Vulnerabilities that Enable Security Breach
Hikvision Covers Malware, Ways to Reduce Security Concerns
The Security magazine article, “Three Reasons Cybercriminals Continue to Succeed in Breaching Some of the Biggest Brands,” highlights the risk of security breach and several conditions that enable a successful breach.
From the article: “With the average data [security] breach costing enterprises $1.23 million and fines in the billions now at stake, security professionals, like chief information security officers (CISOs) and business leaders need to band together to align their strategies and budgets with the protection needed to stand up to today’s evolving cyber threats.”
Security breaches cannot be avoided, but understanding some of the risk factors can help organizations mitigate risk. The article references a recent Kaspersky Lab study where 86 percent of CISOs believed that breaches were inevitable.
Digital Transformation and Other Risks
A few trends can widen organizational risk for cyber threats, including digital transformation which gives “cybercriminals more opportunities to find weaknesses to creep into systems and leak or exploit data,” according to the article. Cloud adoption and a growth in the mobile workforce are also cyber risk factors. Internal threats also pose a risk: “What if a malicious insider–an employee perhaps–was to single-handedly work against a company or even combine their efforts with those of an external attacker? To help them through the backdoor, so to speak.”
Prioritizing Cybersecurity Budgets
CISOs are facing budget challenges to fight cybercrime, according to the Kapersky Lab study, leading to increased risk.
The article cites a few reasons that security budgets aren’t being properly allocated:
- They become part of wider IT budgets where priorities are reserved for cloud or other IT initiatives.
- CISO’s find it difficult to get funding approved since they are often not able to guarantee a security breach will not occur.
Asking Questions to Identify Cyber Needs
Cyberattacks happen, so organizations need to determine if they can quickly identify an attack and respond to reduce its impact, according to the article. Asking the right questions when planning or allocating budgets can help. A recommended question for organizations to ask is: How will the money be used to prevent and detect cyberattacks early on?
The article added that “the CISO’s strategy for security needs to be supported by business leaders, otherwise the security team can’t take immediate action when cybercriminals make attempts to interfere with the organizations’ network.”
Click here to read the entire article.
Hikvision Covers Malware, Ways to Reduce Security Concerns
In a recent blog, Hikvision covered a SecurityInfoWatch.com (SIW) article that provided an overview of ransomware, a cybersecurity attack that uses malware to exploit system vulnerabilities.
An excerpt from the article: “Ransomware is a type of malware (malicious software) that locks up a victim’s data so it can only be decrypted with an encryption key, which is provided to the victim once they make a ransom payment, often paid in cryptocurrency such as bitcoin, according to the [SIW] article. Verizon’s 2018 Data Breach Investigations Report uncovered that ransomware accounts for 85 percent of all malware found in healthcare systems and accounts for more than 50 percent of discovered malware.”
Read the blog here.