More cyber-attackers are employing some level of credential theft over other types of cyber threats. Recent data proves that credential protection, especially passwords, are essential to data security.
Cyber Security
Cyber criminals, state-sponsored hackers and even the occasional disgruntled employee are constantly looking to gain unauthorized access for a variety of purposes: theft of money, cyber espionage, personal information for sale or for use in scams, and damage to critical infrastructure for just a few of the most common.
So how does an organization mitigate an entire world full of continual cyber attacks? Just as buildings have a number of necessary elements of physical security: access control, cameras, alarms and so on; there are similar key elements of cyber security that are absolutely vital for just about any modern business.
It starts with identifying and closing the most common doors that attackers use. For example, phishing attacks on employees are far and away the most common initial point of entry. The breach of even a low-level employee account can quickly turn into an escalation in access privileges and the ability to reach sensitive information. This is also true of smart devices, which are generally more poorly secured than computers and phones.
The popularity of online gaming surged during the COVID-19 pandemic—and so did cyberattacks against gamers with 5.8 million attacks detected over the past year. Cybercriminals are becoming experts in deception which makes them increasingly difficult to detect.
Clop ransomware gang breached 130 organizations via Fortra GoAnywhere managed file transfer tool and stole 1 million CHS Healthcare patients' records.
A rash of car thefts has erupted as some of the Korean car-makers models have a USB-A shaped slot that can be exposed by removing the steering column cover, and this slot grants direct access to the engine.
The web hosting company says that the group of hackers was able to access its network using stolen credentials, and planted malware and stole source code to give itself points of long-term access.
Russian hackers have claimed responsibility for recent DDoS attacks against NATO that disrupted a number of its operations including earthquake relief efforts for the Turkish-Syrian earthquake.
LockBit ransomware attack that severely hampered Royal Mail's international delivery system would have cost no less than $70 million, according to chats leaked by the attackers. The original ransom demand was $80 million.
Companies with significant amounts of sensitive stored data – whether stored on site or in the cloud -- should begin to invest in emerging quantum-resistant data storage, key management, and multiple encryption technologies.
With an average of 10 direct partners and up to 90 fourth parties, 98% of primary organizations analyzed by IT security firm SecurityScorecard work with breached third parties.
U.S. consumers have limited exposure to open banking and most of the technology today relies on “screen scraping” which increases fraud risks. Current U.S. banking infrastructure does not promote fidelity between banks and third parties resulting in an uncoordinated API landscape.










