Why Is Cyber Security A Vital Concern For KSA?

Previously, more than 90% of Saudi revenues are the oil derived. But KSA has launched a robust and ambitious transformation plan under the leadership of crown prince Mohammed Bin Salman.

The purpose of this plan is to decrease the kingdom’s reliance on oil. The crown prince has laid ambitious plans to expand industries ranging from information technology to tourism and health care.

Thus, we see technology evolving here at a faster rate than ever before. With technological advancement comes the increasingly changing threat landscape.

Therefore, cyber security is an incredibly essential and widely debatable concept here.  It is vital for protecting personal, company and client’s data from malicious intents.

Without employing the right security procedures in place, you must wait for the time so that you become a victim of cybercrime. Fortunately, security consulting KSA offers you multiple options to keep your personal and business data secure.

Multiple reasons reinforce the stance that cyber security is a growing concern for the IT industry:

1) Cyber-attacks are on the rise

Cyber frequency is continuously on the rise. The threat landscape is evolving rapidly than ever before.

Therefore, it is crucial for the government and individual businesses to invest wholeheartedly in a security strategy. That involves prevention, detection, mitigation and response plan to cater to the evolving threats.

Only by employing these security means you can save your personal and professional data from threats and malicious cyber-criminals.

2) Cyber-attacks are becoming more sophisticated

Cyber attacks today are becoming intricate than ever before. And also they are significantly more devastating in consequences.

Here, security consulting firms in KSA plays its vital role.

While the cyber threats will undoubtedly grow and become more costly, the IT industry must adopt appropriate security procedures to prevent loss of information and revenue.

3) Companies are at greater vulnerability

Although the security industry is also evolving to keep pace with the growing threats, the companies are at higher risk.

Advanced and convenient technologies support the notion that why companies must adopt appropriate safety measures. By acknowledging natural vulnerabilities brought by technological advancement, we can better prepare ourselves to avoid, deter and minimise these risks.

In worst cases, you must have a well thought out plan to set into motion so that you can potentially minimise the amount of damage brought to your networks in particular and company in general.

Final Words!

Simply put, why cyber security is vital in a setting like KSA that is gradually becoming technologically advanced is self-evident.

Considering this makes a strong case for security consulting KSA to devise a response plan as the security breaches are inevitable. In that way, you can not only prevent a cyber attack from occurring but also manages the impacts if it has already happened.

See Also:

Advertisements

How To Detect And Prevent Crypto Mining Malware

According to the latest survey regarding cyber threats, more than 93% of data breaches take a minute or less to compromise the integrity of the system. It means that the prevention of security threats have become extremely intricate. It is owing to the reason that detection of any danger which provides less than 100% visibility is targeting blind spots.

It is not limited to the hacking of credit cards and banks only; the threats have now started to target cryptocurrency. There are increasing reports of rapid cryptocurrency mining malware spreading through networks, computing devices and websites.

Cryptocurrency mining malware is referred to malicious software programs which are developed to take over the control of the victim’s computer in order to steal binary currency. The research data from the Kaspersky Lab reveals a surge in crypto-currency mining attacks during the years from 2013- onwards. In 2017 alone, more than 205,000 endpoints have been targeted indicating an increase of 1.65 million endpoints in the first half of the year.

Taking the grave situation into consideration, it has become imperative to ensure adequate security measures in place to detect and prevent malicious scripts running through the cryptocurrency accounts. Therefore, it is essential to implement active security strategies based on SIEM solutions to manage systems 24/7. Not only this, threat intelligence has become a valuable tool to detect and prevent malicious activities by recognising potential risks before actual incidents.

Cryptocurrency Mining Malware and Threat Intelliegence
Detect And Prevent Cryptocurrency Mining Malware

 

See Also:

 

How Can Hackers Re-Attack Your Network?

No business is safe from attacks, viruses, malware & breaches. Hackers & cyber criminals find ways to breach into system even if there is tiny bit option of entering into the network system.

Vulnerability to attacks:

In the field of cyber world, no firm is safe from attacks, viruses, hacks, malware and breaches. Hackers and cyber-criminals find ways to breach into your system even if there is tiny bit option of entering into the network system. Whether you are a small firm or a big enterprise, the threats are always there.

