Don't Get Hacked Twice: How Cyber Insurance Might Be Leaving You Exposed

Cybersecurity is a top concern for businesses of all sizes. Data breaches are costly and damaging, and cyber insurance has emerged as a critical tool for mitigating risk. But what if your cyber insurance policy isn't all it's cracked up to be?

While cyber insurance offers valuable protection, hidden clauses and limitations could leave your organization vulnerable in the wake of an attack. Here's why you should be skeptical and take a proactive approach to cyber defense:

Hidden Coverage Gaps:

• Not All Breaches Are Created Equal: Many policies exclude specific breach types, such as social engineering attacks or ransomware incidents involving specific extortion tactics. Be sure you understand these exclusions to avoid a nasty surprise after a claim.

• Sub-Limits and Coverage Caps: Policies often have sub-limits for specific categories of expenses, like data recovery or notification costs. These sub-limits might not be enough to cover the total cost of a significant breach. Additionally, there might be an overall cap on coverage, leaving you on the hook for substantial financial losses.

Prescriptive Response Requirements:

• Slowing Down Your Defense: Some policies mandate specific response protocols following a breach. While intended to minimize damage, these protocols might hinder your ability to take the most effective course of action. Delays in securing your network or notifying affected parties could worsen the situation.

Limited Vendor Choice:

• Dictating Your Defense Strategy: Certain policies restrict the vendors you can use for incident response or forensic investigation. This could limit your ability to choose the most qualified or experienced team for your situation.

The Power of Proactive Defense

Don't rely solely on cyber insurance as a safety net. Here's how to take charge of your cybersecurity:

• Conduct Regular Risk Assessments: Identify your vulnerabilities and prioritize mitigation efforts.

• Invest in Employee Training: Empower your employees to recognize and avoid cyber threats.

• Implement Strong Security Measures: Utilize firewalls, data encryption, and multi-factor authentication.

• Have a Clear Incident Response Plan: Outline a fast, effective response strategy for cyber incidents.

The Importance of a Trusted Partner

In addition to the proactive measures above, having a trusted partner like CyberSecOp in your corner can make all the difference. CyberSecOp is a comprehensive cybersecurity solution offering:

• Digital Forensics and Incident Response: Our team of experts can quickly identify the source of a breach, contain the damage, and begin the recovery process.

• Negotiation and Ransomware Payment Team: In the unfortunate event of a ransomware attack, CyberSecOp has a dedicated team to negotiate with attackers and minimize ransom payments. We understand the delicate balance of recovering your data while protecting your organization's reputation.

The Bottom Line

Cyber insurance can be a valuable tool, but it shouldn't be your only line of defense. By understanding your policy's limitations and taking proactive security measures, you can minimize the risk of a cyberattack and ensure a faster, more effective response if one occurs. Remember, an ounce of prevention is worth a pound of cure, especially in the ever-evolving world of cybersecurity.

Partner with CyberSecOp today for a comprehensive cybersecurity strategy that protects your organization before, during, and after an attack.

Risk Mitigate vs. Remediate: Understanding the Key Differences in Risk Management

In risk management, cybersecurity, and compliance, the terms "mitigate" and "remediate" often surface. Though sometimes used interchangeably, they denote distinct approaches to addressing issues. Understanding the differences between mitigation and remediation is crucial for implementing effective strategies. This blog post will clarify these terms and explore their roles in risk management.

What Does It Mean to Mitigate?

Mitigation refers to the actions taken to reduce the severity, seriousness, or harmful effects of a risk or issue. It involves implementing measures to lessen the impact or likelihood of a potential problem. The goal of mitigation is not to eliminate the risk entirely but to make it more manageable and less damaging.

Examples of Mitigation:

1. Installing Firewalls: In cybersecurity, installing firewalls can mitigate the risk of unauthorized access to a network.

2. Employee Training: Providing training to employees on best practices for data security can mitigate the risk of data breaches.

3. Regular Maintenance: Regular maintenance on machinery can mitigate the risk of mechanical failures.

What Does It Mean to Remediate?

Remediation involves the actions taken to correct or fix a problem that has already occurred. It is a reactive approach that focuses on eliminating the issue and restoring the system or environment to its normal state. Remediation aims to resolve the problem at its source and ensure it does not recur.

Examples of Remediation:

1. Patching Software: After a vulnerability is discovered in software, applying patches to fix the vulnerability is a remediation action.

2. Data Recovery: Restoring lost data from backups after a data breach or accidental deletion is a form of remediation.

3. Cleaning Contaminated Sites: In environmental management, cleaning up polluted sites to remove contaminants is remediation.

Key Differences Between Mitigation and Remediation

1. Proactive vs. Reactive:

• Mitigation is a proactive approach, aiming to prevent or lessen the impact of potential problems before they occur.

• Remediation is a reactive approach, addressing and correcting issues that have already happened.

2. Objective:

• Mitigation seeks to reduce risk and make potential issues more manageable.

• Remediation seeks to eliminate problems and restore normalcy.

3. Scope:

• Mitigation often involves ongoing measures and practices to continuously manage risk.

• Remediation involves specific actions taken to resolve a particular issue.

Why Both Are Important

Effective risk management requires both mitigation and remediation strategies. Mitigation helps in minimizing the chances and impact of risks, while remediation ensures that any issues that do arise are swiftly and effectively dealt with. By combining these approaches, organizations can maintain a robust defense against potential threats and ensure rapid recovery from any incidents that occur.

Conclusion

Mitigation and remediation are essential components of risk management, each serving a unique purpose. Mitigation focuses on proactive measures to reduce the likelihood and impact of risks, while remediation addresses issues that have already occurred. By understanding and implementing both strategies, organizations can better protect themselves against threats and ensure a swift recovery when problems arise.

CyberSecOp Managed Security with AI offers MDM, DLP, SIEM, and XDR services.

CyberSecOp is a managed security service provider (MSSP) that offers a range of security services, including AI-powered security, Data Loss Prevention (DLP), Security Information and Event Management (SIEM), and Extended Detection and Response (XDR).

AI-powered security is a cutting-edge technology that uses artificial intelligence and machine learning algorithms to detect and prevent security threats in real-time. This technology can analyze vast amounts of data and identify patterns that would be difficult for a human to detect. This allows for faster response times and improved overall security.

DLP is a security solution that helps organizations prevent sensitive data from being leaked or stolen. This is done by monitoring and controlling the flow of data both within the organization and externally. DLP can be used to protect data such as intellectual property, financial information, and personal information.

SIEM is a technology that provides real-time monitoring and analysis of security events across an organization's network. This allows security analysts to identify and respond to potential threats in real-time, helping to minimize the impact of a security breach.

XDR is a newer technology that goes beyond traditional SIEM by integrating multiple security solutions into a single platform. XDR can provide greater visibility and context into security events by correlating data from different sources, allowing for a more comprehensive understanding of potential threats.

Overall, CyberSecOp's security services are designed to provide comprehensive and effective

3CX DesktopApp Supply Chain Attack: What You Need to Know

After being alerted by several security researchers of an ongoing supply chain attack in its 3CX DesktopApp, 3CX is currently working on a software update. According to the company's CEO, Nick Galea, the malware affects the Windows Electron client for customers running update 7. As an immediate response, the company has advised users to uninstall and reinstall the app, and in the meantime, use its PWA (progressive web application) client instead.

3CX is a Voice Over Internet Protocol (VoIP) IPBX software development company with over 600,000 customers and 12 million users in 190 countries. Its 3CX DesktopApp allows users to make calls, chat, video conference, and check voicemail using their desktop. Some of its customers include BMW, Honda, Ikea, Pepsi, and Toyota.

