This post has actually been written by Chuck Leaver, Chief Executive Officer Ziften Technologies.
In a report it was revealed that breaches of consumer data means that there are increasingly more identity thefts being carried out nowadays. This is extremely worrying for all of us.
The report was carried out by the National Consumers League and it exposes that in the year 2013, around 33% of consumer data breaches resulted in identity fraud, and this means that the figure has tripled since the year 2010. This worrying rise can be explained by some clear reasons. Cyber lawbreakers are using a lot more advanced methods now and there is a lack of cyber attack laws that require companies to reveal when they have had an attack. To make matters worse there are few organizations using endpoint detection and response systems to protect their data. All this means that we are entering an environment where consumers are discovering that their data is continuously under attack by dishonest hackers.
John Breyault, who belongs to the National Consumers League, specified that cyber attack breach legislation like the one operating in California can assist with the minimization of breach reverberations by mandating the companies that have been attacked to rapidly get the word out.
He went on to state that after a breach prompt notice is required so that individuals can carry out a “harm analysis” once they know about an attack. This is everybody’s right and at the moment the type of problem that would set a notice in motion stays very broad.
Sadly, it is not just identification theft that is under the spotlight. Another report revealed that malware is now more widespread than it ever was.
Every Third Computer system Has A Malware Infection Revealed In A Report
The Anti Phishing Workers Group published a report specifying that malware was most likely to be present in as much as a third of the computer systems throughout the world by the last quarter of 2013. This is a considerable boost when compared with the previous quarter says Tech News World. The technical director of a security lab that investigates cyber attacks, Luis Corons, stated that brand-new malware strains are being developed at an incredibly rapid pace and that malware infections could rise even further.
He specified that the development of brand-new malware samples has just skyrocketed and it has doubled from the last quarter of 2013 to the very first quarter of 2014.
The findings of these 2 reports underlines the fact that there is no space for complacency in companies when it concerns security. Every organization needs to sure up its endpoint detection and response systems or deal with the fact that a cyber attack is significantly more likely to be coming their way.
With malware ending up being more stealth and the fines that enterprises face when they suffer a breach from it makes the case for executing endpoint detection and response systems even more critical than it was in the past. Without the best defenses in place there is not only the danger of a significant cyber attack, but also fines and suits that can be really harmful to a business. If an enterprise thinks that it is insusceptible to cyber attacks then they are being conceited and ignorant. The cyber criminals out there are making their attacks almost undetected these days.
Serious Malware Threat Now Averting Detection
Embedding a secret message into something unexpected is called steganography and is not something new that has actually shown up with the Internet. In the 1600’s, Gaspar Schott developed a book which described how a secret message could be hidden in a musical score and that this could be decrypted by those that knew about it. The technique used was the notes on the score would represent a letter of the alphabet and for that reason the message could be checked out.
This practice has some stressing ramifications as it supplies a nearly sure-fire method of concealing info that should not exist. Cyber wrongdoers have been using steganography for several years now. It was reported in a Federal Plan Cyber Security which was released by the National Science and Technology Council in 2006, that steganography represents a specifically devious method for terrorists to infiltrate U.S. systems.
The report stated that these tools are economical and widespread making steganography an enabling technology for the foes of the U.S.
These days cyber security attacks are widespread and hackers are leveraging steganography to perform attacks that are nearly undetectable and really sophisticated. In a paper on the threats of steganography, it was specified that there is momentum gathering in its use among cyber criminals who can utilize the method to breach networks without detection. The report went on to state that Internet based steganography has become a lot more advanced and will only end up being more so in the years to come.
While steganography does pose a big hazard it can be alleviated by executing an endpoint detection and response system. This system will carefully see all locations where a cyber lawbreaker might gain access and it is recommended that organizations take this important action.
The Penalties Are High For Organizations That Are Exposed To A Malicious Breach
The risk of a steganographic attack need to definitely suffice for you to execute an endpoint detection and response system but if it isn’t then the substantial fines that your organization can be confronted with for a breach needs to be. Any organization is susceptible to attacks and fines. As an example of this the Women and Infant Hospital in Providence, Rhode Island, needed to pay $150,000 as a result of a cyber attack which saw the information of 12,000 individuals jeopardized. The Modesto Bee stated that the data that the health center lost consisted of Social Security numbers, dates of birth as well as ultrasound images.
The corporate world can also suffer at the hands of a malicious breach. eBay faced a law suit from a consumer in Louisiana after they were infiltrated according to Computerworld. Colin Green, who filed the law suit, is not alone in being discontented and represents millions of people who were not happy that their personal data was exposed when the cyber attack happened at eBay. The potential fines and law suits make the investment in a tested endpoint detection and response system really worthwhile.