In our final part of Cisco’s 68 page 2018 Annual Cyber Security Report, we summarise the key findings and highlight the main takeaways contained in the report.
While most of the information is already known, put in context it gives a thorough view of the changing landscape and importantly identifies some of the steps that Information Security teams could take to mitigate the growing risk.
The reports highlights include;
- Self-propagating ransomware is a growing trend
- Legitimate cloud platforms are increasingly being exploited for cyber attacks
- Cyber attackers are exploiting gaps in security coverage as organisations move to the cloud
- Lack of skilled cyber security staff is a growing problem
- Security is more effective when policies governing technology, processes and people are synced
- Scalable cloud security, advanced endpoint protection and threat intelligence can be deployed to reduce the cyber threat risk
According to the Cisco report, cyber attackers are amassing their techniques and capabilities at an unprecedented scale.
Ransomware is the most profitable form of malware and has evolved into self-propagating network based cryptoworms as witnessed by Nyetya
and WannaCry. These ransomware variants took down whole regions and
sectors of infrastructure such as the Ukraine and the NHS.
Cyber attackers are weaponizing the cloud and using legitimate cloud services from well known vendors such as Google, Amazon, Twitter to host and conduct malware attacks. They are in fact capitalising on the benefits of cloud platforms such as security, agility, scalability and good reputation, oftentimes repurposing their sites before they are detected.