The ongoing attack was detected by security researchers at Sophos, Crowdstrike, and SentinelOne, who observed malicious activity originating from a trojanized version of the 3CX DesktopApp. Sophos reported that the software is a digitally signed version of the softphone desktop client for Windows and is packaged with a malicious payload. The application has been abused by the threat actor to add an installer that communicates with various command-and-control servers.

According to SentinelOne, the threat actor registered a massive attack infrastructure in February 2022 and is tracking the attack under the name SmoothOperator. Researchers noted that it is a chain attack that takes advantage of the DLL side-loading technique to load a malicious DLL that's designed to retrieve an icon file payload. The trojanized 3CX DesktopApp is the first stage in a multi-stage attack chain that pulls ICO files appended with base64 data from GitHub and ultimately leads to a third-stage infostealer DLL still being analyzed as of the time of writing.

Crowdstrike also found that the malicious activity includes beaconing to actor-controlled infrastructure, deployment of second-stage payloads, and hands-on-keyboard activity in a small number of cases. Sophos noted that the DLL side-loading is designed in such a way that users will not realize any difference while using the application. The information stealer can gather system information and sensitive data stored in Google Chrome, Microsoft Edge, Brave, and Mozilla Firefox browsers.

In conclusion, the ongoing supply chain attack on the 3CX DesktopApp has prompted urgent action from the company, with a software update in progress and a recommendation for users to switch to its PWA client in the meantime. Security researchers have detected malicious activity originating from the trojanized version of the app, which has been abused by the threat actor to communicate with command-and-control servers and steal sensitive data. As always, it is important to stay vigilant and take immediate action in response to any security alerts or warnings.

Defending Against Cybersecurity Threats: Best Practices for Individuals and Organizations

Cybersecurity breaches have become increasingly common in recent years, affecting organizations and individuals alike. According to a report by Risk Based Security, there were over 18,000 publicly disclosed data breaches in the first half of 2021, resulting in the exposure of over 18 billion records. This represents a 47% increase in the number of breaches compared to the same period in 2020.

The consequences of a cybersecurity breach can be severe and long-lasting. Breaches can lead to the theft of sensitive data, financial losses, reputational damage, and legal liabilities. For businesses, a cybersecurity breach can result in lost productivity, customer loss, and damage to the company's brand and reputation.

To address the growing threat of cybersecurity breaches, organizations need to take a proactive approach to cybersecurity. This includes implementing robust security measures, regularly monitoring systems for signs of intrusion, and educating employees about safe online practices. Organizations should also have an incident response plan in place to quickly and effectively respond to a breach if one occurs.

Individuals can also take steps to protect themselves from cybersecurity breaches, such as using strong and unique passwords, enabling two-factor authentication, and being cautious of phishing attacks.

Defending against cyber security threats

Defending against cyber security threats is a complex and ongoing process that requires a combination of technical, administrative, and physical measures. Here are some general steps you can take to improve your cyber security posture:

1. Keep software and systems up-to-date: Regularly update your operating system, applications, and antivirus software to patch vulnerabilities and fix bugs.

2. Use strong and unique passwords: Use complex passwords and avoid using the same password across multiple accounts. Consider using a password manager to generate and store strong passwords.

3. Enable two-factor authentication: Enable two-factor authentication (2FA) on all your online accounts, which adds an extra layer of security beyond passwords.

4. Be cautious of phishing attacks: Be suspicious of emails or messages that ask for personal or financial information or contain suspicious links. Always verify the source before providing any information.

5. Use a firewall: A firewall can help protect your network by filtering traffic and blocking unauthorized access.

6. Back up your data regularly: Back up your important data regularly to protect against data loss in case of a security breach or hardware failure.

7. Limit access to sensitive data: Restrict access to sensitive data to only those who need it and use secure methods to share data.

8. Educate yourself and others: Stay informed about the latest cyber security threats and educate others, including employees, family members, and friends, about safe online practices.

Remember, cyber security is an ongoing process, and it requires constant attention and vigilance. By implementing these steps, you can help protect yourself and your organization from cyber threats.

In conclusion, cybersecurity breaches are a growing threat that can have severe consequences for both organizations and individuals. By implementing robust security measures and staying vigilant, organizations and individuals can help reduce the risk of a breach and minimize the impact if one occurs.

Mastering Vulnerability Testing: Tips and Techniques for Robust Cybersecurity

Vulnerability testing, also known as vulnerability assessment, is the process of identifying, evaluating, and prioritizing potential security vulnerabilities in a computer system, network, or application. It involves simulating attacks or exploitation attempts to discover weaknesses in the system's defenses.

Vulnerability testing can be done manually or through automated tools, and it may include testing for known software vulnerabilities, configuration issues, and access control vulnerabilities. The goal of vulnerability testing is to identify potential security risks before attackers can exploit them and to provide recommendations for mitigating or eliminating them.

Standard vulnerability testing techniques include vulnerability scanning, penetration testing, and ethical hacking. These tests can help organizations identify weaknesses in their security posture and take appropriate measures to strengthen their defenses and protect sensitive data.

Vulnerability testing is a critical aspect of ensuring the security of computer systems, networks, and applications. As technology advances and cyber threats become more sophisticated, it is essential for organizations to regularly perform vulnerability testing to identify potential security risks and take steps to mitigate them.

Through vulnerability testing, organizations can identify software vulnerabilities, configuration issues, and access control weaknesses that cybercriminals may exploit. By identifying these vulnerabilities, organizations can take appropriate measures to strengthen their security defenses and protect their sensitive data.

Various techniques can be used for vulnerability testing, including automated tools, manual testing, penetration testing, and ethical hacking. Each of these techniques has its advantages and disadvantages, and organizations may use a combination of them to provide comprehensive vulnerability testing.

Determine the scope of the test: Clearly define what will be tested, including the network, systems, applications, and any other assets that could be vulnerable to attack.

• Use the right tools: Choose various tools, including vulnerability scanners, penetration testing tools, and web application scanners, to cover all potential vulnerabilities.

• Prioritize vulnerabilities: Prioritize vulnerabilities based on the level of risk they pose and their potential impact on the organization.

• Perform regular testing: Conduct vulnerability testing regularly after any significant changes or updates to the network, systems, or applications.

• Test from internal and external perspectives: Conduct tests from internal and external perspectives to identify vulnerabilities that both internal and external attackers could exploit.

• Ensure test results are accurate: Verify and validate test results to ensure they accurately reflect the actual vulnerabilities present in the system.

• Address vulnerabilities promptly: Take prompt action to address any vulnerabilities identified during testing, including applying patches, updating configurations, and implementing additional security measures.

• Document and communicate results: Document the vulnerability testing results and communicate them to relevant stakeholders, including IT staff, senior management, and external auditors.

In conclusion, vulnerability testing is an essential part of any organization's security program. It helps identify potential security risks before attackers can exploit them and provides recommendations for mitigating or eliminating these risks. By performing regular vulnerability testing, organizations can strengthen their security defenses, protect sensitive data, and reduce the risk of costly security breaches.

Staying on the Offence: SIEM & SOC Benefits

Many businesses these days do not have the resources or the skill set in-house to effectively create, administer and manage a fully operational Security Operations Center. A Security Operations Center (SOC) is a critical component of an organization's overall security strategy. It is a centralized team responsible for detecting, analyzing, and responding to security incidents in real time. In today's rapidly changing threat landscape, having a SOC is more important than ever.

