Cyber threats are in the news nearly constantly, and are (or should be) top of mind for executives at every size and type of company. The Global Risks Report 2018, produced by the World Economic Forum, ranks cyber attacks as the third most pressing threat worldwide. Here are some specific concerns regarding IT security, and how you can address them more effectively.
Common Cyber Threats: Phishing, Botnets, and Bad Passwords
This is the most prevalent type of what’s called “social engineering,” which is basically convincing authorized users to do something they shouldn’t. Phishing involves the sending of legitimate-appearing emails that induce readers to click on a link that takes them to a malicious web site or installs malware on their computers.
The culprits execute phishing campaigns for two reasons: they’re easy, and they work. The Executive Summary of the 2018 Verizon Data Breach Investigation Report says, “on average, 4% of the targets in any given phishing campaign will click it. And incredibly, the more phishing emails someone has clicked, the more likely they are to do so again.”
Once a phishing campaign visits your network, time is not on your ally , Verizon adds. “You have 16 minutes until the first click on a phishing campaign. The first report from a savvy user will arrive after 28 minutes.”
And phishing campaigns are getting more sophisticated, evolving into “whaling,” which targets C-level executives, and “spear phishing,” campaigns that target specific individuals or organizations to steal sensitive information or install malware.
A botnet is a network of enslaved computers or other connected devices, created to steal data, send phishing emails, propagate malware, or compromise other networks. A hacker recently created a botnet of 18,000 routers in under 24 hours.
Initially designed to attack connected computers, botnets now also go after Internet of Things (IoT) devices, which are often easy to find, easy to attack, and poorly managed or secured.
As The Washington Post reported in August, “A security audit of the Western Australian government released by the state’s auditor general this week found that 26 percent of its officials had weak, common passwords – including more than 5,000 including the word “password” out of 234,000 in 17 government agencies.”
“Almost 13,000 used variations of the date and season, and almost 7,000 included versions of ‘123.’”
“In one case, the auditors were able to access an agency’s network – with full system administrator privileges – by guessing the password: ‘Summer123.’”
These sad facts are not unique to Australia or its regional governments. Every year, cyber security vendor SplashData publishes a list of the most popular passwords that have been stolen and made public. The two most popular for the past few years – “123456” and “password.”
Cyber Threats: Building IT Defenses
Fortunately, a common set of steps can increase your defenses against these and multiple other cyber threats.
The first of those steps is to discover and map your IT environment, including all hardware and software assets and the relationships that link these to each other, their users, and their tasks. You also need to be able to keep that information accurate, complete, and up to date.
Comprehensive IT Discovery provides a firm foundation for the next step toward better cyber security: effective IT Asset Management (ITAM). With this step, you can impose policies that govern access to and behavior of your critical IT resources. For example, you can require regular scans of those assets to ensure all current patches and updates have been installed.
Once you’ve got discovery and ITAM locked in, you can take a third significant step toward better cyber security: IT Service Management (ITSM). Effective ITSM lets you manage IT incidents, problems, changes, and resource requests centrally and consistently. With effective ITSM, you can also implement and extend automation that performs critical tasks consistently.
Virima: Your IT Security Partner
Virima offers economical, modular, integrated, effective solutions for all three steps toward better cyber security. IT Discovery, ITAM, and ITSM tools from Virima can help you find, map, and manage your IT resources, and deliver the services your users and business require.
They can also help your business identify vulnerabilities and respond to threats more quickly, effectively, and consistently.
Virima features can automatically discover and map your critical IT resources and the interconnections that link them to one another, your applications and services, and your users.
Virima is here to help. To get started, contact us today to schedule a demo and explore the possibilities!