The Cyber Defense eMagazine January Edition for 2024

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Reshaping the Focus of Cybersecurity Key Insights from the International Counter Ransomware Initiative Statement By Todd Thorsen, Chief Information Security Officer, CrashPlan Earlier in November, media outlets widely reported the contents of a remarkable joint statement. The International Counter Ransomware Initiative (CRI), comprising 40 countries, declared that they would no longer pay ransom to bad actors. In the same policy statement, CRI also agreed to create a shared blacklist of wallets used by ransomware actors and help any of their members respond in the event of a ransomware attack. In addition to these strong stances against ransomware, the coalition also welcomed 13 new members this year. All this signals that ransomware is looming large as a global concern for several states — and that there is a genuine interest in developing strong, consistent international policy responses to a growing problem. The problem is real. From 2019 to 2022, the number of ransomware attempts worldwide went from 187 million to 493 million, according to Statista. Moreover, Corvus’ Q3 2023 Global Ransomware Report noted that global ransomware attack frequency went up 95% in the last year. Against this backdrop, CRI’s Cyber Defense eMagazine – January 2024 Edition 82 Copyright © 2024, Cyber Defense Magazine. All rights reserved worldwide.
statement, and the other actions it’s taken, are a step in the right direction. Somebody needs to do something. The silver bullet But an international pledge is unlikely to be the silver bullet CISOs are still looking for. Or, at least, not this particular international pledge as it currently stands. While symbolically powerful with some good initial steps in the agreement aimed at monitoring and sharing at the nation-state level, it does not include actionable guidelines for the organizations on the front lines. At the very least this serves as a barometer highlighting the level of global concern around ransomware, but it remains to be seen how effective this pledge will be at disrupting payments mechanisms for ransomware actors and whether these actions will reduce the number of ransomware attacks. The pledges’ challenges are common to anyone who follows international policy: these things move slowly with too many caveats and exceptions. The pledge of course only covers the National level, and even then, it allows for exceptions to the refusal to pay ransoms in the event of emergency situations. And when is ransomware ever not an emergency situation? The main utility of CRI’s statement is that it’s opened once again, on a global scale, a conversation around data security and resiliency. This is helpful because it invites us to consider our current practices and fundamental assumptions around how we protect our data. We desperately need this conversation, because in my view we’re thinking about it all wrong. Prevention itself isn’t enough Most organizations tend to think about ransomware attacks in terms of prevention — how to stop them from happening in the first place. Huge swathes of cybersecurity budgets are spent trying to build digital walls high enough that no bad actor can ever get across. This isn’t a bad practice — preventive measures are important — but they are not infallible. What happens when ransomware is successful? Response time is important, but no matter how fast you respond to a successful ransomware attack or breach, you still must work to undo the damage caused and this is why having resiliency and recovery capabilities comes into play. It’s time for more conversation on this point. Not because the answer is particularly elusive, or profound, but rather because it’s right under our nose, and insufficiently discussed: Backup and recovery strategy. It’s frustrating that this is often seen as a nice-to-have when, in fact, it is really a fundamental aspect of your defense-in-depth strategy. More than anything else, including legislation, international agreements, policy positions, a sound backup and recovery strategy has the greatest potential to greatly reduce the impact of ransomware and bad actors. The power is within backup and recovery Ransomware is a problem, but there is a solution. Did you know that just over 50% of businesses have a backup and recovery plan? Having a sound backup and recovery strategy with purpose built backup Cyber Defense eMagazine – January 2024 Edition 83 Copyright © 2024, Cyber Defense Magazine. All rights reserved worldwide.
