Spotting Insider Threats | The Cybersecurity Industry is "Burning" | The Cyber Review

September 3, 2021
Written by Farah

Half of businesses can't spot signs of insider cybersecurity threats

There are many businesses and organizations that are struggling to find the signs of insider cybersecurity threats and other cyberattacks. Sometimes it is difficult to prevent insider threats and over half of businesses find it extremely impossible. Businesses need to set strategies to avoid this and figure out something is wrong fast. This involves a lot of files being opened continuously, staff using security control, and saving files to unusual locations. All of these unusual activities are considered to be dangerous for the company because of the companies personal files and data.

Insider threats can be found in different forms like employees who want to take company’s data when they leave for other jobs, or those who are cyber criminals and have been working with other cybercriminals to plan ransomware attacks.

Usually insider threats are formed in a similar pattern to carry out the attack which includes reconnaissance, circumvention, aggregation, obfuscation and exfiltration. A lot of businesses do not have proper cybersecurity practices that's why they struggle to detect insider threats.

Tips to Prevent Insider Threats

  • The Policy of Least Privilege
  • Secure Authentication
  • Employee Awareness
  • Reduce Your Attack Surface

Tips to Detect Insider Threats

User Behavior Analytics-  The best way to detect an insider threat is to monitor user behavior and generate alerts when an activity is spotted.

Permission Changes-  We should look out for permission changes because they could lead to users being granted unnecessary access to sensitive data, which only increases potential attack surface.

The cybersecurity industry is "burning"

Why everything feels like it’s on fire

Even though there has been an increase in cyberattacks but that does not mean there's no progress. Multi-factor authentication (MFA), encryption, and technologies that authorize zero trust can make a real difference. Technology has been advancing rapidly and many tech business strategies are important such as storing massive amounts of data but tha also introduces more risk.

A prioritization problem

Prioritizing cybersecurity is needed more than ever and companies should add a cybersecurity department and keep security at the top of mind always. IT leaders are usually focused on digital transformation and customer convenience even if it increases cyberattacks. The two should go hand in hand.

An impossible game of catch-up

Cybersecurity is a never ending cycle. As the field advances, the technology and date being stored needs to be protected. In the last few years, there have been many advancements within cybersecurity like the use of data analytics for example. Analytics is another tool that is crucial but needs to be protected.

Since the pandemic, cybersecurity founders say that a lot of the money is coming their way, which includes massive deals quicker than ever before, even when they’re not looking for a deal. 

Top 4 targeted industries for cybersecurity:

  • Finance and Insurance
  • Manufacturing
  • Media and Information Communications.
  • Health Care

Proactive vs. Reactive Cybersecurity

A PROACTIVE CYBERSECURITY APPROACH

All companies should have complete cybersecurity measures in place that address security gaps and vulnerabilities in attack surfaces. But sometimes they don't because of underfunded or understaffed teams. Many organizations don't put  money and resources into other areas except cybersecurity 

Some of the ways your organization can take proactive cybersecurity measures:

Evaluate and assess current security protocol-  Every company should review its current cybersecurity protocol and identify areas of weakness which is an essential start of taking a proactive security approach. This helps to protect the company from cyberattacks

All the vulnerabilities should be addressed and act on securing the gaps.

Identify all critical access points-  Critical access points basically means all the doors that could lead cybercriminals to sensitive data, network, systems like account logins, VPN connections.  It is extremely important to take a look at all the doors from which an employee, customer could access those critical systems. 

Secure all critical access- The best way to secure systems that contain sensitive and critical data is by restricting access to that data. The company should know who has access to these critical assets and restrict access to only what a user needs.

Monitor user activity

All companies should monitor all user activity and keep track of the activities happening. 

Businesses should review user access rights on a regular basis because it is the best practice for cybersecurity.