Our industry news section covers a broad range of news items of particular relevance to the cybersecurity industry and managed service providers (MSPs).
This section also included details of the latest white papers and research studies relating to malware, ransomware, phishing and data breaches. These articles provide some insight into the general state of cybersecurity, the industries currently most heavily targeted by cybercriminals, and figures and statistics for your own reports.
Hackers and scammers conduct massive spam campaigns designed to infect as many computers as possible. These attacks are random, using email addresses stolen in large data breaches such as the cyberattacks on LinkedIn, MySpace, Twitter and Yahoo. However, highly targeted attacks are increasing in frequency, with campaigns geared to specific industries. These industry-specific cyberattacks and spam and malware campaigns are detailed in this section, along with possible mitigations for reducing the risk of a successful attack.
This category is therefore of relevance to organizations in the education, healthcare, and financial services industries – the most common attacked industries according to recent security reports.
The articles contain information about current campaigns, spam email identifiers and details of the social engineering tactics used to fool end users and gain access to business networks. By following the advice in these articles, it may be possible to prevent similar attacks on your organization.
TitanHQ has announced it has entered not a new partnership with one of the United Kingdom’s leading Managed Service Providers (MSPs), OneStopIT.
For more than 16 years, OneStopIT has been helping small to medium sized businesses (SMBs) implement enterprise-class technology solutions. The Edinburgh-based MSP is focused on providing process-driven IT solutions to growing organizations at an affordable price.
Through the company’s dealing with UK businesses it has become clear that one of the biggest problem areas is phishing. Phishing attacks on UK businesses are now occurring at record pace and those attacks are costing businesses dearly.
UK businesses need advanced, enterprise-level cybersecurity solutions, but at an affordable SMB-friendly price. To improve protection against phishing and malware attacks, OneStopIT turned to TitanHQ.
TitanHQ has developed powerful cloud-based solutions for the SMB marketplace that incorporate enterprise-grade security features, but at a price that is affordable for even the smallest business. These solutions have been developed to be delivered by MSPs and can be easily incorporated into MSP auto-provisioning, billing, and management systems.
Under the new partnership, OneStopIT will be offering its customers SpamTItan-powered advanced email security and anti-phishing protection, WebTitan-powered DNS-based web filtering, and an ArcTitan-powered email archiving service.
All three solutions have been seamlessly integrated into OneStopIT’s security stack and are now being used to better protect its customers from today’s advanced and sophisticated cyber threats.
“ The proliferation of phishing threats across Office 365 is a real problem for SME’s in the UK and we’re partnering with a key vendor in this space to protect our customers and also give them the OneStopIT premium service they are used to,” said Ally Hollins-Kirk, CEO of OneStopIT.
Email archiving solutions have been developed by many cloud service providers, but prices can vary considerably between products, even between products that include a virtually identical set of features. Finding the best value email archiving solution for your business can be a challenge.
While the difference in price may only be a dollar or two per user, when multiplied by the number of employees in the organization the cost difference can be of the order of several thousand dollars a year.
To help you get the best possible price on email archiving, we have created a 2019 email archiving price comparison grid. The grid includes some of the leading names in email archiving and gives a typical price per user per month and per year, along with the total annual cost for a business with 100 mailboxes. The prices were taken from price lists available on 04/05/2018.
As you can see from the grid, TitanHQ’s email archiving solution, ArcTitan, is very competitively priced and is an affordable solution for most businesses. Being cloud-based, an email archive is quick and easy to set up and no hardware or software is required.
2019 Email Archiving Costs
Key Features of ArcTitan
100% cloud-based – No hardware or software is required
No limits on numbers or storage space
Virtually unlimited scalability
Enhances Search and Storage functionality of Office 365
Rapid archiving and retrieval – Processes 200 emails a second
Intuitive design ensures easy use by all employees on desktop and mobile
Full encryption of emails at rest and in transit to meet HIPAA obligations
Full audit trail maintained
Remote access to the archive from authorized users from any location or device
Full protection against data loss and mail server outages
Industry-leading customer support
As with all other TitanHQ solutions, ArcTitan is available on a no-obligation free trial. The free trial is for the full product and all product features are available. During the trial, businesses have access to an experienced engineer who will check the configuration and will make recommendations. Technical support is available throughout the trial at no cost.
At the end of the trial, if you are happy with the product you can purchase a license and can continue to use ArcTitan as before. There is no need for any further installations and the same excellent service will seamlessly continue. If you are not happy for any reason, there is no obligation to proceed with a purchase and TitanHQ will wish you the best of luck with your search for an alternative solution.
If you have any questions about ArcTitan, to book a product demonstration, or to sign up for the free trial, contact TitanHQ today.
New figures have been released by the U.S. Financial Crimes Enforcement Network (FinCEN) on 2018 Business Email Compromise attacks. The latest FinCEN report highlighted the pervasiveness of the threat and potential for the attacks to result in serious financial harm.
Business Email Compromise (BEC) attacks are concerned with gaining access to a business email account and using that account to send messages to other individuals in an organization and business contacts. While compromised email accounts can be used for a variety of purposes, with BEC the primary goal is usually to convince an employee to make a fraudulent wire transfer or send sensitive information such as employee W-2 Forms.
Social engineering techniques are used to obtain the credentials of a high-level executive and convince an employee to make a fraudulent transfer. While at face value these scams are simplistic – they involve sending an email that requests a bank transfer be made – the scams are often highly sophisticated.
More than $300 Million a Month Was Lost to 2018 Business Email Compromise Attacks
The FinCEN report shows why these attacks are worth the effort. The average fraudulent transaction value in 2018 was $125,439 and $310 million per month was lost to BEC scams in 2018.
FinCEN received approximately 1,100 suspicious activity reports in 2018 that were attributed to BEC scams. It should be taken into consideration that many businesses are not obliged to report security breaches such as BEC scams, so the total losses will be considerably higher.
BEC attacks are also being conducted far more frequently and losses to the scams have skyrocketed. The 2016 FinCEN report indicates at least $110 million was lost to BEC scams. Losses to BEC scams have increased by 172% increase in just two years.
There has been a marked change in BEC scam tactics over the last two years, which has helped to increase the dollar amount of each fraudulent transaction.
As previously mentioned, the scams involve compromising an email account, which was commonly the email account of the CEO or CFO. The email accounts were used to send wire transfer requests and the average transaction value was $50,272. The 2018 figures show that there has been a shift from attacks that impersonate the CEO to attacks impersonating contractors and other vendors.
If a vendor’s email account is compromised, fake invoices can be sent to all companies that the vendor works for. Further, the typical amount of a vendor invoice is substantially higher than the transfer amounts typically requested by CEOs.
FinCEN’s figures show the average fake invoice transaction value was $125,439 for fake invoices from contractors, which is $75,167 more than the typical CEO email request.
FinCEN’s 2017 figures indicate 33% of BEC attacks involved impersonation of the CEO, but the percentage had fallen to just 12% in 2018. 39% of all BEC attacks in 2018 involved the impersonation of an outside entity such as a business associate, contractor, or vendor.
How to Improve Defenses Against BEC Attacks
With attacks increasing and losses spiraling, businesses need to take steps to reduce risk by improving email security and providing further training to employees. Employees should be made aware of the risk of BEC attacks, told about the latest threats, and should be taught how to identify a scam email. Policies should also be developed and implemented which require verification of all emailed transfer requests and bank account changes.
Training and policies will help to create a strong last line of defense, but the primary goal should be blocking the scam emails at the email gateway to ensure end users are not tested. That requires a powerful anti-spam and anti-phishing solution such as SpamTitan. SpamTitan blocks more than 99.97% of all spam and malicious emails to keep business inboxes threat free.
