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Five Strategies to Protect Against Ransomware and Other Cyberattacks

As organizations continue to adapt to remote or hybrid work models, it has never been more vital to have a robust cybersecurity program to better protect against ransomware attacks and other cyberattacks against company systems and personnel. Ransomware attacks have proven a particular risk in recent years, with attacks like the Colonial Pipeline and myriad attacks on health care organizations demonstrating the serious impact of cyberattacks beyond financial risks, affecting everyday life and business operations.

Ransomware and other cyberattacks are always evolving. Attackers are constantly finding new ways to infiltrate environments while trying to stay undetected. Cyberattacks can target many different points in an organization’s ecosystem, including firewall configuration, patch management, network segmentation and defensive technology. The following five strategies can help companies mitigate cyberrisk and respond to threats quickly and efficiently:

1. Strengthen Asset Inventory
You cannot protect what you do not know exists or cannot see. Having an efficient asset management program can significantly increase visibility and rapidly provide detailed information about systems in the event of a cyberattack. Organizations should document system or device types, operating systems and software used. To be more granular and aggressive, consider documenting what ports and service systems use for business functions and use that as a baseline for future firewall rules and network exceptions.

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Having a strong program is key for every organization, but is even more important in remote work environments.

2. Conduct Security Awareness Training
A comprehensive and effective security awareness program for employees benefits the organization at large. An efficient security awareness program extends visibility and cyber threat detection beyond defensive technologies applied in the environment by empowering people to be a critical line of defense. A robust security awareness training program allows employees to assist with the detection of network anomalies, suspicious emails and other potential threats.

3. Assess Antivirus and Endpoint Detection and Response Programs
Traditionally, antivirus programs have helped detect malicious activity. However, the problem with the traditional antivirus approach in modern day cybersecurity is that attackers regularly update their code to obfuscate and bypass signature-based antivirus products. By employing an endpoint detection and response (EDR) product, organizations create an efficient response to detecting malicious programs and activities based on network anomalies rather than signatures alone. If purchasing and implementing an EDR solution is not viable, consider additional layers of defense around the antivirus software. Ultimately, the goal is to increase visibility and the ability to alert upon suspicious activity.

4. Monitor and Detect New Processes
In addition to having inventory on assets, an organization should document legitimate system processes and software. Upon gaining access to an environment, ransomware downloads and executes its installer to infect the victim. Ensuring visibility into your environment can help IT and information security teams to detect programs or processes with behaviors that deviate from the norm. In turn, this allows operations and incident response teams to respond quickly in the event of those anomalies.
One example is Microsoft Windows’ AppLocker, which generates messages and alerts about anomalies such as when an attacker attempts to install an executable outside of the known baselined created. By creating baseline rules, AppLocker will create an 8003 warning message that can be collected and parsed using a security incident and event management (SIEM) product or log aggregator and monitored by the IT or information security team.

5. Network Anomaly Detection
Ransomware moves laterally across the network while infecting systems. This can be done quickly while raising flags or network anomalies such as authenticating to several systems within minutes. It is uncommon for systems or domain administrators to connect to multiple systems rapidly and on a large scale on internal networks. To differentiate between legitimate and potentially malicious activity, network administrators must first document legitimate network connections and known behaviors. This supports anomaly detection by establishing outbound and inbound connectivity from the organization’s servers.

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Once the legitimate network connection is documented and a baseline is created, you can leverage defensive technologies and monitoring programs to alert when deviations occur. Then, create alerts in firewalls and SIEM solutions to quickly detect and respond to network anomalies.

As cybercriminals become more advanced, cybersecurity programs must also evolve to identify and prevent malicious behavior. By implementing the best practices and strategies mentioned above, organizations can dramatically reduce their exposure to ransomware and other cyberattacks.

RIMS and ISACA Release Joint Report “Bridging the Digital Risk Gap”

All too often, IT and risk management professionals seem to be speaking a different language—that is, if they even speak at all. Bridging the Digital Risk Gap, the new report jointly authored by the RIMS, the risk management society®, and ISACA®, promotes understanding, collaboration and communication between these professionals to get the most out of their organizations’ technological investments.

Digital enterprise strategy and execution are emerging as essential horizontal competencies to support business objectives. No longer the sole purview of technical experts, cybersecurity risks and opportunities are now a core component of a business risk portfolio.

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Strong collaboration between IT and risk management professionals facilitates strategic alignment of resources and promotes the creation of value across an enterprise.

