Top-IoT-Security-Threats-in-2022
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Top IoT Security Threats in 2022

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By AMSAT July 13,2022

Top IoT Security Threats in 2022

The internet of things, or IoT, has made our lives a lot easier in a number of ways. IoT enables electronic devices to connect with one another over the internet without the need for human contact.

 

IoT technology enables our devices to do more for us and improve our lives more efficient. However, since the internet of things is a relatively new technology, there are certain important security concerns to be aware of. IoT devices might be exposed to cyber-attacks and other security issues if they are not protected.

 

Here are some of the biggest IoT security threats to watch out for in 2022, as well as tips on how to keep your devices safe.

What is IoT?

 

The IoT is a vast network of electronic devices, software applications, and other objects that can connect to the internet and exchange data. Without realizing it, you’re probably already using IoT devices in your daily life. Many modern vehicles, for example, may link over the internet to your smartphone or smartwatch, allowing you to share playlists, position data, and other information between devices.

 

The Internet of Things (IoT) can connect smart gadgets at home, such as your thermostat, refrigerator, lights, and more, to make your home more efficient. You might see IoT products like smart locks, energy monitoring devices, and even smart scheduling devices in a professional setting.

Here are some key IoT security threats in 2022.

 

  1. Unencrypted data storage

Throughout the day, IoT devices collect a massive amount of valuable data, much of which is stored in the cloud. Because this information can make these devices a target for hackers and other cybercriminals, it’s crucial that it’s kept safe. It’s also important that data is transferred between devices in a secure manner, preferably over an encrypted connection.

 

Unfortunately, many IoT devices lack reliable firewalls and other security features, leaving this data highly vulnerable. Data transfer between a smartphone and other devices is typically done over public WiFi networks, therefore securing a secure connection between devices might be difficult in some cases.

 

When data isn’t properly saved, you become vulnerable to infection. Malware can degrade the performance of your devices, and in the worst-case scenario, it might lock you out and keep your data for ransom.

 

  1. Unsafe financial information

Some IoT devices have access to the financial information of their users. When these devices have access to sensitive information such as your credit card or banking account information, they become an easy target for hackers.

This is an especially concerning issue for financial institutions that deploy IoT devices in the workplace. As IoT and AI technology advances, you’ll be able to use these technologies to manage a variety of areas of your organization. However, if these gadgets have access to indiscreet financial information, it might put your company and your consumers at risk.

 

  1. Access to physical property

Another major security concern is that IoT devices are frequently linked to physical property in some way. Many houses, companies, and automobiles, for example, now have IoT-connected locks and security systems. This means that if the gadget is hacked, someone could gain access to your physical belongings and potentially jeopardize your physical safety.

 

  1. Weak passwords and ID verification

Protecting your gadgets requires a strong password. Many IoT devices, however, are not password protected. A number of users choose options that are relatively simple and easy to guess, even on password-protected devices. As a result, your IoT devices are highly exposed to hackers.

Many IoT devices use different forms of identity verification in addition to passwords. Many devices, for example, use biometric verification such as fingerprints or even facial recognition to verify identity. While this is more secure than simply using a password, it’s crucial that this identity verification data is maintained and managed safely.

 

  1. Botnets and malicious IoT devices

The Internet of Things (IoT) lets electronic devices connect and communicate with one another, but not all of these devices are made with good intentions. Current IoT devices can be used by cybercriminals to break into secure networks.

Botnet attacks are particularly vulnerable to IoT devices. Botnets are computer networks that are used to distribute malware and execute harmful bots. Botnets can enter IoT networks and infect safe devices with ransomware, spyware, or other types of malware, jeopardizing your financial and personal security.

 

How To Secure Your IoT Devices

 

Although these security threats are ubiquitous for IoT devices, here are a few things you can do to secure them.

 

Regularly update your systems.

 

Security threats are rapidly evolving. To get over these security issues, developers must update these systems frequently. It’s crucial to install these updates on your IoT devices as soon as they’re available to avoid risks.

 

Opt for strong passwords.

 

Your IoT devices can be particularly vulnerable if you use a weak password. When creating passwords, use a combination of characters, numbers, and symbols that are tough to guess. Furthermore, you should replace your passwords on a regular basis – ideally every few months. If your IoT device supports two-factor authentication, make sure you’re taking use of it.

 

Be cautious when it comes to WiFi. Connecting your IoT devices to public WiFi networks is not a good idea because they are often insecure. You could also want to set up a guest network for your IoT devices at home, which will add an extra degree of protection.