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3 New Risks That CISOs Will Face in
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Top 6 Security Challenges of SMEs -
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Reducing Burnout and Increasing SOC
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@CYBERDEFENSEMAG CYBER DEFENSE eMAG
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Cyber Defense eMagazine - January 2
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1. AI development and use will dema
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How Small and Mid-Sized Businesses
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Achieving SOC 2 Type 2 attestation
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lights can be turned on at the flip
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About the Author Victor Atkins is a
Page 31 and 32: The Distinct OT Cybersecurity Envir
Page 33 and 34: About the Author Dave Purdy is the
Page 35 and 36: Two critical enablers for autonomou
Page 37 and 38: In conclusion, while the parallels
Page 39 and 40: Advanced AI-Powered Attack Methods
Page 41 and 42: Why Cybersecurity Maturity Model Ce
Page 43 and 44: What CMMC Accomplishes It’s essen
Page 45 and 46: AI: The Human Touch in Cybersecurit
Page 47 and 48: with human intuition creates a powe
Page 49 and 50: How does shifting from a reactive a
Page 51 and 52: About the Author Paul Brucianni, Cy
Page 53 and 54: AI and cybersecurity Cybercriminals
Page 55 and 56: Conclusion In conclusion, combining
Page 57 and 58: 2. Selective Attention: Concentrati
Page 59 and 60: NIS 2: From Obligation to Opportuni
Page 61 and 62: Once the risks and challenges are i
Page 63 and 64: Top 6 Security Challenges of SMEs B
Page 65 and 66: Proactive Remediation is the Way Fo
Page 67 and 68: Is 2024 the Year of Cloud Repatriat
Page 69 and 70: Resource optimization: Workloads th
Page 71 and 72: What to expect in the metaverse The
Page 73 and 74: SolarWinds Lawsuit Reinforces the N
Page 75 and 76: Inviting Others to the Table By inc
Page 77 and 78: e used for an information protectio
Page 79 and 80: work and not only the good guys can
Page 81: terrorism. The criminal groups most
Page 85 and 86: MGM & Caesars Cyberattacks: Lessons
Page 87 and 88: Companies must also adopt a zero-tr
Page 89 and 90: Another reason why threats keep gro
Page 91 and 92: Cyber Insurance: A Smart Investment
Page 93 and 94: data protection. However, the two a
Page 95 and 96: Cyber Resilience - Beyond Cyber Sec
Page 97 and 98: • Leveraging External Expertise:
Page 99 and 100: Cybersecurity Preparedness 2024 By
Page 101 and 102: approach and a focus on providing e
Page 103 and 104: enabled hacker groups to increase t
Page 105 and 106: Enhancing PCI DSS Compliance: The U
Page 107 and 108: Understanding how adversaries opera
Page 109 and 110: cryptocurrency favorably, and there
Page 111 and 112: About the Author James Hunt holds o
Page 113 and 114: streamlined architecture with fewer
Page 115 and 116: From the SIEM to the Lake: Bridging
Page 117 and 118: About the Author Omer Singer is the
Page 119 and 120: The Hardest Part: Marketing and Sal
Page 121 and 122: call upon. I find this fascinating
Page 123 and 124: Getting AI Right for Security: 5 Pr
Page 125 and 126: Against this backdrop, it’s criti
Page 127 and 128: opposition, and even complete inter
Page 129 and 130: As we have seen in Russia, VPNs off
Page 131 and 132: Understanding Hyperautomation Hyper
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Learning (ML), Robotic Process Auto
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Identity Providers Are Still the Bu
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About the Author Jason Martin and I
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in terms of reputational, operation
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New Year, New Consumer Demands in C
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2. Transparent communication: Highl
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Key Trends in Cybersecurity Evolvin
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Better and Faster Sandboxes Traditi
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Over an 18-month period, Conti accu
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• During wartime, reduce the atta
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SOC roles aren’t for the faint of
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Safeguarding Children in the Era of
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strategy. Parents should seize the
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Securing Space Infrastructure for U
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For new satellite constellations, p
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Understand Cyber Insurance: Rising
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costs for such an incident. This is
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What You Need to Know About the Cyb
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deployment and time to value. Typic
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Why Companies Are Still Investing i
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technologies (PPT) could be an AI a
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• Abundance of sensitive informat
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5. Upgrade to Newer, More Secure Sy
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they came under armed attack. Howev
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incursions have probably never been
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Keywords - Wireless peripheral devi
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nearby. The best way to prevent suc
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devices are found vulnerable, they
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CyberDefense.TV now has 200 hotseat
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Books by our Publisher: https://www
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