Failure is not a full failure for hackers:

Always remember even if they fail for the first time it is not considered a complete failure. In fact the next time they will attack with more vengeance and in a more forceful way because they got the idea of your infrastructure and how it works in the first attempt. Hackers are always alert to an opening and a weak point in your security system.

Reconstitution of the old arsenal:

According to professional cyber security UK-experts, successful hackers never up they always come up with new and advanced ways to intrigue you. Hackers reconstitute the old arsenal for further more effective and lethal attacks. They are still on the look for a weak point on your end to gain access in your system to damage your data or acquire essential and sensitive information from your system.

Latest malware Shamoon:

Shamoon also known as W32.Disttrack is the most recent malware that attacked some of the famous petrochemical companies in Saudi Arabia. Although, it has got nothing to do to with anything in the United Kingdom hopefully, but it was important to mention it here because of one main reason.

The reappearance of Shamoon:

Shamoon is the best example of a malware that has reconstituted the old arsenal. Its hackers attacked using Shamoon in 2012 in Saudi Arabia and in November 2016. But Shamoon 2 as it is named for its reappearance in 2017.

How it operates:

It was mainly considered to be more dangerous in 2017 as it sweeps away all the data from the hard disks with nothing left in the hard drive. Not even a bit. Shamoon takes the booting system of the computer under its control, and the PCs are unable to boot again. It left thousands of computers in the KSA nonoperative more than 35000 to be precise.

Need to safeguard networks in the United Kingdom:

As the United Kingdom is a much more advanced country, so its dependability on computer resources is also more. Coupling it with the latest downwards trend in assessing online risks of cyber security in the country have fallen more than 14%, demands higher and up to date steps to be taken to make sure all the information and data are safe.

See Also:

Threat Intelligence: A Wise Investment For Your Business

Every business, irrespective of the size, location or industry shares specific core objectives. Such as revenue generation, risk reduction, lowering costs, adherence to local and international regulations, and enhanced employees and client’s satisfaction.

Usually, it is considered that focusing your attention on information security issues negatively impacts your business objectives as threat intelligence incurs additional cost to your business both concerning money and time spent.

So, why should a business worry about its information security? And most importantly, why should they consider smaller subsets of information security. As it turns out, this knowledge will strategically guide your business to achieve your other business goals.

Why your business needs proactive security posture?

For organisations today, cyber criminality, hacktivists, state-sponsored threats and insider threats merge to form an unsafe threat landscape. These threats emphasise the importance of maintaining awareness by effectively employing security tools.

This field is not new in relation to cyber-security. It is helping firms to prioritise their actions about threat perception and analysis.

Over the recent years, firms have tried to introduce security analytics to their security system to monitor and protect against known malicious domains, blacklisted internet addresses and other potential threats.

1) It reduces the risk for your business

Your business adversaries or anyone with malicious intention and capability to create harm are continuously trying to discover new ways to infiltrate your firm’s networks. The knowledge to detect and manage threat gives visibility to such existing or emerging security concerns.

By applying this knowledge, you can minimise the risk of data loss, reduce potential disruption to your business functions and increase compliance with regulations.

As the common saying goes “failure to prepare is preparing to fail” and it seems more appropriate when we discuss cybersecurity and information technology concerns.

2) It prevents financial loss

Security breaches not only cost your firm regarding post-incident restoration and remediation, but they can also incur fines, lawsuits and investigations that will charge your business millions of dollars. When you use essential skills related to cyber security threats as part of your security tools to make informed and timely decisions, you are avoiding system downtime, preventing the threat of your business’ confidential data, saving your intellectual resources and protecting your firm’s reputation and customers from malicious intents of hackers.

3) Maximizes your staff’s efficiency

Threat intelligence makes your security team more efficient and less prone to suffer exhaustion form fatigue in incidents of alerts. Validating and correlating your intelligence strategy yourself is time-consuming and also resource intensive, so professional service providers who automatically generate and integrate this system to your firm’s security infrastructure will lower your security response times and assist your team to focus on other objectives thus, saving your business from additional security costs.

