Despite its robust suite of built-in security features, Office 365 remains a prime target for cyber threats due to the sensitive data it manages.
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.
As cyber threats loom around every corner and privileged accounts become prime targets, the significance of implementing a robust Privileged Access Management (PAM) solution can’t be overstated.
A major password breach which was first reported this September has just been confirmed by Zynga. It appears that the 170 million affected users were not notified when the original breach news broke.
The Beanstalk attacker managed to get away with $80 million in illicit crypto funds, though the DeFi platform is looking at a total $182 million loss due to remediation and a sharp value drop that sent the token from $1 to 11 cents in value overnight.
Study from HP reveals that nation-state cyber attacks have not only doubled since 2017, but are also increasingly incorporating attacks on physical assets (such as infrastructure).
Bio-cybersecurity is not to be taken lightly as data breach could lead to healthcare companies buying back patient data from ransomware or hackers using stolen genetic data to blackmail individuals.
Phishing attacks known as CEO Fraud or Business Email Compromise are affecting the bottom line of companies and are devastating because the spoof emails have all the appearances of being real, and the victims voluntarily hand over the money.
In what is shaping up to be a major test case for the entire cyber insurance industry, Zurich Insurance is refusing to pay out a $100 million claim from Mondelez, saying that the ransomware attack was actually an act of “cyber war,” and therefore, is not covered by the policy.
The US Secret Service is now pointing the finger at state-backed Chinese hackers, accusing a known advanced persistent threat group APT41 of stealing about $20 million of US Covid benefits during the pandemic.
A joint cybersecurity advisory by the NSA and GCHQ warns that Russian hackers are brute forcing passwords on the cloud using a Kubernetes cluster in a global cyber espionage campaign.










