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Not only is cybersecurity changing, but the most recent iteration of the general idea, centered around access management, is itself in flux — threats are constantly changing and technology is evolving faster than most industries can implement.
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It’s no secret that organizations are changing the way they operate. Digitization is everywhere, and employees are going from desktops in cubicles to cloud-connected laptops in home offices, coffee shops, and anywhere in between.
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Human error: It’s an everyday occurrence and happens to everyone at some point or another. Unfortunately, when it comes to cybersecurity, human errors, and the human element broadly, can have costly consequences. According to the 2022 Data Breach Investigation Report by Verizon, human error is still a prominent factor when it comes to breaches.
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Third party risk is not new. After all, over half of organizations (51%) were the victim of a third-party data breach in the past year. Third parties are opaque, transient, and harder to govern and limit access to.
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The manufacturing sector continues to be one of the most appealing targets for hackers. It has the largest average payout for a ransomware attack and the consequences are too visible and disruptive to ignore. The result: companies are much more likely to pay ransoms and meet demands.
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It only took two attacks for Brazilian e-commerce platform, Americanas.com, to lose millions. The attacks, over two days in February 2022, didn’t affect physical stores, but rendered the e-commerce side unavailable, and the total loss added up to $183 million.
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The current trends in the cyber landscape are all rotating around one axis — access points. Hackers and cybersecurity professionals alike are all focusing on access points as their means of success — whether that’s to infiltrate or protect those entryways into critical systems, data, and applications. In order to secure access points, you first need to identify them.
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It’s been one year since Colonial Pipeline was infamously hacked, creating fuel shortages, driving up gas prices, and creating a state of emergency. We’ve dug into this hack many times before, but looking back on one of the biggest critical infrastructure attacks shows us both why this cyber incident is so important and how organizations should move forward with their cybersecurity strategies after the many lessons learned from the attack.
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The Financial industry is becoming a hot target for hackers and ransomware, and it’s no surprise — the industry does deal with money, after all. The sector is 300 times more likely to experience a cyberattack than any other industry, and the industry is absorbing the highest cost with an average of $18.3 million lost per cyberattack. But it’s not just the Scrooge McDuck-style pools of coins and cash that cause hackers to turn their eyes to financial institutions. It’s the access. The industry has a vast amount of internal users that can quickly turn into insider threats.
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For a healthcare organization, monitoring access is critical, but that monitoring extends beyond just EMR data — to drug diversion. Drug diversion refers to the illegal distribution of prescription drugs, specifically referring to illegal distribution or abuse by medical professionals. According to the U.S. Department of Justice National Drug Intelligence Center (NDIC), the estimated cost of diversion to public and private medical insurers is more than $72 billion per year.