4) It is a wise investment for your firm

Besides freeing up your employees for other business objectives, when you get to know what threats are your most vital business concerns, you can accordingly assign additional investment in your system to address these critical concerns.

Aligning your internal intelligence with external intelligence is a remarkable achievement towards prioritising resources.

For instance, if you observed an increase in alerts from a particular geographical location of your office, you can rightly focus your investment on its solution.

5) Lowers your cost

Put it right, investing in an efficient intelligence system can ultimately reduce your cost and save your business from risks. An advanced defensive posture created by this knowledge helps to mitigate your organisation’s risks. It will lower your business’ response times.

With resources adequately allocated to critical issues, your business can achieve increased outputs in both human capital and financial domains.

Concluding Remarks

In the present digital economy, the grim reality that every firm must accept is that a security breach can occur at any time. Conventional security solutions are no longer enough to protect against new cyber-criminals who are infiltrating your business’ networks.

Firms must understand that a proactive security posture is essential. Thus, investing in security analytics is quickly becoming a requirement for your business.

Its remarkable advantages outweigh the drawbacks of its additional cost and time to your business functionalities in both the short-term and the long-term.

 

See Also:

Reasons behind the Rapid Growth of AI in Cyber Security

By this time, the industry of Artificial Intelligence is seen with great hope to eliminate the perils of technology in order to get augmented benefits.

Artificial Intelligence – AI has been around for a long period of time. However, it is creating a hike in the computing field owing to technologies like voice recognition and speech to text conversions, etc.

Although, these technologies were not considered highly efficient but provided a base for other related fields including cyber security.

Historical Evolution of AI

The initial period of AI saw a great disappointment from significant industry investors. It is because around 1980s, no one was ready to invest in this field. The primary reason was the low delivery of efficient products.

However, time changes and with it changes the fate of many. The same is the case with AI as it has seen a great bulge in investments in recent years. The reason behind this growth is that AI has gained augmented utilization in behavioural analytics to ensure data integrity.

Cyber Security and AI

The cyber industry is continuously in spotlights owing to a breakthrough in technology. However, mismanagement of resources and methods has given rise to the challenges faced by organizations.

Rapid Growth of AI in Cyber Security
Rapid Growth of AI in Cyber Security

It is evident from the fact that cyber world is extremely vulnerable to security threats. Shocking to know, more than 3 billion personal records of identity information have been found public during the year of 2017.

Further, a recent study conducted by 4iQ security firm showed strong suspicions of potential vulnerabilities in personally identifiable information (PII) are inviting many cyber-criminals.

During the research of online websites, black cyber markets and social has indicated around 8.7 billion raw data accounts which are more than 64% of information breaches as compared to the year 2016.

Moreover, statistics show that approximately 2940 records are spoiled successfully in more than 3525 data breaches. Further, around 188,916 FTP servers were targeted to get access to almost 2.1 billion information documents.

So, considering the current state of present-day cyber security, AI helps in strengthening servers to eliminate data threats. The reason behind implementing artificial intelligence is that it works closely with behavioural analytics to estimate data security risks.

It’s not a big surprise for IT professionals that modern cyber security systems come with the integration of intelligent components. These components focus on the user intentions instead of user’s actions.

Artificial Intelligence – Panacea for cyber threats

Newer algorithms of AI work in accordance with Machine Learning (ML) which is adoptive in nature. It means that the technology modifies itself as per usage patterns of the people. It has made the processes of threat identification faster and easier as compared to the past.

Simon Crosby (Co-founder Bromium) states that ML enables frequent response to the risks of cyber security risks. Therefore, it has become easy to identify new versions of malware by improving data protection protocols. This is all because of AI.

Other benefits of using AI algorithms are as give:

Augmented Productivity

Security applications designs using Artificial Intelligence help in making security effective which leads to higher productivity. It has significantly speeded up the transmission of information over the networks with precisions and accuracy.

Efficient Management of Big Data

Another reason why companies are moving towards AI is the big data.  Software solutions based on AI can better manage Big Data stores and cloud computing.  It is done in extremely efficient manner.

