Estimated reading time: 4 minutes
ransomware gangs have been targeting businesses in recent times, demanding larger payments than they can extort from consumers. The plan was very successful. According to the new data, 70% of the attacked companies paid the ransom to get their data back. Avoiding ransomware is a necessity, these figures implicitly prove it. If such a large number of companies pay, it is because the risk is too great in terms of reputation and collateral economic losses.
Researchers from IBM Security’s X-Force interviewed executives of 600 companies of all sizes and found that organizations affected by ransomware choose to pay in most cases.
Data shows that 20% of compromised organizations paid ransoms of more than $ 40,000 and 25% paid between $ 20,000 and $ 40,000. These numbers are much higher than that. that consumers typically pay, which is usually around $ 500-1,000, depending on the variant of the ransomware.
When targeting businesses, hacking groups aim to paralyze organizations by encrypting financial data , customer databases, sales data and other vital information .
Avoid ransomware – the risks of attacks
In the past year, a number of organizations have been hit by severe ransomware attacks, including hospitals, universities and others. For example, the San Francisco Municipal Transportation Authority was hit by a ransomware attack during the weekend of Thanksgiving, a very important holiday in the US. The attack paralyzed desktops within the agency and forcing officials to shut down the automatic ticket machines. Needless to say, this attack resulted in a huge loss of assets and a ransom demand.
Getting malware into public organizations isn’t as difficult as you might think, and is often done with a single email .
In their attacks on networks, cybercriminals seek out the servers that keep the business running and encrypt critical assets rather than working on enterprise-wide endpoints.
The access point is usually a phishing email with a malicious attachment, sent to the mailbox of a employee . In most cases, the attachment is a Microsoft Office document asking the victim to enable macros . Clicking the macro enable button is often a trivial matter for those uninformed users who just want to get rid of the warning at the top of the document . The malware runs as soon as the user allows the macros to run. The ransomware can also arrive through any other attachment or through exploit kits which facilitate infection without any special action on your part.
Economic losses
The amount of money businesses have paid to get their data back shouldn’t come as a surprise considering the alternative. As is increasingly the case, the attack doesn’t just put key the data until payment of the requested amount. The threat continues with the release of data if you do not agree to pay a second ransom. In the end two ransoms will be paid and in any case there is no certainty that the data will not be disclosed. (It is said double extortion attack).
Many organizations keep these attacks under wraps to avoid public humiliation and loss of customer confidence . Data from the IBM survey shows that 29% of executives in large corporations would pay more than $ 50,000 to retrieve financial data.
Law enforcement, including the FBI, and security experts advise ransomware victims not to pay, for a variety of reasons. First, there is no guarantee for the attacker to deliver the decryption key. Second, the ransomware’s profits help fund other cybercrime operations.
How to defend yourself to avoid ransomware
Phishing remains one of the key methods by which a ransomware attack is attempted. With the recent increase in remote working, it is imperative to reiterate the importance of being careful when opening emails and attachments . If employees are suspicious of something, they should report it.
Organizations should also make sure they have a good patching strategy and apply the latest security updates . This prevents cybercriminals from taking advantage of known vulnerabilities to distribute malware.
Regularly updating backups should be a priority , because if the worst happens and your organization falls victim to a ransomware attack, your network can be restored without paying the ransom.
SOD provides solutions for the situations listed through the SOCaaS service. You can ensure the protection of a Security Operation Center without having to invest in its initial funding .
The system controls the actions of the computers connected to the network using an artificial intelligence. As soon as a suspicious, even legitimate, action is detected, the technicians are alerted who can investigate the nature of the fact . The new generation SIEM systems and behavioral analysis via UEBA , work together to offer 360 ° security.
SOD also provides intelligent anti-ransomware backup systems via Acronis Cyber Protect Cloud . With this tool at your side, business and customer data are safe. Any attack attempt is identified and mitigated immediately, meanwhile, thanks to dynamic backups, the data is immediately restored .
