“US authorities on Friday said they had seized websites used to sell cybercriminals malware called “Warzone RAT” that could be used to steal data from victims´ computers.” (Reuters, February 9th, 2024)
“UN experts investigate 58 cyberattacks worth §3 bln by North Korea.” (Reuters, February 8th, 2024)
Comcast, a cable television, and internet provider experienced a massive data breach that exposed nearly 36 million U.S. Xfinity accounts after cyberattackers broke into its systems in mid-October 2023 by exploiting a vulnerability in Citrix software.
A poll by TUEV Germany in 2022 states that about 11% of all companies in Germany have been affected by an IT security incident. As “security incident” the TUEV defines a successful cyber-attack, Sabotage or Hardware theft. 42% of these companies had to face financial losses through these acts as services for clients or production had been affected. An estimated 200 billion Euros of damage occurred in 2022. In 2023 about 31% of businesses had experienced at least once a cyber-attack.
The president of the German TUEV states attacks will increase. Criminal hackers as well as governmental and State members try to get sensitive data, to extort money or to sabotage.
There are lists with the monthly cyber attacks and security problems and their damage worldwide every year. In January 2024 the 10 attacks breaching the record cover all kinds of companies and countries, from the Far Eastern Research Centre for Space and Hydrometeorology and an International Business School in Russia, to the Public Health Ministry´s Immunization Centre in Thailand to Telekom Malaysa, LoanDepot in USA, the German Chamber of crafts (HWK), Transdev Germany, a local operator of regional trains and many more.
The list is endless, cyber-attacks are becoming commonplace, and cyber security is one of the big challenges of our times.
What is a cyber-attack?
Cyber-attacks are malicious attempts to access, alter, delete, destroy, or steal data, or to disrupt digital life in general. The attacks can target individuals, organizations, and governments.
They are carried out by individuals or groups using various methods such as malware, phishing, ransomware, Denials of Service (DoS) attacks, and exploitation of software vulnerabilities:
- Malware
This is a broad category that includes viruses, worms, trojans, ransomware and spyware. Viruses, worms and trojans all differ in their behaviour and distribution methods. Viruses attach to a legitimate program or file in order to spread from one computer to another. Once it affects a computer it can perform malicious actions, such as damaging the system´s software, corrupting files, or stealing information. Viruses require some form of human action to replicate, such as running an infected program or opening a file.
Worms are similar to viruses in their malicious intent but differ in that they can replicate and spread automatically without human interaction. They exploit vulnerabilities in software or operating systems or use trickery via email or instant messaging to spread themselves to other computers. Because of their ability to spread rapidly, worms can cause widespread damage, such as consuming bandwidth, deleting files, or installing backdoors for future access.
Trojans (Trojan Horses) are deceptive software that appears legitimate or beneficial but, once executed, performs hidden, malicious actions. Unlike viruses and worms, Trojans do not replicate themselves, but they can act as a backdoor for attackers to gain access to the system or to introduce other malicious software. Trojans can be used for spying, stealing data, creating botnets, or remotely controlling the infected computer.
Viruses, Trojans, and Worms are among the oldest forms of cyber threats and continue to evolve. Protecting against them involves antivirus, anti-malware software, firewalls, and the practice of safe computing habits, such as not downloading or opening files from unknown sources.
- Phishing
A deceptive practice where attackers send fraudulent messages, usually emails, designed to trick individuals into revealing sensitive information, such as passwords and credit card numbers.
- Ransomware
A type of malware that encrypts the victim´s files, with the attacker demanding payment for the decryption key. It can affect individuals, businesses, and government agencies.
- Denial of Service (DoS) and Distributed Denial of Service (DDoS) Attacks
These attacks aim to make a website or network resource unavailable to its intended users by overwhelming it with a flood of traffic.
- Man-in-the-Middle (MitM) attacks
This occurs when attackers intercept and possibly alter the communication between two parties who believe they are directly communicating with each other.
- SQL Injection
By exploiting vulnerabilities in a website´s database management software, attackers can manipulate a site to gain unauthorized access to data, such as customer information. It is a code injection technique that may destroy your database and is one of the most common web hacking techniques.
- Zero-Day Exploit
Zero-Day Exploit is the exploitation of a software vulnerability on the same day that the vulnerability becomes known, before a patch or solution is implemented. It is a cyberattack vector that takes advantage of an unknown or yet unaddressed security flaw in computer software, hardware, or firmware.
- Cross-Site Scripting (XSS)
Cross-Site Scripting attacks are a type of injection, in which malicious scripts are injected into otherwise benign and trusted websites. XSS attacks occur when an attacker uses a web application to send a malicious code, generally in form of a browser side script, to a different end user.
They are very common as easy to introduce but hard to discover and fix.
- Credential Stuffing
Attackers use stolen account credentials (username and passwords) obtained from a breach on one service to gain unauthorized access to accounts on another service, exploiting the fact that people often reuse passwords.
