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Ensuring Data Privacy in Public Clouds

January 24, 2019 — by Radware — 0

Most enterprises spread data and applications across multiple cloud providers, typically referred to as a multicloud approach. While it is in the best interest of public cloud providers to offer network security as part of their service offerings, every public cloud provider utilizes different hardware and software security policies, methods and mechanisms, creating a challenge for the enterprise to maintain the exact same policy and configuration across all infrastructures. Public cloud providers typically meet basic security standards in an effort to standardize how they monitor and mitigate threats across their entire customer base. Seventy percent of organizations reported using public cloud providers with varied approaches to security management. Moreover, enterprises typically prefer neutral security vendors instead of over-relying on public cloud vendors to protect their workloads. As the multicloud approach expands, it is important to centralize all security aspects.

When Your Inside Is Out, Your Outside Is In

Moving workloads to publicly hosted environments leads to new threats, previously unknown in the world of premise-based computing. Computing resources hosted inside an organization’s perimeter are more easily controlled. Administrators have immediate physical access, and the workload’s surface exposure to insider threats is limited. When those same resources are moved to the public cloud, they are no longer under the direct control of the organization. Administrators no longer have physical access to their workloads. Even the most sensitive configurations must be done from afar via remote connections. Putting internal resources in the outside world results in a far larger attack surface with long, undefined boundaries of the security perimeter.

In other words, when your inside is out, then your outside is in.

External threats that could previously be easily contained can now strike directly at the heart of an organization’s workloads. Hackers can have identical access to workloads as do the administrators managing them. In effect, the whole world is now an insider threat.

In such circumstances, restricting the permissions to access an organization’s workloads and hardening its security configuration are key aspects of workload security.

Poor Security HYGIENE Leaves You Exposed

Cloud environments make it very easy to grant access permissions and very difficult to keep track of who has them. With customer demands constantly increasing and development teams put under pressure to quickly roll out new enhancements, many organizations spin up new resources and grant excessive permissions on a routine basis. This is particularly true in many DevOps environments where speed and agility are highly valued and security concerns are often secondary.

Over time, the gap between the permissions that users have and the permissions that they actually need (and use) becomes a significant crack in the organization’s security posture. Promiscuous permissions leave workloads vulnerable to data theft and resource exploitation should any of the users who have access permissions to them become compromised. As a result, misconfiguration of access permissions (that is, giving permissions to too many people and/or granting permissions that are overly generous)
becomes the most urgent security threat that organizations need to address in public cloud environments.

The Glaring Issue of Misconfiguration

Public cloud providers offer identity access management tools for enterprises to control access to applications, services and databases based on permission policies. It is the responsibility of enterprises to deploy security policies that determine what entities are allowed to connect with other entities or resources in the network. These policies are usually a set of static definitions and rules that control what entities are valid to, for example, run an API or access data.

One of the biggest threats to the public cloud is misconfiguration. If permission policies are not managed properly by an enterprise will the tools offered by the public cloud provider, excessive permissions will expand the attack surface, thereby enabling hackers to exploit one entry to gain access to the entire network.

Moreover, common misconfiguration scenarios result from a DevOps engineer who uses predefined permission templates, called managed permission policies, in which the granted standardized policy may contain wider permissions than needed. The result is excessive permissions that are never used. Misconfigurations can cause accidental exposure of data, services or machines to the internet, as well as leave doors wide open for attackers.

For example, an attacker can steal data by using the security credentials of a DevOps engineer gathered in a phishing attack. The attacker leverages the privileged role to take a snapshot of elastic block storage (EBS) to steal data, then shares the EBS snapshot and data on an account in another public network without installing anything. The attacker is able to leverage a role with excessive permissions to create a new machine at the beginning of the attack and then infiltrate deeper into the network to share
AMI and RDS snapshots (Amazon Machine Images and Relational Database Service, respectively), and then unshare resources.

Year over year in Radware’s global industry survey, the most frequently mentioned security challenges encountered with migrating applications to the cloud are governance issues followed by skill shortage and complexity of managing security policies. All contribute to the high rate of excessive permissions.

Read “The Trust Factor: Cybersecurity’s Role in Sustaining Business Momentum” to learn more.

