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Uncovering the Top Cyber Security Threats Of 2019

By Tom Seest

How Can You Stay Safe Online?

At BestCybersecurityNews, we help entrepreneurs, solopreneurs, young learners, and seniors learn more about cybersecurity.

2019 was an extraordinary year in cyber security. From Russia’s invasion of Ukraine to data breaches that cost organizations billions of dollars, some of the world’s biggest cybersecurity events have caused disruption across businesses and industries worldwide.
NSA is working with partners to protect U.S. military services, combatant commands and the Defense Information Systems Agency (DISA). It also assists customers – from law enforcement agencies to private industry – in building robust cybersecurity systems for their critical missions.

How Can You Stay Safe Online?

How Can You Stay Safe Online?

Is Your Data Safe from the Growing Threat of Ransomware?

Ransomware is a type of malware that encrypts computer files so users cannot access them. In return, the attacker usually demands a ransom in exchange for decrypting them. Businesses affected by ransomware often suffer financial losses as well as data loss of thousands of dollars.
Many attacks involve hackers targeting high-value resources such as servers or smart devices. These systems can store and control information about an organization’s finances, customers, products, or employees.
Cybercriminals frequently exploit security configuration flaws to gain access to organizations and steal data. Common examples of such flaws include a misconfigured password manager, network-attached storage (NAS), or database management system.
Attackers may take advantage of a compromised employee’s email account to send malware. This gives them access to company accounts and other systems without the employee’s knowledge.
To protect against ransomware, companies should regularly back up data and have knowledge of how to decrypt encrypted files if needed. Doing this helps companies avoid having to pay a ransom.
One way to safeguard against ransomware is keeping your software up-to-date and patched, especially the Operating System (OS) on all computers and servers. Doing this reduces the likelihood of infection with ransomware and helps guarantee your systems remain secure from future attacks.
No matter your industry, being proactive with cybersecurity and keeping your software up to date is essential. Doing this helps guard against most malicious malware from ever entering into your system.
Finally, it is essential to implement a robust firewall and endpoint security solution. These measures will shield you against infections that can be sent through email and help stop malware from invading your networks.
In 2022, ransomware gangs will target industrial sectors and infrastructures. Dragos, a cyber security firm, identified 605 attacks against industrial organizations and infrastructures in 2022 – up 87 percent from last year.
Industrial ransomware attacks have increased in frequency and sophistication. Groups employ various techniques to extort victims, such as double extortion – sending demands twice with a threat to release data if not paid. Other techniques employed by these criminals include lateral movement and credential theft.

Is Your Data Safe from the Growing Threat of Ransomware?

Is Your Data Safe from the Growing Threat of Ransomware?

Are Nation-States the Biggest Threat in Cyber Security?

State-sponsored cyberattacks remain the most visible form of malicious activity in today’s global cybersecurity landscape. These operations have become more sophisticated, often employing advanced reconnaissance methods to increase their chances of successfully compromising high-value targets through credential harvesting, malware distribution, and Virtual Private Network (VPN) exploits.
State-sponsored cybercrime attacks differ from organized cybercrime in that they are typically motivated by political objectives. State-sponsored threats aim to control infrastructure and other critical systems used by military organizations, energy providers, or government agencies within a nation’s borders.
State-sponsored cyberattacks can cause massive disruption and financial harm, but they tend to be more complex and difficult to defend against than other types of incidents. Therefore, companies need to create strategies in order to safeguard their networks and data from these attacks.
State-sponsored attacks are the most frequent type of cybercrime. These may include denial-of-service (DoS) attacks, espionage/disinformation campaigns, hacking, and phishing attempts. Some state actors also engage in data exfiltration, sabotage operations, and social engineering schemes.
State-sponsored attacks are increasingly targeting the supply chain. Hackers have begun targeting vendors and third parties who provide software and hardware to high-value companies. According to the September 2020 Microsoft Digital Defense Report, nation-state attacks against these vendors increased by 78 percent between 2017 and 2020.
State-sponsored actors are employing cyber attacks not only to steal personal information but also to engage in social engineering and opinion manipulation – often with a view of increasing political support for their cause. Examples of such tactics include hacking into a newspaper to publish an article critical of Russia’s President Vladimir Putin, spreading disinformation online about an Australian mining company’s alleged environmental record, and sending malicious emails to targeted citizens of Iran and India.
Governments can impose sanctions to punish or deter state-sponsored attackers, but these measures are less effective in some regions. Sanctions may not be applied consistently or to suspected perpetrators who have fled their home country or are hiding out. Furthermore, sanctions are difficult to implement where rules of engagement and international humanitarian law do not clearly apply.