ISACA’s Risk IT Framework acknowledges and integrates the interaction between the two professional groups by embedding IT practices within enterprise risk management, enabling an organization to secure optimal risk-adjusted return. In viewing digital risk through an enterprise lens, organizations can better realize a broader operational impact and spur improvements in decision-making, collabora­tion and accountability. In order to achieve optimal value, however, risk management should be a part of technology implementation from a project’s outset and throughout its life cycle. By understanding the technology life cycle, IT and risk management professionals can identify the best opportuni­ties for collaboration among themselves and with other important functional roles.

IT and risk management professionals both employ various tools and strategies to help manage risk. Although the methodologies used by the two groups differ, they are generally designed to achieve similar results. Generally, practitioners from both professions start with a baseline of business objectives and the establishment of context to enable the application of risk-based decision making. By integrating frameworks (such as the NIST Cybersecurity framework and the ANSI RA.1 risk assessment standard), roles and assessment methods, IT and risk management professionals can better coordinate their efforts to address threats and create value.

For example, better coordination of risk assessments allows orga­nizations to improve performance by iden­tifying a broader range of risks and potential mitigations, and ensures that operations are proceeding within acceptable risk tolerances.

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It also provides a clearer, more informed picture of an enterprise’s risks, which can help an organization’s board as they make IT funding decisions, along with other business investments. Leveraging the respective assessment techniques also leads to more informed underwriting—and thus improves pricing of insurance programs, terms of coverage, products and services.

Overall, developing clear, common language and mutual understanding can serve as a strong bridge to unite the cultures, bring these two areas together and create significant value along the way.

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The report is currently available to RIMS and ISACA members through their respective websites. The report can be downloaded through the RIMS Risk Knowledge library by clicking here or from ISACA at www.isaca.org/digital-risk-gap. For more information about RIMS and to learn about other RIMS publications, educational opportunities, conferences and resources, visit www.RIMS.org. To learn more about ISACA and its resources, visit www.isaca.org.

Uptick Charted in Telemedicine Cyberrisk

Advances in telemedicine have benefited patients, but, as with any emerging technology, they also create exposure to cybersecurity risk.

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In addition to patients’ data, monitoring and diagnostic devices that can provide treatment from a distance can be compromised due to a variety of causes—from hackers to employee error.

Because of a drastic increase in internal threats, cyber events have become a prevalent threat—with alarming consequences for employers and patients. While malicious actors are perceived as a major threat, 43% of healthcare cyber events are the result of internal threats, according to The Identity Theft Resource Center’s 2017 Annual Data Breach Year-End Review.

The study found that hacking continues to rank highest in the type of attack, at 59.

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4 % of breaches—an increase of 3.2% over 2016 figures. Overall, the Review indicates a drastic upturn, with a 44.7% increase over the record high figures reported for 2016.

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Here’s more information on cyber breaches and other potentially damaging threats:

8 Steps to Stronger Passwords Enterprise-Wide

Passwords remain one of the most critical security controls widely used to protect and secure company infrastructure and data.

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While the need for strong passwords has long been discussed, they continue to be the difference between a secure infrastructure and a potential cyber catastrophe.

Last year was extremely busy in cybercrime, with more than 3 billion credentials and passwords stolen and disclosed on the internet. That works out to a rate of 8.2 million credentials and passwords each day or 95 passwords every second.

Passwords have always been a good security control, but password strength and how they are processed make a major difference in how secure they really are. For example, it is critical to choose an easy password to remember, keep it long, and use some complexity and uniqueness. In addition, how the password is processed and stored in an encrypted format plays a major role in password security.

Here are eight easy steps to get in control and ensure passwords are strong and secure:

  1. Go with encryption: Passwords cannot be left in plain text ever and especially not in an Excel document. Always store passwords with encryption.
  2. Escape complexity: Focus on teaching your end users to use longer and more easily remembered passwords, like password phrases.
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    Don’t let them get bogged down with having to remember special character requirements.

  3. Teach employees: Continued training is critical and is the most important step in implementing your policy.
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    Make sure your users understand their role, prepare quarterly reviews, and make it fun with incentives.

  4. Size matters: The longer the password, the harder for a hacker to break. Make human passwords at least eight characters long and systems passwords 12-50 characters.
  5. Trust no one: Two-factor authentication is a must! No matter the size of your organization, there are two-factor options for you, like RADIUS tokens, DUO, or Google Authenticator.
  6. Omit duplicates: Use a unique password for each of your accounts. The same password should never be used more than once!
  7. No cheating: Remembering a long password can be difficult, but don’t allow password hints. These just make it easier for hackers to get in.
  8. Get a vault: Start using a trusted password manager to enforce strong password best practices. This way, users can always generate long and complex passwords, never have to remember all their passwords and, if you use a vault for your IT team, you can find one that automatically changes your admin passwords. When it comes to IT, automation is key to preventing a breach.

For more information on what’s expected in relation to security and passwords, check out Thycotic’s recent report on the current and future state of password security.