Outsourcing, digitization, and globalization are three of the largest trends in the last 30 years. They've brought new products and services, increased specialization, lower costs, and improved access. But they've also introduced significant cyber risk. Particularly the risk of data breaches and data leaks. For perspective, a recent study by the Ponemon Institute put the average cost of a data breach at $3.92 million. The unfortunate truth is third-parties cause a lot of data breaches.
Outsourcing, digitization, and globalization have brought us new products and services, allowed for increased specialization, lowered costs, and improved access but they've also introduced significant cyber risk. Particularly the risk of data breaches and data leaks. And with the average cost of a data breach reaching close to $4 million dollars according to a recent study by the Ponemon Institute, it pays to prevent them. The unfortunate truth is third-parties cause a lot of data breaches.
The amount of cyber risk the average organization is taking on has never been higher, a big part of it in the form of third-party and fourth-party risk. A household name reporting a data breach or data leak feels like a daily occurrence. And with the average cost of a data breach reaching close to $4 million dollars according to a recent study by the Ponemon Institute, organizations are looking for new ways to prevent them. The unfortunate truth is third-parties cause a lot of data breaches.
Organizations are taking on more cyber risk than ever before and a large part comes in the form of third-party and fourth-party risk. The news is inundated with data breaches and data leaks and the average cost of a data breach has reached nearly $4 million globally. It's safe to say that the financial cost alone is enough proof to start investing in tools to prevent data breaches. The unfortunate truth is third-parties cause data breaches.
When I first started researching ATT&CK last year, Persistence was the tactic which made me fall in love. Even though I have been in the industry for some time, I learned more from digging into the various techniques here than any other tactic. While I knew about fun tricks like replacing sethc.exe with cmd.exe and hitting the shift key a bunch of times from a lock screen, there were many other techniques that were brand new to me.
Modern hybrid-IT environments are monitored by numerous multi-vendor and multi-domain monitoring tools that generate humongous amounts of alerts and events, most of which are not readily actionable. The Industry term for this is “Alert Noise”. Noisy alerts increase the risk of real alerts going undetected causing service outages. These alerts also carry siloed information missing the application or service context.
Over the past 12 months, INETCO’s flagship product, INETCO Insight 7, has gained recognition as the go-to solution for acquiring a level of detail within payment transaction data sets that is unprecedented, and extremely useful. Recently, INETCO caught the attention of Bank Director, an information resource to the financial community with a focus on the strategic issues most fundamental to a bank’s CEO, senior leadership team, chairman and independent directors.
This blog post is part twenty-four of the "Hunting with Splunk: The Basics" series. I've been dealing with viruses for years, but this is the first time I've written a blog post where we are dealing with actual viruses. Ever since the 2004 tsunami, I have witnessed cyber-baddies using current events to trick users into opening documents or clicking on links. The COVID-19 breakout is no different.