Are Nation-States the Biggest Threat in Cyber Security?

Are Nation-States the Biggest Threat in Cyber Security?

Are Your Applications and Cloud Secure? A Look Back at Cyber Security in 2021

Two of the most crucial areas in cyber security are application and cloud security. It’s essential to protect sensitive information, particularly now that more companies are moving their operations online. By having effective security practices in place, businesses can prevent breaches of sensitive data and avoid costly fines or penalties that could otherwise occur.
Over the last few years, cloud adoption has grown rapidly. Unfortunately, this has also presented organizations with numerous challenges when it comes to protecting their data in the cloud. For instance, leaks from unprotected AWS S3 buckets have caused major issues for many firms.
Cloud-native applications are often insecure due to a lack of security controls and encryption methods. They’re vulnerable to attacks from malware, phishing attempts, and other types of cybercrimes.
Another major issue is that cloud services are vulnerable to outages and misconfigurations from time to time, potentially resulting in the loss of vital business data for any organization.
Cloud applications are complex and typically depend on multiple third-party libraries from unknown sources, making them vulnerable to malware attacks. Therefore, businesses must ensure they implement adequate security measures for protection.
Organizations should implement a comprehensive cloud security solution that can detect and block all known threats across all of their cloud-based assets. This includes monitoring all access points, network connections, and APIs that could be vulnerable to attack.
This helps protect a company’s data in the cloud from hackers, who could potentially cause huge losses of goodwill and money. Furthermore, it reduces downtime and enhances performance and customer satisfaction levels.
Cloud security solutions exist, such as tools, technologies, and business perspectives, that can limit or thwart cyber threats. These include data loss prevention (DLP), identity and access management (IAM), malware protection, and security incident event management (SIEM). Organizations should implement an integrated cloud application security strategy to safeguard their applications from all types of attacks.

Are Your Applications and Cloud Secure? A Look Back at Cyber Security in 2021

Are Your Applications and Cloud Secure? A Look Back at Cyber Security in 2021

Is Your Business Protected? Exploring the Role of Insurance in Cyber Security

Insurance is a way to safeguard people and things against risks that are out of their control. It’s like having an enormous rainy day fund that is shared among many and managed by an insurance company; when someone files a claim, the insurer promises them a certain amount of coverage.
Cyber insurance is an expanding type of coverage designed to safeguard businesses against cyber security threats such as data breaches, financial fraud, and ransomware attacks.
Insurance policies can cover the costs to remediate a cyber attack, including attorney fees, public relations work, and hiring experts to identify the source of the attack so that future incidents can be avoided. Policies are customizable to fit the needs of any business – from large enterprises to small startups.
This type of policy is especially advantageous for companies that rely on technology and their internal networks to achieve mission-critical goals, which could suffer significant operational losses in the event of a cyber incident. These include lost profit, expenses to implement security controls, and interruptions to operations.
A cyber security audit of an organization’s cybersecurity infrastructure can help the business determine whether it qualifies for a policy and which provider offers it at a competitive price. This can be done online by searching different providers or working with a broker who can give you a quote.
The cost of cyber security insurance varies based on a business’s size and complexity as well as the insurer’s risk rating. Insurers are more likely to provide a policy if your organization has robust cybersecurity controls in place.
There are various types of coverage available in this area, such as first-party liability and third-party liability. You can purchase these policies separately or add them onto your current business policy.
Cybersecurity liability coverage helps businesses cover the costs of a lawsuit from customers harmed by a cybersecurity incident. This policy is recommended for businesses that accept digital payments or store personally identifiable information (PII) about their customers, such as credit card info.

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