Charles Leaver, Ziften CEO writes
Current evidence suggests that the notion of cyber security will be a big problem for banks and utilities over the next couple of years. An organization that operates in an industry sector where a cyber attack could have a destabilizing effect, which includes the oil and gas and banking markets, actually has to have a strategy on how it will safeguard its servers from such attacks. It may not be considered as a serious risk yet to the typical person however attempts to hack the networks of these organizations might destabilize water supplies, power lines and more. The most effective method for security teams within these companies to prevent their servers from ending up being breached by cyber criminals is to deploy modern software applications in addition to other security techniques to develop robust defenses.
A recent review by the AP News agency revealed that cyber attacks on federal networks had increased from 30,000 to 50,000 since 2009 which is a 66% boost. A study of professionals by Pew Research center stated that 60% of them believed that the United States would suffer from a significant cyber attack by 2025, where the fallout would be ravaging and extensive. Widespread indicated a substantial loss of life and property losses totaling billions of dollars. It was felt that these occurrences were most likely since the opportunity cost of waging a cyber war was so low. Cyber lawbreakers can infiltrate the infrastructure and after that hide behind plausible deniability. Although this might look like a warning for the government only, it is likely that any cyber criminal group wishing to attack at the federal level would first practice on private sector servers in order to both test their cyber attacks and to get much needed money and other resources.
What Is The Relationship Between Public And Private Security?
There may be a number of different reasons that a hacker will target a company in the oil and gas or finance sectors, some resemblances do exist. If the objective was to destabilize the day-to-day lives of residents of the U.S. then either market would suffice. This is the factor that cyber security for those institutions is a matter of nationwide issue. Organizations in these sectors need to monitor the national understanding of cyber security so that they can safeguard themselves from the many possible cyber attacks that may present an issue for them. They need to comprehend the requirement for cyber security defense such as endpoint threat detection and response systems, malware and anti-virus suites, firewalls and encryption is vital for these organizations. In the future the threat from these advanced cyber attacks will increase, and those companies that are not totally prepared to deal with these attacks and get breached will have to deal with a public that will be really angry about their data being stolen.
Network security at the fundamental level includes ensuring that constant updates are applied to security systems and executing the most suitable security systems. The deployment of endpoint threat detection and response systems will minimize a number of these problems by putting a human in control of keeping track of data as it flows through the network and offers user-assisted tools. Network usage will be more easily noticeable utilizing this software application and it will be a lot easier to identify if any services are being misused. Endpoint threat detection software needs to be executed if a totally featured cyber security system that offers the highest level of protection is preferred.
Written By Ziften CEO Charles Leaver
There are many business seasons each year and it is important that leaders of companies comprehend what those time periods mean for their for their cyber security defenses. In the retail sector the Christmas shopping season represents a spike in consumer spending, however it also represents a great time for cyber criminals to try and take customer data. When tax season shows up, companies are busy preparing everything for government agencies and accountancy companies and this can be a susceptible period for cyber attacks.
Tax Season Represents A Chance For Cyber Crooks
With tax returns now gone digital there is no need for US residents to mail their income tax returns by the due date as all can be done utilizing the Web. This is definitely much faster and easier however it can introduce security threats that organizations must understand. When there are significant amounts of data being transferred a golden chance exists for hackers to access info that is owned by the organization.
There have actually been a variety of cyber security attacks during tax season before, and this has raised concerns that the hackers will be ready and waiting again. The recent Anthem breach has led market experts to predict an increase in tax fraud hacking in the future. In this breach that impacted 80 million people, there was a massive quantity of personal data such as social security numbers stolen according to Kelly Phillips Erb who is a Forbes contributor.
In Connecticut, residents have been prompted by the Department of Revenue Services to submit their income tax returns early, and act ahead of the cyber crooks so that their data is not found and their identity taken.
Fraudulent Activity Detected By Tax Software
To make matters worse, there have actually been some security interest in one of the country’s most popular tax software application brand names. USA Today exposed that TurboTax officials found an increase in cyber criminality related to their product. A number of unapproved users had actually been using taken individual data to file fake income tax returns with state governments. The company took the safety measure of briefly stopping all users from filing state taxes until an investigation internally was finished.
