Login
As the majority of the global Covid fog finally started lifting in 2022, other events – and their associated risks – started to fill the headspace of C-level execs the world over. In my role, I regularly engage with CISOs in all kinds of sectors, representatives at industry bodies, and experts at analyst houses. This gives me an invaluable macroview not only of how the last 12 months have affected organizations and what CISOs are thinking about, but also how the upcoming year is shaping up.
Using this information, last year I wrote a blog summing up the nine top of mind issues I believed will most impact CISOs as we headed into 2022. Many of them still ring true now and will continue to do so, but some new concerns have risen up the agenda. Here are the topics that I think will be top of mind in 2023, and what CISOs can do to prepare.
One aspect that has come to the fore this year is the CISO’s position as ‘guardian of customers’ private data’ in the event of a breach, and their responsibilities over the level of disclosure they later provide. And here, we are not only talking about the legal duty to inform regulators, but the implicit moral duty to inform third parties, customers, etc. From my conversations this year, this whole area is getting CISOs thinking about their own personal liability more.
As a result of this, next year we could see CISOs tightening up the disclosure decision making process, focusing on quicker and greater clarity on breach impact, and even looking to include personal liability cover in cyber insurance contracts. CISOs will also likely be pushing more tabletop exercises with the executive leadership team to ask and answer questions around what is showed, to whom, and by whom.
Cyber insurance has become a newsworthy topic over the last 24 months, mainly due to the hardening of the market, as insurance products have become less profitable for underwriters and insurers’ costs have risen. But the topic will continue to be in focus as we move into 2023, with insurers demanding greater attribution – aka the science of identifying the perpetrator of a cybercrime by comparing the evidence gathered from an attack with evidence gathered from earlier attacks that have been attributed to known perpetrators to find similarities.
The need for greater attribution stems from the news that some insurers are announcing that they are not covering nation state attacks, including major marketplace for insurance and reinsurance, Lloyd’s – a topic I covered with colleague and co-author Martin Lee, in this blog earlier in the year.
Greater preparation and crystal-clear clarity of the extent to which attribution has taken place when negotiating contracts will be an essential element for CISOs going forward. For more practical advice on this topic, I also wrote a blog on some of the challenges and opportunities within the cyber liability insurance market back in June which you can read here.
Being a CISO has never been more complex. With more sophisticated attacks, scarcity of resources, the challenges of communicating effectively with the board, and more demanding regulatory drivers like the recently approved NIS2 in the EU, which includes a requirement to flag incidents that cause a significant financial implication or operational disruption to the service or to others within 24 hours.
With so much to consider, it is vital that CISOs have a clear understanding of the core elements of what they protect. Questions like ‘where is the data?’, ‘who is accessing it?’, ‘what applications is the organization using?’, ‘where and what is in the cloud?’ will continue to be asked, with an overarching need to make management of the security function more flexible and simpler for the user. This visibility will also inevitably help ease quicker decision making and less of an operational overhead when it comes to regulatory compliance, so the benefits of asking these questions are clear.
According to Forrester, the term Zero Trust was born in 2009. Since then, it has been used liberally by different cybersecurity vendors – with various degrees of accuracy. Zero Trust implementations, while being the most secure approach a firm can take, are long journeys that take multiple years for major enterprises to carry out, so it is vital that they start as they mean to go on. But it is clear from the interactions we have had that many CISOs still don’t know where to start, as we touched on in point #3.
However, that can be easier said than done in many cases, as the principles within Zero trust fundamentally turn traditional security methods on their head, from protecting from the outside in (guarding your company’s parameter from external threats) to protecting from in the inside out (guarding individual assets from all threats, both internal and external). This is particularly challenging for large enterprises with a multitude of different silos, stakeholders and business divisions to consider.
The key to success on a zero-trust journey is to set up the right governance mode with the relevant stakeholders and communicate all changes. It is also worth taking the opportunity to update their solutions via a tech refresh which has a multitude of benefits, as explained in our most recent Security Outcomes Study (volume 2).