Avoiding ransomware can be relatively easy – just pay attention to every operation you perform on your computers. Unfortunately, sometimes this is not enough. This is the time when having invested in a quality safety system will make a difference.
For questions or requests do not hesitate to contact us, we will be happy to answer your questions and propose a solution tailored to your needs.
SIEM has existed for quite some time, but it is not yet well understood. Also, the fact that technology has evolved significantly in recent years doesn’t help shed some light. Today we see where we are, trying to understand the Next Generation SIEM and the managed systems offered as services that make use of the latest generation SIEM (SOCaaS, for example). Let’s see what all this means for companies.
Being a fundamental part of the SOCaaS offered by SOD, it seems appropriate to explain in detail what a Next Generation SIEM is and what its functions are.
A brief history of SIEM
Before examining what a Next Generation SIEM is, it is right to briefly review the history of this technology and its beginning.
The term Security Information and Event Management (SIEM) was coined in 2005 by Mark Nicolett and Amrit T. Williams of Gartner. The word is the merger of Security Event Management (SEM) and Security Information Management (SIM).
Its original definition given by the creators of the term is: a technology that supports the detection of threats and the response to security incidents, through the collection in real time and historical analysis of events from a wide variety of sources of contextual data.
SIEM was born out of the need to address the huge number of alarms issued by intrusion prevention systems (IPS) and intrusion detection systems (IDS) that were overwhelming IT departments. By helping organizations aggregate events and better analyze those within the network, SIEM has helped organizations improve threat detection. It has also led organizations to take a more proactive approach to security. Preventive security technologies are no longer sufficient on their own.
The difficulties of SIEMs in the early years
Eager to improve their cybersecurity situation, many enterprise-wide organizations have rapidly adopted SIEM technology. Over the years, however, inherited problems have emerged from the past:
1. The datasets were inflexible, so some SIEMs were unable to process the required data, which meant their effectiveness was limited
2. They were difficult to maintain and manage, which added complexity and drained staff resources
3. SIEMs produced a high number of false positives, creating even more work for the security teams
4. With the advancement of technology, SIEMs have struggled to keep up with the evolution of threats and therefore the IT risk for companies has grown
The Next Generation SIEM arrives
Many advanced threats are now polymorphic rather than static. That is, they are able to constantly modify their behavior to evade detection. As such, Next Generation SIEM systems must not only process more data, but also become much more capable of recognizing new patterns within them.
Given the difficulties and limitations of inherited SIEM systems, many thought they would disappear over time. But this did not happen, SIEM still remains a key technology used by companies. However, technology has had to evolve.
While SIEM once relied on only a handful of data sources, the “Next Generation” of SIEM systems was developed to process a greater volume and variety of data, as well as correlating it in a timely fashion.
Gartner reported that the SIEM market is continuously growing. One reason for this growth is that Next Gen SIEM systems are now used by midsize organizations, not just large enterprises.
What are the capabilities of Next Gen SIEM?
Next Gen SIEMs, sometimes referred to as analytical SIEMs or SIEM 3.0, have brought new capabilities to organizations and their security teams.
– Allow faster integration into a corporate infrastructure through an open architecture to cover cloud, on-premise and BYOD resources
– Include real-time visualization tools to understand the most important and high-risk activities
– Use scenario and behavior analysis to “photograph” well understood scenarios and highlight significant changes in behavior
– Integrate and use Threat Intelligence information from customized, open source and commercial sources
– Provide a flexible framework that allows for the implementation of a tailored workflow for key organizational use cases
– Measure status against regulatory frameworks (e.g. PCI DSS) for prioritization and risk management
Security Orchestration, Automation and Response
Security Orchestration, Automation and Response (SOAR) is a growing security area that Next Gen SIEM vendors are exploiting to contribute and take advantage of the latest features. In its essence, SOAR has two fundamental aspects:
1. It allows to bring more data to a Next Gen SIEM for analysis
SOAR is helping SIEM technology to become smarter and big data oriented, thus enabling security teams to make faster and better informed decisions. Broader intelligence means more reliable threat identification and fewer false positives.