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Now or Never: Financial Services and the Cloud

January 9, 2019 — by Sandy Toplis — 0

I will get straight to the point: The time is right for the financial services (FS) industry to leverage the power of the cloud. It dovetails quite nicely with retail banking’s competitive moves to provide users with more flexible choices, banking simplification and an improved, positive customer experience. Indeed, I am encouraged that roughly 70% of my financial services customers are looking to move more services to the cloud, and approximately 50% have a cloud-first strategy.

This is a departure from the FS industry’s history with the public cloud. Historically, it has shied away from cloud adoption—not because it’s against embracing new technologies for business improvement, but because it is one of the most heavily regulated and frequently scrutinized industries in terms of data privacy and security. Concerns regarding the risk of change and impact to business continuity, customer satisfaction, a perceived lack of control, data security, and costs have played a large role in the industry’s hesitation to transition to the cloud.

Embracing Change

More and more, banks are moving applications on the cloud to take advantage of scalability, lower capital costs, ease of operations and resilience offered by cloud solutions. Due to the differing requirements on data residency from jurisdiction-to-jurisdiction, banks need to choose solutions that allow them to have exacting control over transient and permanent data flows. Solutions that are flexible enough to be deployed in a hybrid mode, on a public cloud infrastructure as well as private infrastructure, are key to allowing banks to have the flexibility of leveraging existing investments, as well as meeting these strict regulatory requirements.

Although the rate of cloud adoption within the financial services industry still has much room for growth, the industry is addressing many of its concerns and is putting to bed the myths surrounding cloud-based security. Indeed, multi-cloud adoption is proliferating and it’s becoming clear that banks are increasingly turning to the cloud and into new (FinTech) technology. In some cases, banks are already using cloud services for non-core and non-critical uses such as HR, email, customer analytics, customer relationship management (CRM), and for development and testing purposes.

Interestingly, smaller banks have more readily made the transition by moving entire core services (treasury, payments, retail banking, enterprise data) to the cloud. As these and other larger banks embrace new FinTech, their service offerings will stand out among the competitive landscape, helping to propel the digital transformation race.

What’s Driving the Change?

There are several key drivers for the adoption of multi (public) cloud-based services for the FS industry, including:

Risk mitigation in cloud migration. Many companies operate a hybrid security model, so the cloud environment works adjacent to existing infrastructure. Organisations are also embracing the hybrid model to deploy cloud-based innovation sandboxes to rapidly validate consumers’ acceptance of new services without disrupting their existing business. The cloud can help to lower risks associated with traditional infrastructure technology where capacity, redundancy and resiliency are operational concerns. From a regulatory perspective, the scalability of the cloud means that banks can scan potentially thousands of transactions per second, which dramatically improves the industry’s ability to combat financial crime, such as fraud and money laundering.
Security. Rightly so, information security remains the number one concern for CISOs. When correctly deployed, cloud applications are no less secure than traditional in-house deployments. What’s more, the flexibility to scale in a cloud environment can empower banks with more control over security issues.
Agile innovation and competitive edge. Accessing the cloud can increase a bank’s ability to innovate by enhancing agility, efficiency and productivity. Gaining agility with faster onboarding of services (from the traditional two-to-three weeks to implement a service to almost instantly in the cloud) gives banks a competitive edge: they can launch new services to the market quicker and with security confidence. Additionally, the scaling up (or down) of services is fast and reliable, which can help banks to reallocate resources away from the administration of IT infrastructure, and towards innovation and fast delivery of products and services to markets.
Cost benefits. As FS customers move from on-prem to cloud environments, costs shift from capex to opex. The cost savings of public cloud solutions are significant, especially given the reduction in initial capex requirements for traditional IT infrastructure. During periods of volumetric traffic, the cloud can allow banks to manage computing capacity more efficiently. And when the cloud is adopted for risk mitigation and innovation purposes, cost benefits arise from the resultant improvements in business efficiency. According to KPMG, shifting back-office functions to the cloud allows banks to achieve savings of between 30 and 40 percent.

A Fundamental Movement

Cloud innovation is fast becoming a fundamental driver in global digital disruption and is increasingly gaining more prominence and cogency with banks. In fact, Gartner predicts that by 2020, a corporate no-cloud policy will become as rare as a no-internet policy is today.