For further information on SpamTitan and other cybersecurity protections to reduce the risk of phishing and BEC attacks, contact TitanHQ today.
There are several common misconceptions about email archiving which are preventing many businesses from creating an email archive. It is often only when email data needs to be recovered that businesses realize just how important an email archive is. Of course, by then it is too late.
In this post we debunk some of the email archiving myths and explain why email archiving is now essential for almost all businesses, regardless of industry or business size.
Misconception #1: An Email Archive is the Same as a Backup
The recent increase in ransomware attacks has highlighted the importance of creating backups of all critical data. An email backup contains all messages in a mailbox. If anything happens to that mailbox – it is encrypted by ransomware for instance – all email data can be recovered.
An email archive could serve the same purpose but differs in some very important ways. An email archive serves as a depository for all emails that are no longer required but need to be retained to meet state and federal data retention requirements.
If an email, group of emails, needs to be recovered, the messages can be located and restored very quickly. That is because the archive includes email metadata and the archive is searchable. A backup is intended for mass email recovery. Finding individual emails in a backup can be incredibly time consuming, costly, and difficult.
You can restore emails from a backup following a ransomware attack, but for eDiscovery and dealing with customer complaints, an email archive is required.
Misconception #2: Email Archives are Only Necessary in Highly Regulated Industries
The Sarbanes-Oxley Act of 2002 (SOX) requires organizations maintain an audit trail for 7 years, which includes email communications. However, it is not only organizations covered by SOX that must retain emails. Several states have enacted laws that require email data to be retained for a set period of time.
Further, no company is immune to litigation. The Federal Rules of Civil Procedure require email communications to be produced as part of eDiscovery. Those communications must be found and provided quickly, which is only possible with an email archive. The failure to produce emails can result in significant financial penalties.
Misconception #3: Email Archives Must be Stored On-Premises
There is no law that states email archives must be housed on-premises, but many companies mistakenly believe that this is necessary. They then purchase expensive hardware and software to create an on-premises email archive. This is often out of security concerns as IT departments feel they can better protect email data in house.
However, cloud service providers offer the same if not greater security, and their solutions require no hardware purchases nor ongoing hardware and software maintenance. Businesses are therefore paying unnecessarily high prices for their email archive.
There is no need to purchase expensive hardware to store sizable email archives and resources do not need to be made available to maintain the hardware and software. On-premises systems also tend to lack flexibility, whereas cloud-based email archives are extremely scalable. When greater capacity is required, additional storage space is always available.
Many businesses only retain emails for a limited period of time, such as 90 days, after which messages are permanently deleted. There is a common view that If an email is deleted, it cannot cause any harm. However, if a complaint is received or emails need to be produced for eDiscovery, the failure to produce those messages could see a company liable for data destruction.
If you want to meet compliance requirements, reduce costs, and be able to recover email data instantly, an email archive is required.
To find out more about the benefits of email archiving and for further information on ArcTitan. Contact TitanHQ today.
The past few months have seen an increase in reported cyberattacks on ships. The rise in cyberattacks on the commercial shipping network has prompted the U.S. Coast Guard to issue a warning.
This is the second such warning to be issued by the U.S. Coast Guard in the past three months. Together with a recent shipping industry report, they confirm that shipping companies and commercial vessels are being targeted by hackers and many of those attacks are succeeding.
Ships are now largely controlled by computers and mouse clicks and there is increasing reliance on electronic navigation systems. It is now common for operational technology and information technology to be linked together via onboard networks and certain systems are now connected to the internet. When devices are networked and connect to the Internet, hackers are given the opportunity to attack.
The cyberattack that prompted the latest warning occurred in February 2019. A ship bound for the Port of New York started experiencing severe disruption to its shipboard network. Vessel control systems were not affected, although the functionality of the network was severely degraded. The U.S. Coast Guard led a forensic investigation which revealed malware had been installed on the network.
The ship was known to be vulnerable to attack so the crew did not typically use the network for personal matters such as email. The network was only used for business purposes, which involved contact with third parties to maintain charts, manage cargo data, and communicate with shore-side facilities. It is currently unclear how the malware was installed, but what is clear is that cybersecurity defenses were nowhere near sufficient.
The advice from the Coast Guard is to implement network segmentation to limit the harm that can be caused in the event of an attack. Network profiles should be created for each user, and the rule of least privilege should be applied. Anti-virus software should be installed, all software should be kept up to date, and care should be taken connecting any external device to a networked computer due to the risk of malware.
If hackers can gain access to the network, they can steal sensitive data, cause serious disruption to internal networks, and systems could even be rendered inoperable. An extortion attack involving ransomware, for instance, could leave shipping firms with no alternative other than to pay up.
These attacks are the latest in a string of cyberattacks on commercial vessels. In December 2018, 21 shipping associations and industry groups produced a set of guidelines on cybersecurity onboard ships to help commercial vessel operators improve security, secure their networks, and make it difficult for hackers.
The report details recent USB-based attacks, RDP-based attacks, phishing attacks, ransomware attacks, and attacks involving malware, viruses, and worms. The attacks have caused major delays to shipping firms, financial losses, and in some cases have jeopardized safety.
Just as captains must make sure that access to the engine room is restricted, the same should be the case for computer systems. If systems are not secured, cyberattacks are inevitable.
TitanHQ can help shipping firms protect against email and web-based attacks and block the two main vectors that are used to attack commercial vessels.
Contact the team today to ask about SpamTitan and WebTitan: TitanHQ’s award winning antispam and DNS filtering solutions.
A serious outage has affected the spam filtering service, OnlyMyEmail, leaving customers without spam protection for several days.
The spam filtering service, also known as MXDefender, suddenly stopped working on Thursday and customers have been left in the dark about what has happened. Many have taken to online forums and social media to find answers but have only found hundreds of other customers asking the same questions. Customers have not been able to submit support tickets, the website is down, and the phone lines have been jammed.
MSPs know all too well that their clients are vulnerable to attack while their spam filtering service is down. Without the filter in place, spam, phishing, and malware-laced emails can flood into inboxes. All it takes is for one employee to respond to one of those messages for a costly breach to occur.
Several MSPs on forum such as Spiceworks have expressed their frustration about the prolonged outage and have already had to move their clients to alternative service providers to ensure they are protected until the issues are resolved. Two large MSPs have already switched to SpamTitan as a result of the OnlyMyEmail outage.
TitanHQ has received many enquiries about SpamTitan since the OnlyMyEmail service went down, as customers seek an alternative solution to protect their inboxes from email threats and spam. Many have given up waiting for an answer from OnlyMyEmail.
If you are a managed service provider or business that has been affected by the outage, it is important to implement a replacement spam filtering solution as soon as possible. The failure to do so will leave you extremely vulnerable to attack.
TitanHQ has developed an award-winning anti-spam and anti-phishing solution that has been shown to block more than 99.9% of spam in independent tests.
The 2019 G2 Crowd Report on Email Security Gateways named SpamTitan the leader for customer satisfaction. 97% of users awarded the product 4 or 5 stars and 92% of users would recommend the product to others.
TitanHQ ranked top for quality of support with an overall score of 94% – 10% more than the average score for support. SpamTitan clearly outperformed products from likes of Cisco, Barracuda, Mimecast, and SolarWinds.
SpamTitan is available as a cloud-based solution or gateway solution running on a virtual machine on your own hardware. MSPs have a range of hosting options and the solution can be easily integrated into existing MSP systems using TitanHQ’s APIs.