2. Help automate incident response
Another important way SOAR is influencing the evolution of SIEM Next Gen is to help standardize incident analysis and response procedures. The goal is to partially or completely automate response activities in order to reduce the potential harm and inconvenience that breaches can cause. Such response activities could include blocking compromised user accounts and blocking IP addresses on a firewall.
By automating routine actions, SOAR helps security teams become more efficient and frees them up time to focus on threat hunting and patch management.
User Behavior Analysis (UEBA)
Another important feature of Next Generation SIEMs is the use of User and Entity Behavior Analytics (UEBA). UEBA does not track security events or monitor devices, but instead focuses on monitoring and analyzing the behavior of an organization’s users.
UEBA can be extremely useful in helping organizations identify compromised accounts, as well as insider threats. It works using advanced machine learning and behavioral profiling techniques to identify anomalous activity such as account compromise and abuse of privileges. By not using rules-based monitoring, the UEBA is more effective in detecting anomalies over time.
The challenges for a modern SIEM
Despite unquestionable advances in detecting complex cyber threats, SIEM Next Gens can still, if not used and maintained properly, generate a large number of alerts. For organizations without IT resources and dedicated security personnel, researching these alerts to distinguish true network security problems from false positives can be extremely complex and time-consuming.
Even when real threats are identified, knowing how to respond to them can be just as challenging.
Getting the most out of SIEM to help address growing security challenges will also depend on better trained personnel who can use the systems more effectively and validate alarms. For organizations that lack in-house knowledge or skills, it therefore makes sense to work with an external vendor who can cover or augment security capabilities.
A full SOCaaS service, including Next Generation SIEM and UEBA for threat hunting, is the ideal choice. Not only does it save time in terms of validating and checking alarms, but also in economic terms, not having to face installation costs and staff training.
If you are interested in learning more, do not hesitate to contact us, we will answer your questions.
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Useful links:
Security: Pentest and verification of vulnerabilities
What is a Network Lateral Movement and how to defend yourself
Is SOCaaS useful for your business?
Computer network security: PT vs. VA
SIEM in computer science: history
SIEM software: what it is and how it works
A SIEM solution in IT is one of the essential components of a SOC (Security Operation Center). Its task is to collect information and analyze it in search of anomalies and possible breaches in the system. But the defense process hasn’t always been that simple. What we now call SIEM, Security Information and Event Management, is the union of two different types of cyber security tools.
SIM and SEM: the origins
Before the arrival of a complete SIEM solution in computing, security was heavily focused on perimeter security and did not keep the internal network adequately controlled. The first solutions developed in the 90s were basic and basically dealt with security information management (SIM) or security event management (SEM). They were solutions available as tools that had to be deployed on-site in the data center to be protected. This limited scalability, because adding capacity required the purchase of additional equipment.
These early solutions were also built on proprietary databases that forced customers to use technology from a single vendor. If you wanted to move your data to another system, the process was long and complicated. It should also be noted that archiving was more expensive, so only the most valuable data was collected. Furthermore, although the SIM and SEM solutions contained all the data necessary for the defense, the search and alarm were rudimentary. Additionally, they depended on experienced security analysts to research, understand and interpret what they found in the data.
SIEM origins in computer science
As data became more sensitive and technology more powerful, SIEM systems (SIM + SEM) became capable of ingesting, processing and storing a great deal of data. Next-generation SIEM IT solutions are able to use signature-based alerts to identify threats in collected data. However, only those alerts that have identified indicators of compromise (IOC) of a certain threat can be identified in this way.
To be clear, if the type of attack to which a system is subjected has not been cataloged in a series of IOCs, a first generation SIEM is not able to detect it. The main drawback of those systems was the very limited ability to detect unknown cyber threats.