Benefits of SOC as a SIEM

1. Protects against cyber threats: A SOC monitors and analyzes the organization's networks, systems, and applications for signs of cyber threats, such as hacking attempts, malware infections, and phishing attacks. By detecting threats early and taking action to prevent or mitigate them, a SOC helps to protect the organization from harm.

2. Increases efficiency: By centralizing security operations, a SOC helps organizations to be more efficient in their response to security incidents. The SOC team can respond quickly to incidents without coordinating with multiple departments and can share information and resources more efficiently.

3. Enhances compliance: Organizations are increasingly required to meet strict security and privacy regulations, such as the Payment Card Industry Data Security Standard (PCI DSS) or the General Data Protection Regulation (GDPR). A SOC can help organizations to comply with these regulations by monitoring their networks and systems for compliance and ensuring that any necessary changes are made.

4. Improves incident response: A SOC provides a dedicated team trained to respond to security incidents. This team can quickly contain and resolve incidents, reducing the impact on the organization and its customers.

In conclusion, having a security operations center is essential for organizations looking to protect their assets, reduce the risk of security incidents, and comply with industry regulations. By centralizing security operations, a SOC helps organizations respond to incidents more efficiently and effectively, ultimately reducing the risk of harm. CyberSecOP utilizes a US-based SOC team that is available 24/7/365 to ensure your business is protected by the latest ransom and malware threats out there.

AI the Future of Cyber Security

AI tools can sift through enormous amounts of data to look for patterns and learn about user behavior. This allows for the early detection of hackers before they cause harm.

Companies involved in cyber security are investing money into these technologies to fend off attacks and are starting to reap the rewards. AI-based technologies' capabilities are growing exponentially, enabling businesses to identify more sophisticated cyber threats before they materialize; more companies will likely start using AI tools as their usability increases.

As a result, more complex attacks will be recognized, making AI a crucial tool in the fight against cybercrime.

Artificial intelligence and machine learning are becoming more and more popular among businesses as

Artificial intelligence (AI) functions like a computer program focused on gaining success. Machine learning (ML), on the other hand, is a self-learning tool that evolves as it gains experience. Combining the two can guarantee accuracy and success in the cybersecurity industry.

Traditional Cyber Security

The fundamental problem with traditional cyber security measures is that it cannot keep up with the scale of the threat today. Conventional methods to collect and analyze information lead to an overload of data. It is labor-intensive and, therefore, prone to manual errors. Since they need more visibility into the network, it is also challenging to prepare against a potential threat.

AI in Cyber Security

In comparison, artificial intelligence in cyber security has a higher success in detecting possible threats and defending against them.

1. Network Threat Identification

This is the most basic use case for AI in cyber security today. More than 70% of businesses today are dependent on AI-enabled network security platforms. Furthermore, as enterprises share sensitive data over networks, AI-enabled systems are better equipped to protect the data transmitted or stored.

2. AI Email Monitoring

AI is used today to monitor incoming and outgoing emails to safeguard against cyber threats like phishing. The most probable risks are reported to the security personnel, and appropriate action can be taken. This becomes very important in the finance sector. Here, anomaly detection is used to identify phishing attacks and misdirected emails, prevent data breaches and identify other cyber security threats.

3. AI Endpoint Protection

Traditional anti-virus software can scan files for known viruses. The software cannot safeguard your data without security updates on new viruses. On the other hand, software that uses AI can detect a threat owing to anomaly detection or unusual behavior. Therefore it is better equipped to predict, detect and prevent a cybersecurity threat.

4. AI-based User Behaviour Modeling

In some cyber security attacks, the login id of a person can be manipulated by a complete takeover, without the person's knowledge. The only way to identify and stop this is by identifying a change in the behavior pattern of their activity. With AI technology solutions, such changes can be easily detected and security can then be alerted to investigate the matter further.

Conclusion

Cyber security systems with AI can anticipate a threat and deploy necessary action to prevent an attack. As a result, more and more corporations today are making special allowances in their budgets for upgrading to AI-enabled cyber security systems. As long as companies continue to feed accurate data, the system will swiftly detect any deviation from the baseline.

Cyber Insurance Ransomware

Cybersecurity is more important now than ever, and with more and more businesses around the world being affected by cyberattacks, having adequate cyber insurance has become essential.

Due diligence is a crucial part of getting the right cyber insurance policy. Companies should evaluate their potential risks and vulnerabilities in order to determine if they need a robust policy or if a cheaper, lower-coverage policy can suffice. Knowing what type of policy they need can help them save money while increasing assurance that they are properly covered if an attack occurs.

Companies need to understand that getting the right cyber insurance policy comes at a cost, as premiums tend to increase significantly when coverage increases. However, with proper due diligence, companies can make sure that their policies meet their needs without paying too much for unnecessary coverage.

Cybersecurity companies are recognizing “cyber extortion coverage” or “ransomware cyber insurance” as a critical element in protecting against the increasing ransomware threats and cyber attacks. This type of insurance protects organizations from losses due to such malicious activities, such as data breaches, ransomware threats, and other forms of cyber attacks.

By providing this type of coverage, cybersecurity companies can give their clients greater security and peace of mind. This coverage helps ensure that they won't be responsible financially for payments associated with an attack that results in the loss or theft of sensitive data. It also provides protection against any reputational losses that may arise after such an attack has taken place.

Ransomware & cyber extortion cyber insurance

Ransomware cyber insurance, also known as cyber extortion coverage, can protect organizations and their customers from the financial losses associated with a malicious attack. Cyber security companies offer this coverage under their cyber liability policies, typically included with a sublimit to help cover medical expenses related to those affected by the attack. Such policies allow companies to respond quickly and effectively to a ransomware attack, limiting the downtime and damage caused. By providing this protection, cyber security companies can ensure that businesses have a back-up option in case of malicious attacks or other unforeseen disasters.

What is Cyber Insurance?

Cyber insurance offers an additional layer of security for businesses against the ever-growing risk of a ransomware attack. Ransomware is a type of malicious software designed to block access to critical data on your computer system until a ransom is paid. By purchasing cyber insurance, companies can minimize the financial impact if they are hit by such an attack, as the policy reimburses victims for any losses incurred as a result of the incident. Cyber insurance also offers security consulting services such as malware removal and web application testing that can help reduce the risk of being targeted in the first place. Companies looking to protect themselves from ransomware should consider investing in cyber insurance to ensure their critical systems are protected against these kinds of threats.

Cyber Insurance& ransomware Protections

Cyber insurance is increasingly becoming an integral part of a company's cybersecurity policy in the face of fast-growing cybercrime threats like ransomware. Ransomware attacks can cause significant financial loss and affect companies' operations in many ways. Cyber insurance acts as a safeguard against such malicious programs and financially mitigates any losses related to the attack and helps companies get back on track without too much disruption. Companies must ensure that they have cyber insurance policies in place to protect themselves from ransomware attacks which have the potential to wreak havoc on any system.

Cyber insurance provides protection against ransomware. Cyber insurance works by providing coverage for financial losses and other damages caused by a hacker, malware or ransomware attack. Cyber insurance policies often cover losses related to data privacy and security, reputation damage, business interruption, and legal expenses. This type of coverage is increasingly becoming more critical as companies are increasingly exposed to cyber-attacks like ransomware. Ransomware is malicious software that locks down computers and networks, preventing users from accessing their own data until a certain amount of money is paid in return for the unlock code. With cyber insurance in place, organizations can ensure that their operations are protected from the financial costs associated with these malicious attacks.

Cyber insurance protects you by transferring loss

Cyber criminals are on the rise, and companies need to do whatever they can to combat attacks from ransomware, malware and phishing attempts. Cyber security companies offer organizations a comprehensive solution for cyber extortion coverage that helps protect against costly losses associated with successful infiltrations. Cyber extortion coverage can be included within a cyber liability policy as a sublimit or it can be secured separately, depending on your company’s risk exposure profile. With this coverage in place, businesses can rest assured that their cyber risk is adequately covered and their reputation is protected.

Cyber insurance Due diligence to ensure adequate protection

With the increasing threat of cyber fraud, companies must perform some due diligence to ensure they have adequate protection. Cyber insurance policies protect businesses from any financial losses caused by cyber-attacks. However, without proper due diligence, companies may end up paying higher premiums or getting policies that do not cover all aspects of the risk.

Therefore, to reduce costs and get the right coverage, companies need to perform thorough research and find insurance providers who offer reasonable terms and conditions with their cyber insurance policies. Companies must also consider factors like premiums, deductibles, limits, and exclusions before purchasing a policy.

By doing so they will be able to get the most suitable coverage for their business at an affordable price.

Cyber insurance due diligence is a key process for any business when evaluating the cost and level of protection offered by their cyber insurance policy. As cyber risks continue to evolve, companies must always be aware of the increasing cost and premiums associated with their current policy and evaluate whether it is enough to keep up with the latest malicious threats.

In order to ensure the most effective protection, companies should conduct due diligence on their cyber insurance policies. This not only involves understanding how claims will be handled in different scenarios, but also considering the cost of increased coverage and extra premium costs that might be necessary. By understanding their risk profile and protecting themselves adequately, businesses can ensure they are equipped if they are ever faced with a malicious attack.

Cyber insurance premiums will continue to increase

Cyber attacks are rising yearly, with more businesses falling victim to cyber- Attacks resulting in security breaches and financial losses. As a result, more companies are now investing in cyber insurance policies to protect their data and minimize damages. However, this increased demand of cyber insurance policies has led to an increase in policy premiums, making it costlier for businesses to obtain the coverage they need. In this article, we will discuss why cyber insurance premiums continue to rise and suggest potential solutions for companies looking for coverage.

Cyber insurance must be included in your risk management strategy

Cyber insurance has become an essential part of any business's risk management strategy. As cyber-attacks become more frequent and destructive, enterprises are turning to cyber insurance providers to protect themselves from costly damages. But as the amount of claims for cyber-attacks increases, so does the increase in premium costs to cover those losses. This article will explore the reasons why we can expect to see a continuous increase in cyber insurance premiums over time.

Cyber insurance policies are becoming increasingly popular as more and more companies are seeing the benefit of having a policy in place to protect their business from cyber-attacks. As more companies realize the impact of cyber security breaches, the demand for cyber insurance is likely to increase, driving up premiums.

As prices increase, so too does the importance of having a comprehensive cyber insurance policy that covers all the possible loopholes that can occur during an attack. With this in mind, businesses are wise to explore their options when selecting their providers and to ensure they get the best coverage available for their needs. By exploring these options and understanding what is covered under different policies, firms can make an informed decision about which provider offers them the most protection at a competitive premium cost.

Enterprise Risk Management vs. Traditional RM

Enterprise Risk Management (ERM) introduces effective risk management (RM) by attacking the issues differently to assess and remediate risks that affect the business. It takes a more robust approach than traditional Risk Management.

Traditional Risk: Business unit leaders, directors, and managers were responsible and accountable for risks in their respective departments. An example is the CFO, or Comptroller is responsible for risks relating to business cash flow and finance. This approach is very siloed.  Having some type of Risk management is better than not having it, but this approach does have its shortcomings:

• Unidentified risks that don’t fit nicely within a silo. Risks can be anywhere, and sometimes they do not necessarily align with the organizational chart resulting in unidentified risks.

•  Some risks may span multiple business units. If one leader identifies the risk the business may not understand its true impact and likelihood if it spans multiple departments.  An example of this would be a privacy law that affects Spain for example. If the compliance officer ranks this as very low risk because there is no business/consumers or data from Spain residents. However, down the hall in another c-suite office, there are ongoing talks about a possible partnership with a platform in that same country.

•  Silo risk owners may address a risk in their domain but not understand that the mitigations of their risk can affect another department.  A classic example is an IT change that mitigates some technical risks but impacts usability for other departments. This leads to frustration, confusion and ‘shadow IT’

•  Traditional risk typically focused on internal risks. ERM focuses on external factors as well

  Holistic Top-Down Enterprise Risk Management

Enterprise Risk Management attempts to fill these gaps by incorporating a holistic, all-hands-on-deck approach to risk management. EMR is a top-down approach that starts from a strategic approach that trickles down to the operational level (Beasley, 2016).

 ERM begins with an understanding of what the organization is trying to achieve short and long term. Identifying all assets (people, technology, data, solutions, networks) ranking those assets, identifying risks and then ultimately remediation and monitoring. It is key to understand that top management and key staff are involved in this process, not just a department leader.  

 Identify all risks. Whereas with traditional risk management, risks that fall out of a department can be missed, EMR focuses on strategy, compliance, operations, and tactics to attempt to address all risks (internal and external).  

The output of EMR should be a risk register that clearly identifies the enterprise's top risks that identify:

• Risk identification number

• Owner, responsible, and accountable parties

• Risk description

• Risk Remediation

• Risk milestones

• Key Risk Indicators

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EMR takes a more holistic approach to risk management and incorporates all levels of the business (strategy, tactical, operational). EMR focuses on internal and external risks. EMR is a cycle and not a project; the focus is always on understanding the business's top threats, their remediations if they are being implemented, and how effective those mitigations are.  This approach is the next step in the evolutionary process of risk management and provides one of the most impactful and thorough methods for risk management.

Written by:

Carlos Neto 1/9/2023

References:

Beasley , M. (2016). What is enterprise risk management? - North Carolina State University. NC State . Retrieved January 10, 2023, from https://erm.ncsu.edu/az/erm/i/chan/library/What_is_Enterprise_Risk_Management.pdf

Known Cyber Espionage Group and Advanced Persistent Threats (APTs)

The primary purpose of cyber espionage groups and advanced persistent threats (APTs) is to gather sensitive information covertly from target organizations or individuals. This information can include a wide range of data, such as intellectual property, trade secrets, military plans, political intelligence, and more.

APTs are called "advanced" because they use advanced tactics and techniques to infiltrate and compromise target systems. They are called "persistent" because they often maintain a long-term presence on a target's systems to continue gathering information.

Cyber espionage groups and APTs are often sponsored by governments or other organizations, and they may target a wide range of sectors, including government, military, finance, and more. The information they gather can be used for various purposes, including military advantage, economic gain, and political leverage.

Here are a few things you will need to know to understand this blog:

• Compromise: When a system or network is compromised, an unauthorized party has gained access to it. This could be due to a security vulnerability or a successful cyber attack.

• Cyber espionage: Cyber espionage refers to the practice of collecting sensitive information covertly through the use of computer networks and the internet, often for military or political purposes.

• Exploit: An exploit is a vulnerability or weakness in a computer system, network, or application that can be exploited by an attacker to gain unauthorized access or perform other malicious actions.

• Ransomware: Ransomware is malware that encrypts a victim's files, making them inaccessible until a ransom is paid to the attacker.

• Breach: A breach is an incident in which a security system or protocol has been successfully attacked or bypassed.

• Phishing: Phishing is a type of cyber attack that involves tricking people into revealing sensitive information, such as login credentials or financial information, by pretending to be a legitimate entity. This is often done through fake emails or websites.

Known Cyber Espionage Group and Advanced Persistent Threats

There are many known cyber espionage groups and advanced persistent threats (APTs) that have been identified by cybersecurity researchers. Some examples include:

• APT1 (also known as Comment Crew or Shanghai Group): A Chinese APT that has been active since 2004 and has been linked to several high-profile cyber espionage campaigns.

• APT28 (also known as Fancy Bear or Sofacy Group): A Russian APT that has been active since at least 2007 and has been linked to cyber espionage campaigns against governments, military organizations, and other high-value targets.

• APT29 (also known as Cozy Bear or The Dukes): Another Russian APT that has been active since at least 2008 and has been linked to cyber espionage campaigns against a wide range of targets, including government agencies, think tanks, and political organizations.

• APT3 (also known as Gothic Panda or UPS Team): A Chinese APT that has been active since at least 2010 and has been linked to cyber espionage campaigns against a wide range of targets, including governments, military organizations, and businesses.

• APT10 (also known as Stone Panda or MenuPass Group): A Chinese APT that has been active since at least 2010 and has been linked to cyber espionage campaigns against a wide range of targets, including governments, military organizations, and businesses.

Cyber Espionage Group and Advanced Persistent Threats Tools

Cyber espionage groups and advanced persistent threats (APTs) use various tools and techniques to infiltrate and compromise target systems. These can include:

Malware: APTs often use malware to infect and compromise target systems. This can include viruses, trojans, worms, ransomware, and other types of malicious software.

Spearphishing: APTs may use spearphishing attacks to trick target individuals into revealing sensitive information or installing malware. Spearphishing attacks are highly targeted and often involve using fake emails or websites that appear legitimate.

Vulnerabilities: APTs may exploit vulnerabilities in software or systems to gain access to a target's systems. This can include known vulnerabilities that have not been patched, as well as zero-day vulnerabilities (vulnerabilities that are unknown to the vendor and have not yet been patched).

Command and control servers: APTs may use command and control servers to remotely control the malware they have deployed on a target's systems and to exfiltrate stolen data.

Custom tools: APTs may use custom tools developed specifically for their operations. These tools may be designed to evade detection or to perform specific tasks, such as stealing specific types of data or taking control of systems.

How to Protect System Form Cyber Espionage Groups and Advanced Persistent Threats?

Here are a few steps that organizations and individuals can take to protect their systems from cyber espionage groups and advanced persistent threats (APTs):

• Keep software and systems up to date: Make sure to apply the latest security updates and patches for all software and systems. This can help to close known vulnerabilities that could be exploited by APTs.

• Use antivirus and firewall software: Install and regularly update antivirus and firewall software to help protect against malware and other threats.

• Use strong, unique passwords: Use strong, unique passwords for all accounts and do not reuse passwords across different accounts.

• Enable two-factor authentication: Use two-factor authentication, which requires a second form of authentication in addition to a password, whenever possible. This can help to protect against attacks that rely on stolen passwords.

• Be cautious of emails and links: Be cautious of emails and links, particularly those that come from unknown sources. Do not click on links or download attachments from untrusted sources, as they may contain malware.

• Educate employees: Educate employees about the risks of cyber attacks and teach them how to recognize and avoid suspicious emails and other threats.

• Conduct regular security assessments: Conduct regular security assessments to identify vulnerabilities and to ensure that security measures are effective.

Are you worried about cyber espionage?

CyberSecOp managed services help organizations by providing the expertise and resources; we are a specialized cybersecurity provider for organizations that may not have the in-house expertise or resources to manage their cybersecurity effectively.

Some common types of managed services in the context of APTs and cyber espionage may include:

• Threat intelligence and monitoring: Offer real-time monitoring for APTs and other threats, as well as analysis of threat intelligence data.

• Vulnerability management: Offer services to help organizations identify and address vulnerabilities in their systems and applications.

• Security incident response: Offer support to organizations in responding to security incidents, including providing guidance on how to contain and mitigate the effects of an attack.

• Security testing and assessment: Providers may offer services to help organizations assess the effectiveness of their current security measures and identify areas for improvement.

CyberSecOp use MITRE ATT&CK to help organizations better understand the tactics, techniques, and procedures used by attackers and design more effective defenses against them. We also use it in relation to incident response, allowing organizations to quickly identify what stage of an attack they are dealing with and take appropriate action.

Using MITRE ATT&CK to provide services, it helps your clients improve their cybersecurity posture and defend against cyber attacks. This could involve providing guidance on how to implement controls to mitigate specific attack techniques, conducting assessments to identify vulnerabilities and areas for improvement, or providing incident response support.

Healthcare Cyber Breaches and Statistics

Cyber breaches in the healthcare industry can have serious consequences, as they can compromise the confidentiality, integrity, and availability of sensitive patient information. These breaches can lead to financial loss, damage to reputation, and regulatory fines for the affected organizations. They can also have serious consequences for patients, including identity theft, financial loss, and harm to their physical and mental health.

According to a survey conducted by the Healthcare Information and Management Systems Society (HIMSS) in 2018, only 36% of healthcare organizations reported having a fully implemented cybersecurity program. The survey also found that only 37% of healthcare organizations had a formal incident response plan in place, and only 29% had regularly scheduled cybersecurity training for employees.

There have been several high-profile healthcare cyber breaches in recent years, including the 2017 WannaCry ransomware attack that affected the National Health Service in the UK and the 2018 breach of the health insurance company Anthem, which exposed the personal information of nearly 79 million individuals.

According to the US Department of Health and Human Services (HHS), the healthcare industry has consistently had the highest number of reported data breaches of any sector. In 2020, the HHS received reports of 1,363 breaches affecting a total of over 36 million individuals. The most common types of breaches reported were hacking/IT incidents (43.8%), unauthorized access/disclosure incidents (33.7%), and theft incidents (22.5%).

It is important for healthcare organizations to implement robust cybersecurity measures to protect patient information and prevent cyber breaches. This includes regularly updating and patching systems, training employees on cybersecurity best practices, and implementing strong passwords and access controls.

high-profile cyber breaches in the healthcare

There have been several high-profile cyber breaches in the healthcare industry in recent years. Some examples include:

• In 2021, the health insurance company Premera Blue Cross announced a data breach that affected over 11 million individuals. The breach occurred in 2014, but was not discovered until 2015. The company discovered that hackers had gained access to its systems and had potentially accessed personal and medical information of its customers.

• In 2020, the healthcare provider UnityPoint Health suffered a data breach that affected over 1.4 million individuals. The breach occurred when an employee fell victim to a phishing attack, which allowed hackers to gain access to the company's systems and potentially view or steal patient information.

• In 2019, the healthcare provider Quest Diagnostics announced a data breach that affected nearly 12 million individuals. The breach occurred when an unauthorized third party gained access to the company's systems and potentially accessed patient information.

• In 2018, the health insurance company Anthem suffered a data breach that affected nearly 79 million individuals. The breach occurred when hackers gained access to the company's systems and potentially accessed the personal and medical information of its customers.

It is important for healthcare organizations to implement robust cybersecurity measures to protect against cyber breaches and prevent the unauthorized access or disclosure of sensitive patient information.

healthcare HIPAA and cyber protection

The Health Insurance Portability and Accountability Act (HIPAA) is a US law that sets standards for protecting certain health information. HIPAA requires covered entities (such as healthcare providers, health plans, and healthcare clearinghouses) and their business associates to implement safeguards to protect the privacy and security of protected health information (PHI).

HIPAA requires covered entities to implement physical, technical, and administrative safeguards to protect PHI. These safeguards include:

• Physical safeguards: measures to secure the physical environment where PHI is stored, such as locking doors and securing servers.

• Technical safeguards: measures to protect against unauthorized access to PHI, such as firewalls, encryption, and access controls.

