Veriato Insider
By Veriato
Veriato Insider Apr 05, 2021
Insider Risk Looms the Manufacturing Industry: Tips to Mitigate
The rising adoption of digital processes in manufacturing has fundamentally changed how this sector does business. The increased reliance on digitization and network connectivity has sharpened the risks of company data exfiltration, intellectual property damages, and more, especially those stemming from insiders. Insider threat actors operate from a position of trust that allows them to circumvent security and evade detection for months, if not years.
Manufacturing ranks among the top five industries with the highest reported insider breaches and privilege misuse. In Verizon's Data Breach Investigations Report, nearly 40% of the cybersecurity incidents in manufacturing traced to insiders, including partners and third-party vendors. The same report outlined 57% of database breaches to an insider within the organization.
According to a CISA report, the manufacturing sector reported the highest number of insider attacks among companies in the critical infrastructure sector. These incidents can be perpetrated by employees of all ranks, contractors, third-party vendors, and partners resulting in severe damages to businesses of all sizes. IBM's annual Insider Threat report estimates the average cost of insider attacks rose by 31% in 2020 to $11.45 million from the previous two years, and the number of insider incidents climbed by 47%.
Insider security breaches in manufacturing are now an impending reality requiring companies to safeguard themselves. This article dives deeper into the dynamics and challenges leading to the rise of insider incidents in manufacturing and ways to mitigate those.
Insider Threats in Healthcare and Tips to Mitigate
Research data shows insider threat is a dominant risk in the healthcare industry. According to the 2019 Verizon Insider Threat Report, insider threats affected 46% of healthcare organizations. Healthcare is the only industry where insiders were responsible for a higher percentage of breaches than external threat actors (Figure 1). In addition to healthcare staff, contractors, executives, and former employees collectively contribute to the problem.
Combating Social Engineering Threats Through Insider Threat Management
Social engineering is an insidious way of getting "insider access" into an organization's network and data. Threat actors use it to gain sweeping access to carry out sophisticated attacks while evading detection. This "insider" leeway of social engineering makes it an alarming threat that cybercriminals are routinely exploiting now more than ever.
Combating Insider Threats in Remote Learning Environments Introduction
Remote learning is now an inevitable reality for academic institutions. Even before the pandemic, remote learning was on the rise. The pandemic has only made that trend more pervasive and dominant across institutions, most notably among the public schools.
The Multi-State Information Sharing and Analysis Center (MS-ISAC), a federally funded threat intelligence and cybersecurity advisory organization, recorded a 19% increase in cyberattacks targeting K-12 schools in the 2019-2020 school year. Based on the rising trends of alerts from the academic sector, MS-ISAC projects the number of cybersecurity incidents targeting institutions to jump by 86% in the upcoming academic year.
How Insider Threats Impacts the Financial Sector and Tips to Mitigate
Nowadays, financial institutions are the custodians of more than just money. They are also keepers of sensitive personal and financial data. As the financial sector leans more towards the cloud and other digital technologies, this data is exposed to cybersecurity threats
Leveraging National Cybersecurity Awareness Month to Reduce Insider Threats
October is a month that generates much buzz amongst the cybersecurity community. It’s National Cybersecurity Awareness Month (NCSAM) – a time when security professionals work around the clock to raise awareness of growing cyber risks amongst general user communities.
Veriato Podast 2021 - 8
Ransomware has become an annual event for many organizations, costing them millions in lost productivity and revenue. While there have been some notable successes in fighting off this threat, the industry as a whole must continue strengthening its resolve in order to safeguard against future attacks. Part of this can come down to recognizing the role that users and employees play in fighting off these attacks and providing them with info and tools they need to help reduce risks.
The Impact of Ransom Attacks on Supply Chains and Risk to 3rd Parties
This podcast is brought to you by Veriato.com. Today, Michael Owens, the Business Information Security Officer at Equifax, joins Dr. Christine Izuakor to discuss the risk that ransom attacks on a service providers such as Kaseya can have on their downstream client organizations.
The Kaseya ransomware attack is an eye-opener of sorts. The rising success of ransomware attacks lies in bringing business operations to a grinding halt. In attacks similar to Kaseya, several downstream organizations are forced to stop their operations. The recovery period runs into several days, if not weeks.
Whatever be the size of your company, today, every organization has to rely on third-party solutions and personnel. As supply-chain exploits keep rising, the question that looms large for security leaders is "how to keep organizations safe in an era of Kaseya and Solarwinds attacks"?