If you want an easy to implement anti-spam solution that provides enterprise-class protection at an affordable SMB price, SpamTitan is the ideal choice.
Sign up for the free trial and you can be protected in minutes. To ensure no time is wasted, contact the TitanHQ team today by telephone.
A phishing campaign targeting university employees has already claimed several victims and has seen many email accounts compromised.
Emails are tailored to the institution and use a range of social engineering tricks to convince employees to click a link in the email and enter their Office 365 login credentials to access online content. The credentials are captured and used to gain access to university email accounts.
Once credentials have been obtained, a treasure trove of sensitive data can be plundered. Emails and email attachments contain personally identifiable information of staff, students, and parents, which can be used to commit identity theft and other fraudulent acts. Proprietary information can be obtained, along with details of contacts. The compromised accounts can also be used to conduct further phishing attacks on the university and externally on business contacts and other educational institutions.
Campaigns convincing users to install malware can give the attackers full control of university computers and a foothold to move laterally throughout the network. Access to university email accounts and backdoors in university computers are sold on the dark web, along with a range of stolen and forged university documents.
The healthcare industry is heavily targeted by cybercriminals due to the high value of health data. Health data is versatile and can be used for a multitude of fraudulent purposes. It also has a long-life span and can be used for much longer than financial information. Cybercriminals are also now realizing the potential rewards from attacks on universities. Student data is similarly versatile, and the wealth of data stored in university email accounts provides plenty of opportunities for profit.
Oregon State University is the latest university to announce it is the victim of a phishing attack. The Office 365 email account of an employee was compromised, through which the attacker had access to the records of 636 students. The account was used to send phishing emails to other entities throughout the United States.
Graceland University in Iowa and Southern Missouri State University recently announced that several email accounts had been compromised in recent phishing attacks, which would have allowed access to be gained to sensitive information.
It is unclear whether this is a single campaign or part of a wave of separate attacks on universities. What is clear is the attacks are increasing, so universities should take steps to improve email and web security.
Employees are being targeted so it is important to ensure that staff members are taught email security best practices and are shown how to identify phishing emails.
Technological defenses can also be improved to prevent malicious messages from arriving in Office 365 inboxes. As an additional protection, a DNS filter can be used to prevent users from accessing phishing websites and other known malicious web pages.
TitanHQ has developed powerful anti-phishing and anti-malware solutions for universities that help them protect against email and web-based attacks.
SpamTitan is a powerful anti-spam solution that incorporates DMARC authentication and sandboxing to provide superior protection against impersonation and malware attacks for Office 365 users.
WebTitan is a DNS filtering solution that prevents users from accessing known malicious websites, such as those used for phishing and distributing malware.
To improve Office 365 phishing defenses and better protect your email accounts and networks from malware attacks, contact TitanHQ for further information on these two powerful cybersecurity solutions for educational institutions.
The largest managed service provider conference of 2019 will be taking place in San Diego on 17-19 June.
DattoCon is the premier conference for MSPs, bringing together a plethora of vendors and industry experts to help MSPs learn business building secrets, gain invaluable product insights, and learn technical best practices. The networking and learning opportunities at DattoCon are second to none. DattoCon19 is certainly an event not to be missed.
TitanHQ is a Datto Select Vendor and a proud sponsor of DattoCon19. TitanHQ has developed cybersecurity solutions to exactly meet the needs of MSPs. All solutions area easy to implement and maintain and can be integrated into MSP’s existing systems via a suite of APIs. TitanHQ provides the web security layer to Datto DNA and D200 boxes and is the only third-party security company trusted to work with Datto.
The TitanHQ team will be on hand at the conference to discuss your email and web security needs and will offer practical advice to help you better serve the needs of your customers and get the very most out of TitanHQ solutions.
Visitors to the TitanHQ stand (booth 23) will have the opportunity to learn about TitanHQ’s exclusive TitanShield Program for MSPs. Through the TitanShield program, members have access to SpamTitan email security and phishing protection; the WebTitan DNS filter; and the ArcTitan email archiving solution. Around 2,000 MSPs have already signed up to the program and are using TitanHQ solutions to protect their clients.
If you currently use Cisco Umbrella to provide web and malware protection, you may be paying far more for security than is necessary and could well be struggling with product support. Be sure to speak to the team about the savings from switching and the support provided by TitanHQ. A visit will also be useful for MSPs that are currently supporting Office 365, as the team will explain how spam, phishing and malware protection can be enhanced.
TitanHQ Executive Vice President-Strategic Alliances, Rocco Donnino, will be on the panel for the new, Datto Select Avendors event on Monday. The event runs from 3PM to 4PM and brings together experts from several select companies who will help solve some of the epic problems faced by MSPs today.
Additional Benefits at DattoCon19
New TitanHQ customers benefit from special show pricing.
A daily raffle for a free bottle of vintage Irish whiskey.
Two DattoCon19 parties: TitanHQ and BVOIP are sponsoring a GasLamp District Takeover on Monday 6/17 and Wed, 6/19.
DattoCon19 will be taking place in San Diego, California on June 17-19, 2019
If you are not yet registered for the event you can do so here.
TitanHQ will be at booth 23
The global user review website, G2, is the go-to place to find reviews of business software and services. Unlike many other review websites, G2 gives users of the software and services the opportunity to provide their feedback on how the products perform. Millions of businesses use the website to make smarter buying decisions and select the best products and services to meet their needs.
This year, for the first time, G2 has launched a new Best Software Companies in EMEA list. To produce the list, G2 used the reviews of more than 66,000 users of the products of more than 900 companies. To be selected as one of the best companies is only possible if users of products and services have given their endorsement.
“G2’s ever-expanding breadth and depth of product, review, and traffic coverage provide over 5 million data points to help buyers navigate the complex world of digital transformation”, said G2 CEO Godard Abel. “In our Best Software Companies in EMEA list, we leverage this data to identify the companies our users tell us are best helping them reach their potential”.
TitanHQ has developed a suite of advanced cybersecurity solutions to keep businesses protected from email and web-based threats and help MSPs serving that market effortlessly provide managed cybersecurity services to their clients.
“TitanHQ earned its place on the list thanks to the value our customers place on the uncompromised security and real-time threat detection we provide,” said Ronan Kavanagh, CEO, TitanHQ. “The overwhelmingly positive feedback from on G2 Crowd is indicative of our commitment to ensuring the highest levels of customer success.”
The French Value Added Distributor (VAD) Exer has partnered with TitanHQ and will start offering its email security, DNS filtering, and email archiving solutions to French VARs.
Exer specializes in network security, mobile security, and managed cybersecurity services and currently works with over 600 French VARs and integrators helping them improve security for their clients.
TitanHQ is a leading provider of email security and DNS filtering services to SMBs, and MSPs and VARs serving the SMB market. The company’s award-winning cybersecurity solutions are now used by more than 7,500 businesses and 1,500 MSPs around the world.
TitanHQ is keen to expand its footprint in France and collaboration with Exer will help the company achieve its aims.
“Our advanced threat protection for email and web security was designed to keep businesses productive and information secure. We are pleased to be offering the Exer partner community choice, enhanced functionality and greater overall value,” explained TitanHQ Executive VP, Rocco Donnino.
“Collaboration with TitanHQ is an opportunity to represent a brand internationally recognized on 3 key technologies: Web Content Filtering, Anti-Spam, and Email Archiving. We are eager to propose these security solutions to ours VARs,” explained Exer CEO, Michel Grunspan. “Our regional presence and our expertise will be our strength for asserting the presence of TitanHQ in the French market”
The collaboration will see Exer offer all three TitanHQ solutions to French VARs: SpamTitan, WebTitan, and ArcTitan.