For more on where to start check out our eBook which explores the five phases to achieving zero trust, and if you have already embarked on the journey, read our recently published Guide to Zero Trust Maturity to help you find quick wins along the way.
As with last year, ransomware continues to be the main tactical issue and concern facing CISOs. More specifically, the uncertainty around when and how an attack could be launched against the organization is a constant threat.
Increased regulation on the payment of ransomware and declaring payments is predicted, on top of the Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA), the Ransom Disclosure Act, but that doesn’t help alleviate ransomware worries, especially as this will again put the CISO in the firing line.
CISOs will continue to keep a focus on the core basics to prevent or limit the impact of an attack, and again have a closer look at how any ransomware payment may or may not be paid and who will authorize payment. For more on how executives can prepare for ransomware attacks, read this blog from Cisco Talos.
Traditionally CISOs have talked about the importance of improving security awareness which has resulted in the growth of those test phishing emails we all know and love so much. Joking aside, there is increased discussion now about the limited impact of this approach, including this in depth study from the computer science department of ETH Zurich.
The study, which was the largest both in terms of scale and length at time of publishing, revealed that ‘embedded training during simulated phishing exercises, as commonly deployed in the industry today, does not make employees more resilient to phishing, but instead it can have unexpected side effects that can make employees even more susceptible to phishing’.
For the most effective security awareness, culture is key. This means that everyone should see themselves as part of the security team, like the approach that has been taken when approaching the issue of safety in many high-risk industries. In 2023, CISOs will now be keen to bring about a change to a security culture by making security inclusive, looking to create security champions within the business unit, and finding new methods to communicate the security message.
Last year, we talked about preparing for the ‘great resignation’ and how to prevent staff leaving as WFH became a norm rather than an exception. In the past year, the conversations I have had have altered to focus on how to ensure recruitment and retention of key staff within the business by ensuring they work in an environment that supports their role.
Overly restrictive security practices, burdensome security with too many friction points, and limitations around what resources and tools can be used may deter the best talent from joining – or indeed staying – with an organization. And CISOs don’t need that extra worry of being the reason behind that kind of ‘brain drain’. So, security will need to focus on supporting the introduction of flexibility and the ease of user experience, such as passwordless or risk-based authentication.
Just when we thought it was safe to go back into the organization with MFA protecting us, along came methods of attack that rely on push-based authentication vulnerabilities including:
There has been a lot written about this kind of technique and how it works (including guidance from Duo) due to some recent high-profile cases. So, in the forthcoming year CISOs will look to update their solutions and introduce new ways to authenticate, along with increased communications to users on the topic.
This issue was highlighted again this year driven by regulations in different sectors such as the UK Telecoms (Security) Act which went live in the UK in November 2022 and the new EU regulation on digital operational resilience for financial services firms (DORA), which the European Parliament voted to adopt, also in November 2022. Both prompt greater focus on compliance, more reporting and understanding the dependency and interaction organizations have with the supply chain and other third parties.
CISOs will focus on obtaining reassurance from third parties as to their posture and will receive a lot of requests from others about where their organization stands, so it is crucial more robust insight into third parties is gained, documented, and communicated.
When writing this blog, and comparing it to last year’s, the 2023 top nine topics fit into three categories. Some themes make a reappearance, seem to repeat themselves such as the need to improve security’s interaction with users and the need to keep up to date with digital change. Others appear as almost incremental changes to current capabilities such as an adjusted approach to MFA to cope with push fatigue. But, perhaps one of the most striking differences to previous years is the new focus on the role of the CISO in the firing line and the personal impact that may have. We will of course continue to monitor all changes over the year and lend our viewpoint to give guidance. We wish you a secure and prosperous new year!
We’d love to hear what you think. Ask a Question, Comment Below, and Stay Connected with Cisco Secure on social!
Cisco Secure Social Channels
Just a few years ago when the topic of supporting offsite workers arose, some of the key conversation topics were related to purchase, logistics, deployment, maintenance and similar issues. The discussions back then were more like “special cases” vs. today’s environment where supporting workers offsite (now known as the hybrid workforce) has become a critical mainstream topic.
