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Defending Against the Cyberrisk of Malicious Insiders

An overwhelming number of businesses increasingly see their greatest cyber threats coming from within, but figuring out what to do about the risk poses a formidable gap, according to a recent study from Mimecast. The email and data security company found that 90% of organizations globally consider malicious insiders a major threat to security, yet 45% report they are ill-equipped to cope with the risk. Indeed, one in seven IT security decision-makers view malicious insiders as their number one threat.

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Current measures to guard against this risk may still leave significant exposure, and IT managers appear to know it. Those who say they are very equipped on cybersecurity feel virtually just as vulnerable to insider threats as those who believe they are not equipped at all (16% vs. 17%), “indicating that the risk of malicious insiders trumps perceptions of security confidence,” Mimecast reported.

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Mimecast recommends the following strategies to guard against the risk of malicious insiders:

  1. Assign role-based permissions to administrators to better control access to key systems and limit the ability of a malicious insider to act.
  2. Implement internal safeguards and data exfiltration control to detect and mitigate the risk of malicious insiders when they do strike, to cut off their ability to send confidential data outside the network.
  3. Offer creative employee security training programs that deter potential malicious insiders in the first place and help others to spot the signs so they can report inappropriate activity to their managers. Then, back that up with effective processes to police and act swiftly in the event of an attack.
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  4. Nurture a culture of communication within teams to help employees watch out for each other and step in when someone seems like they’ve become disenchanted or are at risk of turning against the company.
  5. Train your organization’s leadership to communicate with employees to ensure open communication and awareness.

Check out more of the study’s findings in the infographic below:

mimecast_5-tips-to-defend-infographic

Ransomware Threats Jump 300%

Businesses have seen a huge increase in ransomware threats—300% from 2015, according to the FBI, which also reports there were 2,400 ransomware complaints in 2015. In addition to its growing frequency, the means of attack have also improved significantly, as hackers get better at social engineering and at developing malware.

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Unlike other types of cyberattack, ransomware attacks are not about extracting data, they are about freezing access, holding businesses functionally hostage, according to Risk Management. When this type of malware infects a system, it encrypts files and documents and demands a ransom, typically in the form of digital currency such as bitcoin, in exchange for a decryption key.

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The most frequent targets of attacks, 23%, were government entities, according to Hiscox. The category of business services was second at 18% and finance and insurance institutions followed with 13% of the attacks.
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Because the encryption can be crippling and circumventing it is difficult, the FBI advises that businesses may be better off paying the ransom, especially if the company’s system backup has also been infected.

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Cloud Privacy for Your Enterprise’s Data: Whose Choice?

cloud-securityToday’s headlines are full of reports of ransomware, retail customer data breaches and routine government surveillance of online traffic. The battle between the FBI and Apple over unlocking an iPhone is just the latest story highlighting digital data security as a daily concern.

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While teens on Facebook may not worry about who’s looking at their posts, CEOs in the boardroom have a real problem to solve. Not only do large enterprises have to protect themselves against data breaches, they must follow a complex maze of privacy and data-hosting laws that vary by country and state.

Security and compliance can, ironically, become much more difficult thanks to a shift that otherwise makes IT easier and less expensive. Moving IT operations to the cloud has many advantages, but by placing data in the hands of a cloud vendor, companies frequently surrender a lot of control over that data: where it’s stored, how it’s handled and how it’s secured.

Furthermore, most customers have no idea of the physical location of the data center holding their information. That creates an immediate compliance problem with EU data privacy and hosting regulations—and non-compliance can be costly.

As an enterprise customer, having choices as to where your content is stored is crucial to your ability to meet all those requirements. Indeed, data sovereignty has become increasingly important in the wake of Safe Harbor, so companies need cloud solutions that enable them to maintain the highest levels of visibility and control over their data.

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Data regulators have (for now) rejected the EU-U.S. Privacy Shield agreement, making it even more important for global enterprises to ensure they remain in compliance with regional privacy laws, protect employee personal information and preserve the confidentiality of valuable corporate intellectual property.

So when considering a cloud vendor, enterprises need to factor flexibility of location into their purchase decision. The ability to use private cloud, public cloud, and/or on-premises storage within a single account will offer global enterprises a flexible range of options. Along with that, enterprises should look for a cloud vendor that offers the enterprise’s IT department maximum visibility and control to choose the right storage location, based on national sovereignty, data sensitivity, and other factors that concern regulators.

Another crucial consideration is the security of the data – in particular, who ultimately controls access. It is really impossible for an enterprise customer to know if there is a hidden “back door” in the vendor’s system that might allow law enforcement (or a clever hacker) to get access to the most sensitive information of the enterprise. More importantly, should the FBI or NSA come calling, the enterprise has no way to know whether their vendor will allow those agencies access to data or if the vendor has agreed to the routine surveillance of their systems and, therefore, the customer data stored there.

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What company or organization would willingly place that kind of responsibility in the hands of a cloud vendor? Because the enterprise is responsible for the protection of its own data and that of its customers, as well as its reputation, the customer rather than the vendor should decide these issues with full knowledge, based on its own core values.

Whether a company has the ability to take on this responsibility, however, does rest with its cloud vendor, because the customer only can control what the vendor allows.

As custodians of the information entrusted to them by customers, cloud vendors have a duty to build in the highest levels of security to protect that data.

Vendors should never be in a position to hand over a customer’s data on their own, any more than a bank should be able to open your safe deposit box without your key. It doesn’t matter what the cloud vendor’s position may be on the continuum between privacy and intelligence gathering. (That’s a major reason Syncplicity has chosen to use a “split key” system that precludes us from having any access to customer data without their express consent.)

In addition, vendors also have a responsibility to provide their enterprise customers with the ability to control precisely where their data are stored. Admittedly, keeping data secure is a daunting task from the vendor’s perspective. Attacks are more sophisticated every day and there are new laws and lots of uncertainty around them internationally.

These are enormously important issues and companies that want to be in the business of managing data for others must take them seriously. Doing anything less than this is an abject failure by the vendor. Enterprise customers need to make these issues a central part of deciding which vendor to use. Doing anything less puts their business – and their customer’s data – in jeopardy.

Curb Phishing Damage with a New, Human Approach to Bad Habits

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In the first quarter of 2016 alone, more than 40 organizations, including Snapchat, Moneytree and Sprouts Farmers Market, acknowledged they were victims of phishing attacks. The attacks came via emails seemingly sent from CEOs to their own human resources and accounting departments. In reality, these emails were sent by cybercriminals attempting to steal vital personal and financial information from companies and their employees.

The FBI estimates that phishing attacks have cost companies more than $2.3 billion in losses over the past three years, and since January 2015 alone, the agency saw a 270 percent increase in identified victims and exposed losses from CEO scams.

Recipients who “take the bait” by responding to a phishing email often provide scammers with all the necessary information to perpetrate identity theft, including filing a tax return in someone else’s name. Clicking a link or opening an attachment may also launch malware-intrusive software and seriously compromise the system by initiating malicious background programs.

The stakes are high and regardless of your organization’s size, you are always at risk for an attack. In fact, the Anti-Phishing Workgroup discovers more than 40,000 unique phishing sites targeting about 500 brands per month, while the Department of Defense and Pentagon report receiving up to 10 million phishing attacks each day.

The success of attacks varies, with 30% to 60% of incidents resulting in victimization, according to a 2013 Verizon Data Breach Report. A phishing attempt’s success or failure, however, rests beyond a scammer’s ability to infiltrate the cybersecurity infrastructure of an enterprise.

Your organization’s susceptibility really comes down to your people. Even with training, vulnerabilities depend on a combination of employees’ awareness levels and enduring personal habits, according to research by University at Buffalo (UB).

Companies can implement more effective cyber preparedness measures only when they better understand the ways that their employees think and behave. As phishing attacks continue to evolve and become more sophisticated, the most successful employee cyber defense strategies should involve two critical components: 1) a combination of cutting edge training and testing and 2) support programs to alter the unconscious human behaviors that compromise cybersecurity.

Currently, most businesses train employees to recognize phishing attempts by identifying key elements in an email message, such as finding the sender’s address, noticing hyperlinks and recognizing clues like typos or awkward language. But research has shown that those efforts fail to sustain positive results because organizational training focuses on situational reactions while ignoring employees’ existing habits, which are difficult to break.

For example, an employee may successfully identify suspicious emails when prompted in a training session. When it comes to an average Monday morning, however, opening every email to clear their inbox may be a strong habit that training simply does not offset. Phishing is largely successful for this precise reason. Perpetrators take advantage of individuals who are habitual in the way they respond, despite any awareness they may have developed or gained in training, according to UB findings.

Many employers complement this basic training with follow-up penetration testing to evaluate whether employees recognize the warning signs of a cybersecurity threat in practice. Organizations may send a mock email with red flags that indicate a potential phishing attack, such as a compelling subject line like “Your computer is at risk.” Once opened, the recipient sees that the message is from the employer with a warning about how similar future messages could pose risks.

Penetration testing, however, doesn’t work in the long run because it also fails to acknowledge habitual actions and attempts to change a person’s behavior by simply encouraging them to do more of the same behavior.

Organizations can actually address the bad habits by identifying employees who are most susceptible to phishing and exposing them to higher levels of education with an emphasis on creating better tailored interventions that address the underlying “why” that drives people to fall prey to phishing time and again.

Continuously testing employees can be helpful; however, a company’s security training program must also attempt to adjust the daily unconscious behavior of employees that puts networks at risk. Companies need to provide their employees with a relatable (non-security/IT) team member/colleague to demonstrate what responsible cyber behavior looks like day in and day out.

One way to accomplish this is to create an internal cyber ambassador program that identifies employees who have proven themselves to have especially strong cyber awareness.

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These employees should be selected from teams such as accounting, sales, HR and administrative support, that are typically vulnerable to phishing attacks.

Cyber ambassadors are responsible for promoting cyber best practices within their own teams. This type of program creates a platooning effect, where employees subconsciously emulate the behavior of their ambassador/team member, resulting in a safer cyber environment.

While employees can be your greatest weakness, they can also be your strongest asset in thwarting phishing attacks. Training employees to identify a phishing attempt—either before or after falling victim to an attack—is only half the battle.

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By better understanding the mechanisms behind employee susceptibility, companies can anticipate individuals most at risk, create dynamic security and training policies that promote safe cyber behavior patterns, and alter employees’ habits through colleague support programs.

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