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State of Cyber Security and Common Enterprise Cyber Threats

State of Cybersecurity

The pandemic crippled many industries and caused a global economic shutdown, yet Information Technology sectors remained relatively uninjured as organizations quickly adapted to remote working models. However, from the recent cyber-attacks, it is evident that the security posture of organizations must be revisited to stay secure in remote work models. Given whatever is happening in the real-world scenario, previously considered good enough practices might not be sufficient to combat cyber threats anymore.


Cyber-Attack is not a battle that can be won but continually fought


Common Threats faced by Enterprises


Ransomware

In recent times, ransomware has been one of the most common cyber-attacks grown more common. In most Ransomware attacks, when there are no backups, businesses have no choice but to pay a huge ransom to unlock their encrypted data or end up with a disastrous data loss and impacted services.


Advanced Endpoint protection solution will quickly detect and mitigate ransomware attacks and effectively stop encrypting organization data. Also organization should have an effective backup solution to survive any ransomware attack. It is essential for an improved cyber-resilience.


Advanced Persistent Threats (APT)

Advanced Persistent Threats, a.k.a APT, are specialized threat groups that deploy special techniques to stay undetected in the network for a prolonged time, eavesdropping and exfiltrating sensitive data along the way.


The danger of APT attacks is that the immediate threat appears to be removed when discovered. Still, backdoors might have been left open by the adversaries, allowing them to return whenever they wanted.


It requires determined Threat Hunting capabilities to stay vigilant against this threat, as even traditional SOC processes didn’t help defend against APT grade threat groups.


Insider Threats

The final major threat faced by the organization is the insider threat, as the risk is from employees, business contractors/associates, or former employees who can cause harmful effects through malice or ignorance. It is harder to detect as the insider has legitimate credentials and access the company's critical data.


Many security products with traditional correlation rules would tag the behavior as regular and not trigger any alerts until they become more complex. A cultured security analyst should be capable of detecting anomalies and malicious intent in user and entity behavior with customized use cases specific to organization practices.


Social Engineering

Social engineering is a technique of collecting various helpful information that can be used in later stages of an attack, either by tricking victims into giving out the information via calls, surveys, and polls or by collecting various openly available information about the asset or victim from the internet sources.


One such example attack is a spear-phishing email campaign, where an attacker targets an individual or a specific group of individuals to deliver weaponized malware emails.

Possessing a solid Email Security Gateway can prevent phishing emails. In contrast, Endpoint Protection with Web security solutions prevents users from visiting malicious web pages, guard devices against malware downloads.


Password Brute Forces

At times even the most seasoned professionals use easily guessed or the same passwords across accounts which is another significant threat for organizations. This practice paves the way for multiple brute-force techniques such as Credential Stuffing (using stolen usernames and passwords from a different data breach), Password Spraying (guessing from a list of common passwords), and it helps attackers to move laterally on the network to compromise more machines and steal data.


Missing Patches

Organizations with poor patch management processes have always been soft targets for attackers. Having a system on the perimeter with a vulnerability for the remote exploit is like inviting adversaries with a red carpet to steal your data. Hinging onto antivirus software to protect your company's system is no longer sufficient as most advanced malware employ various antivirus evasion techniques.


Conclusion

Cybersecurity Awareness is critical for every organization and the awareness should not be limited to deploying an array of security solutions. Nowadays, adversaries use sophisticated exploits and ingenious ways to infiltrate enterprise networks. The best way for enterprises to get protected against such advanced threats is to get equipped with advanced SIEM and Threat Hunting capabilities along with a proactive SOC team standing guard 24*7.


Secure Traces tailored security services help organizations stay protected against real-world cyber threats. Get in touch with cybersecurity experts to know more.

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