 

Final Thoughts

 

Because the internet of things is still relatively new, at least in terms of consumer IoT devices, security measures are likely to increase as the technology matures. It’s critical to be aware of pertinent security concerns and take precautions to secure your networks before purchasing any new IoT device. While IoT devices are extremely useful, they can also be a huge target for hackers.

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    cyber security courses pakistan
    Posted in Cyber Security

    Cyber Security Degrees and Courses in Pakistan: Are they worth pursuing?

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    cybersecurity courses in pakistan

    By AMSAT May 19, 2022

    Cyber Security Degrees and Courses in Pakistan: Are they worth pursuing?

    In the current volatile security environment, pursuing cyber security degrees and courses in pakistan has become more important than ever. Cybercriminals are employing more ingenious sophisticated ways to exploit individuals, government organizations, and even major corporations in the digital era.

     

    Top companies in Pakistan and elsewhere in the world are willing to pay heavily to cyber security professionals, who can protect their data and eliminate vulnerabilities in order to defend against cyber-attacks and security breaches.

     

    What you can study during a cyber security degrees/courses in Pakistan

     

    Universities and colleges are still working out which technique is ideal for their degrees because cyber security is still a relatively new topic. There are different cyber security study programs and courses.

     

    Some people are more interested in programming, while others are more interested in digital forensics, security regulations, or broad aspects of cyber security. According to the National Security Agency’s 2014 Academic Criteria, IT Security degrees should include courses in:

     

    • Basic Data Analysis
    • Basic Scripting or Introductory Programming
    • Cyber Defense
    • Cyber Threats
    • Fundamental Security Design Principles
    • Information Assurance Fundamentals
    • Intro to Cryptography
    • IT Systems Components
    • Networking Concepts
    • Policy, Legal, Ethics, and Compliance
    • System Administration

     

    Some universities in Pakistan, including the following, offer cyber security courses and degrees.

     

    • The Islamia University of Bahawalpur
    • Air University
    • Comsats University
    • National University of Computer and Emerging Sciences, Islamabad
    • Dawood University of Engineering and Technology
    • Khawaja Fareed University of Engineering & Information Technology

     

    Advanced modules, particularly those at the master’s degree level, can help you specialize in complex fields such as forensic accounting, artificial intelligence, virtual reality, and more.

     

    When researching cyber security degrees, paying attention to the curriculum of each program will greatly help. You should ensure that they contain relevant courses, and select those that provide hands-on experience, which benefits both you and potential employers.

     

    “People new to cyber-security now have a lot more possibilities,” Bogdan says, “interactive classes with exceptionally skilled tutors, internships in well-established cyber-security companies, local conferences and cyber-security presentations.”

     

    “Back in my day – and to some extent still now,” he continues, “Cyber Security was not something you’d learn in school.” In terms of teaching algorithms and programming, the curriculum is excellent, but not so much in terms of cyber security and reverse engineering. These are talents I learned outside of the classroom, thanks to the Internet’s power.”

     

    This means that while cyber security degrees are a wonderful place to start, they won’t teach you everything you need to know. Keep an open mind and continue to improve your talents outside of the classroom.

    Duration of cyber security degrees

    • In most countries, bachelor’s degrees take three or four years to complete.
    • Master’s degrees might take anywhere from one to two years to finish.
    • PhD programs last between three and five years. Some just take a year or two, but they are rare.

    Pursuit of online cyber security degrees: A great option

    Prospective students with other responsibilities, such as a part-time or full-time job, should consider an online cyber security degree. You can learn at your own speed from anywhere in the world.

     

    You can also re-watch courses as many times as you need to and communicate with your peers via discussion boards or social media groups. While you will have some freedom, exam and project deadlines will still be set, and you must meet them.

     

    The possibility to take an online short course in IT Security before deciding whether to pursue undergraduate or postgraduate courses is a huge plus. Cyber security short courses start at $100 (nearly PKR 20,000) at many universities and online platforms. They typically last 1-3 months and give you an introduction to online learning.

     

    You can also save money on tuition by pursuing an online cyber security degree. Tuition is cheaper, starting at $300 (nearly PKR 59,000) per academic year, and you won’t have to pay for transportation, rent, or other living expenses in another country. However, due to the technological nature of these degrees, you may need to invest in your classroom or virtual lab hardware or software.

     

    Before enrolling in an online bachelor’s or master’s in IT Security, make sure the program is accredited. While the majority of online degrees are real, you don’t want to waste your money and time on a forgery. Being conned while attempting to learn how to avoid cybercrime isn’t exactly a plus on your resume, is it?