10. Advanced Persistent Threats (APTs)
These are prolonged and targeted cyberattacks in which an attacker infiltrates a network and remains undetected for a long period of time, often with the goal of stealing highly sensitive data rather than causing damage to the target organization´s network.
Each of these attack types requires specific strategies for defence and mitigation, underscoring the importance of robust cybersecurity measures and constant vigilance in our digital age.
To avoid Cyber Attack Risks:
- Use Antivirus and Anti-Malware Software
Install reputable antivirus and anti-malware solutions on your devices. Regularly update these programs to detect and remove malicious software.
- Apply Software Updates and Patches
Regularly update your operating system, browser, and all software to close security vulnerabilities that could be exploited by attackers.
Raise awareness of the risks associated with phishing, social engineering attacks, and unsafe online behaviors. Training should include recognizing suspicious emails, links, and the importance of never sharing personal or sensitive information. People are often not aware.
- Implement strong password policies
Use strong, unique passwords for different accounts. Consider using a password manager and enable two factor authentication (2FA) whenever possible.
Use firewalls to block unauthorized access to your network. Secure your Wi-Fi Networks and consider using VPNs (Virtual Private Networks) for secure remote access.
Regularly back up important data to secure locations, such as an external hard drive or cloud storage. In case of ransomware or data corruption a backup helps to recover data.
- Limit User access and Privileges
Implement the principle of least privilege, ensuring users have only the access they need to perform their tasks. This can minimize the potential impact of an attack.
- Monitor Systems and Networks
Use intrusion detection systems (IDS) and intrusion prevention systems (IPS) to monitor for suspicious activity and potential threats.
Repairing damage after an attack
Once you realize you are infected you should immediately isolate infected systems. Disconnect infected devices from the network to prevent the spread of malware.
Identify and remove malware. In severe cases, you may have to reinstall the operating system.
Restore from your backups.
Update regularly and patch systems.
Change passwords for all affected accounts and systems, especially if there is evidence that login credentials were compromised.
Conduct a security audit after having addressed the immediate issues. Try to understand how the attack has happened. Use this information to strengthen security measures and prevent future incidents.
Notify affected parties, individuals if personal data was compromised and also regulatory authorities, following legal and regulatory requirements.
Implementing a layered security strategy and maintaining vigilance are the key to protecting against cyber threats. It is important to stay informed about the latest cyber security trends and threats as criminal hackers continuously invent new and more sophisticated strategies. Ensuring cyber security has emerged as a paramount picture to protect data from online threats and unauthorized intrusions.
To elevate expertise through upskilling and the right hire for your company is crucial to stay safe and protected.
Cybersecurity and Artificial Intelligence
The landscape of cybersecurity and cyberattacks has been significantly influenced by advancements in artificial intelligence AI.
Threat detection and response in real time have been improved through machine – and deep learning. AI can analyse vast amounts of data to identify patterns and anomalies that may indicate a cyber threat.
AI enables the automation of security systems. Many tasks as monitoring network traffic, analysing security logs, and responding to certain types of incidents without human intervention are automated and improve efficiency and reduce the time to mitigate threats.
AI algorithms have become adept at detecting phishing attempts that might elude traditional detection methods by analysing the content and metadata of emails and web pages for suspicious characteristics.
One progress of AI is the capacity of predictive analysis. By using AI to analyse trends and patterns in data, organizations can predict potential security threats and vulnerabilities before they are exploited, allowing for proactive rather than reactive security measures.
In addition, AI can tailor security protocols and measures to the specific needs and behaviour patterns of an organization, providing a more dynamic and effective defence mechanism.
On the other hand, cyber-attacks have evolved through AI. Cyber attackers use AI to create more sophisticated malware that learns from the environment. For example, polymorphic malware that can change its code to avoid signature-based detection.
There are automated attacks that make it easier to launch large-scale campaigns like in phishing and brute force attacks.
Deepfakes (highly realistic and convincing fake audio and video) have enhanced social engineering attacks to manipulate victims, divulge sensitive information or make unauthorized transactions.
AI has contributed to develop evasion techniques, malware that can automatically modify itself to evade detection by AI driven security tools, creating a continuous cycle of adaption between cyber defences and attacks.
AI also helps to target attacks by analysing a vast amount of data to identify individuals, organizations, or systems.
Artificial Intelligence has a dual-edged nature. It has a constructive as it has a destructive potential. The complete overview of how this potential is applied in practice is still missing.
Humans will make the decision of how to use this AI tool and how to implement ethics and a normative guideline.
Companies need skilled employees to properly implement strategies and resolve problems and challenges, but also to train others to be alert and anticipate severe attacks.
Share Your Thoughts
Your feedback is a vital part of our continuous improvement, and we look forward to hearing from you!