Regardless of the size of your business—be it Retail Banking, Investment Banking, Insurance, Forex, Building Societies, etc.—protecting your business from cybercriminals and their ever-changing means of “getting in” is essential. The bottom line: Whatever cloud deployment best suits your business is considerably more scalable and elastic than hosting in-house, and therefore suits any organisation.

Read the “2018 C-Suite Perspectives: Trends in the Cyberattack Landscape, Security Threats and Business Impacts” to learn more.

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2019 Predictions: Will Cyber Serenity Soon Be a Thing of the Past?

November 29, 2018 — by Daniel Smith — 0

In 2018 the threat landscape evolved at a breakneck pace, from predominantly DDoS and ransom attacks (in 2016 and 2017, respectively), to automated attacks. We saw sensational attacks on APIs, the ability to leverage weaponized Artificial Intelligence, and growth in side-channel and proxy-based attacks.

And by the looks of it, 2019 will be an extension of the proverbial game of whack-a-mole, with categorical alterations to the current tactics, techniques and procedures (TTPs). While nobody knows exactly what the future holds, strong indicators today enable us to forecast trends in the coming year.

The public cloud will experience a massive security attack

The worldwide public cloud services market is projected to grow 17.3 percent in 2019 to total $206.2 billion, up from $175.8 billion in 2018, according to Gartner, Inc. This means organizations are rapidly shifting content to the cloud, and with that data shift comes new vulnerabilities and threats. While cloud adoption is touted as faster, better, and easier, security is often overlooked for performance and overall cost. Organizations trust and expect their cloud providers to adequately secure information for them, but perception is not always a reality when it comes to current cloud security, and 2019 will demonstrate this.

Ransom techniques will surge

Ransom, including ransomware and ransom RDoS, will give way to hijacking new embedded technologies, along with holding healthcare systems and smart cities hostage with the launch of 5G networks and devices. What does this look like? The prospects are distressing:

Hijacking the availability of a service—like stock trading, streaming video or music, or even 911—and demanding a ransom for the digital return of the devices or network.
Hijacking a device. Not only are smart home devices like thermostats and refrigerators susceptible to security lapses, but so are larger devices, like automobiles.
Healthcare ransom attacks pose a particularly terrifying threat. As healthcare is increasingly interwoven with cloud-based monitoring, services and IoT embedded devices responsible for administering health management (think prescriptions/urgent medications, health records, etc.) are vulnerable, putting those seeking medical care in jeopardy of having their healthcare devices that they a dependent on being targeted by malware or their devices supporting network being hijacked.

Nation state attacks will increase

As trade and other types of “soft-based’ power conflicts increase in number and severity, nation states and other groups will seek new ways of causing widespread disruption including Internet outages at the local or regional level, service outages, supply chain attacks and application blacklisting by government in attempted power grabs. Contractors and government organizations are likely to be targeted, and other industries will stand to lose millions of dollars as indirect victims if communications systems fail and trade grinds to a halt.

More destructive DDoS attacks are on the way

Over the past several years, we’ve witnessed the development and deployment of massive IoT-based botnets, such as Mirai, Brickerbot, Reaper and Haijme, whose systems are built around thousands of compromised IoT devices. Most of these weaponized botnets have been used in cyberattacks to knock out critical devices or services in a relatively straightforward manner.

Recently there has been a change in devices targeted by bot herders. Based on developments we are seeing in the wild, attackers are not only infiltrating resource-constrained IoT devices, they are also targeting powerful cloud-based servers. When targeted, only a handful of compromised instances are needed to create a serious threat. Since IoT malware is cross-compiled for many platforms, including x86_64, we expect to see attackers consistently altering and updating Mirai/Qbot scanners to include more cloud-based exploits going into 2019.

Cyber serenity may be a thing of the past

If the growth of the attack landscape continues to evolve into 2019 through various chaining attacks and alteration of the current TTP’s to include automated features, the best years of cybersecurity may be behind us. Let’s hope that 2019 will be the year we collectively begin to really share intelligence and aid one another in knowledge transfer; it’s critical in order to address the threat equation and come up with reasonable and achievable solutions that will abate the ominous signs before us all.

Until then, pay special attention to weaponized AI, large API attacks, proxy attacks and automated social engineering. As they target the hidden attack surface of automation, they will no doubt become very problematic moving forward.

Read the “2018 C-Suite Perspectives: Trends in the Cyberattack Landscape, Security Threats and Business Impacts” to learn more.