    Cyber security internships

    Internships are an excellent way to get experience and prepare for a career, providing with the opportunity to collaborate with IT Security experts and learn from real-world problems and scenarios. Internships are a great way to put what you’ve learned in cyber security studies into practice and identify where you can improve.

     

    Internships can be found on sites like Glassdoor and LinkedIn. Apply if you meet the prerequisites and are satisfied with the duration and compensation. Lists of IT Security internships can also be found on the internet. Although not all of them are up to date, they save you the time of searching for each program separately.

    Jobs and salaries

    The world desperately needs IT security experts, more so in today’s precarious security environment. ISC2 suggests a staggering 2.93 million cyber security specialists are needed globally, with the US Bureau of Labor Statistics estimating that employment in this profession will grow by 28% in the next 4 years.

     

    While security specialists are required in various types of businesses, their need is more pronounced in key areas such as finance, healthcare, and education where people’s transactions, assets, and health information must be protected.

     

    You can seek a number of positions in the field of cyber security—and virtually all of them command considerable salaries, perks and massive demand for technical skills, attention to detail, problem-solving attitude, and the ability to evaluate risks. Here are some of the best cyber security jobs and the average yearly salaries:

     

    • Cryptographer – 100,000 USD (PKR 20,000,000)
    • Information Security Officer – 91,000 USD (PKR 18,200,000)
    • Security Assessor – 90,000 USD (PKR 18,000,000)
    • Security Engineer – 88,000 USD (PKR 17,600,000)
    • Penetration Tester – 81,000 USD (PKR 16,200,000)
    • Forensics Expert – 71,000 USD (PKR 14,200,000)
    • Security Administrator – 65,000 USD (PKR 13,000,000)

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      how-to-perform-it-risk-assessment
      Posted in Cyber Security

      How to Perform IT Risk Assessment

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      By AMSAT Feb 11,2022

      How to Perform IT Risk Assessment

      How to Perform IT Risk Assessment

      Understanding, monitoring, controlling, and minimizing risk to your organization’s essential assets is at the heart of cybersecurity. If you work in security, you tend to, by default, engage yourself in the risk management business. No wonder you take every trick in the book to ensure your organization is highly protected against all manner of cyber-attacks, including the service of some well-known external threat protection detection service providers.

      What is a security risk assessment?

      The process of identifying and analyzing risks for assets that could be harmed by cyberattacks is known as cybersecurity risk assessment. Essentially, you examine both internal and external threats, evaluate their potential effect on data accessibility, privacy, and integrity, and estimate the costs of a cybersecurity event. Using this information, you can tailor your cybersecurity and data protection rules to your organization’s actual risk tolerance.

      To begin assessing IT security risks, you must first answer three key questions:

      • What are your company’s important information technology assets, or the data whose loss or exposure would have a significant impact on your business?
      • What are the key business processes that utilize or require this information?
      • What threats could jeopardize those business functions’ capacity to function?

       

      You can start building strategies once you know what you need to safeguard. However, before you spend any amount of your budget or an hour of your time putting in place a risk-reduction solution, be sure you know which risk you’re dealing with, how significant it is, and whether you’re handling it in the best possible manner.

      Significance of regular IT security assessments

      Conducting a thorough IT security assessment on a regular basis helps organizations develop a solid foundation for ensuring business success.

      • It enables them to do things like:
      • Identify and fix IT security flaws
      • Prevent data breaches
      • Select appropriate protocols and policies to limit risks
      • Protect the asset with the highest value and risk as a top priority.
      • Evaluate possible security partners
      • Establish, manage, and confirm regulatory compliance
      • Accurately estimate future demands
      • Eliminate unneeded or outmoded control measures

       

      What is cyber risk?

       

      A cyber risk, according to the Institute of Risk Management, is “any risk of financial loss, interruption, or damage to an organization’s reputation as a result of some sort of breakdown of its information technology systems.” “The possibility for an unanticipated, negative business result involving the failure or misuse of IT,” according to Gartner.

       

      The following are some examples of cyber risk:

       

      • Information that is sensitive or controlled is stolen.
      • Data loss as a result of hardware failure
      • Viruses and malware
      • Credentials in jeopardy
      • Failure of the company’s website
      • Natural calamities that may cause server damage

      When assessing cyber threats, it’s critical to consider the specific financial harm that they could cause, such as legal bills, operational disruption, and associated profit loss, and lost revenue due to customer cynicism.

       

      IT risk assessment elements and formula

      The four key components. There are four main components to an IT risk assessment. We’ll go into how to evaluate each one later, but first, here’s a quick rundown:

       

      Threat — This constitutes any event that could inflict damage on a company’s people or assets—such as natural calamities, website failures, and corporate spying.

       

      Vulnerability — This is any potential weak point that allows danger to cause harm. Antivirus software that is obsolete, for example, is a weakness that can allow a malware assault to succeed. Having a server room in the basement is a vulnerability that increases the risks of equipment being damaged and downtime being caused by a tornado or flood. Discontented personnel and aged hardware are two further examples of vulnerability.

       

      Impact — The complete damage an organization would suffer if a vulnerability was exploited by a threat is referred to as the impact. A successful ransomware assault, for instance, could result not only in missed output and data recovery costs, but also in the revealing of customer data or trade secrets, which could result in lost business, legal bills, and compliance penalties.

       

      Likelihood — This is the likelihood of a threat occurring. It is usually a range rather than a specific number.

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        private cloud virtualization
        Posted in Cloud Security

        Advantages and Drawbacks of Private Cloud Virtualization

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        By AMSAT Feb 03,2022

        Advantages and Drawbacks of Private Cloud Virtualization

        In today’s age of cloud, organizations have an assortment of options: public, private, or hybrid. Each choice boasts its own unique set of upsides and downsides, leaving businesses to navigate a complex landscape before deciding which fits their needs best. This blog post will explore the world of private cloud virtualization, examining its strengths and weaknesses.

        Advantages of Private Cloud Virtualization:

        • Security Fort: Public clouds, while convenient, pose major security risks due to shared infrastructure. Private clouds, conversely, offer an enclosed space where your data and applications reside exclusively within your control. This enhanced security is a godsend for businesses dealing with sensitive information or operating in heavily regulated industries.
        • Customization Flexibility: Unlike the “one-size-fits-all” approach of public clouds, private virtualization allows you to tailor the environment to your specific needs. From configuring hardware and software to crafting granular security policies, you have complete independence, ensuring top performance and resource allocation for your unique workload.

        private cloud virtualization icon

        • Unsurpassed Agility: If you need to scale up an application for a sudden rise in traffic, private clouds give you the agility to vigorously adjust resources to match your changing demands. This removes the potential holdups and service disruptions often encountered in shared public cloud environments.
        • Seamless Compliance: Certain industries face strict compliance regulations for data storage and processing. Private clouds offer the flexibility to build a setting that seamlessly integrates with your compliance frameworks, providing peace of mind and avoiding heavy fines.
        • Performance Hub: Dedicated hardware and software resources translate to foreseeable and steadily high performance compared to shared public clouds. This is vital for mission-critical applications and real-time data processing, where even minor latency glitches can be disastrous.

        Drawbacks of Private Cloud Virtualization:

        • Cost Challenge: Setting up and maintaining a private cloud requires substantial upfront investment in hardware, software licenses, and skilled IT personnel. This hefty price tag can be a deterrent for smaller businesses or those with less resource-intensive workloads.
        • Management Dilemma: Running a private cloud is no piece of cake. It demands a team of skilled IT professionals to handle infrastructure management, maintenance, security patching, and software updates. This ongoing operational burden can be a drain on internal resources and expertise.
        • Scalability Saga: While private clouds offer some scalability, it’s not as seamless and effortless as public clouds. Adding new resources often requires physically expanding the infrastructure, leading to longer provisioning times and potentially hindering agility.
        • Skill Shortage Threat: Finding and retaining the talent needed to manage a private cloud can be a significant challenge. The demand for skilled cloud professionals remains high, and the cost of acquiring and retaining them can add to the overall expenditure.

        cloud virtualization icon

        Finding the Best Cloud Solution: Your Key to Success

        It’s important to carefully assess your unique requirements, financial situation, and available resources when selecting a cloud solution. Unrivaled security, control, and customization are provided by private cloud virtualization, but it is expensive and requires a high level of internal expertise. These trade-offs are justifiable for some businesses, but others can benefit from a hybrid approach or the shared environment of public clouds.

         

        Before embarking on your cloud journey, determine the sensitivity of your data and your internal expertise to manage a cloud. Also find out if you can effectively handle the upfront and ongoing costs. 

        Conclusion

        There’s no one-size-fits-all solution in the world of cloud. Assess the merits and demerits carefully, and opt for the choice that strengthens your organization to achieve even greater success in today’s fast-changing business landscape.

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          cloud-virtualization-and-its-main-types
          Posted in Cloud Security

          Cloud Virtualization and Its Main Types

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          cloud-virtualization-and-its-main-types

          By AMSAT Jan 26,2023

          Cloud Virtualization and Its Main Types

          Cloud virtualization is based on the idea that a piece of software can act like a physical item, which allows it to perform all of the functions of a piece of hardware even if the hardware is not there. As a result, the software runs on a server as if it were a desktop PC.

           

          And that is exactly what a cloud-based IT service provides: a location where business processes can take place and be stored without the need for on-premises hardware.

           

          Virtualization software enables different operating systems and applications to operate on the same server at the same time, lowering costs and increasing the efficiency of current hardware.

          The Main Types of Virtualization

          Virtualization is classified into numerous types based on the elements it is used on.

          1. Server Virtualization

          Consolidating many machines into a single server, which then runs multiple virtual environments, saves server space. It’s a method for companies to run identical programs on numerous servers in order to have a “foolproof” position. Because each server is self-contained, software installed on one will have no effect on the other. Another emerging topic in server virtualization is migration. While a secure network migration may be needed in some situations, it comes with its share of potential drawbacks for which organizations ought to be prepared. A server environment can be moved from one location to another, even if the computers have different operating systems. The obvious benefit is the reduction in hardware costs.

          2. Storage Virtualization

          Storing data on a hard drive used to be a simple undertaking: a company could simply buy a larger disc drive if it required more. However, storage requirements continue to expand, making management considerably more difficult. Virtualization is a fantastic solution. It inserts a layer of software between computers and servers, removing the requirement for programs to know where certain data is stored. It’s treated as if it’s just one resource. The virtualization layer will appear to servers as a single storage device, and each storage device will see the layer as its lone server.

          3. Network Virtualization

          Network virtualization makes it possible to control and supervise an entire network as if it were a single entity. It is primarily intended to automate administrative operations while masking the network’s complexity. Each server (and service) is part of a single pool of resources that can be exploited without regard for their physical components.

           

          Appreciating the Benefits of Virtualization

          Understanding the difference between private and public clouds is the best method to think about the role of virtualization. In a private cloud setting, a company owns or rents both the hardware and software that supports service consumption.

          The Private Cloud

          A private cloud is its own virtualized world. It allows customers more autonomy and flexibility in managing their own systems while maintaining all of the cloud’s benefits. Furthermore, the owner does not have to be concerned about coexisting “bad neighbors” or potential performance slowdowns. The following are some of the advantages of virtualization:

           

          Virtualization allows a user to keep physical systems to a bare minimum, allowing them to get more value out of existing servers.

           

          Using the same hardware to run numerous apps and operating systems. All management, administration, and other costs are covered by the in-house IT budget.

           

          When deciding whether or not to adopt virtualization (a private cloud), a company must examine who will provide support and how it will be linked with other internal systems. Cost (operating expenses) is, of course, a factor to consider. What level of management is a company willing to undertake? What are the requirements for scalability and security?

           

          Virtualization is likely to be preferred by firms that require better control and security and have substantial IT staff for these purposes.

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            an-overview-of-network-security
            Posted in Cyber Security

            An Overview of Network security

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            By AMSAT Jan 20,2022

            Dealing with cyber-threat: a complex challenge

            an-overview-of-network-security

            The term “network security” refers to a wide range of technology, devices, and processes. Most essentially, it is a set of rules and configurations that use both software and hardware technologies to secure the integrity, privacy, and accessibility of computer networks and data. Every organization, irrespective of size, area, or infrastructure, needs network security solutions to defend itself from the potential threat of cyber threats that have become a norm in today’s precarious business milieu.

             

            Today’s network architecture is multifaceted, and it must deal with a constantly changing threat environment and threat actors who are constantly looking for and exploiting flaws. These flaws can be found in a variety of places, including devices, data, apps, users, and geographic locations. Consequently, a slew of network security management tools and apps are being used to address specific threats and exploits, as well as regulatory non-compliance. When even a few minutes of outage may cause widespread inconvenience and significant damage to a company’s financial line and reputation, these safeguards must be in place.

            How does network security work?

            When it comes to network security in an organization, there are several layers to consider. Since attacks can take place at any layer of the network security layers model, your network security hardware, software, and rules must be built to encompass all of them.

            Physical, technological, and organizational controls are the most common types of network security controls. The key methods of network security and how each control works are described briefly below.

            Physical Network Security

            Unauthorized personnel gaining physical access to network components such as routers, cabling cabinets, and so on is prevented by physical security mechanisms. In any organization, controlled access, such as locks, biometric authentication, and other devices, is critical.

            Technical Network Security

            Data that is stored on the network or that is in transit across, into, or out of the network is protected by technical security mechanisms. It is necessary to protect data and systems from unauthorized personnel as well as malicious activity by staff.

            Administrative Network Security

            Security rules and processes that manage user behavior, such as how users are verified, their level of access, and how IT staff members apply changes to the infrastructure, are referred to as administrative security controls.

            Types of network security

            We’ve discussed the many types of network security controls. Now let’s look at some of the various methods for securing your network.

            Network Access Control

            Comprehensive access control policies for both people and devices are required to ensure that potential attackers cannot infiltrate your network. Network access control (NAC) can be configured to the nth degree. You may, for example, give administrators complete network access but prohibit them access to certain confidential folders or prevent their personal devices from connecting to the network.

            Antivirus and Antimalware Software

            Viruses, ransomware, worms, and trojans are all examples of dangerous software that antivirus and antimalware software protect against. The finest program not only scans files when they first connect to the network, but also scans and tracks them over time.

            Firewall Safety

            True to their name, firewalls operate as a barrier between untrusted external networks and your trusted internal network. Typically, administrators put up a set of established rules that prohibit or allow traffic onto the network.

            Virtual Private Networks

            Virtual private networks (VPNs) establish a network connection from a remote endpoint or location. Users working from home, for example, would normally connect to the company’s network over a VPN. Data between the two places is encrypted, and the user must authenticate in order for their device to communicate with the network.

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              Posted in Cyber Security

              Securing user authentication protocols effectively

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              By AMSAT Dec 17, 2021

              Securing user authentication protocols effectively

              In March this year, a cybersecurity expert found a security bug—ProxyToken—in Microsoft Exchange Server. The vulnerability allows cybercriminals to circumvent the authentication process to access victims’ emails and configure their mailboxes.

               

              Typically, Exchange employs two sites, a front and back end, to verify users. Nevertheless, its Delegated Authentication feature squarely blames the back-end for authentication. ProxyToken sends an authentication request with a non-empty SecurityToken cookie to activate this feature. Since the back-end isn’t configured to deal with authentication under default settings, the threat actor’s requests circumvent authentication completely.

               

              To make it work, cybercriminals must already have an account on that Exchange server, assuaging its threat. Insider threats are always possible, however. Criminals could then use this technique to acquire information to carry out phishing attacks, which inflicted a loss of more than $1.7 billion in 2019.

               

              Given this threat and others of this kind, here’s how businesses can better protect their user authentication protocols.

              Keep track of user behavior

              User authentication is not merely about a simple username and password. Conventional methods like this are susceptible and can’t make up attacks like ProxyToken that circumvent authentication breaks. One useful solution is to keep track of user behavior.

               

              Constant supervision will set up a baseline for each user’s typical behavior. With this information, businesses can implement behavioral biometrics, which validates people based on their use patterns. This monitoring is also a vital part of contextual approvals, a vital rule of zero-trust security. These methods go beyond conventional verification to find and address attacks like ProxyToken.

              Use multifactor authentication

              Enabling multifactor authentication is another major step. Single authentication techniques are prone to attacks like ProxyToken, so it’s safe to use more than one method to ensure that if a cybercriminal gets past one obstacle, they still can’t penetrate the system.

               

              Microsoft itself underlines that MFA can stop 99.9% of account compromise attacks. As well as being vastly effective, MFA is also free of charge and easy to enforce, making it a perfect security measure.

              Limit authorization

              Authentication and authorization bear no similarities, and recalling that is important to avoid threats like ProxyToken. A threat actor may use ProxyToken or a similar technique to circumvent authentication, but better controls can still lessen damage.

              As a refresher, authentication ascertains if users are authentic while authorizing handles permissions. Controlled authorization protocols like least-privilege access controls restrict the authorization any one user has. Consequently, an attacker that circumvents the authentication stage will still have limited access, reducing their potential for destruction.

              Keep software updated

              Although it may appear obvious, companies should also remember to keep their software as up-to-date as possible. Experts found ProxyToken in March, and Microsoft managed to fix the flaw by July. A simple software update will keep Exchange servers secure from these attacks.

              While software updates may not appear like a serious issue, many businesses fall behind in this area, leaving them exposed. Nearly one-third of world companies have undergone a data breach owing to an unpatched vulnerability, which implies that enabling automatic updates and monitoring for flaws will prevent a substantial number of cyberattacks.

              Protected authentication protocols are critical

              Threat actors always find ingenious means like ProxyToken to bypass organizations’ security systems. Given a spike in these threats, businesses must take a more hands-on approach to security, including stronger authentication protocols.

              User authentication is not just restricted to a simple username and password in this day and age. Cybercriminals today are more ingenious, requiring multistage approaches like MFA and constant supervision to halt them. Organizations can eradicate most of the threats the face if they tighten their authentication and authorization controls.

