their protection. Why Companies Need To Consolidate Cybersecu...

Ransomware attacks keep increasing in volume and impact largely due to organizations' weak security controls. Mid-market companies are targeted as they possess a significant amount of valuable data but lack the level of protective controls and staffing of larger organizations. According to a recent RSM survey, 62% of mid-market companies believe they are at risk of ransomware in the next 12 months. Cybersecurity leaders' sentiment is somewhere on the spectrum between "top-of-mind" to "this gives me serious migraines." As ransomware is still the preferred way for actors to monetize their access, there's a dire need to understand organizational levels of preparedness, and to identify and remediate gaps before an attacker can exploit them. Lean cybersecurity teams can quickly gauge their ransomware readiness by following the NIST CSF framework, asking themselves, "Do we have something like this in place?" for each of the core functions: "...

The best line of defense against holiday hacking schemes is a comprehensive  incident response strategy  that focuses on end-user vulnerabilities.  The holiday season is upon us and with it a slew of cybersecurity scams preying on end-user vulnerabilities. Because employees often use their business emails and cell phones as their primary point of contact, these scams quickly become a threat to employer computer systems. With so many people shopping online, tracking shipments, and entering sensitive data across multiple websites, holiday hackers are primed and ready to attack your networks by taking advantage of your employees' online actions and cell phone usage. According to the FBI, the two most frequent types of  holiday scams  include non-delivery and non-payment crimes – when a consumer either pays for a product or service that is never delivered or products being shipped without the seller receiving payment. Cybercriminals are also keen on gift card fr...

The news surrounding the slowing economy has many wondering how much of an impact it will have on their businesses – and lives. And there's good reason to start preparing.  A recent survey by McKinsey & Company found that 85% of small and midsize businesses plan to increase their security spending heading into 2023, while Gartner recently projected that 2022 IT spending will only grow by 3%, down from a 10% growth rate the year before. We're already seeing businesses making cuts and freezing budgets. And smaller organizations that already have limited budgets are more vulnerable than ever. While we are still dealing with the unknown, one thing  is  clear: even as the economy slows down, security threats don't. But there's hope.  A  new eBook  illuminates how one solution can not only help increase security operations efficiency but also provide economic safeguards for security teams that are already strapped for cash.  What is the solution? C...

Cloud computing was the lifeline that kept many companies running during the pandemic. But it was a classic case of medicine that comes with  serious  side effects.  Having anywhere, anytime access to data and apps gives companies tremendous flexibility in a fast-changing world, plus the means to scale and customize IT at will. The cloud is an asset or upgrade in almost every way. With one glaring exception: cybersecurity.  The cloud promised to make companies more secure and security more straightforward. Yet over the same time period that the cloud took over computing, cyber attacks grew steadily worse while security teams felt increasingly overwhelmed.  Why?  We will explain shortly. For lean security teams, the more important question is how to make cloud security work, especially as the cloud footprint grows (a lot) faster than security resources. Will the cloud always cast a shadow on cybersecurity? Not with the strategy outlined in a free eboo...

In the world of insurance providers and policies, cyber insurance is a fairly new field. And many security teams are trying to wrap their heads around it.  What is it and do they need it? And with what time will they spend researching how to integrate cyber insurance into their strategy?  For small security teams, this is particularly challenging as they contend with limited resources. Luckily, there's a  new eBook  dedicated to helping small security teams better understand cyber insurance policies and how they may impact an organization's cybersecurity measures. Background In 1997, the "Internet Security Liability" (ISL) insurance policy was launched at the International Risk Insurance Management Society's convention in Honolulu. Underwritten by AIG, ISL insurance was designed to protect ecommerce retailers like Amazon that were collecting sensitive customer data and storing it on internal networks. It is credited as one of the very first cyber insurance poli...

For cybersecurity professionals, it is a huge challenge to separate the "good guys" from the "villains". In the past, most cyberattacks could simply be traced to external cybercriminals, cyberterrorists, or rogue nation-states.  But not anymore . Threats from within organizations – also known as "insider threats" – are increasing and cybersecurity practitioners are feeling the pain.  Traditional perimeter defenses are not designed to prevent these attacks. They also struggle to keep  external  attackers out. Clever hackers continuously find ways in and "weaponize" their trusted status inside the network to compromise sensitive assets and orchestrate larger attacks. And an increasing number of enterprise resources – applications, devices, data, and even people – now live outside the perimeter. It's difficult to protect these assets with legacy approaches, much less fortify the perimeter to keep attackers out completely. How can you protect your organization in th...

Cobalt, Lazarus, MageCart, Evil, Revil — cybercrime syndicates spring up so fast it's hard to keep track. Until…they infiltrate  your  system. But you know what's even more overwhelming than rampant cybercrime? Building your organization's security framework.  CIS, NIST, PCI DSS, HIPAA, HITrust, and the list goes on. Even if you had the resources to implement every relevant industry standard and control to a tee, you still couldn't keep your company from getting caught up in the next SolarWinds. Because textbook security and check-the-box compliance won't cut it. You've got to be strategic ( especially when manpower is limited! ). And lean. Learn the ropes now.  3 Pro Tips for Building Your Lean Security Framework Without a framework in place, you're either navigating the cyber-risk universe with blinders on — or buried so deep in false positives you couldn't spot a complex attack until it's already laterally advancing. But why build your secu...