To give a practical example: it was possible to use a rule like this: “give a warning if a user enters 10 consecutive wrong passwords“. In theory this could be used to detect brute force password attacks. But what if the attacker only tried 9 passwords in a row? Or what if the alarm was given for a very forgetful user?
Next Gen SIEM (NGS)
A next generation SIEM is built on a large data platform that provides unlimited scalability and is hosted in the cloud. A next gen SIEM includes log management, advanced threat detection based on behavior analysis and automatic incident response, all on a single platform.
This eliminates the problems that old on-premises systems were prone to. Not having to install anything and being able to send the necessary data to the cloud quite simply, the computing power of the local machine is not compromised and the SIEM can manage all the data safely.
How a SIEM proceeds in cyber threat analysis
1. Data Collection: An IT SIEM solution collects data from across the organization using agents installed on various devices, including endpoints, servers, network equipment and other security solutions. Next generation SIEM includes support for cloud applications and infrastructure, business applications, identity data and non-technical data feeds.
2. Data enrichment: Enrichment adds further context to events. SIEM will enrich data with identity, resources, geolocation and threat information.
3. Data storage: The data will then be stored in a database so that it can be searched for during investigations. The next generation SIEM exploits open source architectures and big data architectures, exploiting their scalability.
4. Correlation and Analysis: SIEM solutions use several techniques to draw actionable conclusions from SIEM data. These techniques vary greatly.
5. Report: A SIEM, particularly a next generation SIEM, gives you the ability to quickly search for data, allowing you to dig through alerts and search for threat actors and indicators of compromise. The displayed data can be saved or exported. It is also possible to use out-of-the-box reports or create ad hoc reports as needed.
What a SIEM is used for
Threat hunting and investigation
The ability to perform threat hunting on a SIEM is critical to understanding the true patterns of attacks based on access, activity and data breaches. By developing a detailed and contextual view of attacks, security analysts can more easily develop policies, countermeasures and incident response processes to help mitigate and remove the threat.
Response in case of an accident
An effective response to incidents is essential to intervene more quickly and reduce the residence time of the threat. For this, a SIEM provides an incident response playbook with configurable automated actions. A SIEM is able to integrate with third party solutions for security orchestration (SOAR) or individual case management.
Defense against insider threats
The reason why insider threats are such a big problem is because it’s not about entering the perimeter, but about exploiting insider positions. They can be your employees, contractors or business associates. It may be they themselves wanting to exploit their location, or their account may have been hacked.
With all kinds of internal threats, the attacker tries to stay hidden, gathering sensitive data to exploit. This could cause significant damage to the company, its position in the industry and its relationship with consumers or investors. By using a SIEM, you avoid this risk.
Cyber threat detection
Your organization is likely to have at least one sensitive data repository. Cybercriminals thrive on looting this data for financial gain. Many breaches begin with a simple phishing email against an organization’s target. Simply clicking on an attachment can leave malicious code behind. A SIEM will allow you to monitor advanced cyberthreat patterns such as phishing, beaconing and lateral movement.
Compliance standards
For many industries, adherence to compliance standards is critical. A SIEM can help by providing reports focused on data compliance requests. Integrated packages covering all major mandates, including PCI DSS, SOX, and ISO 27001, are a standard feature of SIEMs as well.
Next Generation SIEM
A next generation SIEM is not just a cloud hosted system. It also makes use of the implementation of AI and Machine Learning to increase the defense of the IT system.
We will see it in a future article, but it is right to specify that the SOCaaS offered by SOD makes use of the latest generation technology offered by Next Gen. SIEM systems. Contact us to find out more about it and talk to experts who can dispel all your doubts.
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Useful links:
Security: Pentest and verification of vulnerabilities
What is a Network Lateral Movement and how to defend yourself
Is SOCaaS useful for your business?
Computer network security: PT vs. VA
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