This cyber crime was subsequently shown to be unconnected to the TurboTax software application, but the event reveals what a challenge it is for cyber security professionals to stop instances of tax scams today. Even if the TurboTax software application was flawed, it most likely wouldn’t affect organizations much, since they use accounting companies to handle their tax returns. Accounting firms likewise have to do what they can to prevent a cyber attack, which is why companies must be proactive and protect their delicate data.
Remaining Protected At The Business Level
When it is time for large organizations to prepare their income tax returns they will use a large number of accountancy personnel and the services of external companies in all likelihood to collate their financial information. When this is occurring, more attack verticals are open to cyber wrongdoers and they could penetrate an organization undiscovered. If they have the ability to do this then they will have access to many files associated with business documents, financial data and staff member records.
If you want to protect your company in the coming tax season, concentrate on best practices of cyber security and enact defensive measures that completely cover business environments. Conventional tools like firewalls and anti-viruses programs are an excellent place to start, however more sophisticated options will be needed for those cyber attacks that can take place undiscovered. Endpoint threat detection and response is necessary here, as it allows company security teams to discover suspicious activity quickly that might have gone undiscovered. If such an attack was to penetrate the network then this might be the start of a large scale security breach.
Cyber security procedures are continually developing and aim to keep pace with the methods that hackers employ. Basic network level defenses might capture a lot of cyber attacks however they will not have the ability to prevent all of the attacks. This is where high quality endpoint threat detection and response is required. It will supply visibility throughout all of the endpoints of a company, and can properly distinguish between harmful activity and something spurious. This will enable security teams to better secure the data of the company.
Written By Charles Leaver CEO Ziften
If you are in doubt about malware threats increasing then please read the rest of this article. Over the past couple of years there have been a variety of cyber security research studies that have disclosed that there are millions of brand-new malware hazards being produced each year. With minimal security resources to deal with the number of malware hazards this is a genuine concern. All companies need to look carefully at their cyber security procedures and try to find areas of improvement to resolve this real hazard to data security.
Not all malware is the same. A few of the malware strains are more malicious than others, and security personnel need to understand the malware hazards that can cause real damage on their organization. It was noted that some malware could be categorized as more annoying than threatening according to George Tubin who is a security intelligence contributor. Yes they can cause problems with the efficiency of computers and require elimination by tech support personnel, but they will not trigger the exact same level of problems as the malware that affected Target and Sony with their cyber attacks.
Advanced malware attacks ought to be the focus of security teams discussed Tubin. These harmful strains, which are small in number compared with common malware strains, can cause significant damage if they are enabled to penetrate an organization’s network.
Tubin stated “because most malware detection software is developed to discover basic, known malware – and due to the fact that basic, known malware represents the huge bulk of business malware – most organizations falsely believe they are discovering and getting rid of essentially all malware threats.” “This is precisely what the advanced malware hackers want them to think. While lots of organizations are satisfied with their malware detection statistics, this small sliver of advanced malware goes undiscovered and stays in position to cause disastrous damage.”
The Integrity Of Data Is Under Serious Threat From Sophisticated Malware
There are zero day malware threats, and these can penetrate the defenses at the boundary of the network without being detected and can remain active within the network for months without being seen. This means that cyber bad guys have a great deal of time to gain access to delicate data and steal crucial details. To eliminate sophisticated malware and keep the organization environment secure, security personnel should install sophisticated endpoint threat detection and response systems.
It is important that companies can monitor all of their endpoints and make sure that they can determine malware hazards quickly and remove the threat. Cyber criminals have a variety of alternatives to make the most of when they target an organization, and this is much more of a problem as organizations become more complex. Personal laptop computers can be a real gateway for cyber criminals to penetrate the network discusses Tubin. When a laptop links to a point that is unsecure beyond the environment, there is a great chance that it can be jeopardized.
This is a genuine factor highlighting why security teams need to honestly assess where the greatest vulnerabilities are and take corrective action to fix the issue. Endpoint security systems that continuously monitor endpoints can provide immense benefits to companies who are concerned about their network defenses. At the end of the day, an organization should enact cyber security procedures that match their requirements and resources.