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Evolving Cyberthreats: Enhance Your IT Security Mechanisms

November 28, 2018 — by Fabio Palozza — 0

For years, cybersecurity professionals across the globe have been highly alarmed by threats appearing in the form of malware, including Trojans, viruses, worms, and spear phishing attacks. And this year was no different. 2018 witnessed its fair share of attacks, including some new trends: credential theft emerged as a major concern, and although ransomware remains a major player in the cyberthreat landscape, we have observed a sharp decline in insider threats.

This especially holds true for the UK and Germany, which are now under the jurisdiction of the General Data Protection Regulation (GDPR). However, in the U.S., insider threats are on the rise, from 72% in 2017 to an alarming 80% in 2018.

The Value of Data Backups

When WannaCry was launched in May 2017, it caused damages worth hundreds of billions of dollars, affecting 300,000 computers in 150 nations within just a few days. According to a CyberEdge Group report, 55% of organizations around the world were victimized by ransomware in 2017; nearly 87% chose not to pay the ransom and were able to retrieve their data thanks to offline data-backup systems. Among the organizations that had no option other than paying the ransom, only half could retrieve their data.

What does this teach us? That offline data backups are a practical solution to safeguard businesses against ransomware attacks. Luckily, highly efficient and practical cloud-based backup solutions have been introduced in the market, which can help businesses adopt appropriate proactive measures to maintain data security.

Security Concerns Give Way to Opportunities

However, there are concerns with regards to cloud security, as well with data privacy and data confidentiality maintenance. For instance, apprehensions regarding access control, constant and efficient threat-monitoring, risk assessment, and maintenance of regulatory compliance inhibit the holistic implementation of cloud solutions.

But while these concerns act as impediments for companies, they also serve as opportunities for security vendors to step into the scene and develop richer and more effective solutions.

And, make no mistake, there is a definite need for better solutions. According to Verizon’s 2015 Data Breach Investigations Report, even after the Common Vulnerabilities and Exposures (CVE) was published, 99.9% of exploited vulnerabilities went on to be compromised for more than a year, despite the availability of patches.

Why? Despite IT security experts’ insistence on regularly monitoring and patching vulnerabilities in a timely manner, doing so has its challenges; patching involves taking systems offline, which, in turn, affects employee productivity and company revenue. Some organizations even fail to implement patching due to lack of qualified staff. Indeed, more than 83% of companies report experiencing patching challenges.

This is all to say, today’s dearth of effective patch and vulnerability management platforms provides opportunities for vendors to explore these fields and deliver cutting-edge solutions. And with IT security budgets healthier than ever, there’s a glimmer of hope that businesses will indeed invest in these solutions.

Let’s see what 2019 brings.

Read “Radware’s 2018 Web Application Security Report” to learn more.

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Embarking on a Cloud Journey: Expect More from Your Load Balancer

November 13, 2018 — by Prakash Sinha — 0

Many enterprises are in transition to the cloud, either building their own private cloud, managing a hybrid environment – both physical and virtualized—or deploying on a public cloud. In addition, there is a shift from infrastructure-centric environments to application-centric ones. In a fluid development environment of continuous integration and continuous delivery, where services are frequently added or updated, the new paradigm requires support for needs across multiple environments and across many stakeholders.

When development teams choose unsupported cloud infrastructure without IT involvement, the network team loses visibility, and security and cost control is accountable over the service level agreement (SLA) provided once the developed application goes live.

The world is changing. So should your application delivery controller.

Application delivery and load balancing technologies have been the strategic component providing availability, optimization, security and latency reduction for applications. In order to enable seamless migration of business critical applications to the cloud, the same load balancing and application delivery infrastructure must now address the needs of continuous delivery/integration, hybrid and multi-cloud deployments.

The objective here is not to block agile development and use of innovative services, but to have a controlled environment, which gives the organization the best of both DevOps and IT– that is, to keep a secure and controlled environment while enabling agility. The benefits speak for themselves:

Reduced shadow IT initiatives
To remain competitive, every business needs innovative technology consumable by the end‐user. Oftentimes, employees are driven to use shadow IT services because going through approval processes is cumbersome, and using available approved technology is complex to learn and use. If users cannot get quick service from IT, they will go to a cloud service provider for what they need. Sometimes this results in short‐term benefit, but may cause issues with organizations’ security, cost controls and visibility in the long-term. Automation and self-service address CI/CD demands and reduce the need for applications teams to acquire and use their own unsupported ADCs.