Accurate Predictions of System Vulnerabilities

Artificial Intelligence is considered authentic in predicting the field of data security. It is owing to the reasons that predictions are made on the basis of facts and figures. Not only this, AI has the ability to understand behavioural impressions in the cyber world to recognize potential threats.

Artificial Intelligence Is Adaptive

The more awareness about AI is making it more popular among the people. The reason for its fame is the adaptive nature of AI security systems. Further, virtual assistants are normal for organizations, but ML advancements are genuinely ground-breaking.

The specialty of these systems is that they can mimic human brains which increase their ability of behavioural analytics. It significantly helps in threat detection and elimination.

Conclusion – Takes Away

Artificial intelligence is considered one of the most powerful technologies presently. Therefore, security systems based on AI offer increased authenticity and integrity of data.

See Also:

The Importance of Effective UEBA When Countering Insider Threats

While considering all of the problems experienced by today’s IT security team, the most difficult detection of threats is within the organization. Most of the tools are designed to protect the infrastructure from external risks and do not track the threats that are within the firewall.

The insider threat is divided into three main groups. One must be treated by malicious employees. They can try to create a new revenue source by selling valuable data to competitors or creating client databases for new employers.

The second group is called “intruder.” These are the people that have devices infected with malware and used it to connect to corporate IT infrastructure. Some might only attach a USB key to your company’s PC and malware transfers to the PC.

The third group is the called “random informer.” They are employees who accidentally leak confidential emails to others or put a laptop on the back of the taxi. They do not intend to hurt your organization, but your actions end there.

The role of UEBA

More and more organizations are turning to user and entity behavior analytics (UEBA) to protect themselves from internal threats. These tools use the rapid development of artificial intelligence and machine learning and help the security team to overcome the challenges.

Many user and entity behavior analytics tools are available to the organization, but the most effective need is too capable of identifying the internal threats before some suspicious thing happens

Given the most appropriate UEBA tool, the security team must evaluate four key criteria. They are as follows:

 1. The ability to prepare data and associate it with an identity

Data used for monitoring and security response can be obtained from various sources. This includes accessing the control systems and content control filters, network management platforms and firewalls. It is necessary to understand the reliability of these data and to analyze whether they contain signals of unauthorized activity.

Also, these data must be associated with a specific user. Account IDs, such as Active Directory, cloud, e-mail access, etc. All of them must be stored in one place. Therefore, if a user accesses a financing application, accesses Dropbox and downloads a large data file, you can create a database of behavior using the AI ​​function or the machine learning function, but it is possible to associate it with a specific user. This is not useful if you are not associated with a particular user.

2. Use real-time analytics to detect threats

Effective UEBA tools can also support the security team by analyzing large amounts of collected data using analytical functions to determine user behavior in real time.

This tool should be able to identify the threat using statistical analysis and trending learned reliably. This increases the way in which risks are prioritized and helping in minimizes false positives by adjusting the outcome of factors such as risks and contexts.

3. AI / ML to enable hunting and user monitoring

The selected user and entity behavior analytics tool can help organizations stay ahead of unauthorized use and automatically identify the most significant threats for further analysis. As a result, the security team can prevent the many low-level warnings and focus their time and effort on the most serious threats.

Here, the use of the AI / ML cloud tool will bring great benefits to the organization. Because this requires much effort for its configuration before installation, it can reduce installation costs compared to the on-premise deployment.

 4. Strong integration with the underlying data platform

The 4th requirement for an efficient user and entity behavior analytics tool is the capability to differentiate among the simple anomalies and the real threats. This is achieved by using a situation that is provided by evaluating all of the available data and is particularly useful when the tool is intensely incorporated in the data store.

With such integration, security groups can have a single pane that centrally manages the legal visibility of the complete IT infrastructure. It can respond quickly to incidents and provide more effective protection for the organization.

Given these requirements, the security team can be convinced that the best and optimal UEBA tool has been selected for deployment. This ensures effective protection against one of the most complex internal threat sources.

Security Incident Detection & Response – SIEM Based Security Monitoring

Security Incident Detection and Response - SIEM Based Security Monitoring
Security Incident Detection and Response

See Also: