Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

As Morgan Stanley Bank now knows, ignoring certified data destruction policies can be disastrous. The bank made news in 2020 when it was fined over $60 million for not using proper oversight when decommissioning two of its data centers. Regulators found that the organization had not addressed the risks associated with decommissioning hardware effectively.

The era we live in requires the digitalization of all subjects interacting with people, from giant companies to small-scale organizations. It is unquestionable that this trend has made significant contributions to the data collection process. But the larger the volume of data collected, the greater the risk of a security breach. For this reason, it is essential to control the security and transparency of personal data.

The rise in cybercrime has accelerated 600% over the last three years, and shows no signs of slowing down. Even though the pandemic accelerated online services, data, and particularly vulnerable home networks, the truth is that cybercriminals are caught only 0.03 percent of the time. That rate, combined with the fact that the average cost of a data breach stands at $3.86 million makes for an attractive calculation for cybercriminals.

The Splunk Threat Research Team is actively monitoring the emergence of new threats in the cyber domain of ongoing geopolitical events. As we have shown previously in several releases, including HermeticWiper and CaddyWiper, actors in this campaign are deploying, updating, and modifying stealthier malicious payloads. On March 17th, 2022, the Ukraine CERT discovered a new malicious payload named DoubleZero Destructor (CERT-UA #4243).

Nowadays, building a zero-trust network has become a standard protocol in the era of evolving business models, multiple workforce platforms, cloud adoption, and increased device connectivity. But, if a business continues to work with at-risk organizations, the zero-trust policy crumbles. Working with well-secured third parties that uphold a zero-trust strategy is crucial for optimal cybersecurity within any business.

This is the third post in the Threat-Based Methodology blog series. In the first post, we introduced Threat Based Methodology and the analysis conducted by the FedRAMP PMO and NIST. In that post, we ended by listing the top seven controls based on their Protection Value. The second post explored configuration settings in greater depth and explained how Devo supports the ability to meet the CM-6 control.