The Great Resignation – or the Great Reshuffle as some are calling it – and the growing skills gap have been dominating headlines lately. But these issues aren't new to the cybersecurity industry. While many are just now hearing about employee burnout, security teams have faced reality and serious consequences of burnout for years.  One of the biggest culprits? Alert overload.  The average security team gets tens of thousands of alerts  each day . Many analysts feel like they can't get their heads above water…and are starting to give up. This looks like physical burnout and even apathy. Surveys found that some security analysts feel so overwhelmed they ignore alerts and even walk away from their computers.  In fact, these surveys found that  70% of security teams  feel emotionally overwhelmed by alerts, and more than  55% of security professionals  don't feel fully confident that they can prioritize and respond to every alert that really does ...

New survey reveals lack of staff, skills, and resources driving smaller teams to outsource security. As business begins its return to normalcy (however "normal" may look), CISOs at small and medium-size enterprises (500 – 10,000 employees) were asked to share their  cybersecurity challenges and priorities , and their responses were compared the results with those of a similar survey from 2021. Here are the 5 key things we learned from 200 responses: 1  —  Remote Work Has Accelerated the Use of EDR Technologies In 2021, 52% of CISOs surveyed were relying on endpoint detection and response (EDR) tools. This year that number has leapt to 85%. In contrast, last year 45% were using network detection and response (NDR) tools, while this year just 6% employ NDR. Compared to 2021, double the number of CISOs and their organizations are seeing the value of extended detection and response (XDR) tools, which combine EDR with integrated network signals. This is likely due to the ...

Breaches don't just happen to large enterprises. Threat actors are increasingly targeting small businesses. In fact,  43%  of data breaches involved small to medium-sized businesses. But there is a glaring discrepancy. Larger businesses typically have the budget to keep their lights on if they are breached. Most small businesses ( 83% ), however, don't have the financial resources to recover if they are a victim of an attack.  These small security teams were getting lost in the shuffle...until now.  The rise of XDR  As the threat landscape changes and bad actors continue to evolve their tactics, the industry is responding with new solutions and approaches to the way we do cybersecurity. The most recent evolution of cybersecurity technology is extended detection and response (XDR). There's no doubt you've heard of it. But do you have a firm grasp on what it really is and its unique value? If you shook your head "no" – you aren't alone. Industry exper...

Security incidents occur. It's not a matter of "if," but of "when." That's why you implemented security products and procedures to optimize the incident response (IR) process. However, many security pros who are doing an excellent job in handling incidents find effectively communicating the ongoing process with their management a much more challenging task. Feels familiar? In many organizations, leadership is not security savvy, and they aren't interested in the details regarding all the bits and bytes in which the security pro masters.  Luckily, there is a template that security leads can use when presenting to management. It's called the  IR Reporting for Management template , providing CISOs and CIOs with a clear and intuitive tool to report both the ongoing IR process and its conclusion. The IR Reporting for Management template enables CISOs and CIOs to communicate with the two key points that management cares about—assurance that the incid...

To cash in on a thriving market, a managed security service provider (MSSP) must navigate unprecedented competition and complex challenges. The good news is that demand is through the roof. 69% of organizations plan to boost spending on cybersecurity in 2022.  The bad news is that everyone wants a piece of the pie. MSSPs must outshine each other while fending off encroachments by traditional IT vendors and MSPs. As a result, some MSSPs are succumbing to the squeeze of low margins. Others are struggling to scale successfully.  The most successful MSSPs are taking action to improve their current financial position while laying a foundation for long-term growth. A new eBook, " Your 90-Day MSSP Plan: How to Improve Margins and Scale Up Service Delivery ," to help MSSPs understand the current cybersecurity landscape, their current position in it, what you they're well, and where they can improve the most.  This nine-step plan offers a clear path for MSSPs to boost profitab...

Security and IT teams are losing sleep as would-be intruders lay siege to the weakest link in any organization's digital defense: employees. By preying on human emotion, social engineering scams inflict billions of dollars of damage with minimal planning or expertise. Cybercriminals find it easier to manipulate people before resorting to technical "hacking" tactics. Recent research reveals that social engineering is leveraged in 98% of attacks. As the rapid, ongoing acceleration of remote work raises the stakes, security leaders are fighting back with education and awareness. Resources developed by experts, like this new white paper — " Social Engineering: What You Need to Know to Stay Resilient " — identify the most common tactics, track how these types of attacks are evolving, and provide tips to protect organizations and their end-users. These insights not only inform security practitioners of the latest tactics and emerging threats, but help employees unde...

Are you a CISO, CIO, or IT Director? In your role, you're responsible for breach protection – which means you oversee and govern the process of designing, building, maintaining, and continuously enhancing your organization's security program.  But getting buy-in from leadership can be difficult when they are a non-technical audience. On top of managing your organization's breach protection activity 24/7, you have to find time to figure out how to effectively articulate the risks, potential impacts, and appropriate steps necessary in a way that will convince leadership to invest in the resources required to keep your organization safe. Compounding this is the fact that, while you are focused on things like malware, exploits, and network traffic – your leadership is primarily concerned with operational loss and calculated risk.  How do you bridge the gap and help leadership understand your priorities and your team's business impact? You must identify the security i...