You may have seen it in the news, but another major company has been a victim of a nasty ransomware attack that disrupted services and customers for over ten days. This time, the victim was MGM Resorts in Las Vegas.
What separates this major incident from others is that the hackers pulled the malicious attack off using one of the oldest tricks in the book: social engineering. So, what happened, and what can we learn from this?
Topics: Data Breaches, Data Protection & Privacy, Penetration Testing, Incident Response, Monitoring & Detection, Advisory & CAP, Ransomware
With so much of the world's business taking place online, cybersecurity threats have become increasingly prevalent. Cyberattacks cost companies millions of dollars a year, and not every business can recover from an incident like a data breach or ransomware hoax. A cybersecurity risk assessment evaluates how potential weaknesses could impact your organization.
Topics: Monitoring & Detection, Advisory & CAP
If you were going to test the fault-points of a building, you wouldn’t hire the architect, you’d hire a demolitions expert. Similarly, you don’t want the designer of your network testing its security. If the team that configures your network does so incorrectly, they are most likely unaware. The creator of the environment has an inherent bias based on the angle from which they view it. They are blind to vulnerabilities, not necessarily because they are under-qualified, but because they are too close to the project. A security team has a “black box perspective”, which means they have the same outside view of the system that an attacker would. This outsider point of view is just one of the advantages a security expert has over an internal IT team. They also have the training, experience, time, and resources that would be impossible to lump in with a standard IT program.
Topics: Data Protection & Privacy, Incident Response, Monitoring & Detection, Advisory & CAP
MXDR (Managed Extended Detection and Response) is a professionally managed combination of tools that use powerful AI to correlate readings from different security monitoring tools. The process for implementing MDXR depends on the tools you already have in place. Switching to a new tool can be tricky if you’re mid-contract with another vendor. It’s a good idea to talk to a defensive cybersecurity expert to get set up with the right stack of tools for your organization!
Topics: Monitoring & Detection
As online and at-home banking options become more accessible, more online activity increases the risk of theft. Since 2021, IBM reported that the average cost of a breach rose from $4.24 million to $4.35 million.
Topics: Incident Response, Company News, Monitoring & Detection, Advisory & CAP, Financial Services & Insurance