SpamTitan offers superior protection against all email-based threats and blocked 7 billion spam emails in January 2019. The solution is regularly updated to ensure it continues to protect against the latest email threats. The most recent update saw the incorporation of DMARC and sandboxing to the solution.
WebTitan is a DNS filtering solution that allows businesses to block web-based threats and carefully control the web content that can be accessed by users, both on and off the network. In January, the solution blocked more than 60 million malicious websites to keep businesses protected.
ArcTitan is an email archiving solution that helps businesses meet their compliance requirements. The solution was used to securely archive 10 million emails in January 2019.
French VARs will be able to find out about TitanHQ solutions at Exer’s Tour De France, which commences in Lille on May 23, 2019 at Hameau de la Becque (09:00-13:00).
TitanHQ, the leading provider of spam filtering, web filtering, and email archiving solutions to SMBs and managed service providers (MSPs) has announced a new partner program has been launched: TitanShield.
The aim of the TitanShield Partner Program is to provide MSPs, cloud distributors, OEM partners, Wi-Fi providers, and Technology Alliance partners with all the tools and support they need to start offering TitanHQ solutions to their clients and to provide continued support.
The launch of the new program coincides with TitanHQ’s 20-year anniversary. For the past two decades, TitanHQ has been developing innovative cybersecurity solutions for SMBs and MSPs that serve the SMB market. The company started by developing anti-spam technologies for businesses in Ireland and has since grown into an award-winning global provider of cybersecurity solutions.
Over the course of the past year, TitanHQ has been working closely with partners to make it as easy as possible for them to sell, onboard, deliver, and managed advanced network security solutions directly to their client base. In fact, in the past 9 months, as a result of those efforts, TitanHQ has increased its partner base by 40%.
In addition to providing cutting edge cybersecurity solutions to protect against email and web-based attacks and meet compliance requirements, TitanHQ offers partners flexible pricing models, competitive margins, and a wealth of sales and technical resources to drive revenue growth.
Under the new partner program, all qualified partners will be assigned a dedicated account manager, a support team, and engineers. Partners also benefit from a full range of APIs that will enable them to incorporate TitanHQ products into their backend provisioning and management systems and will be provided with extensive sales enablement and marketing support, including lead generation resources.
“Our new TitanShield partner program allows us to separate partners into their specific areas so that we can make sure they are receiving best practices, simple pricing models and focused information for the markets and customers they serve,” explained TitanHQ Executive VP of Strategic Alliances, Rocco Donnino “Our program takes a unique and strategic approach for our partners and can be customized to fit all business models.”
MSPs and cloud providers who have not yet started offering TitanHQ solutions to their clients can find out more about the TitanShield program by emailing the team at email@example.com
Malware and ransomware attacks are causing major problems for businesses, but the biggest threat in terms of losses are business email compromise scams.
The 2018 Internet Crime Report from the FBI clearly shows how serious the threat of BEC attacks has become. In 2017, reported losses from BEC attacks reached $675 million. In 2018, losses to BEC scams doubled to reach a staggering $1.2 billion.
It is no surprised that so many cybercriminal gangs are conducting BEC attacks. In contrast to many other forms of cybercrime, BEC scams can be extremely profitable and they require little in the way of technical skill to perform. As with phishing attacks, they often involve an attacker sending an email to trick an individual into making a wire transfer.
The scams often start with a spear phishing email targeting an executive in a company. The aim of the initial phase of the attack is to gain access to that individual’s email account. Once the email account is compromised, emails are then sent to finance department employees or payroll staff requesting a wire transfer be made.
Highly convincing emails are sent, and since they come from a genuine internal email account, the recipient is less likely to question the request.
Large enterprises often make large wire transfers, so a sizable transfer request for tens or hundreds of thousands of dollars may be authorized without question. There have even been cases where much more substantial wire transfers have been made. A town in New Jersey discovered that, as a result of a BEC attack, a transfer of $1 million had been made to a criminal’s account. In that case, the FBI was able to freeze the funds in time, but with many scams, funds are withdrawn before the scam is identified.
In many cases, the first step in the attack is skipped and emails are simply spoofed to make them appear to have been sent from within the organization, from a contractor, or another individual with a relationship with the targeted entity.
The tactics and techniques being used are constantly changing. In addition to requests for wire transfers, cybercriminals often request tax (W2) forms of employees. This year has also seen an increase in gift card related BEC attacks. Instead of requesting wire transfers, requests are made to send gift cards for iTunes and online retailers. Cybercriminals then exchange the gift cards for Bitcoin online.
Confidence fraud and romance scams were the second main cause of losses. $362 million was lost to those scams and investment-related scams resulted in losses of over $252 million.
The real estate sector was extensively targeted in 2018. Criminals have attempted to get deposits and payments for house purchases diverted, often posing as the buyer, seller, real estate agents, or lawyers.
Phishing attacks are also on the rise. In 2018, the FBI’s Internet Crimes Complaint Center (IC3) received 26,379 complaints about phishing, smishing, and vishing, More than $48 million was lost to those scams in 2018.
Many of these scams are either conducted over email or start with a phishing email. It is therefore important for businesses to implement solutions that protect the email gateway and block these attacks at source to prevent malicious messages from reaching end users. It is also essential to provide training to staff to ensure they if they do encounter a phishing email or other scam, they have the skills to identify it as such.
SpamTitan, TitanHQ’s business email security solution, has been named leader in the Spring G2 Crowd Grid Report for Email Security Gateways.
G2 Crowd is a peer-to-peer review platform for business solutions. G2 Crowd aggregates user reviews of business software and the company’s quarterly G2 Crowd Grid Reports provide a definitive ranking of business software solutions.
The amalgamated reviews are read by more than 1.5 million site visitors each month, who use the reviews to inform software purchases. To ensure that only genuine reviews are included, each individual review is subjected to manual review.
The latest G2 Crowd Grid Report covers email security gateway solutions. Gateway solutions are comprehensive email security platforms that protect against email-based attacks such as phishing and malware. The email gateway is a weak point for many businesses and it is one that is often exploited by cybercriminals to gain access to business networks. A powerful and effective email gateway solution will prevent the vast majority of threats from reaching end users and will keep businesses protected.
To qualify for inclusion in the report, email gateway solutions needed to scan incoming mail to identify spam, malware, and viruses, securely encrypt communications, identify and block potentially malicious content, offer compliant storage through archiving capabilities, and allow whitelisting and blacklisting to control suspicious accounts.
For the report, 10 popular email security gateway solutions were assessed from Cisco, Barracuda, Barracuda Essentials, Proofpoint, Mimecast, Symantec, McAfee, Solarwinds MSP, MobileIron, and TitanHQ. Customers of all solutions were required to give the product a rating in four areas: Quality of support, ease of use, meets requirements and ease of administration.
TitanHQ the leader in business email security, today announced it has been recognized as a leader in the G2 Crowd Grid? Spring 2019 Report for Email Security.
TitanHQ’s SpamTitan was named leader based on consistently high scores for customer satisfaction and market presence. 97% of users of SpamTitan awarded the solution 4 or 5 stars out of 5 and 92% said they would recommend SpamTitan to others.
SpamTitan scored 94% for quality of support and meeting requirements. The industry average in these two areas was 84% and 88% respectively. The solution scored 92% for ease of use against an industry average of 82%, and 90% for ease of admin against an average value of 83%.