• Administrative safeguards: policies and procedures to ensure the proper handling of PHI, such as training employees on HIPAA requirements and conducting risk assessments.

HIPAA also requires covered entities to report certain types of breaches of PHI to the Department of Health and Human Services (HHS) and, in some cases, to affected individuals.

It is important for covered entities and their business associates to comply with HIPAA requirements to protect the privacy and security of PHI and prevent cyber breaches. This includes implementing appropriate safeguards and regularly reviewing and updating their HIPAA compliance programs.

The Majority Of US Defense Contractors Fails To Meet Basic Cybersecurity Standards.

 According to the study, this could have severe consequences for defense contractors, with nearly half losing up to 60% of their revenue if DoD contracts are lost.

"CMMC is a set of commercially reasonable standards to protect data," said CyberSecOp CISO. Organizations must address it as a part of doing business or risk losing the contract. “Nearly nine in ten (90%) of US defense contractors need to meet basic cybersecurity regulatory requirements.

According to the survey, defense contractors still need to implement basic standards. A sampling:

·        35% have security information and event management (SIEM)

·        39% have an endpoint detection response solution (EDR)

·        18% have a vulnerability management solution

·        28% have multi-factor authentication (MFA)

Defense contractors are being targeted by state hackers.

Defense contractors are a popular target for nation-state groups due to the sensitive information they possess about the US military. The Cybersecurity and Infrastructure Security Agency (CISA) issued an advisory in October 2022 highlighting advanced persistent threat (APT) activity detected on a defense organization's enterprise network.

CyberSecOp CISO is concerned that four out of five defense contractors reported a cyber-related incident, with nearly three out of five reporting business loss due to a cyber-related event.

CyberSecOp is a CMMC-AB REGISTERED PROVIDER ORGANIZATION (RPO)

DOD has made an effort to simplify CMMC, but it is undoubtedly still complicated. CMMC is based on several other standards, including DFARS, 800-171, and ISO 27001. Utilizing all the above information security standards make it very challenging for most DOD contractors to copy with CMMC. Get compliant with CyberSecOp CMMC Assessment, Security Program & Advisory Services.

Hackers Continue to Exploit Apache Log4j Security Flaws

Hackers continue to exploit Apache Log4j Security Flaws which was discovered on December 17, 2021. CISA issued Emergency Directive (ED) 22-02: Mitigate Apache Log4j Vulnerability directing federal civilian executive branch agencies to address Log4j vulnerabilities—most notably, CVE-2021-44228. The Emergency Directive requires agencies to implement additional mitigation measures for vulnerable products where patches are not currently available and requires agencies to patch vulnerable internet-facing assets immediately, thereby superseding the broader deadline in BOD 22-01 for internet-facing technologies.

Hackers including Chinese state-backed groups have launched more than 840,000 attacks on companies globally since last Friday, according to researchers, through a previously unnoticed vulnerability in a widely used piece of open-source software called Log4J.

What is Log4j vulnerability?

Log4j is a piece of open-source code enabling system administrators to handle and record errors. However, a disastrous vulnerability in the protocol has made masses of systems susceptible to cyberattacks.

The zero-day vulnerability termed ‘Log4Shell’ takes advantage of Log4j’s allowing requests to arbitrary LDAP (Lightweight Directory Access Protocol) and JNDI (Java Naming and Directory Interface) servers, allowing attackers to execute arbitrary Java code on a server or other computer or leak sensitive information.

In other words, hackers can exploit Log4Shell to install malicious software or enable data theft. Because of Log4j’s omnipresence, the threat is global and massive. . Apache products that are affected by Log4j.

Hackers exploit Log4j Security Flaws New reported Hacks.

On August 27, 2022, Iranian Hackers Exploits Unpatched Log4j 2 of an Israeli Organizations

"After gaining access, Mercury establishes persistence, dumps credentials, and moves laterally within the targeted organization using both custom and well-known hacking tools, as well as built-in operating system tools for its hands-on-keyboard attack,"

September 9, 2022, Lazarus Exploits Log4j 2 of Energy Companies in US, Canada, & Japan

Threat intelligence company Cisco Talos says the cybercriminals group targeted certain energy providers in the three countries between February and July 2022. Lazarus used the Log4j vulnerability — reported last year — to gain access to the servers and deployed Vsingle, Yamabot malware, alongside a new entrant — dubbed MagicRat — to establish a seamless connection.

The research published by Cisco Talos on Thursday states that the MagicRat malware attributed to Lazarus is a remote access trojan used for reconnaissance and stealing credentials.

Vsingle is used to execute arbitrary code from remote networks and can be used to download plugins. According to the researchers, Lazarus has been using it for reconnaissance, manual backdooring, and exfiltration. The other one, Yamabot, is a Golang-based malware that uses HTTP requests to communicate with command-and-control servers.

Log4j Remediation

Remediation is a critical step to ensure that attackers do not exploit vulnerable Log4 assets in your environment as most organizations have multiple Java-based applications in their environment. Most Java-based applications use Log4J; the scope of this problem is significant.

Wait for the Vendor to Release a Log4j Patch

Many of the applications installed in your environment are developed by vendors. As with any application, these third-party applications may be vulnerable to Log4Shell. Most vendors will test their application(s) to ensure that they are not weak for Log4Shell and, if they are, will release a patch to fix the vulnerability. The CyberSecOp Red team can help you identify Log4J vulnerabilities so you can plan effectively and we will working the vendors to remediate them.

During war time, critical vulnerabilities can arise out of nowhere. It can be stressful and time-consuming to deploy emergency patches, and security teams often lack the resources and visibility needed to quickly identify, triage, and resolve vulnerabilities in a timely manner.

16 Microsoft Outlook Security & Optimization Tips

This article provides advice on how to increase Outlook productivity, improve security, and get the most out of this critical program. We can assist you in protecting your account if you receive a link in an email that appears to be from your bank but isn't fake notifications from social networking sites or malicious advertisements. We stay up to date on the latest scams, so you don't have to. Though we protect your account from a variety of threats, there are several steps you can take to keep your account and personal information safe.

Outlook Security Tips

1. Outlook user Email Security Tips

• If you see a yellow safety bar at the top of your message, then the message contains blocked attachments, pictures, or links to websites. Ensure you trust the sender before downloading any attachments or images or clicking any links. Emailing the sender to verify they intended to send you an attachment is also a good practice for any attachments you're not expecting.

• A red safety bar means that the message you received contains something that might be unsafe and has been blocked by Outlook.com. We recommend that you don't open those email messages and delete them from your inbox.

• When you add an address to your Outlook safe sender’s list, all messages you receive from that address go right to your inbox. Adding a sender to your blocked sender’s list sends messages from that address to your Junk email folder.

• If the URL that appears in the address bar when you sign in doesn't include login.microsoftonline.com or login.live.com, you could be on a phishing site. Don't enter your password. Try to restart your browser and navigate to login.microsoftonline.com or Outlook.com again. If the problem continues, check your computer for viruses.

2. Use multi-factor authentication.         

• Multi-factor authentication (MFA) also known as two-step verification, requires people to use a code or authentication app on their phone to sign into Outlook and Microsoft 365, and is a critical first step to protecting your business data. Using MFA can prevent hackers from taking over if they know your password.

3. Protect your administrator accounts.

• Administrator accounts (also called admins) have elevated privileges, making these accounts more susceptible to cyberattacks. You'll need to set up and manage the right number of admin and user accounts for your business. We also recommend adhering to the information security principle of least privilege, which means that users and applications should be granted access only to the data and operations they require to perform their jobs.

4. Use preset security policies.  

• Your subscription includes preset security policies that use recommended settings for anti-spam, anti-malware, and anti-phishing protection.

5. Protect all devices.    

• Every device is a possible attack avenue into your network and must be configured properly, even those devices that are personally owned but used for work.

  • Help users set up MFA on their devices

  • Protect unmanaged Windows and Mac computers

  • Set up managed devices (requires Microsoft 365 Business Premium or Microsoft Defender for Business)

6. Train everyone on email best practices.       

• Email can contain malicious attacks cloaked as harmless communications. Email systems are especially vulnerable because everyone in the organization handles email, and safety relies on humans making consistently good decisions with those communications. Train everyone to know what to watch for spam or junk mail, phishing attempts, spoofing, and malware in their email. 

7. Use Microsoft Teams for collaboration and sharing.

• The best way to collaborate and share securely is to use Microsoft Teams. With Microsoft Teams, all your files and communications are in a protected environment and aren't being stored in unsafe ways outside of it.

  •   Use Microsoft Teams for collaboration.

  • Set up meetings with Microsoft Teams

  •   Share files and videos in a safe environment 

8. Set sharing settings for SharePoint and OneDrive files and folders.

• Your default sharing levels for SharePoint and OneDrive might be set to a more permissive level than you should use. We recommend reviewing and if necessary, changing the default settings to better protect your business. Grant people only the access they need to do their jobs. 

9. Use Microsoft 365 Apps on devices. 

• Outlook and Microsoft 365 Apps (also referred to as Office apps) enable people to work productively and more securely across devices. Whether you're using the web or desktop version of an app, you can start a document on one device and pick it up later on another device. Instead of sending files as email attachments, you can share links to documents that are stored in SharePoint or OneDrive. 

10. Manage calendar sharing for your business.

• You can help people in your organization share their calendars appropriately for better collaboration. You can manage what level of detail they can share, such as by limiting the details that are shared to free/busy times only.

11. Maintain your environment.

• After your initial setup and configuration of Microsoft 365 for business is complete, your organization needs a maintenance and operations plan. As employees come and go, you'll need to add or remove users, reset passwords, and maybe even reset devices to factory settings. You'll also want to ensure people have only the access they need to do their jobs.

Top 10 Microsoft Outlook Tips to Boost Productivity

12. Create folders to organize your emails.

• This is the apparent first step if you want to simplify how you use email. However, it may also be the most difficult, particularly if your inbox is overloaded. Even so, it makes the most sense to organize your emails into a user-friendly folder system so that you won't have to spend hours sifting through hundreds of emails in search of the one you're looking for. An easy-to-use folder system will also encourage you to respond to each email as it comes in rather than putting it off till later all the time.

13. Utilize the simple email templates provided by Outlook.

• Save one of the emails as a template if you frequently write the same type of message so that you may conveniently access it in the future when you're ready to use that previously saved form. 

14. Accept the web-based future of Outlook.

• Most of the email, calendar, and contact infrastructure is moved to a web-based view in Outlook Office 365, and other recent versions of the program so that it can be accessed on any device. Even sending brief notes amongst coworkers is straightforward with Microsoft's Send email software for cellphones, which also enters all the communications into your Microsoft Outlook history for convenient archiving and access.  

15. Adjust desktop notifications so that you only receive critical messages.

• If you get a notification every time a message arrives in your inbox, you'll be distracted. But you don't want to miss important emails, so disable desktop alerts in File > Options > Mail Options, then create a custom rule to only display alerts for messages sent to you by specific contacts. 

16. Make a folder for frequently used searches.

•  Looking for a specific folder among a hundred can be time-consuming if you still do so by typing words or phrases into the search field above the message list. You can, however, make the job easier by creating a "Search" folder for frequently searched terms.

  •  To make one, go to the "Folder" tab and right-click on "Search Folder.

ADVISORY: Reports of possible digital breach

ADVISORY: Reports of possible digital breach

 Okta investigating reports of possible digital breach

Lapsus$, a cyber extortion gang, has announced that they have breached Microsoft and Okta.

The gang has leaked torrents containing source code for Bing, Bing Maps, and Microsoft Cortana, as well as a screenshot of an internal Microsoft Azure DevOps account. They also claim to have had “Superuser/Admin” access to Okta’s systems for two months, and said its focus was “only on Okta customers.”

Both Microsoft and OKTA  have started an investigation to confirm or disprove they’ve been breached. 

Recommended Actions: 

These attacks are a striking reminder of the supply chain’s cyber risks - Real risks brought to organizations by use of softwares and systems like OKTA, Microsoft, as well as many others.

Please work with your vCISO or Risk Manager to ensure the proper Vendor Security controls and processes are in place as well as other vital security controls that will drastically reduce the possibility of these dangerous hacks spilling into your network and systems.

Author: Michael Sardari

What Does Cybersecurity Compliance Mean?

Cybersecurity Compliance involves meeting various controls (usually enacted by a regulatory authority, law, or industry group) to protect the confidentiality, integrity, and availability of data. This is usually driven by a security consultant.

What is a Security Consultant?

A security consultant, also sometimes called a security analyst, pinpoints vulnerabilities in computer systems, networks, and software programs and identifies solutions to defend against hackers. This consultant role is a strong example of a highly specialized IT occupation.

What Does a Cybersecurity Consultant do?

Cybersecurity consultants assess an organization's security operations, computer systems, network, and software for vulnerabilities, then design and implement the best security solutions for the company. If a cyberattack does happen, the client will reach out to a security consulting firm, such as CyberSecOp, to seek expertise to respond and mitigate the damage. Cybersecurity consultants and risk managers can provide your organization with technology controls, policies, procedures and other management controls. 

What does a Risk Manager do?

While cyber security consultants/analysts are geared more towards the technology stack of an organization a Risk Manager takes it a level higher and focuses on the organization risk from a holistic view. A risk manager can help an organization understand how to formulate a documented Risk Management Framework (RMF) in which representation from key stakeholders and leaders take part in continuously assessing, identifying and mitigating risks for the organization. This goes beyond the security tools and into the realm of Policy, Culture, Procedure, Communication and continuous improvement. Risk Managers are skilled at organizational risk and are a key component of not only ensuring compliance, but risk reduction as a whole. It is important to remember that being compliant is not necessarily being secure, and risk mangers can bring that whole package together.

What are Cybersecurity Consulting Services?

Cybersecurity consulting helps organizations mitigate certain risks and prevent identity theft, hacking and data theft. A cybersecurity consultant can also help identify risks that the business may have previously overlooked. Cybersecurity consulting acts as an extension to your in-house security team.

Main Areas of Focus Will Be:

• Security management, governance and compliance

• Risk Management

• Security monitoring

• Security architecture

• Incident response

  • Remediation of attacks

  • Attack detection

Cybersecurity Consulting Service Benefits

1. Cybersecurity consulting acts as an extension to your in-house security team.

2. The professionals from CyberSecOp security consulting services can identify problems within the organization

3. Maximize your security investments with cybersecurity services.

4. Cybersecurity consulting management makes it easier to handle regulatory and compliance requirements.

5. Cybersecurity services provide you with experts who have the training, experience and qualifications needed to identify and manage risk all the while ensuring your business remains compliant.

CyberSecOp security consulting services help your organization achieve maturity within your security environment. CyberSecOp cybersecurity consulting firm has experience with diverse clients across many industries. A skilled group of security consultants will know the pitfalls and hurdles to avoid in relation to your security transformation or security compliance requirements.

What is Your Organization's Cybersecurity Game Plan?