              About AMSAT

              AMSAT’s state-of-the-art infrastructure and effective systems help organizations defend against present and future threats, which can be tailored to specific needs of our clients. The AMSAT team includes some of the leading security practitioners in a broad set of cybersecurity capabilities. This covers areas of application and network security, analysis, pro-active, legal, reactive and forensic services. AMSAT also provides the largest and most efficient Security Operations Center in multiple countries where cybersecurity experts are monitoring events on 24/7, helping organizations implement robust, consistent and stable cybersecurity practices.

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                Posted in Cyber Security

                A Brief Weekly Review of Top Stories that Dominated the Cyberworld

                Latest Blogs

                a-brief-weekly-review-of-top-stories-that-dominated-the-cyberworld

                By AMSAT Sep 24,2021

                A Brief Weekly Review of Top Stories that Dominated the Cyberworld

                Pakistan had one of the most embarrassing moments on the global security landscape when a 35-year-old Pakistani citizen, Mohammad Fahd, was sentenced to 12 years in prison in the US for his involvement in illegal hacking of AT&T phones. In another major development, European law enforcement agencies dismantled an organized crime group allegedly involved in online fraud, money laundering, and other illegal activities. Besides, the outgoing week saw some other events unfold on the security front.


                Here’s a brief review of the major developments of the past week.    

                 

                Illegal Unlocking of AT&T Phones: Pakistani Citizen Sentenced to Prison in U.S


                A 35-year-old Pakistani citizen, involved in an AT&T hacking scheme, was sentenced to 12 years in prison in the United States.


                The scheme initiated in 2012, when convict Mohammad Fahd and others employed AT&T call center employees for help in cracking phones sold by the telecom giant to customers.

                Fahd was primarily helped directly by AT&T call center workers to unlock phones, but when in 2013 AT&T enforced a new system that made it more tough for employees to unlock devices, the man employed someone to create a piece of malware that, once installed on AT&T’s internal systems, would let him remotely crack a larger number of phones from Pakistan.

                 

                Illegal Unlocking of AT&T Phones: Pakistani Citizen Sentenced to Prison in U.S

                 

                European law enforcement authorities cracked down on an organized crime group purportedly involved in online fraud, money laundering, and other illegal activities.


                With help from Europol and Eurojust, the police made over 100 arrests — chiefly in Spain, with some in Italy — conducted 16 house searches, and froze 118 bank accounts. They seized 

                several electronic equipment, hundreds credit cards, SIM cards, and more.


                The group, which was connected to the Italian Mafia, swindled hundreds of individuals through attack methods such as phishing, SIM exchange, and even business email compromise (BEC). The proceeds were laundered through a network of fake companies and couriers.

                Illegal Unlocking of AT&T Phones: Pakistani Citizen Sentenced to Prison in U.S

                Cisco announced the availability of patches for a number of serious flaws in IOS XE software that could be misused to perform random code remotely, cause denial of service, or manipulate device configuration.

                 

                The most critical of these issues was CVE-2021-34770, which could have led to remote code execution without verification, with administrator privileges.

                 

                Found in the Control and Provisioning of Wireless Access Points (CAPWAP) protocol processing of IOS XE software for Catalyst 9000 wireless controllers, the virus can also have been abused to cause a denial of service (DoS) condition.

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                • AT&T hacking
                • Security Updates
                • Cisco

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                  a-brief-weekly-review-of-top-stories-that-dominated-the-cyberworld
                  Posted in Cyber Security

                  A Brief Weekly Review of Top Stories that Dominated the Cyberworld

                  Latest Blogs

                  a-brief-weekly-review-of-top-stories-that-dominated-the-cyberworld

                  By AMSAT Sep 03,2021

                  A Brief Weekly Review of Top Stories that Dominated the Cyberworld

                  In another week that kept security experts on their toes, the cyberworld saw a slew of events with far-reaching consequences: A cyberattack that hit Boston Public Library is one such incident. In addition, the Federal Bureau of Investigation’s (FBI) alert about Hive ransomware on healthcare systems and FBI, CISA’s warning about a spike in ramsomware attacks on holidays featured among a handful of headline-grabbing news items of the outgoing week.

                   

                  A brief review of the major developments of the past week is as follows.    

                  Boston Public Library Hit by Cyberattack

                  As per news reports, the Boston Public Library came under a cyberattack earlier this week that disrupted its computer network.

                   

                  In a statement the library posted on its website, no sensitive employee of patron data was stolen or affected.

                   

                  A statement issued by the university read: “We experienced a systemwide technical outage due to a cybersecurity attack, pausing public computer and public printing services, as well as some online resources,” adding “affected systems were taken offline immediately, and proactive steps were taken to isolate the problem and shut down network communication.”