“TitanHQ are honored that our flagship email security solution SpamTitan has been named a leader in the email security gateway category,” said Ronan Kavanagh, CEO, TitanHQ. “Our customers value the uncompromised security and real-time threat detection. The overwhelmingly positive feedback from SpamTitan users on G2 Crowd is indicative of our commitment to ensuring the highest levels of customer success.”
If you want to improve email security without breaking the bank and want a solution that your IT staff will like using, SpamTitan is the ideal choice.
SpamTitan is available on a 100% free trial to allow you to try before committing to a purchase; however, if you have any questions about the solution, contact the TitanHQ team who will be happy to help and can schedule a product demonstration.
This week, TitanHQ has rolled out two new features for its award-winning email security solution SpamTitan: Sandboxing and DMARC email authentication.
TitanHQ developed the technology behind its email security solution more than 20 years ago and over the past two decades SpamTitan has received many updates to improve features for end users and increase detection rates.
SpamTitan already blocks more than 99.9% of spam and malicious emails to prevent threats from reaching end users’ inboxes. The level of protection SpamTitan provides against email attacks has made it the gold standard in email security for the SMB market and managed service providers serving SMBs.
In order to provide even greater protection against increasingly sophisticated email threats, TitanHQ added a new sandboxing feature. The next-generation sandboxing feature, powered by Bitdefender, provides SpamTitan customers with a safe environment to run in-depth analyses of suspicious programs and files that have been delivered via email.
New SpamTitan Sandboxing Service
The sandbox is a powerful virtual environment totally separate from other systems. When programs are run in the sandbox, they behave as they would on an ordinary endpoint and can be assessed for suspicious behavior and malicious actions without causing harm.
Prior to being sent to the sandbox, files are first analyzed using SpamTitan’s anti-malware technologies. Only files that require further analysis make it to the sandbox where they are safely detonated. Tactics used by malware to evade detection and avoid analysis are logged and flagged. Purpose-built, advanced machine learning algorithms they assess the files and check their actions against an extensive array of known threats from a range on online repositories in a matter of minutes.
If the file is confirmed as benign, it can be released. If the file is determined to be malicious, the sandboxing service automatically sends a report to the Bitdefender’s Global Protective Network and all further instances of the threat will then be blocked globally to ensure the file does not need to be analysed again.
The sandbox provides advanced protection against zero-day exploits, polymorphic threats, APTs, malicious URLs, new malware samples that have yet to be identified as malicious, and new threats that have been developed for undetectable targeted attacks.
Incorporation of this feature into SpamTitan gives customers advanced emulation-based malware analysis capabilities without having to purchase a separate sandboxing solution and ensures customers are protected against rapidly evolving advanced threats.
DMARC Email Authentication Added to SpamTitan
Email spoofing is the term given to the use of a forged sender address. Email spoofing is used to increase the likelihood of an email being delivered and opened by an end user. The email address of a known contact, well known company, or government organization is usually spoofed to abuse trust in that individual, brand, or organization.
DMARC authentication is now essential for all businesses and is a powerful control to prevent spoofing attacks. DMARC is used to check email headers to provide further information about the true sender of an email. Through DMARC, the message is authenticated as having been sent from the organization that owns the domain. If authentication fails, the message is rejected.
While SPF provides a certain degree of protection against email spoofing, DMARC is far more dependable. SpamTitan now incorporates DMARC authentication to provide even greater protection against email spoofing attacks.
Both of these new features have been added in the latest update to SpamTitan and are available to users at no extra cost.
“We have listened to requests from customers to have new features added to SpamTitan, and by far the most requested improvements are anti-spoofing technology and sandboxing,” said Ronan Kavanagh, CEO, TitanHQ. “I’m delighted to say that both of these new features have now been added to provide enhanced security for customers at no extra cost.”
TitanHQ is on the road again and has kick started a busy 2019 schedule of conferences with events on both sides of the Atlantic.
On February 14, 2019, TitanHQ Alliance Manager Patrick Regan attended the TitanHQ-sponsored Datto Roadshow in Tampa, Florida, and has been meeting with MSP partners from the region to help them with their existing and new email security, DNS filtering, and email archiving projects. TitanHQ has been working very closely with Datto MSP partners to ensure they get the most out of TitanHQ products to better support their clients.
On the other side to the pond, TitanHQ Alliance Manager Eddie Monaghan kicked off a week at the IT Nation Q1 EMEA Meeting in London and has been meeting MSP clients and finding what is going in in their world.
TitanHQ Alliance Manager, Eddie Monaghan
At both locations and in the upcoming roadshow events the TitanHQ team is available to meet with prospective MSP partners to explain about TitanHQ’s award-winning email security (SpamTitan), web security (WebTitan) and email archiving (ArcTitan) solutions and how they can easily be slotted into MSPs security stacks to better help and protect their clients. Current MSP partners will be given tips to help them get the very most out of the products.
Partner with TitanHQ
TitanHQ is the leading provider of email and web security products for MSPs serving the SMB market and now provides its products to more than 1,500 MSP partners serving clients in more than 200 countries. The combination of SpamTitan and WebTitan allows MSPs to provide their clients with superior protection against malware, ransomware, phishing and other cyber threats.
All TitanHQ products have been developed to specifically meet the needs of MSPs and save them support and engineering time by blocking cyber threats at source.
TitanHQ has developed it’s TitanShield Program to help partners in a wide range of industry sectors take advantage of TitanHQ’s suite of products. The TitanShield Program consists of four elements which meet the needs of MSP, ISP, and technology partners:
The MSP Program: Allows MSPs and resellers adopt the TitanHQ platform and security solutions to provide TitanHQ products direct to their clients.
The OEM program: TitanHQ’s entire suite of products is supplied in white-label form ready to take your company’s branding.
The Technology Alliance Program: Allows tech companies to partner with TitanHQ to offer spam filtering, web filtering, and email archiving solutions to clients alongside their own products.
The Wi-Fi Program: A program for Wi-Fi providers allowing the incorporation of TitanHQ’s cloud-based WiFi content filtering solution partners’ WiFi services.
Over the coming few months, TitanHQ will be visiting Dublin, heading across the channel to the Netherlands, and will be travelling through the UK and United States. If you are a current MSP partner or are interested in finding out how TitanHQ products could benefit your clients and be slotted into your technology stack, be sure to come and meet the team at one the following events.
We look forward to seeing you at one of the roadshow events in 2019.
The 2019 Cybersecurity Survey conducted by the Healthcare Information and Management Systems Society (HIMSS) has highlighted healthcare email security weaknesses and the seriousness of the threat of phishing attacks.
HIMSS conducts the survey each year to identify attack trends, security weaknesses, and areas where healthcare organizations need to improve their cybersecurity defenses. This year’s survey confirmed that phishing remains the number one threat faced by healthcare organizations and the extent that email is involved in healthcare data breaches.
This year’s study was conducted on 166 healthcare IT leaders between November and December 2018. Respondents were asked questions about data breaches and security incidents they had experienced in the past 12 months, the causes of those breaches, and other cybersecurity matters.
Phishing attacks are pervasive in healthcare and a universal problem for healthcare providers and health plans of all sizes. 69% of significant security incidents at hospitals in the past 12 months used email as the initial point of compromise. Overall, across all healthcare organizations, email was involved in 59% of significant security incidents.
The email incidents include phishing attacks, spear phishing, whaling, business email compromise, and other email impersonation attacks. Those attacks resulted in network breaches, data theft, email account compromises, malware infections, and fraudulent wire transfers.
When asked about the categories of threat actors behind the attacks, 28% named ‘online scam artists’ and 20% negligence by insiders. Online scam artists include phishers who send hyperlinks to malicious websites via email. It was a similar story the previous year when the survey was last conducted.