The Current State of Ransomware: 2021 Edition
In 2020, ransomware attacks increased by 150% from the previous year, and ransom payments grew by 200%. That trend is up in 2021. Within the first six months of this year, many high-profile ransomware attacks targeting critical infrastructure, municipalities, financial institutions, healthcare, and other businesses have hit the headlines. The impact of these attacks spans beyond the victim enterprise, affecting their ecosystem of partners, supply-chain, customers, and even the government.
Learning From The Most Concerning Data Breaches Of 2021 So Far
The escalation in cybersecurity breaches as seen in 2020 has continued well into 2021. According to Verizon’s 2021 DBIR, so far they have looked into 29,207 incidents worldwide. These incidents boiled down to 5,258 confirmed data breaches. An analysis of these breaches shows:
- 85% of breaches involved a human element.
- 61% of breaches involved credential data.
- 10% of breaches involved ransomware, double the previous year.
- Cloud-hosted assets were compromised more than on-premises assets.
Many of these breaches were financially motivated, targeting sensitive data that can be easily monetized and lucratively too.
Human negligence, consistent with previous years, was the biggest threat to security. Cybercriminals are heavily exploiting social engineering tactics to gain a foothold in enterprise infrastructure. The human factor, intentional and otherwise insider threats, needs serious attention.
Navigating Cybersecurity Tool Fatigue & Picking the Right Insider Threat Detection Solution
With so many new vendors pitching "Insider Threat Detection", how do you separate marketing fluff from reality? Join us in our latest Podcast as we discuss selecting the right tool for your unique business needs.
How Insider Threats and the Dark Web increase Remote Work Risks for Organizations
In our latest podcast, we take a deep dive into the gloomiest part of the internet, the “Dark Web” as we try to demystify everything we think we know. This is the realm of internet land where criminals and offenders can be found lurking around every corner. Though there is some truth to this perception, there are also many misconceptions about the Dark Web and its role in the security or insecurity of businesses. Join Dr. Christine Izuakor and a special guest from Equifax, Dr. Michael Owens as we unravel the Dark Web.
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Revisiting 5 Concerning Cyber Trends And Statistics Over The Past Year
In our latest podcast, we discuss 5 of the most concerning trends and statistics over the past year. Join Dr. Christine Izuakor and Frank McGovern, Cybersecurity Architect as they discuss various cybersecurity topics such as the rise of internal threat actors, security and awareness training, and addressing the human element.
Utilizing Employee Monitoring Software For Operational Efficiency And Data Security
Join us in our latest episode hosted by Christine Izuakor and Anthony Lauderdale, Head of Cyber Defense at Zoom, as we discuss the evolution of Employee Monitoring Software, and how the technology can be utilized to increase operational efficiency and data security in the new remote world. We also discuss Insider Threat Detection and how employees could be influenced by financial data to exfiltrate intellectual property.
Extending CyberSecurity Beyond The Office Perimeter
A typical company has various cybersecurity measures in place to make sure all data is secure while employees are at the office. But the Pandemic changed that so how have companies extended those same measures beyond the office into the home? Listen to our latest Podcast with Dr. Christine Izuakor as we discuss.
CyberSecurity Priorities To Focus On In 2021
The 2020 pandemic resulted in significant challenges to health, wealth, business, and cybersecurity. The early part of the year saw a rapid movement to a remote workforce. According to Gartner, 88% of companies sent their workforce home to work during the height of the pandemic. This remote work environment is continuing for many organizations in 2021.
Managing Security And Compliance In A Remote World
The COVID-19 pandemic has had serious repercussions on the global economy and has also forced millions to work remotely from their homes. According to analyst firm Gartner Inc., amid Covid-19, 88% of enterprises shifted to remote working for their employees. And, this Work From Home (WFH) isn't going away in the foreseeable future. With companies such as Deutsche Bank now offering long-term WFH to all employees until July 2021. So how do we continue to manage security and compliance in this new remote world?
User Behavior Analytics & The Zero Trust Approach
Join us as we discuss a zero-trust approach to cybersecurity, starting with User and Entity Behavior Analytics.
Using AI To Detect And Prove Sticky HR Related Issues
Regardless of size, all companies will need to conduct an employee investigation in some shape or form. The key is having a reliable set of data to prove indisputable innocence or guilt. Join Cybersecurity expert, Dr. Christine Izuakor and Intelligence expert, Virgil Capollari as they discuss this topic in detail.