                  FBI, CISA Warned of Spike in Ransomware Attacks on Holidays

                  The Cybersecurity and Infrastructure Security Agency (CISA) and the Federal Bureau of Investigation (FBI) warned against an increase in ransomware assaults during holidays and weekends.

                  In a statement, the agencies observed that a rise in cyber-incidents involving ransomware was witnessed during previous U.S. holidays such as the Fourth of July weekend in 2021.

                  They also stated that they had no clue that a cyberattack would happen over the imminent Labor Day holiday, but encouraged businesses to review their cybersecurity posture and apply recommended best practices to ensure they were safeguarded.

                  FBI Issued Alert about Hive Ransomware amid Growing Attacks on Healthcare Systems

                  The Federal Bureau of Investigation (FBI) issued a comprehensive alert about the Hive ransomware that was aggressively attacking healthcare systems. The new ransomware displayed strong file encryption capabilities and even ended backups to support the assault.

                  Hive ransomware also works on the double-extortion plan as it steals data before encryption, while it abuses phishing emails to deceive business users to exfiltrate the network. 

                  Experts Said Flaws Could Let Hackers Disarm Fortress Home Security Systems

                  Security experts at cybersecurity company Rapid7 highlighted a few flaws that threat actors could exploit to remotely deactivate one of the home security systems offered by Fortress Security Store, a US-based physical solutions provider.

                   

                  According to the company, its products are used by thousands of consumers and companies.

                  The vulnerabilities were discovered in Fortress’ S03 WiFi Security System, which connects to a current Wi-Fi network or phone line.

                   

                  Rapid7 researchers revealed that the product was impacted by two vulnerabilities that could be exploited remotely.

                  TAGS

                  • Cyber Crime
                  • Security Updates
                  • Boston Public Library
                  • Ransomware Attacks

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                    a-brief-weekly-review-of-top-stories-that-dominated-the-cyberworld
                    Posted in Cyber Security

                    A Brief Weekly Review of Top Stories that Dominated the Cyberworld

                    Latest Blogs

                    a-brief-weekly-review-of-top-stories-that-dominated-the-cyberworld

                    By AMSAT Aug 27,2021

                    A Brief Weekly Review of Top Stories that Dominated the Cyberworld

                    The outgoing week saw a number of events that had far-reaching effects on the cybersecurity landscape.  From China passing a strict new online privacy law to US and Singapore signing memorandums of understanding, the world of security was replete with some extraordinary developments.

                     

                    Here’s a brief review of the major developments of the past week.    

                    China Okayed Stringent New Online Privacy Law

                    China passed a comprehensive privacy law with the aim of stopping companies from gathering important personal data, as the country faced a surge in internet scams.

                    Green-lighted by China’s leading lawmaking body, under the new rules, state and private businesses dealing with personal information would be required to decrease data collection and acquire user consent.

                     

                    However, the Chinese state security system would maintain access to a wide range of personal data. Beijing has long been blamed for exploiting big tech to hasten repression in the northwestern Xinjiang province and somewhere else.

                    US, Singapore inked MOUs to broaden collaboration in cybersecurity

                    As per reports, the United States and Singapore signed a spate of memorandums of understanding (MOUs) to extend cooperation in cybersecurity across many fields such as finance, defence, and research and development. Such measures would include further information about sharing, joint exercises, and competency development. 

                    Three MOUs were inked as part of US Vice President Kamala Harris’ three-day visit to Singapore this week. 

                    One of these involved an agreement between Singapore’s Cyber Security Agency (CSA) and the US Cybersecurity and Infrastructure Security Agency (CISA) to widen collaboration in cybersecurity beyond data sharing and exchanges. The two government agencies will seek to include new areas of support in important technologies as well as research and development, amongst others. 

                    US Tech Companies Pledged Billions to Boost Cybersecurity Defenses

                    The White House announced that some of the top technology firms of the United Stated had pledged to invest billions of dollars to improve cybersecurity infrastructure and to train workers.

                     

                    The meeting, in which President Joe Biden also participated, was held during a persistent stretch of ransomware assaults that had targeted important defenses, in addition to other illegal cyber operations that U.S. authorities have associated to foreign threat actors.

                     

                     

                    The US government had been asking the private sector to play its role to boost cybersecurity defenses against those highly sophisticated attacks which President Biden referred to as a “core national security challenge” for the United States.

                    TAGS

                    • Cyberworld
                    • Security Updates
                    • Online Privacy Law

                    Recent Blogs

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