Given the number of email-related breaches it is clear that anti-phishing defenses in healthcare need to be improved. HIPAA requires all healthcare employees to receive security awareness training, part of which should include training on how to identify phishing attacks. While this is a requirement for compliance, a significant percentage (18%) of healthcare organizations do not take this further and are not conducting phishing simulations, even though they have been shown to improve resilience against phishing attacks by reinforcing training and identifying weaknesses in training programs.
The continued use of out of date and unsupported software was also a major concern. Software such as Windows Server and Windows XP are still extensively used in healthcare, despite the number of vulnerabilities they contain. 69% of respondents admitted still using legacy software on at least some machines. When end users visit websites containing exploit kits, vulnerabilities on those devices can easily be exploited to download malware.
It may take some time to phase out those legacy systems, but improving healthcare email security is a quick and easy win. HIMSS recommends improving training for all employees on the threat from phishing with the aim of decreasing click rates on phishing emails. That is best achieved through training, phishing simulations, and better monitoring of responses to phishing emails to identify repeat offenders.
At TitanHQ, we can offer two further solutions to improve healthcare email security. The first is an advanced spam filtering solution that blocks phishing emails and prevents them from being delivered to inboxes. The second is a solution that prevents employees from visiting phishing and other malicious websites such as online scams.
SpamTitan is an advanced anti-phishing solution that scans all incoming emails using a wide range of methods to identify malicious messages. The solution has a catch rate in excess of 99.9% with a false positive rate of just 0.03%. The solution also scans outbound messages for spam signatures to help identify compromised email accounts.
WebTitan Cloud is a cloud-based web filtering solution that blocks attempts by employees to visit malicious websites, either through web surfing or responses to phishing emails. Should an employee click on a link to a known malicious site, the action will be blocked before any harm is caused. WebTitan also scans websites for malicious content to identify and block previously known phishing websites and other online scams. Alongside robust security awareness training programs, these two solutions can help to significantly improve healthcare email security.
For further information on TitanHQ’s healthcare email security and anti-phishing solutions, contact TitanHQ today.
To protect their clients from phishing attacks, Managed Service Providers (MSPs) need to provide a comprehensive range of cybersecurity solutions. This post explores the risks from phishing and suggests some easy to implement anti-phishing solutions for MSPs to add to their security offerings.
Phishing is the Number One Cyber Threat Faced by SMBs
Phishing is the number one cyber threat faced by businesses and one of the hardest to defend against. All it takes is for an employee to respond to a single phishing email for a costly data breach to occur. The consequences for the company can be severe.
Email accounts contain a wide range of sensitive information. A phishing attack on a UnityPoint Health hospital in Des Moines, IA, in 2018 saw the protected health information of 1.4 million patients compromised. Also in 2018, a phishing attack on the Boys Town National Research Hospital saw one account compromised that contained the information of more than 105,300 patients. Phishing emails are also used to introduce malware and ransomware. These attacks can be even more damaging and costly to mitigate.
The healthcare industry is extensively targeted by phishers due to the high value of healthcare data, although all industry sectors are at risk. In response to the high number of cyberattacks and the current threat levels, the Trump administration recently launched the “Know the Risk, Raise your Shield” campaign. The campaign aims to raise awareness of the threat from phishing and other attack methods and encourage private businesses to do more to improve their defenses.
Phishing will continue to be a major threat to businesses for the foreseeable future. Attacks will continue because they require relatively little skill to conduct, phishing is highly effective, and attacks can be extremely lucrative.
Easy to Implement Anti-Phishing Solutions for MSPs
There is no single solution that will provide total protection against phishing attacks. Businesses need layered defenses, which provides an opportunity for MSPs. SMBs can struggle to implement effective defenses against phishing on their own and look to MSPs for assistance.
MSPs that can provide a comprehensive anti-phishing package will be able to protect their clients, prevent costly phishing attacks, and generate more business. Effective anti-phishing controls are also an easy sell. Given the cost of mitigating attacks, the package is likely to pay for itself. But what solutions should be included in MSPs anti-phishing offerings?
Listed below are three easy-to-implement anti-phishing solutions for MSPs to offer to their clients, either individually or part of an anti-phishing security package.
Advanced Spam Filtering
Advanced spam filtering solutions are essential. They block phishing emails on the server before they can be delivered to inboxes or employees’ spam folders. An advanced spam filter will block in excess of 99.9% of spam and malicious emails and by itself, is the single most important solution to implement.
SpamTitan is an ideal anti-phishing solution for MSPs. This cloud-based solution supports an unlimited number of domains, all of which can be protected through an easy to use interface. The solution supports per domain administrators, with each able to implement elements of their own email such as searches and release of messages from quarantine. Reports can be generated per domain and those reports can be automatically sent to clients. The solution can be fully rebranded to take MSP logos and color schemes, and the solution can be hosted in a private cloud.
Security Awareness Training and Testing
While the majority of malicious emails will be blocked at source, a very small percentage may slip through the net. It is therefore essential for employees to be aware of the risks from phishing and to have the skills to identify potential phishing emails. MSPs can help their clients by providing a staff training program. Many security awareness training companies offer MSP programs to help manage training for clients and a platform to conduct phishing simulation exercises to test security awareness.
DNS-Based Web Filtering
Even with training, some employees may be fooled by phishing emails. This is to be expected, since many phishing campaigns use messages which are highly realistic and virtually indistinguishable from genuine emails. Spam filters will block malicious attachments, but a web filter offers protection from malicious hyperlinks that direct users to phishing websites.
A DNS-based web filter blocks attempts by employees to access phishing websites at the DNS-level, before any content is downloaded. When an employee clicks on a phishing email, they will be directed to a block screen rather than the phishing website. Being DNS-based, web filters are easy to implement and no appliances are required.
WebTitan is an ideal web filtering solution for MSPs. WebTitan can be configured in just a couple of minutes and can protect all clients from web-based phishing attacks, with the solution managed and controlled through a single easy-to-use interface. Reports can be automatically scheduled and sent to clients, and the solution is available in full white-label form ready for MSPs branding. A choice of hosting solutions is also offered, and the solution can connect with deployment, billing and management tools through APIs.
For further information on TitanHQ’s anti-phishing solutions for MSPs, contact the TitanHQ team today and enquire about joining the TitanHQ Alliance program.
G2 Crowd, the trusted business software review platform, has recognized SpamTitan as a High Performer for email security. The solution has been praised for speed of implementation, ease of use, quality of support, and its spam filtering capabilities.
Finding the right software solution can take a lot of time and effort. Even when software is carefully and painstakingly reviewed, making a purchase can be risky. G2 Crowd helps businesses find the most suitable software and services and make informed buying decisions, taking the guesswork out of software selection.
The G2 Crowd platform contains more than half a million independent, authenticated reviews from users of software solutions that give honest feedback on software solutions after having put them through their paces. The platform is trusted by businesses and its user reviews are read by more than 2 million buyers every month.
This December, G2 Crowd released its Winter Secure Email Gateway Grid℠, which ranked SpamTitan as the highest performer in the mid-market segment. According to G2 Crowd, “High Performers provide products that are highly rated by their users,” and have achieved consistently positive reviews from the people that matter – customers.
The high position is due to consistent 5-star reviews from users. 93% of user-reviewers on the site have awarded SpamTitan 5 stars out of 5, with the remaining 7% giving the solution 4 stars out of 5. SpamTitan has attracted praise across the board, notably for how easy it is to set up, use, maintain, its reporting tools, the quality of customer support, and price.
SpamTitan has also been rated as a 5-star email security solution by users of Spiceworks and has won more than 37 consecutive Virus Bulletin Spam awards.
Not only is SpamTitan an ideal solution for SMBs to block spam email, malware, and phishing threats, it has been developed to also meet the needs of managed services providers to allow them to easily add spam filtering and phishing protection to their service stacks.
SpamTitan is available with three deployment choices: SpamTitan Gateway, SpamTitan Cloud, and SpamTitan Private Cloud, to meet the needs of all businesses.
Check out the SpamTitan reviews on G2 Crowd and contact TitanHQ to schedule a product demonstration. SpamTitan is also available on a free 14-day trial to allow you to test the solution for yourself in your own environment.
There has been an increase in phishing attacks on retailers, supermarket chains, and restaurants in recent weeks. The aim of the phishing attacks is to deliver remote access Trojans and remote manipulator software to gain persistent access to computers and, ultimately, obtain banking credentials and sensitive customer data on POS systems.
Several new campaigns have been detected in recent weeks targeting retail and food sector companies, both of which are well into the busiest time of the year. With employees working hard, it is likely that less care will be taken opening emails which gives cybercriminals an opportunity.
PUB Files Used in Phishing Attacks on Retailers
Over the past few weeks, security researchers have noted an uptick in phishing attacks on retailers, with one threat group switching to using.pub files to install malware. Many phishing attacks use Word documents containing malicious macros. The use of macros with .pub files is relatively uncommon. The change to this new attachment type may fool employees, as they will be less likely to associate these files with cyberattacks.
Social engineering techniques are used to fool end users into opening the files, with the .pub files masquerading as invoices. Many emails have been intercepted that appear to have been sent from within a company, which helps to make the files appear genuine.
If opened, the .pub files, via malicious macros, run Microsoft Installer (MSI) files that deliver a remote access Trojan. Since these installers will most likely be familiar to end users, they may not realize the installers are malicious. Further, the MSI files are time delayed so they do not run immediately when the .pub files are opened, increasing the probability that the RAT downloads will go unnoticed.
The TA505 threat group is using this tactic to install the FlawedAmmy remote access Trojan and other malicious payloads such as Remote Manipulator System (RMS) clients.
The phishing emails used to deliver these malicious files are targeted and tailored to a specific business to increase the likelihood of success. These targeted spear phishing attacks are now becoming the norm, as threat actors move away from the spray and pray tactics of old.
Cape Cod Community College Phishing Attack Results in Theft of More Than $800,000
Phishing attacks on retailers have increased, but other industries are also at risk. Educational institutions are also prime targets, as has been highlighted by a recent phishing attack on Cape Cod Community College.
The Cape Cod Community College phishing attack involved sophisticated messages that delivered malware capable of evading the college’s anti-virus software. The malware was used to obtain the banking credentials of the college, and once those credentials had been obtained, the hackers proceeded to make fraudulent transfers and empty bank accounts. Transfers totaling $807,130 were made, and so far, the college and its bank have only been able to recover $278,887.
All too often, fraudulent transfers are not detected quickly enough to recover any funds. Once the transfers have cleared the attacker-controlled bank accounts are emptied, after which the probability of recovering funds falls to near zero.
Defense in Depth the Key to Phishing Protection
Email is the primary vector used to phish for sensitive information and deliver malware to businesses. Regardless of whether businesses use local email systems or cloud-based email services such as Office 365, advanced spam filtering controls are required to block threats. For instance, SpamTitan blocks more than 99.9% of spam email and 100% of known malware. SpamTitan also uses heuristics, machine learning, and Bayesian analysis to identify previously unseen threats – One of the areas of weakness of Office 365’s anti-phishing defenses.
Network segmentation is also essential. Critical services must be separated to ensure that the installation of malware or ransomware on one device will not allow the attackers to gain access to the entire network. This is especially important for retailers and other businesses with POS systems. Network segmentation will help to keep POS systems and the financial data of customers secure.
Advanced endpoint protection solutions offer far greater protection than standard antivirus solutions and are less reliant on malware signatures. Standard AV solutions will only block known malware. With standard AV solutions, new malware variants can easily slip through the net.
End user security awareness training should be mandatory for all employees and training needs to be a continuous process. A once a year training session is no longer sufficient. Regular training throughout the year is required to ensure employees are made aware of the latest threats and tactics being used to gain access to login credentials and install malware.
For further information on improving email security to improve protection against phishing attacks, contact the TitanHQ team today.
Reselling Office 365 doesn’t offer much in the way of profit for MSPs, although there are benefits for MSPs that come from offering Office 365 and it is possible to make Office 365 more profitable.
Before explaining where the margin is for MSPs in Office 365, let’s first take a look at the benefits for MSPs from offering Office 365.
Benefits for MSPs from Offering Office 365 to Clients
SMBs are increasingly moving from on-premises solutions to the cloud and Office 365 is one of the most popular cloud services. Office 365 now has more than 135 million commercial monthly users and that number is growing rapidly.
MSPs may not be able to make much from Office 365 alone, but by providing Office 365 MSPs can win more business and gain a competitive advantage. There is no outlay involved with offering Office 365 to clients, the product is great and meets clients’ needs, and money can be made from handling Office 365 migrations.
MSPs can also benefit from migrating existing clients from Exchange or SBS Exchange to Office 365. Office 365 is far easier to manage so they stand to save a great deal of time on troubleshooting and maintenance, which can be a major headache with Exchange.
By offering Office 365 you can win more business, reduce operational costs, and stay competitive. However, the best way to make money from Office 365 is through add-on services.
How MSPs Can Make Office 365 More Profitable
The margins for MSPs on Office 365 are rather thin to say the least. Many MSPs find that offering Office 365 on its own doesn’t provide any profit at all. Charging extra per license to improve profitability is an option, but clients could just go direct to avoid the extra cost.
The margins may be small, but managing Office 365 does not require a great deal of effort. You may only make around 50c or $1 per user but sign up enough clients and you could get a reasonable return. There is an opportunity for profit at scale; however, to make a decent return you need to sell services around Office 365.
One of the best ways to make Office 365 more profitable is by offering additional security services. Security is an area where Office 365 can be significantly improved, especially spam filtering. Microsoft has incorporated a spam filter and anti-phishing protections into Office 365, but they fall short of the protection offered by a dedicated third-party spam filter.
Phishing is the number one security threat faced by businesses and Office 365 anti-phishing protections leave a lot to be desired. By offering enhanced spam and phishing protection through a third-party spam filter, not only can MSPs make a decent margin on the add-on solution, by blocking phishing attacks and malware at source, a considerable amount of time can be saved on support.
There are plenty of other opportunities for selling third-party solutions to make up for the lack of options in Office 365. Email archiving is an easy sell and a quick win for MSPs. An email archive is important for compliance and security, saves on storage space, and improves efficiency, and gives clients access to emails from any location.
Spam filtering, email archiving, web filtering, and encryption can be bundled together as an enhanced security package, with each element providing a decent return for MSPs. Given the cost of mitigating a data breach, by preventing breaches, an enhanced security offering will pay for itself. Consequently, Office 365 security should be an easy sell.
Office 365 MSP Add-ons from TitanHQ
For more than 20 years TitanHQ has been developing innovative security solutions for businesses. Today, more than 7,500 businesses are protected by TitanHQ security solutions and more than 2,000 MSPs have signed up to the TitanHQ Alliance Program.
