• Welcome to Demakis Technologies! We are waiting to help you!

Tag Archives: cybersecurity

Risk of Cyberattack is Growing

Risk of Cyberattack is Growing

Has your organization ever had to deal with ransomware, malware, virus infections, or cyberattack? This attack may have seen important services fail and meant employees couldn’t do their work for hours or even days.  

It could even have blocked customers from accessing your digital or physical services. There’s a good chance this has already happened to you, given that the number of reports of cyber incidents has never been as high as it was last year. 

The damage cyberattack does to organizations ranges from unauthorized access via a relatively simple hack to large-scale theft of sensitive data, resulting in prolonged downtime. Effective recovery costs a lot of money and damages the confidence of your customers and investors. Whatever happens, don’t let a cyberattack destroy your organization. Prevention is better than cure, but if it does happen, it’s important to act quickly and limit the consequences. 

The Challenge for Companies 

As an organization, you must always be able to count on having structurally secure access to all customer data and business-sensitive data, while at the same time respecting all market-related regulations, legislation, and company policy. Reducing costs also often plays a major role, especially at a time when IT teams need to do more than ever in terms of innovation, security, and optimization. That is the number-one challenge that CTOs, CIOs, and IT managers face today. 

Affected by a Cyberattack? 

Risk of Cyberattack

If something does go wrong and your organization falls victim to a cyberattack, the often already overloaded IT staff work overtime to get the affected services and security back up and running as quickly as possible. These sorts of situations can be a frightening wake-up call, suddenly making everyone aware of the organization’s unexpectedly high vulnerability to cyberattacks. 

This is when people start asking: how can we better secure our organization, employees, and customers against cyberattacks? And what’s the most cost-effective solution? 

Managed Security Services Providers (MSSPs) provide structural security solutions against cyberattacks, including always up-to-date expertise in the latest cyber threats and appropriate solutions. 

What is a Managed Security Services Provider (MSSP)? 

Because security threats are becoming increasingly common, many organizations are partnering with a Managed Security Services Provider (MSSP), often in addition to their existing security program. MSSPs provide professional monitoring and management, protecting hardware and data from potential cyberattack.  

A Managed Security Service Provider is a third party that manages and implements network security and other forms of security for organizations. This could include: 

  • Blocking viruses and spam;
  • Managed Firewalls;
  • Detecting intrusion attempts;
  • Setting up and securing a virtual private network (VPN);
  • Implementing system changes or upgrades. 

In addition, MSSPs continuously monitor the security devices and systems in the organization. Most MSSPs offer a wide range of services, including: 

  • Device management;
  • Log monitoring and management;
  • Vulnerability management;
  • Consultancy services. 

Managed Security Service Providers generally offer their services in a software-as-a-service (SaaS) model. This means that your organization doesn’t need any extra hardware or staff – and this has a number of major benefits! We’ve listed the eight main ones for you. 

Eight major benefits of having an MSSP 

1. MSSP lowers costs in many areas 

Reduced training costs 

Working with an MSSP results in major cost savings on training and ensures IT teams have up-to-date knowledge of cyber security and threats. You benefit directly from the expertise and experience of the MSSP. 

Lower staffing costs 

You also save on staffing costs. Using an MSSP means you don’t incur any costs for hiring one or more full-time InfoSec professionals. In addition, MSSPs continuously monitor security systems – 24 hours a day, 7 days a week! You can’t even expect that from your best employees. 

Lower investment costs 

An MSSP spreads the fixed costs of investments in technology over a broad customer base. And as a customer, you benefit directly from these savings. With an MSSP, you save directly on the costs of your own hardware, applications, and experts. 

No unexpected costs 

An MSSP is the solution to a lot of your concerns, and it makes it clear what you have to do as an organization. After all, managing everything in-house means new rules and guidelines can come as a surprise, resulting in high unexpected costs when you need to hire industry and compliance experts. 

2. More time to focus on your business 

An MSSP frees up time, so you can work on the things that really move your business forward – no more continuously having to resolve incidents. Your IT teams can reclaim time to focus on developing things, such as new services (innovation), network-related optimisations, business roadmaps, and more. 

3. Access to unique expertise and tools 

Are your IT staff experts in cyber security? Do they know all the latest developments, techniques, and technologies that guarantee safety? IT security is a unique expertise area that requires continuous training and education. For many organizations, experienced and dedicated staff for IT security are not only expensive, but also difficult to find.  

Gaining access to the best cyber security solutions and technologies is a key asset and incentive to start working with a Managed Security Services Provider. An MSSP also provides independent cyber-security advice; this isn’t the case for suppliers of hardware and tools. 