Flexibility and investment protection at a predictable cost
Flexible licensing is one of the critical elements to consider. As you move application delivery services and instances to the cloud when needed, you should be able to reuse existing licenses across a hybrid deployment. Many customers initially deploy on public cloud but cost unpredictability becomes an issue once the services scale with usage.

Seamless integration with an SDDC ecosystem
As you move to private or public cloud, you should be able to reuse your investment in the orchestration system of your environment. Many developers are not used to networking or security nomenclature. Using self-service tools with which developers are familiar quickly becomes a requirement.

The journey from a physical data center to the cloud may sometimes require investments in new capabilities to enable migration to the new environment. If an application delivery controller capacity is no longer required in the physical data center, its capacity can be automatically reassigned. Automation and self-services applications address the needs of various stakeholders, as well as the flexible licensing and cost control aspects of this journey.

Read the “2018 C-Suite Perspectives: Trends in the Cyberattack Landscape, Security Threats and Business Impacts” to learn more.

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Using Application Analytics to Achieve Security at Scale

October 16, 2018 — by Eyal Arazi — 1

Are you overwhelmed by the number of security events per day? If so, you are not alone.

Alert Fatigue is Leaving You Exposed

It is not uncommon for security administrators to receive tens of thousands of security alerts per day, leading to alert fatigue – and worse – security events going unattended.

Tellingly, a study conducted by the Cloud Security Alliance (CSA) found that over 40% of security professionals think alerts lack actionable intelligence that can help them resolve security events. More than 30% of security professionals ignore alerts altogether because so many of them are false positives. Similarly, a study by Fidelis Cybersecurity found that almost two-thirds of organizations review less than 25% of alerts every day and only 6% triage 75% or more of alerts per day that they receive.

As a result of this alert flood, many organizations leave the majority of their security alerts unchecked. This is particularly a problem in the world of application security, as customer-facing applications frequently generate massive amounts of security events, based on user activity. Although many of these events are benign, some are not—and it only takes one alert to open the doors to devastating security events, like a data breach.

Not examining these events in detail leaves applications (and the data they store) exposed to security vulnerabilities, false positives, and sub-optimal security policies, which go unnoticed.

Many Events, but Few Activities

The irony of this alert flood is that when examined in detail, many alerts are, in fact, recurring events with discernible patterns. Examples of such recurring patterns are accessed to a specific resource, multiple scanning attempts from the same origin IP, or execution of a known attack vector.

Traditionally, web application firewall (WAF) systems log each individual event, without taking into consideration the overall context of the alert. For example, a legitimate attempt by a large group of users to access a common resource (such as a specific file or page), and a (clearly illegitimate) repeated scanning attempts by the same source IP address, would all be logged the same way: each individual event would be logged once, and not cross-linked to similar events.

How to Achieve Security at Scale

Achieving security at scale requires being able to separate the wheat from the chaff when it comes to security events. That is, distinguishing between large amounts of routine user actions which has little implication for application security, and high-priority alerts which are indicative of malicious hacking attempts or may otherwise suggest a problem with security policy configuration (for example, such as a legitimate request being blocked).

In order to be able to make this separation, there are a number of questions that security administrators need to ask themselves:

How frequently does this event occur? That is, does this behavior occur often, or is it a one-off event?
What is the trend for this event? How does this type of behavior reflect over time? Does it constantly occur at a constant rate, or is there a sudden massive spike?
What is the relevant header request data? What are the relevant request methods, destination URL, resource types, and source/destination details?
Is this type of activity indicative of a known attack? Is there a legitimate explanation for this event, or does it usually signify an attempted attack?

Each of these questions can go either way in terms of explaining security events. However, administrators will do well to have all of this information readily available, in order to reach an informed assessment based on the overall context.

Having such tools – and taking the overall context into consideration – confers security professionals with a number of significant benefits:

Increased visibility of security events, to better understand application behavior and focus on high-priority alerts.
More intelligent decision making on which events should be blocked or allowed.
A more effective response in order to secure applications against attacks as much as possible, while also making sure that legitimate users are not impacted.

Radware’s Application Analytics

Radware developed Application Analytics – the latest feature in Radware’s Cloud WAF Service to address these customer needs.