Now with the bulk of many organization’s workers off-premise, the topic of security and the ability of a security vendor to help support an organization’s hybrid workers has risen to the top of the selection criteria. In a soon to be released Cisco endpoint survey, it’s not surprising that the ability of a security vendor to make supporting the hybrid workforce easier and more efficient was the key motivating factor when organizations choose security solutions.
Today, when prospects and existing customers look at Cisco’s ability to support hybrid workers with our advanced security solution set and open platform, it’s quite clear that we can deliver on that promise. But, yes, good tools make it easier and more efficient, but the reality is that running a SOC or any security group, large or small, still takes a lot of work. Most organizations not only rely on advanced security tools but utilize a set of best practices to provide clarity of roles, efficiency of operation, and for the more prepared, have tested these best practices to prove to themselves that they are prepared for what’s next.
Knowing that not all organizations have this degree of security maturity and preparedness, we gathered a couple of subject matter experts together to discuss 5 areas of time-tested best practices that, besides the advanced tools offered by Cisco and others, can help your SOC (or small security team) yield actionable insights and guide you faster, and with more confidence, toward the outcomes you want.
In this webinar you will hear practical advice from Cisco technical marketing and a representative from our award winning Talos Threat Intelligence group, the same group who have created and are maintaining breach defense in partnership with Fortune 500 Security Operating Centers (SOC) around the globe.
You can expect to hear our 5 Best Practices recommendations on the following topics;
Check out our webinar to find out how you can become more security resilient and be better prepared for what’s next.
We’d love to hear what you think. Ask a Question, Comment Below, and Stay Connected with Cisco Secure on social!
Cisco Secure Social Channels
Today we’re examining some of the revelations in the Q3 Cisco Talos Incident Response Trends Report. This document is an anonymized look at of all the engagements that the Cisco Talos Incident Response team have been involved in over the previous three months. It also features threat intelligence from our team of researchers and analysts.
To start, take a watch of this episode of ThreatWise TV which explores how these trends have evolved since the previous quarter. Our guests also talk about incidents and cyber-attacks that they themselves have consulted on recently, including a particularly interesting insider threat case.
Ransomware returned as the top threat this quarter, after commodity trojans narrowly surpassed ransomware last quarter. Ransomware made up nearly 18 percent of all threats observed, up from 15 percent last quarter. Cisco Talos Incident Response (CTIR) observed high-profile families, such as Vice Society and Hive, as well as the newer family Blast Basta, which first emerged in April of this year.
Also noteworthy is the fact that CTIR saw an equal number in ransomware and pre- ransomware engagements this quarter, totalling nearly 40 percent of threats observed. Pre-ransomware is when we have observed a ransomware attack is about to happen, but the encryption of files has not yet taken place.
Pre-ransomware comprised 18 percent of threats this quarter, up from less than 5 percent previously. While it’s difficult to determine an adversary’s motivations if encryption does not take place, several behavioral characteristics bolster Talos’ confidence that ransomware may likely be the final objective. In these engagements adversaries were observed deploying frameworks such as Cobalt Strike and Mimikatz, alongside numerous enumeration and discovery techniques.
Commodity malware, such as the Qakbot banking trojan, was observed in multiple engagements this quarter. In one engagement, several compromised endpoints were seen communicating with IP addresses associated with Qakbot C2 traffic. This activity coincides with a general resurgence of Qakbot and its delivery of emerging ransomware families and offensive security frameworks that we have not previously observed Qakbot deploy. This comes at a time where competing email-based botnets like Emotet and Trickbot have suffered continued setbacks from law enforcement and tech companies.
Other threats this quarter include infostealers like Redline Stealer and Raccoon Stealer. Redline Stealer was observed across three engagements this quarter, two of which involved ransomware. The malware operators behind Raccoon introduced new functionality to the malware at the end of June, which likely contributed to its increased presence in engagements this quarter.
As infostealers have continued to rank highly in CTIR engagements, let’s explore them in a bit more detail.
