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These tools can effectively analyze large quantities of data, allowing hackers to develop even more sophisticated attacks than they could using manual methods. This is a worrisome development considering how challenging it is for the average business to identify cyber risks within its supply chain.Īlways on the lookout for tactical advantages, hackers are also leveraging AI and machine learning to inflict more damage on businesses and individuals. As we’ve seen with the Colonial Pipeline incident in 2021 and again with the Nvidia ransomware attack in 2022, cyber criminals are increasingly weaving cyber extortion schemes into these attacks. Supply chain attacks offer bad actors another effective way to simultaneously reach a huge number of potential victims in one fell swoop, using the third-party technology they trust and rely on to do their daily business. Through this malicious innovation, which takes inspiration from cloud-based subscription services, cyber criminals can propagate cyber extortion schemes on a massive scale and enjoy a continuous stream of passive income. Those novice hackers can then make slight modifications to the kits and launch their own attacks. Whereas bad actors once launched ransomware attacks on their own, they can now outsource their criminal activities to comparatively unskilled hackers by launching paid subscription services featuring ready-made RaaS kits. Take ransomware-as-a-service (RaaS) as an example. Sadly, cyber extortion has evolved alongside the broader cybersecurity landscape, spinning off into several sophisticated variations, each of which represents a serious threat on its own. This kind of attack often halts business productivity and causes serious financial and reputational damage.
Cyber extortion continuesĬyber extortion usually takes place when an attacker breaks into a company’s systems, makes those systems unusable or holds sensitive data hostage, and then demands that the business pay a fee if they want the assault to stop. Given the rise of sophisticated threats like cyber extortion, businesses need to embrace this vigilant stance more now than ever.
With this approach, attackers are far less likely to gain access to all of a company’s resources even if they do manage to slip past its cyber defenses in one area. Zero trust acknowledges the inherent complexity of today’s cybersecurity landscape and, in response, proposes an entirely different strategy for protecting business data and systems.Īccording to the World Economic Forum, zero trust is “a cybersecurity model that shifts how organizations approach security from reliance solely on perimeter defenses to a proactive strategy that allows only known good activity across ecosystems and data pipelines.” This security framework mandates that all users, no matter where they are, be properly authenticated and continuously validated throughout the course of their sessions. Businesses heavily rely on cloud services and often support remote or hybrid workforces, which means it is no longer possible to implement perimeter-based security. Most office networks are now decentralized, scattered across a constellation of endpoints.
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So, if an attacker managed to gain entry, they often had free rein to access nearly anything they wished. The problem with this method was that it assumed anyone who already gotten into the network had permission to be there. Under that old approach, businesses deployed firewalls and other cybersecurity tools to keep bad actors from penetrating their office network environments, which were typically located on site.
Until the arrival of cloud computing and mobile devices, most businesses’ IT teams used a traditional perimeter-based security model to secure critical data and systems. Here’s a look at three major developments in the cyber security landscape – zero trust, cyber extortion, and the new National Security Strategy – and what they mean for businesses today. As cyber criminals develop even more effective cyber attacks to gain or maintain an edge against their intended victims, companies must stay on top of rapidly shifting cyber threats. The cybersecurity landscape is continually evolving, adapting to trends like remote work and incorporating new technologies like AI and machine learning.
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