Radware’s Cloud WAF Application Analytics works via a process of analysis based on machine-learning algorithms, which identify patterns and group similar application events into recurring user activities:

Data mapping of the log data set, to identify all potential event types
Cluster analysis using machine learning algorithms to identify similar events with common characteristics
Activity grouping of recurring user activities with common identifiers
Data enrichment of supplemental details on activities to provide further context on activities

Radware’s Cloud WAF Application Analytics takes large numbers of recurring log events and condensing them into a small number of recurring activities.

In several customer trials, this capability allowed Radware to reduce the number of Cloud WAF alerts from several thousand (or even tens of thousands) to a single-digit (or double digit) number of activities. This allows administrators to focus on the alerts that matter.

For example, one customer reduced over 8,000 log events on one of their applications into 12 activities (seen above), whereas another customer reduced more than 3,500 security events into 13 activities.

The benefits for security administrators are easy to see: rather than drown in massive amounts of log events with little (or no) context to explain them. Cloud WAF Application Analytics now provides a tool to reduce log overload into a manageable number of activities to analyze, which administrators can now handle.

Ultimately, there is no silver bullet when it comes to WAF and application security management: administrators will always need to balance being as secure as possible (and protect private user data), with the need to be as accessible as possible to those same users. Cloud WAF Application Analytics are Radware’s attempt to disentangle this challenge.

Read “Radware’s 2018 Web Application Security Report” to learn more.

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Protecting Sensitive Data: The Death of an SMB

September 26, 2018 — by Mike O'Malley — 1

protecting-sensitive-data-death-of-small-medium-business-960x522.jpg

True or False?

90% of small businesses lack any type of data protection for their company and customer information.

The answer?

Unfortunately true.

Due to this lack of care, 61% of data breach victims are specifically small businesses according to service provider Verizon’s 2018 Data Breach Investigations.

Although large corporations garner the most attention in mainstream headlines, small and mid-sized businesses (SMB) are increasingly attractive to hackers because of the combination of valuable records and lack of security protections. The high priority of sensitive data protection should not be limited to large companies but for organizations of all sizes.

While large corporations house large amounts of data, they are also capable of supporting their data center with the respective necessary protections. The combination of lacking security resources while maintaining sensitive personal information is what makes smaller-sized businesses the perfect targets for attackers. Hackers aren’t simply looking at how much information they can gather, but at the ease of access to that data – an area where SMB’s are largely deficient.

The bad publicity and dark connotation that data breaches hold create a survive-or-die situation for SMBs, but there are ways SMBs can mitigate the threat despite limited resources – and they exist in the cloud.

The Struggle to Survive

Because of their smaller stature as a company, most SMBs struggle with the ability to manage cybersecurity protections and mitigation of attacks – especially data breaches. In fact, financial services company UPS Capital found that 60% of smaller businesses fall out of business within six months after a cyberattack. Unlike business giants, SMBs cannot afford the financial hit of data breaches.

Security and privacy of sensitive data is a trending hot topic in today’s society, becoming more of an influence on customers’ purchase decisions. Customers are willing to pay more for provided security protections. Auditor giant KPMG reports that for mobile service providers alone, consumers would not hesitate to switch carriers if one provided better security than the other, as long as pricing is competitive or even for a moderate premium.

[You might also like: Protecting Sensitive Data: What a Breach Means to Your Business]

One Person Just Isn’t Enough

Many SMBs tend to prioritize their business over cybersecurity because of the false belief that attackers would go after large companies first. Research Center Ponemon Institute reports that 51% of its survey respondents say their company believes they are too small to be targeted. For businesses that do invest in cybersecurity, they narrowly focus on anti-virus solutions and neglect other types of attacks such as DDoS, malware, and system exploits that intrusion detection systems can protect from.

Auto dealerships, for example, are typically family-owned and operated businesses, valued at $4 million USD, with typically an average of 15-20 employees overall. Because of its size, of that number of employees there is typically only one employee that manages the IT responsibilities. Dealerships attempt to satisfy the need of security protection with this employee that has relevant certifications and experience; they are equipped with resources to support their day-to-day tasks, but not to manage high-level attacks and threats. Ponemon Institute’s research reports that 73% of its respondents believe they are unable to achieve full effective IT security because of insufficient personnel.