Throughout the incidents discussed over the last few quarters, and CTIR engagements in general, information stealing plays a big part of the attackers’ TTPs.
From a high level, infostealers can be used to gain access a variety of sensitive information, such as contact information, financial details, and even intellectual property. The adversaries involved often proceed to exfiltrate this information and may then attempt to sell it in dark web forums, threaten to release it if a ransom isn’t paid, among other things.
While these instances can and do crop up in CTIR engagements, many of the infostealers seen in this space are used for accessing and collecting user credentials. Once an attacker has gained an initial foothold on a system, there are many places within an operating system that they can look for and collect credentials through the practice of credential dumping.
These stolen credentials may be offered up for sale on the dark web, alongside the stolen information mentioned above, but they can also prove to be a key weapon in an attacker’s arsenal. Their usefulness lies in one simple concept—why force your way into a system when you can just log in?
There are several advantages for bad actors that use this approach. Probably the most oblivious of these is that using pre-existing credentials is far more likely to go unnoticed than other more flagrant tactics an attacker can use. If part of the goal of an attack is to remain under the radar, activities carried out by “known users” are less likely to trigger security alerts when compared to tactics such as exploiting vulnerabilities or downloading malware binaries.
Adversaries tend to seek credentials with higher privileges, allowing them further control over the systems they compromise, with those including administrative access being the crown jewels.
User credentials can not only provide an attacker with means to elevate privileges and establish persistence on a system, but also to move laterally through a network. Some credentials, especially those with administrative privileges, can offer access to multiple systems throughout a network. By obtaining them, many more options become available to further an attack.
There are several threats involved in information stealing that appear repeatedly in CTIR engagements over the last few quarters.
Perhaps the most notorious is Mimikatz—a tool used to pull credentials from operating systems. Mimikatz is not malware per-se and can be useful for penetration testing and red team activities. But bad actors leverage it as well, and over the last few quarters CTIR has observed it being used in ransomware-as-a-service attacks, as well as pre-ransomware incidents.
CTIR has also observed Redline Stealer being utilized by adversaries in CTIR engagements across quarters. This infostealer has grown in popularity as a supplementary tool used alongside other malware. On more than one occasion, CTIR has identified stolen credentials on the dark web that claimed to have been obtained via Redline Stealer.
Other information stealers seen across the last few quarters include the Vidar information stealer, Raccoon Stealer, and SolarMaker, all of which have been used to further an adversary’s attacks.
Over the last several months, Talos has seen an increasing number of engagements involving insider threats. In one engagement this quarter, passwords were reset through a management console of a perimeter firewall that a disgruntled employee had access to.
The organization’s team changed all associated passwords but overlooked one administrative account. On the following day, someone logged in using that account, deleted all other accounts and firewall rules, and created one local account, likely to provide persistence.
You’ll hear Alexis Merritt, Incident Response Consultant for Cisco Talos, talk about this more in the ThreatWise TV episode.
To help protect against this threat when an individual leaves an organization, steps like disabling accounts and ensuring that connections to the enterprise remotely through VPN has been removed can be very valuable. Implementing a mechanism to wipe systems, especially for remote employees, is important as well.
For more on this topic, Cisco Secure recently put together a white paper on the Insider Threat Maturity FrameWork.
In several incidents over the last few quarters that involved information stealers, multi-factor authentication (MFA) was not properly implemented by the organizations impacted, providing adversaries an opportunity to infiltrate the networks. MFA tools like Cisco Secure Access by Duo can prevent attackers from successfully gaining access.
And finally, Cisco Advisory CISO Wolfgang Goerlich has created this storytelling video, to help people think about incident response in a new way:
Join the Cisco Talos Incident Response team for a live debrief of the Q3 report on 27th October.
We’d love to hear what you think. Ask a Question, Comment Below, and Stay Connected with Cisco Secure on social!
Cisco Secure Social Channels
Ransomware is one of the most dangerous threats organizations face today, so it’s no wonder that Cisco Talos Incident Response named it the top threat of the year in 2021. These attacks continue to grow and become more advanced, with ransomware attacks growing by 13% over 2021 and a whopping 79% over 2020 so far this year (see Figure 1 below).1 Stopping ransomware attacks isn’t easy either, as adversaries continue to change their techniques and attacks become increasingly sophisticated.
