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Ransomware-as-a-Service: The Growing Threat You Can't Ignore

Ransomware-as-a-Service: The Growing Threat You Can't Ignore

Dec 08, 2023 Ransomware / Threat Intelligence
Ransomware attacks  have become a significant and pervasive threat in the ever-evolving realm of cybersecurity. Among the various iterations of ransomware, one trend that has gained prominence is Ransomware-as-a-Service (RaaS). This alarming development has transformed the cybercrime landscape, enabling individuals with limited technical expertise to carry out devastating attacks. Traditional and double extortion ransomware attacks Traditionally, ransomware refers to a type of malware that encrypts the victim's files, effectively blocking access to data and applications until a ransom is paid to the attacker. However, more contemporary attackers often employ an additional strategy. The bad actors create copies of the compromised data and leverage the threat of publishing sensitive information online unless their demands for ransom are met. This dual approach adds an extra layer of complexity and potential harm to the victims. A new model for ransomware RaaS is the latest busin
The Importance of Continuous Security Monitoring for a Robust Cybersecurity Strategy

The Importance of Continuous Security Monitoring for a Robust Cybersecurity Strategy

Nov 14, 2023 Pen Testing / Vulnerability Management
In 2023, the global average cost of a data breach reached  $4.45 million . Beyond the immediate financial loss, there are long-term consequences like diminished customer trust, weakened brand value, and derailed business operations. In a world where the frequency and cost of data breaches are skyrocketing, organizations are coming face-to-face with a harsh reality: traditional cybersecurity measures might not be cutting it anymore.  Against this backdrop, businesses must find ways to strengthen their measures to safeguard precious data and critical assets. At the heart of this shift lies a key strategy: continuous monitoring. Understanding Continuous Security Monitoring in Cybersecurity Continuous monitoring is a dynamic approach that encompasses several techniques to fulfil a multi-layered defense strategy. These techniques can include:  Risk-Based Vulnerability Management (RBVM): Continuous vulnerability assessments across your network with remediation prioritization based on
How to Accelerate Vendor Risk Assessments in the Age of SaaS Sprawl

How to Accelerate Vendor Risk Assessments in the Age of SaaS Sprawl

Mar 21, 2024SaaS Security / Endpoint Security
In today's digital-first business environment dominated by SaaS applications, organizations increasingly depend on third-party vendors for essential cloud services and software solutions. As more vendors and services are added to the mix, the complexity and potential vulnerabilities within the  SaaS supply chain  snowball quickly. That's why effective vendor risk management (VRM) is a critical strategy in identifying, assessing, and mitigating risks to protect organizational assets and data integrity. Meanwhile, common approaches to vendor risk assessments are too slow and static for the modern world of SaaS. Most organizations have simply adapted their legacy evaluation techniques for on-premise software to apply to SaaS providers. This not only creates massive bottlenecks, but also causes organizations to inadvertently accept far too much risk. To effectively adapt to the realities of modern work, two major aspects need to change: the timeline of initial assessment must shorte
Protecting Your Microsoft IIS Servers Against Malware Attacks

Protecting Your Microsoft IIS Servers Against Malware Attacks

Sep 08, 2023 Server Security / Penetration Testing
Microsoft Internet Information Services (IIS) is a web server software package designed for Windows Server. Organizations commonly use Microsoft IIS servers to host websites, files, and other content on the web. Threat actors increasingly target these Internet-facing resources as low-hanging fruit for finding and exploiting vulnerabilities that facilitate access to IT environments.  Recently, a slew of activity by the advanced persistent threat (APT) group Lazarus has focused on finding vulnerable Microsoft IIS servers and infecting them with malware or using them to distribute malicious code. This article describes the details of the malware attacks and offers actionable suggestions for protecting Microsoft IIS servers against them.  An Overview on Microsoft IIS Servers IIS was first introduced with Windows NT 3.51 as an optional package back in 1995. Since then, it has seen several iterations, improvements, and features added to align with the evolving Internet, including support
cyber security

Automated remediation solutions are crucial for security

websiteWing SecurityShadow IT / SaaS Security
Especially when it comes to securing employees' SaaS usage, don't settle for a longer to-do list. Auto-remediation is key to achieving SaaS security.
A Penetration Testing Buyer's Guide for IT Security Teams

