New threats, old tricks

Verizon's latest Data Breach Investigations Report finds hackers using old techniques to compromise corporate IT and steal data

Inside the Enterprise: In the IT security world, as in so much of technology, there is a fascination with the new. Identifying new and emerging threats is an obsession, and a business, for plenty of people in the industry. CIOs need to be kept abreast of any new risks their organisations might face.

Hackers, though, appear less fixed on new techniques. According to the latest Data Breach Investigations Report, compiled by Verizon, criminals are relying on phishing and hacking methods that have been around for years, if not decades.

Verizon which carries out this research annually says that 70 per cent of cyberattacks are now combined or blended attacks, using a mix of methods to overcome enterprises' defences. These include social engineering and phishing as well as hacking.

As many as 70 per cent of the attacks also use a secondary victim, making defence and attribution harder.

But Verizon is also warning that too many attacks are able to make use of vulnerabilities and exploits that could and should have been patched some time ago. Researchers found significant numbers of vulnerabilities that dated back to 2007. Even in a busy IT department, there are few excuses for leaving a vulnerability unpatched that long.

Simple errors or oversights of this type such as failing to apply patches, update security software or hardware, or to keep up employee training only serve to make cybercriminals' work easier.

It also allows hackers to exploit another trend: for malware to sit on systems, undetected, for long periods of time. So-called "advanced persistent threats" set out to be stealthy, so they can avoid the attention of security teams and extract data over an extended period of time.

Hackers are also hiding malware on organisations' networks, often using known vulnerabilities, or be activated to attack networks later, at will.

As Verizon's researchers point out, the fact that hackers are exploiting known and often old vulnerabilities means that many of the current attacks could be stopped.

The company points to some fairly measures to do this, including raising security awareness, using two-factor authentication and encryption, prompt patching and paying attention to both physical and virtual security.

Financially, this also makes sense. One interesting part of this year's Verizon DBIR is the attempt to quantify the cost of breaches.

The firm has reviewed almost 200 cyber insurance claims, and found that a breach involving the loss of 10 million records ranges between $2.1 million and $5.1 million and could even cost as much as $74 million. "We now know that it's rarely, if ever, less expensive to suffer a breach than to put the proper defence in place," said Verizon's Mike Denning.

If that's not an incentive to review security policies, then it is hard to know what is.

 Stephen Pritchard is a contributing editor at IT Pro.

Featured Resources

2021 Thales access management index: Global edition

The challenges of trusted access in a cloud-first world

Free download

Transforming higher education for the digital era

The future is yours

Free download

Building a cloud-native, hybrid-multi cloud infrastructure

Get ready for hybrid-multi cloud databases, AI, and machine learning workloads

Free download

The next biggest shopping destination is the cloud

Know why retail businesses must move to the cloud

Free Download

Recommended

Identity Automation launches credential breach monitoring service
phishing

Identity Automation launches credential breach monitoring service

5 Oct 2021
Neiman Marcus data breach hits 4.6 million customers
data breaches

Neiman Marcus data breach hits 4.6 million customers

4 Oct 2021
Indiana notifies 750,000 after COVID-19 tracing data accessed
data breaches

Indiana notifies 750,000 after COVID-19 tracing data accessed

18 Aug 2021
Pearson fined $1 million for downplaying severity of 2018 breach
data breaches

Pearson fined $1 million for downplaying severity of 2018 breach

17 Aug 2021

Most Popular

HPE wins networking contract with Birmingham 2022 Commonwealth Games
Network & Internet

HPE wins networking contract with Birmingham 2022 Commonwealth Games

15 Oct 2021
Veritas Backup Exec 21.3 review: Covers every angle
backup software

Veritas Backup Exec 21.3 review: Covers every angle

14 Oct 2021
What is cyber warfare?
Security

What is cyber warfare?

15 Oct 2021