What is Your Organization’s Game Plan for Optimizing Cybersecurity Management?

Like the teams prepping for Sunday's Big Game, cybersecurity and risk management require a playbook to efficiently manage multiple frameworks. Most organizations are going on the offensive with their defensive measures in regards to cybersecurity and risk management. CyberSecOp cybersecurity programs empower your security maturity and culture by utilizing multiple security frameworks to address expanding requirements.

 Why is Offensive Defense Important?

Threats like ransomware give attackers the ability to shut down your access to devices, databases and other data streams. While large corporations and government agencies are in attackers’ crosshairs to yield big payouts, small and mid-sized businesses (SMBs) are not immune to ransomware risks.

Which Security Framework Can Reduce the Risk of Ransomware?

CyberSecOp provides cyber risk and advisory programs to identify the right security framework for your organization and industry.   

How CyberSecOp Assists Our Customers:

To protect against ransomware, CyberSecOp assists clients to implement NIST Cybersecurity Framework and NIST SP 800-207, Zero Trust Architecture to help understand, manage and reduce your cybersecurity risks like phishing and ransomware attacks.

CyberSecOp assist our customers with:

Benefits

Reduce the potential of ransomware encryption  

• Experienced Security & IT leader

• Reduce risk

• Build risk assessment program

• Third-party risks, privacy compliance and data processing mapping.

• Response and mitigation strategies

• Security monitoring (SOC & MDR)

• GRC platform that incorporates all stages of processing in the risk operational workflow.

• Monitor and report on combines and individual frameworks

CyberSecOp cybersecurity experts have been involved in thousands of audit processes at organizations worldwide. Our team has experience with the following framework and regulatory requirements: NIST, PCI, HIPAA, GLBA, SOC, FISMA, GDPR, NYDFS, ISO 27000, SEC, FINRA and others.

Cyber Threats Require New Approach to Design Flaws and Risk

Now that the year is in full swing, and you’re only left with the distant memories, COVID, and cyber security, what are your business cyber objectives for 2022?

Ours goals are to continue helping businesses:

1. Improving security for everyone, by doubling the amount or organizations we helped last year (100% our client shows no evidence of a data breach)

2. Offer competitive pricing, to make security an attainable goal for every organization

3. Reduce cost and increase security by implementing more automation and artificial intelligence 

Cyber threats are a real threat to all modern businesses, with the evolution of technology in all sectors. Malicious cyberattacks in 2021 forced shutdown of many business operations at an average downtime of a month.  According to multiple reports, the amount of companies who ended paid hackers grew by 300% in 2020, and 200% in 2021. The businesses that were victimized had two options, pay the ransom or go out of business.

Email is the most popular attack vector

Email is still a top attack vector cybercriminal use. A majority of data breaches are caused by attacks on the human layer, but email hacking is much more than phishing.

Top 3 email attacks

1. Most wire frauds are successful over email communication; the focus trust, in most case the threat actor would be in the middle of a communication between two are more parties. This allows the threat actor to control the conversation, and change wire information.

2. Threat actor’s setup email rules to keep persistent connections and visibility to gain insight into the organization long after all passwords have been changed.

3. Threat actors add external emails to distribution groups to keep persistent connect and gain continuous insight into the organization in preparation for their next attack.

Double and Triple Extortion

Cybercriminal groups identified by the FBI responsible for most incidents are known for conducting aggressive “double/triple extortion” ransomware attacks once they have gained access to a network.

In double extortion attacks not only is the victim organization’s data rendered inaccessible until a ransom is paid but the criminals may further monetize the ransomware attack by coupling it with a Distributed Denial of Service (DDoS) attack or selling the stolen data onto other criminal groups.  In some cases, if the organization is not careful, hackers use email, phone, or text to deceive  employees into helping them commit wire fraud.  

Providing security is challenging in any industry, whether you’re talking about agriculture, automobiles, furniture, financial services, or educational. It requires special equipment and knowledge around how things can fail in the field, and a disciplined approach to executing tests that reflect real-world conditions as much as possible.

This is where CyberSecOp can help your organization

We are an independent third-party testing, and compliance readiness firm, operating only within the cybersecurity industry. With our comprehensive suite of services and solutions our team can provide continuous testing, security program development, security tabletop exercise, security awareness training to reduce risk and increase critical testing against sensitive systems, using real-world conditions.

PlayStation Network Breaches (PSN Hacks)

PlayStation Network was launched in the autumn of 2006 and offers games, music and movies to people with PlayStation consoles.

2021 PlayStation Network Users Account Breach

On July 14, 2021 Sony Urges PSN Users to Use 2-Step Verification After Reports of Hacking. Sony urged users of its PSN service to use 2-step verification after receiving user reports of account hacking. Several users have submitted inquiries through the official Japanese PlayStation Support. While the issue has to do with PSN accounts, there is no indication that any of Sony’s official accounts were breached. This includes any hacking attempts or any breach of information through the service.

2014 PlayStation Network Breach

On November 24, 2014, a hacker group identifying itself as "Guardians of Peace" leaked a release of confidential data from the film studio Sony Pictures. The data included personal information about Sony Pictures employees and their families, emails between employees, information about executive salaries at the company, copies of then-unreleased Sony films, plans for future Sony films, scripts for certain films, and other information.

On December 24, 2021 Xbox live and PlayStation Network attack and Christmas was ruined for millions of gamers. Millions of people could not use their games consoles for a second day as disruption on the Xbox Live and Sony PlayStation networks continued after an apparent cyber-attack.

The group calling itself Lizard Squad once again claimed responsibility for bringing down both networks on Christmas Eve, which could have affected nearly 160 million gamers. This was once again distributed denial of service, or DDOS, the attack is overloading the systems of both services by generating fake access requests. More than 110 million people use the PlayStation Network (PSN) and at least 46 million use Xbox Live, both of which connect players to other gamers and services through the internet. Lizard Squad had apparently threatened to target both networks at Christmas describe itself as the “next-generation Grinch”.

 2011 PlayStation Network Breach

This PlayStation Network attack took the down for 23 days

The first reported play PlayStation Network Breach was disclosed between April 17 and April 19, 2011.

Sony learned that user information had been stolen from its PlayStation Network seven days ago, prompting it to shut down the network immediately.

The company said user account information for the PlayStation Network and its Qriocity service users was compromised between April 17 and April 19.

On April 20 PlayStation Network services were disabled to investigate the security incident. Sony update it blog that all data was encrypted and the database of customer information exposed to the unknown attacker. The data base includes information such as name, address (city, state, zip), country, email address, birthdate, PlayStation Network/Qriocity password and login, handle/PSN online ID, as well as profile data including purchase history and billing address (city, state, zip), and PlayStation Network/Qriocity password security answers.

On April 30, 2011, Sony report that recovery is on it was and it hope to restore all services with the week.  Sonly also update that it was work with multiple security firms. May 3, 2011, Sony announced that a total of 77 million customers were affected in the breach.

On May 2 Sony issued a press release, according to which the Sony Online Entertainment (SOE) services had been taken offline for maintenance due to potentially related activities during the initial criminal hack. Over 12,000 credit card numbers, albeit in encrypted form, from non-U.S. cardholders and additional information from 24.7 million SOE accounts may have been accessed.

On May 6 Sony stated they had begun "final stages of internal testing" for the PlayStation Network, which had been rebuilt.  However, the following day Sony reported that they would not be able to bring services back online within the one-week timeframe given on May 1, because "the extent of the attack on Sony Online Entertainment servers" had not been known at the time. On May 14 various services began coming back online on a country-by-country basis, starting with North America. On May 23 Sony stated that the outage costs were $171 million.