Fortunately, Cisco Secure Endpoint defends your organization from ransomware by delivering security outcomes that enable you to radically simplify your security, maximize your security operations, and achieve peace of mind. Let’s dive deeper into each of these areas to better understand how Secure Endpoint can help your organization defend against ransomware attacks.
Cybersecurity has become increasingly complex due to the numerous security solutions deployed by organizations today. These disparate point-products increase complexity while creating security gaps because they require additional management overhead and typically don’t communicate with each other. This increases the burden on security operations teams since they must spend time managing these different solutions and filling in the gaps between tools rather than using their time to investigate and respond to threats
Cisco takes a very different approach to cybersecurity by looking at ransomware endpoint protection holistically, as part of an integrated security solution. For instance, Secure Endpoint includes built-in extended detection and response (XDR) capabilities from the Cisco SecureX platform that centralizes visibility in a single console, creates high-fidelity detections by correlating threats, and coordinates threat response across your entire security environment. In addition, Secure Endpoint unifies your security stack, simplifies management, and reduces agent fatigue because we’ve consolidated endpoint protection, cloud security, and remote access agents into a single agent.
Learn more about how Secure Endpoint helps you simplify your security while defending your organization from ransomware attacks by watching this video:
One of the common themes we’ve heard from our customers is that their security operations teams are frequently overstretched. The ongoing cybersecurity skills shortage means that security teams have to do more with less and a vast number of security tools to manage along with inefficient security operations processes, often leading to burned-out security teams.
Cisco addresses these challenges by allowing you to get the most out of your security operations. For example, you can accelerate investigation and incident response with valuable vulnerability context since we’ve integrated risk-based vulnerability management from Kenna Security into Secure Endpoint. Moreover, Secure Endpoint includes advanced endpoint detection and response (EDR) capabilities via Orbital Advanced Search and built-in XDR from SecureX that enable you to rapidly detect, respond to, and contain ransomware attacks. Lastly, you can get the security expertise you need with proactive threat hunting from SecureX Threat Hunting, which uses an analyst-centric process to quickly spot hidden ransomware.
Check out how Secure Endpoint helps you maximize your security operations while defending your organization from ransomware attacks by watching this video:
Keeping up with the latest ransomware attacks can seem like an impossible challenge due to Ransomware-as-a-service (RaaS) kits which make it simple and lucrative to target organizations with ransomware and the evolving threat landscape, where attackers are continuously changing their methods to evade detection.
Cisco helps you stay ahead of the newest ransomware attacks and gives you the peace of mind you deserve by taking a comprehensive approach to ransomware endpoint protection. This means ensuring that you never have to go it alone with always-on security operations from Cisco Secure Endpoint Pro, a managed service that uses a team of Cisco security experts to perform the heavy lifting of securing your endpoints. It also includes offering advanced EDR and integrated XDR capabilities such as Orbital and SecureX to speed detection and response, simplify investigations, and quickly contain ransomware attacks before it’s too late. Finally, Secure Endpoint prevents initial ransomware infections with multifaceted prevention techniques such as machine learning, exploit prevention, and behavioral protection as well as actionable threat intelligence from the Cisco Talos research team.
Learn more about how Secure Endpoint helps you achieve peace of mind while defending your organization from ransomware attacks by watching this video:
All these capabilities in Cisco Secure Endpoint enable you to defend against ransomware attacks from compromising your endpoints while ensuring you stay resilient against threats. For more information on how Secure Endpoint can defend your organization from ransomware attacks, please watch the Cisco Secure Endpoint Ransomware Series.
1 BlackFog The State of Ransomware in 2022: https://www.blackfog.com/the-state-of-ransomware-in-2022
We’d love to hear what you think. Ask a Question, Comment Below, and Stay Connected with Cisco Secure on social!
Cisco Secure Social Channels
FreshRSS 