One of the main benefits of working with a Managed Security Services Provider is the broad cyber-security expertise it offers, something that many companies don’t have in-house. Outsourcing this to a Managed Security Service Provider means you can be certain that a security expert will protect and manage your data properly. The certified employees of good MSSPs are always aware of developments in industry and in modern cyberattack. 

Organizations that place their trust in an MSSP are often more effective at protecting their own organizations than when they rely on their own security teams alone. Of course, this doesn’t alter the fact that both teams have to make proper arrangements about how they communicate with one another. 

4. Direct cyber security 

IT teams themselves often don’t have time to keep up to date with the best next-generation firewalls or cyber-security topics, such as endpoint protection, phishing, and advanced threat prevention.  

Cyberattack Risk

The good news is that as a partner of your company, an MSSP always has that knowledge at hand and applies it directly. From the moment an organization chooses a good MSSP, that expertise is immediately accessible: your MSSP is dedicated to ensuring the security of your network, endpoints, and data 24 hours a day, 7 days a week. This is intelligent, always-on cyber security expertise!  

5. Automatic detection and fixing of vulnerabilities 

An MSSP takes a lot of work off your hands when it comes to detecting and fixing vulnerabilities. An MSSP can: 

  • Structurally detect and reduce vulnerabilities in critical systems;
  • Proactively predict threats, especially and specifically for targeted cyberattack; 
  • Automatically detect important offensive tactics and methods in critical systems;
  • Respond effectively and quickly;
  • Reduce the likelihood of an attack succeeding and becoming an ‘event’ that takes a lot of time to control. 

6. Increase action-oriented insight and reduce alert fatigue 

Day in, day out, IT professionals have to deal with countless security alerts originating from various security tools used within the company. Research by the Cloud Security Alliance shows that more than 31% of IT security specialists do not respond to these alerts, as most of them are false positives.  

In short, alerts often fail in their purpose: they’re either not usable or don’t contain information that could be used to take action. This form of alert fatigue increases the likelihood that actual cyberattack will go unnoticed. 

‘Over 31% of IT security specialists don’t respond to security alerts, due to the high number of false positives.’ – Source: research by The Cloud Security Alliance 

Many cyber-security solutions cause integration problems when exchanging data, resulting in inefficient and ineffective data silos. MSSPs usually have integrated technical solutions that fully focus on action-oriented alerts. 

So if your MSSP sends you alerts, these are hardly ever redundant or unusable. 

Most MSSPs use technology of all types and sizes that in-house specialists have integrated over time for businesses. The MSSP therefore offers solutions that avoid situations where IT staff receive endless alerts, while at the same time increasing response efficiency. Moreover, thanks to the insights provided by an MSSP, you can set easily measurable goals for cyber security. 

7. Scalability 

Another benefit is that MSSPs can be scaled perfectly to your needs, and the required security IT infrastructure can be easily adapted. So if you temporarily need extra capacity, you simply scale up. Resources automatically grow with your capacity needs. And if you need to scale back at a later time, you can. MSSPs respond quickly. 

8. Good guarantees and fast response times 

why is risk of cyberattack growing

Good MSSPs offer Service Level Agreements (SLAs) alongside their 24-hour, 7-days-a-week, 365-days-a-year support An SLA contains guidelines for customers on incident response times and guarantees in the event of security incidents.  

In short, all potential risks associated with cyber threats are shifted from your organization to a specialized third party, the MSSP. 

Conclusion 

Cybercrime is evolving at an incredible pace, with even the largest international companies discovering vulnerable points in their security systems. Without proper protection, tracking these threats would take an awful lot of time and energy, not to mention manpower and salaries for qualified in-house IT specialists. 

Today’s threat landscape poses a real risk to your sensitive data, profitability, and reputation. IT security is an ongoing activity that requires a clear understanding of how users, customers, and applications access data and how devices are configured. An MSSP is the solution and also provides Regular Cyber Security Assessments. 

Cost savings 

It’s often the cost that prevents a company from hiring MSSPs. But that’s a misconception. Hiring these providers usually saves your organization a lot of money: 

  • Reducing costs after a cyber-security incident;
  • Fewer costs for hiring in-house experts and further training staff;
  • 24-hour protection prevents intrusion and avoids costs;
  • No high investment costs;
  • Good prior insight into costs;
  • The insight an MSSP gives into cost savings is crucial. 

An MSSP for your organization 

Cyber security should support rather than hinder innovation and change. Manageable, flexible, resilient, and responsive protection gives your organization what it needs. If you are looking for best IT solutions for your company, be free to contact us at Demakis Technologies.

