Some things, like choosing tools, are perennial problems. Others, like complete security team turnover, seem to be a more recent development within my circles. But either way, staff turnover has ripple effects that are not always immediately apparent. Let’s take a look.
On December 5th, the Cybersecurity and Infrastructure Security Agency (CISA) released an advisory that confirmed the exploitation of CVE-2023-26360 at a Federal Civilian Executive Branch (FCEB) agency by unknown threat actors. Exploiting this vulnerability allowed threat actors to gain access to the FCEB agency network on two separate occasions in June 2023.
During a cyber attack, malicious actors often breach an organization’s perimeter security with tactics like vulnerability exploitation and phishing. Once inside, they attempt to navigate the organization’s network to escalate their privileges and steal or encrypt data—but here they often face sophisticated endpoint detection and response (EDR) systems designed to identify and prevent this type of activity.
In the ever-evolving landscape of cybersecurity, the battle against ransomware has taken a concerning turn. According to the latest findings from Secureworks annual State of the Threat Report, the deployment of ransomware is now occurring within just one day of initial access in more than half of all engagements.
The ransomware attack on ICBC Financial Services caused disruption of trading of U.S. Treasuries and marked a new level of breach that could have massive repercussions. When we saw the attack on the Colonial Pipeline back in 2021, the impact was felt throughout the Southeast United States. Any attack on key businesses that keeps an economy running will have some form of impact should the attack be successful.