A Penetration Testing Buyer's Guide for IT Security Teams

Aug 03, 2023 Penetration Testing / Cybersecurity
The frequency and complexity of cyber threats are constantly evolving. At the same time, organizations are now collecting sensitive data that, if compromised, could result in severe financial and reputational damage.  According to Cybersecurity Ventures , the cost of cybercrime is predicted to hit $8 trillion in 2023 and will grow to $10.5 trillion by 2025. There is also increasing public and regulatory scrutiny over data protection. Compliance regulations (such as PCI DSS and ISO 27001), as well as the need for a better understanding of your cybersecurity risks, are driving the need to conduct regular penetration tests.  Pen testing helps to identify security flaws in your IT infrastructure before threat actors can detect and exploit them. This gives you visibility into the risks posed by potential attacks and enables you to take swift corrective action to address them. Here, we outline key factors to consider before, during, and post the penetration testing process. Pre-Penetrati
How Pen Testing can Soften the Blow on Rising Costs of Cyber Insurance

How Pen Testing can Soften the Blow on Rising Costs of Cyber Insurance

Jul 06, 2023 Penetration Testing / VAPT
As technology advances and organizations become more reliant on data, the risks associated with data breaches and cyber-attacks also increase. The introduction of data privacy laws, such as the GDPR, has made it mandatory for organizations to disclose breaches of personal data to those affected. As such, it has become essential for businesses to protect themselves from the financial and reputational costs of cyber incidents. One solution to help organizations protect themselves is cyber insurance, despite the rising costs of cyber insurance, where the average  price in the U.S. rose 79%  in the second quarter of 2022. Also, with strict eligibility requirements that have emerged in response to risk and sharp spikes in successful breaches during and post-COVID-19, cyber insurance remains essential for organizations to protect sensitive customer information and their own data from falling into the wrong hands. While cyber insurance is not a one-size-fits-all solution and may not cover
The Different Methods and Stages of Penetration Testing

The Different Methods and Stages of Penetration Testing

Mar 15, 2023 Penetration Testing / Cyber Security
The stakes could not be higher for cyber defenders. With the vast amounts of sensitive information, intellectual property, and financial data at risk, the consequences of a data breach can be devastating. According to a report released by  Ponemon institute , the cost of data breaches has reached an all-time high, averaging $4.35 million in 2022. Vulnerabilities in web applications are often the primary gateway for attackers. According to  a World Economic Forum report , just one week after discovering a critical security flaw in a widely used software library (Log4j), more than 100 attempts at exploiting the vulnerability were detected every minute. This illustrates how quickly malicious actors can take advantage of vulnerabilities, highlighting the urgency of regularly assessing and monitoring your system for any vulnerabilities or weak points. The complexity of addressing security challenges in today's digital world is further compounded by the rising use of open-source compo
Does Your Help Desk Know Who's Calling?

Does Your Help Desk Know Who's Calling?

Mar 09, 2023 Password Security / Enterprise Security
Phishing, the theft of users' credentials or sensitive data using social engineering, has been a significant threat since the early days of the internet – and continues to plague organizations today,  accounting for more than 30% of all known breaches . And with the mass migration to remote working during the pandemic, hackers have ramped up their efforts to steal login credentials as they take advantage of the chaos and lack of in-person user verification.  This has led to the revival of the old-school technique of vishing, which, like phishing online, involves using social engineering over the phone to steal sensitive information. Vishing attacks have  been on the rise  as a result, with 69% of companies experiencing them in 2021, up from 54% in 2020. These attacks often take the form of job or tech support scams and can be incredibly convincing. In August 2020, the  FBI along with the CISA  issued a warning regarding remote users being targeted by attackers spoofing organizati
Is Once-Yearly Pen Testing Enough for Your Organization?

Is Once-Yearly Pen Testing Enough for Your Organization?

Jan 26, 2023 Penetration Testing / Vulnerability
Any organization that handles sensitive data must be diligent in its security efforts, which include regular pen testing. Even a small data breach can result in significant damage to an organization's reputation and bottom line. There are two main reasons why regular pen testing is necessary for secure web application development: Security:  Web applications are constantly evolving, and new vulnerabilities are being discovered all the time. Pen testing helps identify vulnerabilities that could be exploited by hackers and allows you to fix them before they can do any damage. Compliance:  Depending on your industry and the type of data you handle, you may be required to comply with certain security standards (e.g., PCI DSS, NIST, HIPAA). Regular pen testing can help you verify that your web applications meet these standards and avoid penalties for non-compliance. How Often Should You Pentest? Many organizations, big and small,  have once a year pen testing cycle . But what
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