Five Emerging Cyber-Threats to Watch Out for in 2021

Five Emerging Cyber-Threats to Watch Out for in 2021

What was the driving force behind your company’s digital strategy in 2020?

Was it your CEO? Probably not. Your CTO or CISO? Perhaps. 

In reality, for most organizations, it was COVID-19. In 2019, one company after another said: “work-from-home isn’t an option for us” or “we aren’t interested in shifting operations to the cloud.” 

Then everything changed. The pandemic drove a massive shift towards remote work. For many companies, this wasn’t even an option — it was a case of ‘do or die.’ 

By April 2020, almost half of the American workforce was working from home. As organizations and employees become more comfortable with this, we shouldn’t expect a full return to the traditional in-office model anytime soon, if ever. Work-from-anywhere is the new way of doing business, with employees accessing cloud services, collaborative tools and remote systems from home and public networks – and not always through the safety of a VPN. 

This rapid shift brings a host of security challenges for companies, and we think five trends will dominate the cybersecurity landscape in 2021. 

1. Yesterday’s Cyber-Threats, Evolved 

Cyber-Threats to Watch Out for in 2021

First off, it seems clear that ‘known’ cyber-threats such as phishing, ransomware, Trojans and botnets will remain prominent. Such attacks are increasingly automated and tailored with personal info, often mined from company websites and social networks. As trends towards automation increase, these sorts of hazards will keep growing in number and frequency. 

Current events can shape these cyber-threats as well. We saw a surge in phishing emails during the pandemic, taking advantage of victims’ unfamiliarity with remote work applications or purporting to contain details of much-needed stimulus checks. 

As malware and social engineering campaigns are industrialized, cyber-criminals can assess and fine-tune their attacks based on the results achieved until they have a truly dangerous threat with a considerable success rate. 

2. Fileless Attacks 

As the name suggests, fileless attacks – a subset of ‘living off the land’ (LotL) attacks, which exploit tools and features already present in the victim’s environment – don’t rely on file-based payloads, and generally don’t generate new files either. As a result, they have the potential to fly under the radar of many prevention and detection solutions. 

A typical fileless attack might start with an emailed link to a malicious website. Social engineering tricks on that site can launch system tools, such as PowerShell, which retrieve and execute additional payloads directly in system memory. Detecting malicious use of built-in system tools, as opposed to their many legitimate automation and scripting uses, is a real challenge for traditional defenses. 

Fileless attacks aren’t new, exactly. The use of system tools as backdoors has been around for decades, but owing to the tactic’s considerable success rate – and the fact that leveraging existing system processes can shorten malware development cycles – they’re rapidly trending upwards. Also, fileless attacks aren’t limited to individual organizations: we see attackers increasingly targeting service providers, abusing their infrastructure and management tools to compromise their clients. 

3. Cloud and Remote Service Attacks 

Cyber-Threats in 2021

The COVID-19 pandemic forced companies to quickly adopt new cloud services, remote access tools and collaboration apps. However, many organizations lacked IT experts with the relevant training to properly configure these solutions – not to mention lacking the time to properly vet available tools or the budget to work with proven vendors rather than gravitating towards free alternatives of questionable quality. 

Server applications, containers and cloud storage aren’t always well-protected, and are seen by cyber-criminals as prime targets with a large attack surface. Compromising one service may expose scores of organizations downstream – a variant of supply chain attack, which sidesteps organizational security by infiltrating higher levels in the supply network and deploying payloads through the tools you rely on and trust. Misconfiguration only raises the risk, exposing more services to attackers. Such scenarios will inevitably lead to data breaches. 

4. Business Process Compromises 

Sometimes, cyber-criminals identify vulnerabilities not in applications, but in the process flow of business operations. We’re seeing an increase in business process compromises, in which threat actors take advantage of systemic operational weaknesses for financial gain. 

Attacks on business processes demand considerable knowledge of the victims’ systems and operations. They often begin with a compromised system on the target network, through which cyber-criminals can observe the organization’s processes and gradually identify weak links. 

These attacks are often quite discrete, and impacted organizations may not detect them in a timely fashion – especially if the compromised process continues to work ‘as expected’ despite producing different results. As an example, attackers could siphon funds by compromising an automatic invoicing tool and changing the bank account number that’s populated into each future invoice. 

5. Customized Payloads 

Five Cyber-Threats to Watch Out for in 2021

As we’ve seen in the contrast between phishing and spear-phishing, targeted attacks, while requiring extra effort on the threat actors’ part, are considerably more effective at compromising systems and data. This approach is starting to get much more sophisticated. 