A study conducted by news publication Automotive News found that 33% of consumers lack confidence in the security protection of sensitive data at dealerships. The seriousness of cybersecurity protection, however, should not correlate to the number of employees but the amount and value of the sensitive data collected. The common error dealerships make isn’t the lack of care in their handling of sensitive data, but the underestimation of their likelihood of being attacked.

Dealerships collect valuable consumer information, both personal and financial – ranging from driver’s license information to social security numbers, to bank account information, and even past vehicle records. An insufficient budget and management of IT security make auto dealerships a prime target. In fact, software company MacKeeper in 2016 revealed a massive data breach of 120+ U.S. dealership systems made available on Shodan – a search engine for connected, but unsecured databases and devices. The source of the breach originated from backing up individual data systems to the vendor’s common central systems, without any cybersecurity protections in place.

The Answer is in the Clouds

Cybersecurity is often placed on the backburner of company priorities, perceived as an unnecessary expenditure because of the flawed perception and underestimated likelihood of being attacked. However, the level of protection over personal data is highly valued among today’s consumers and is enough to be the deciding factor for which OS or mobile app/site people would frequent, and likely which SMB they would patronize.

Witnessing the growing trend of data breaches and the rapid advancements of cyberattacks, SMBs are taking note and beginning to increase spending. It is crucial for organizations to not only increase their security budget but to spend it effectively and efficiently. Research firm Cyren and Osterman Research found that 63% of SMBs are increasing their security spending, but still experience breaches.

Internal security systems may seem more secure to smaller business owners, but SMBs lack the necessary security architecture and expertise to safeguard the data being housed. Cloud solutions offer what these businesses need: a data storage system with better security protection services. Meanwhile, in the same Cyren and Osterman Research report, only 29% of IT managers are open to utilizing cloud services. By utilizing cloud-based security as a solution, small-and medium-sized businesses no longer have to depend on one-staff IT departments, but can focus on the growth of their business. Cloud-based security solutions provide enterprise-grade protection alongside improved flexibility and agility that smaller organizations typically lack compared to their large-scale brethren.

Managed security vendors offer a range of fully-managed cloud security solutions for cyberattacks from WAF to DDoS. They are capable of providing more accurate real-time protection and coverage. Although the security is provided by an outside firm, reports and audits can be provided for a deeper analysis of not only the attacks but the company’s defenses. Outsourcing this type of security service to experts enables SMBs to continue achieving and prioritizing their business goals while protecting their work and customer data.

Read the “2018 C-Suite Perspectives: Trends in the Cyberattack Landscape, Security Threats and Business Impacts” to learn more.

Download Now

Automated Attacks Are Here to Stay

October 18, 2016 — by Dennis Usle — 0

It seems the future is upon us. Some of you may have heard about the attacks on Brian Krebs’ security researcher and journalist, as well as the attacks on OVH French hosting company. The attacks are accounting for the world’s largest DDoS attacks ever on record, 620Gbps and 1+Tbps respectively. If you’ve read up on these attacks, you’ll also be familiar with the fact that automated bot armies are being leveraged by booter or stresser services. These services are offered by “entrepreneurs” for a nominal fee to their paying clientele. Booter services are not new to the realm of DDoS. What’s changed over the years is the scale and scope these automation engines are achieving. The services command and control networks have grown in number of pwn’d bots and increased capabilities of advanced and effective attack tactics. The exponential population growth of insecure internet-connected devices has enabled this. The Internet of Things (IoT) aka IP-enabled cameras, printers, TVs, refrigerators, etc. have certainly contributed in part because these devices were not developed with security in mind.

Shadow IT – Security and DR concerns?

September 6, 2016 — by Prakash Sinha — 0

According to Gartner, on average, 28 percent of IT spend occurs outside the IT department today. IT behind IT’s back, commonly called shadow IT, is primarily driven by easily available cloud services. Mobile growth and work shifting practices enables the shadow IT further with employees’ desire to work from anywhere. Shadow IT are typically services and applications that an organization’s IT department has had no role in selecting or vetting, and IT may not even be aware that these services and applications are being used within the network.

Convenience and productivity are often the drivers for adopting shadow IT. Employees deploy solutions that are not approved by their IT departments and many times, the reasoning is that going through the traditional route for approvals is too complicated or time consuming.

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