![]() Operations is an attractive target for cyberattacks because core parts of its tech stacks rely on legacy ICS, OT, and IT systems optimized for performance and process control, often overlooking security. Operations is a favorite for cyberattackers looking to disrupt and shut down an organization’s business and supply chain. Often, the softest target yields the largest ransomware payouts. So always be vigilant.” Operations are the attack vector of choiceĪll it takes is one exposed threat surface, or a bypassed perimeter defense system that relies on decades-old technology, for an attacker to shut down supply chains and demand huge ransoms. Kevin Mandia, CEO of Mandiant, said during a “fireside chat” with George Kurtz at CrowdStrike’s Fal.Con event last year, “I’ve been amazed at the ingenuity when someone has six months to plan their attack on your company. Ivanti’s study predicts that this year will be challenging for CISOs and their teams, with increasing ransomware, phishing, software vulnerabilities and DDoS attacks.”Threat actors are increasingly targeting flaws in cyber-hygiene, including legacy vulnerability management processes,” Srinivas Mukkamala, chief product officer at Ivanti, told VentureBeat. The attacked organizations are too dependent on perimeter-based defenses, which the most advanced cyberattackers devise new ways to breach. Studying an organization for months and then attacking it with a “low and slow” strategy to avoid detection, cyberattacks are increasing in sophistication and severity. The balance of power leans towards cyberattackers, including organized cyber-criminal groups and advanced persistent threat (APT) attack groups. The troubling paradox is that ransomware, and more sophisticated attacks, keep succeeding despite these ever-growing cybersecurity and zero-trust budgets. Worldwide spending on information and security risk management will reach a record $261.48 billion in 2026, soaring from $167.86 billion in 2021. Ivanti’s State of Security Preparedness 2023 Report found that 71% of CISOs and security professionals predict their budgets will jump an average of 11% this year. Even with increased cybersecurity spending, breaches will surge in 2023ĬEOs and the boards they work for are correctly seeing cybersecurity spending as a risk containment and management strategy worth investing in. Equally troubling is the fact that dwell times are increasing to nearly nine months. ![]() These variations make it difficult for perimeter-based security systems to detect and stop breach attempts. One of the biggest challenges in stopping data breaches is that different factors can cause them, including human error as well as external attacks. Perimeter defenses’ many failures are often cited by enterprises that have lost millions and even billions of dollars to successful attacks. Breaches: The fallout of failed perimeter defensesīreaches result when cyberattackers find new ways to evade perimeter defenses, allowing them to access networks undetected and infect them with malicious payloads, including ransomware. ![]()
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