Cyber-criminals can discover a lot about your network from company websites, social media and, of course, by compromising individual systems on the network. Pervasive, dual-use tools like PowerShell and WMI allow attackers to learn more about the tools and services your company relies on without setting off red flags. Armed with knowledge of these tools and the vulnerabilities present in each, they can construct payloads specifically designed to bring down not just a network, but your network. 

Approaches for 2021 

As cyber-criminals continue to evolve their technologies and attack strategies, organizations must adjust their approaches to cybersecurity and data protection. System-level anti-virus software isn’t enough to combat modern cyber-threats. Nor is file backup alone enough to safeguard against digital disruption by malicious actors. 

Businesses need to protect all their workloads, data and applications across multiple domains, and that requires integrated solutions that automate the system monitoring, vulnerability assessments and endpoint protection required to stop emerging threats. 

Let’s face it: 2020 has been a challenging year for cybersecurity and IT pros. Most have successfully navigated the massive changes, but unless they start preparing for the next wave of threats, 2021 may be just as rocky.

If you’d like to learn more about cyber-threats and how to protect your business in upcoming year, contact us here at Demakis Technologies.

10 Uncommon Cybersecurity Threats that Need be Avoided

10 Uncommon Cybersecurity Threats that Need be Avoided

Threats Blooming in the Cyberworld

The Cyber World or the Internet is a vast place where the sharing of data has its pros and cons. We all know the pros as our lives are now much easier, thanks to the Internet. However, not many of us are aware of the external cyber threats that go hand in hand with data Cybersecurity Threats.  

There are certain common Cybersecurity Threats that we can avoid in order to achieve a secure and safe atmosphere for the growth of our business or any sort of activities that require shared knowledge and the transmission of data.  

Cybersecurity Threats that Need be Avoided

Cloud Jacking 

Cloud Jacking is one of the most prominent types of attacks in recent times where certain code injection is being done to hamper and modify or take control of sensitive information stored in the cloud, and this is a very dangerous kind of data security threat. 

The threat to IoT Devices 

IoT or Internet of Things is a rapidly growing industry, and it will grow to $1.1 trillion by 2026. Since this is a new technology, it is vulnerable to cyberthreats and not much has been developed, in terms of cybersecurity, in this field. 

Deepfake 

Deepfake is the manipulation of an existing image or video through the help of machine learning and artificial intelligence. And this is a major threat in terms of hampering the image of someone influential running an organization which will unfortunately, become a very common cyber threat to businesses. 

Mobile Malware 

As more and more people are moving from laptops to mobiles and tablets, mobile Malwares are being developed to specifically target mobile phone operating systems. And in the near future, it will be one of the external cyber threats to the cybersecurity of Mobile Devices. 

5G-to-Wi-Fi Security Vulnerabilities 

With 5G rolling out across expansive public areas like airports, shopping centers, and hotels, the voice and data information of users on their cellular-enabled devices gets communicated via Wi-Fi access points. While mobile devices possess built-in intelligence to silently and automatically switch between cellular and Wi-Fi networks. Security researchers have already identified a number of vulnerabilities in this handover process. It is very likely that new, critical 5G-to-Wi-Fi security vulnerabilities will be exposed in 2020, and hence the importance of managing cybersecurity threats like upgrading security protocols in public Wi-Fi is needed. 

Insider Cybersecurity Threats

10 Cybersecurity Threats that Need be Avoided

Insider Cybersecurity Threats not only involve malicious attacks, but also the negligent use of systems and data by employees. 

To protect against these threats, organizations need to quickly and accurately detect, investigate, and respond to issues that could be indicators of insider attacks and this underlines the impact of people on cybersecurity. 

Application Programming Interface (API) Vulnerabilities and Breaches 

Application programming interface (API) security readiness typically lags behind web app security across the majority of organizations today. Additionally, more than two-thirds of the organizations readily make APIs available to the public to allow external developers and partners to tap into their app ecosystems and software platforms. 

As the dependence on APIs increases, API-based breaches will become more prominent in 2020. This will trigger adverse impacts on high-profile apps in financial processes, messaging, peer-to-peer and social media. As more organizations continue to adopt APIs for their applications, API security will be exposed as the weakest link, which could lead to cloud-native threats and put user data and privacy at risk. 

Email Initiated Infections 

Email Initiated Infections occur when a user clicks on an email attachment or a link in an email, either in error or thinking they’re clicking on a legitimate link/attachment. The most sophisticated attacks are nicely formatted emails, looking like they’re from a legitimate source. Links in legitimate-looking emails contain an attractive and enticing link that either collects personal data, downloads malware or deploys a small “dropper” file that calls back to the command server for more instructions. If there is a layer of protection that stops this dropper from interacting with the server, downloading the malware, or completing the infection, the chances of the infection spreading become much more limited. 