The New Norm In Cybersecurity
Companies will need to permanently account for securing remote workers whether they want to or not. This is the new norm. Join Christine Izuakor and Rolando Lopez as they discuss the measures companies are taking to fully ensure that their company's data is secure both in the office and at home!
Productivity Concerns In The Age Of Remote Work
Join Cybersecurity expert, Christine Izuakor and Insider Threat expert, Stacey Champagne as they discuss productivity concerns In the age of remote work.
UEBA And The Insider Threat
How can advancements in technology support security in the workplace? Join us as we discuss how AI and User Behavior Analytics can help with Insider Threats.
Cybersecurity Trends To Watch in 2020
Join Cybersecurity expert, Christine Izuakor and Becky Selzer from United Airlines as they discuss what Cybersecurity trends to watch in 2020.
Out of Sight, Still in Mind - Monitoring Remote Workers
We're in June and we're witnessing the reopening of the world one industry at a time, but the Narrative still hasn't changed. Employees are still working remotely and Employers are still trying to figure out how to efficiently manage remote employees. Join us as we discuss solutions employers are using to effectively monitor and manage their remote workforce.
The Impacts Of Insider Threats During COVID-19
Numerous companies are reporting an increase in Insider Threat related incidents during the ongoing pandemic. Just as systems are failing, so are the people. The pandemic has caused hardship for many due to sudden layoffs and pay cuts, leaving the door open for numerous potential monetary opportunities through data theft or data exfiltration. This is real and it's a problem. Listen to our latest podcast with cybersecurity expert, Dr. Christine Izuakor and Insider Threat Expert, Leticia Lampkin from Google to learn more!
Recent Fraud Trends Amidst The Ongoing Pandemic
Millions of people all over the world have been forced to work remotely due to the Covid-19 pandemic, and multiple industries have been disrupted in a way never seen on this scale before. What this means is that billions of transactions have shifted online and fraudsters have tried to take advantage, and companies must now adapt fast to thwart this new wave of threats. Companies that succeed in this new world will be those leveraging fraud prevention software that provides advanced detection and prevention capabilities.
Preventing Data Leakage When Employees Leave
Learn how to detect and stop the unauthorized transfer of data when employees leave your company.
Exploring The Fusion Of Cybersecurity With Physical Security - With Dr. Christine Izuakor
Currently, we have siloed security measures whereby cybersecurity systems are monitored separately from physical security systems. But one day in the not so distant future, these systems will be fused into a single unified platform that can shift between analyzing digital and physical threats. Let's explore this concept.
Responding To A Pandemic - A CEO Perspective
Listen to our latest podcast where we talk to the CEO of Veriato, Larry Thompson and discuss how companies are responding to the COVID-19 Pandemic. With companies being forced to work from home, this presents some interesting security issues as 44% of companies in America have never had remote workers before.
The Evolution of Digital Forensics
Like a trail of evidence criminals may leave behind after committing a crime; almost every digital activity leaves virtual fingerprints. Even when culprits attempt to delete evidence and cover their tracks, with the right methods, evidence, can be recovered. Over the last few decades, these types of digital investigations and forensics methods have become critical to solving not only some of the most complex criminal cases but also everyday workplace investigation cases involving employee data theft and other insider threats.
What Is NextGen Threat Hunting?
The FBI recently reported that in 2019, cybercrime cost businesses $3.5 billion, a number they say is likely grossly underestimated. Another study from Accenture that spanned 11 countries across 16 industries found that the complexity of attacks is also increasing. As a result, the average cost of cybercrime for an organization grew from $1.4 million to $13.0 million. The stark reality is that as threat actors advance their techniques, our traditional and conservative methods of defense are no longer as effective as they once were.
Combating Insider Threats During Tax Fraud Season
Digital fraud and theft are forms of cybercrime that involve creative attack tactics and deception, often for financial or personal gain, to steal valuable assets from an entity. Digital fraud can be targeted at a variety of groups and industries. To an individual consumer, digital fraud is often realized in the form of identity theft where attackers use their information to open new credit card accounts, file fraudulent tax returns, and more.
Reducing Cyber Risk With AI and User Behavior Analytics - By Dr. Christine Izuakor
At the end of 2019, Security Intelligence released a report on trends that should influence your security planning for 2020. Near the top of the list was the need for visibility, alignment, and analytics when it comes to cybersecurity. Leaders are coming to terms with the idea that being able to see, understand, and have reliable records of what users are doing with their corporate assets can provide valuable insights when trying to reduce cybersecurity risks within your organization.