User-Initiated Website Visit 

When a user visits a website and inadvertently downloads malware it infects their endpoint system. This may also have implications for the network to which the device is connected to. Sometimes even “safe sites” can be the conduit of malware-laced links. However, a clear majority of the time, this type of cyberattack is caused by an unprotected endpoint device visiting a known unsafe site. This can happen even on known safe sites in a variety of situations such as website hijacking or URL poisoning. And this is one of the most common cyber threats to a business. 

DDoS

Cybersecurity Threats to be Avoided

Distributed denial of service (DDoS) attacks leverages the power of hundreds or even thousands of infected computers with the intent of crashing websites or entire networks. These groups of infected computers are known as a botnet or bot network. Typically, the target is businesses, but personal computers can be used en masse to execute a DDoS cyberattack without the innocent individual even knowing it. And this is one of the most common cyber threats to a business. 

Conclusion

It is clear that growing businesses must make on-going cybersecurity training a priority for all employees while establishing a multi-layered security strategy because everyone should have a personal goal pertaining to cybersecurity to avoid digital threats. Proactively keeping employees safe online and using the latest threat intelligence to stop threats before and after they have entered the company network is more important than ever and we must always move towards developing modern technologies on how to mitigate common cyberattacks. 

If you’d like to learn more about Cybersecurity threat mitigation for your business, contact us here at Demakis Technologies!

Top 3 Critical Threats To Cloud Cybersecurity

Top 3 Critical Threats To Cloud Cybersecurity

How It Impacts Your Business

What is “The Cloud”? 

The Cloud is an internet-based remote server used to store data safely away from local potential physical disasters.  Simply put, the Cloud is another computer, only that it has a massive amount of storage space available to save a company’s data.  It not only saves files but also software, applications, and pretty much anything else.  Because of the efficiency in the cloud, it is generally one of the best ways to store sensitive data.  But just because it’s remote, doesn’t mean cloud cybersecurity issues don’t exist.

Today I’m going to be discussing cloud cybersecurity and the best methods for data protection.  So, if you’ve wondered how companies protect their data, keep reading. 

The 3 Core Threats 

There are 3 core threats in using the Cloud. 

1. The first threat is Compromised Accounts.  A person who compromises an account is someone who can pretend to be one of the company’s employees by gaining access to their username and password. They can pretty much “be that person” and act on their behalf without the person knowing.

The tool we use here at Demakis Technologies to help prevent accounts from being compromised is called UEBA which stands for “Users and Entity Behavior Analytics”.  UEBA allows us to understand the behavioral patterns of users. We can detect peculiar behavior.  An example of this is if we were to notice a user with the same credentials accessing an account from three different countries all at the same time which would be indicative of a probable account compromise.  Another example is if a sales user was accessing his or her CRM application and we see a massive number of export downloads.  This would be a very likely indication of malicious behavior.  We would be able to detect scenarios like that with the use of UEBA.   

2. The second threat is Cloud Native Malware.  This is not a traditional antivirus kind of malware; this is a new type.  This type of malware, for example, would grant access to an application through Google credentials allowing it to have access to your Google information which could be malicious.  There could be malware apps that pretend to be a different application that when granted access, now suddenly get a trail directly back to your entire information.   

The technology we use to prevent this kind of attack is an Application Firewall.  It allows us to have the visibility to discover those applications that are “off-network” and in a cloud-to-cloud network base that are not the typical applications, but ones that are of great concern.

3. The third threat is Data Breaches which involve the intentional or unintentional release of confidential information to unauthorized persons.  Confidential information could be a combination of personally identifiable information (PII) with payment credit card information (PCI) and intellectual property.  The potential dissemination of this combination of data can be extremely risky and destructive to a company if breached. 

That’s why it’s so important for companies to ensure they have visibility into data breaches as well as potential oversharing in their organization; either internally, through people inside their organization or externally. 

How We Can Help You  

At Demakis Technologies  the tool/process we use to protect our clients’ confidential information from being overshared is Cloud DLP (data loss prevention).  This data protection method allows us to prevent potential hazards from becoming a problem.   

But you shouldn’t need to stress out about guarding your critical business data against these and other threats.  That’s the job of IT professionals.  We have the strategic knowledge, skills, experience, and technologies to deploy to better protect your company’s critical data in Cloud and the cloud cybersecurity.  We know how to secure your company data

Allow us here at Demakis Technologies to comprehensively manage and guard your sensitive information so you have the peace of mind to better invest your time into your company.