All TitanHQ solutions have been developed from the ground to meet the needs of the SMB marketplace and MSPs. TitanHQ’s spam filtering solution – SpamTitan, email archiving solution – ArcTitan, and web filtering solution – WebTitan, save MSPs support and engineering time, have great margins, and can be easily integrated into MSPs security stacks to make Office 365 more profitable.
To find out more about TitanHQ’s MSP offerings, for details of pricing and MSP margins, contact the TitanHQ Alliance Program team today and take the first step toward making Office 365 more profitable.
Financial institutions, healthcare organizations and universities have seen an increase in cyberattack in recent months, but there has also been an increase in phishing attacks on publishers and literary scouting agencies.
Any business that stores sensitive information that can be monetized is at risk of cyberattacks, and publishers and literary scouting agencies are no exception. Like any employer, scouting agencies and publishers store sensitive information such as bank account numbers, credit card details, Social Security numbers, contract information, and W-2 Tax forms, all of which carry a high value on the black market. The companies also regularly make wire transfers and are therefore targets for BEC scammers.
However, in a somewhat new development, there have been several reports of phishing attacks on publishers and literary scouting agencies that attempt to gain access to unpublished manuscripts and typescripts. These are naturally extremely valuable. If an advance copy of an eagerly awaited book can be obtained before it is published, there will be no shortage of fans willing to pay top dollar for a copy. Theft of manuscripts can result in extortion attempts with ransoms demanded to prevent their publication online.
2018 has seen a significant increase in phishing attacks on publishers and literary scouting agencies. Currently, campaigns are being conducted by scammers that appear to have a good understanding of the industry. Highly realistic and plausible emails are being to publishing houses and agencies which use the correct industry terminology, which suggests they are the work of an industry insider.
One current campaign is spoofing the email account of Catherine Eccles, owner of the international literary scouting agency Eccles Fisher. Emails are being sent using Catherine Eccles’ name, and include her signature and contact information. The messages come from what appears to be her genuine email account, although the email address has been spoofed and replies are directed to an alternative account controlled by the scammer. The messages attempt to get other literary agencies to send manuscripts via email or disclose their website passwords.
An increase in phishing attacks on publishers on both sides of the Atlantic have been reported, with the threat already having prompted Penguin Random House North America to send out warnings to employees to alert them to the threat. According to a recent report in The Bookseller, several publishers have been targeted with similar phishing schemes, including Penguin Random House UK and Pan Macmillan.
Protecting against phishing attacks requires a combination of technical solutions, policies and procedures, and employee training.
Publishers and scouting agencies should deploy software solutions that can block phishing attacks and prevent malicious emails from being delivered to their employees’ inboxes.
SpamTitan is a powerful anti-phishing tool that blocks 99.97% of spam emails and 100% of known malware. DMARC email-validation is incorporated to detect email spoofing and prevent malicious emails from reaching employees’ inboxes.
End user training is also essential to raise awareness of the risks of phishing. All staff should be trained how to recognize phishing emails and other email threats to ensure they do not fall for these email scams.
If you run a publishing house or literary scouting agency and are interested in improving your cyber defenses, contact the TitanHQ team today for further information on cybersecurity solutions that can improve your security posture against phishing and other email and web-based threats.
Hackers have been going back to school and entering higher education. Quite literally in fact, although not through conventional channels. Entry is gained through cyberattacks on universities, which have increased over the course of the past 12 months, according to figures recently released by Kaspersky Lab.
Cyberattacks on Universities on the Rise
Credit cards information can be sold for a few bucks, but universities have much more valuable information. As research organizations they have valuable proprietary data. The results of research studies are particularly valuable. It may not be possible to sell data as quickly as credit cards and Social Security numbers, but there are certainly buyers willing to pay top dollar for valuable research. Nation state sponsored hacking groups are targeting universities and independent hacking groups are getting in on the act and conducting cyberattacks on universities.
There are many potential attack vectors that can be used to gain access to university systems. Software vulnerabilities that have yet to be patched can be exploited, misconfigured cloud services such as unsecured S3 buckets can be accessed, and brute force attempts can be conducted to guess passwords. However, phishing attacks on universities are commonplace.
Phishing is often associated with scams to obtain credit card information or login credentials to Office 365 accounts, with businesses and healthcare organizations often targeted. Universities are also in the firing line and are being attacked.
The reason phishing is so popular is because it is often the easiest way to gain access to networks, or at least gain a foothold for further attacks. Universities are naturally careful about guarding their research and security controls are usually deployed accordingly. Phishing allows those controls to be bypassed relatively easily.
A successful phishing attack on a student may not prove to be particularly profitable, at least initially. However, once access to their email account is gained, it can be used for further phishing attacks on lecturers for example.
Spear phishing attacks on lecturers and research associates offer a more direct route. They are likely to have higher privileges and access to valuable research data. Their accounts are also likely to contain other interesting and useful information that can be used in a wide range of secondary attacks.
Email-based attacks can involve malicious attachments that deliver information stealing malware such as keyloggers, although many of the recent attacks have used links to fake university login pages. The login pages are exact copies of the genuine login pages used by universities, the only difference being the URL on which the page is located.
More than 1,000 Phishing Attacks on Universities Detected in a Year
According to Kaspersky Lab, more than 1,000 phishing attacks on universities have been detected in the past 12 months and 131 universities have been targeted. Those universities are spread across 16 countries, although 83/131 universities were in the United States.
Preventing phishing attacks on universities, staff, and students requires a multi layered approach. Technical controls must be implemented to reduce risk, such as an advanced spam filter to block the vast majority of phishing emails and stop them being delivered to end users. A web filtering solution is important for blocking access to phishing websites and web pages hosting malware. Multi-factor authentication is also essential to ensure that if account information is compromised or passwords are guessed, an additional form of authentication is required to access accounts.
As a last line of defense, staff and students should be made aware of the risk from phishing. Training should be made available to all students and cybersecurity awareness training for researchers, lecturers, and other staff should be mandatory.
In 2015, Anthem Inc., experienced a colossal data breach. 78.8 million health plan records were stolen. This year, the health insurer settled a class action data breach for $115 million and OCR has now agreed a $16 million Anthem data breach settlement.
It Started with a Spear Phishing Email…
The Anthem data breach came as a huge shock back in February 2015, due to the sheer scale of the breach. Healthcare data breaches were common, but the Anthem data breach in a different league.
Prior to the announcement, the unenviable record was held by Science Applications International Corporation, a vendor used by healthcare organizations, that experienced a 4.9 million record breach in 2011. The Anthem data breach was on an entirely different scale.
The hacking group behind the Anthem data breach was clearly skilled. Mandiant, the cybersecurity firm that assisted with the investigation, suspected the attack was a nation-state sponsored cyberattack. The hackers managed to gain access to Anthem’s data warehouse and exfiltrated a huge volume of data undetected. The time of the initial attack to discovery was almost a year.
While the attack was sophisticated, a foothold in the network was not gained through an elaborate hack or zero-day exploit but through phishing emails.
At least one employee responded to a spear phishing email, sent to one of Anthem’s subsidiaries, which gave the attackers the entry point they needed to launch a further attack and gain access to Anthem’s health plan member database.
The Anthem Data Breach Settlement is the Largest Ever Penalty for a Healthcare Data Breach
The U.S. Department of Health and Human Services’ Office for Civil Rights (OCR) investigates healthcare data breaches that result in the exposure or theft of 500 or more records. An in-depth investigation of the Anthem breach was therefore a certainty given its scale. A penalty for non-compliance with Health Insurance Portability and Accountability Act (HIPAA) Rules was a very likely outcome as HIPAA requires healthcare organizations to safeguard health data. The scale of the breach also made it likely that it would result in the largest ever penalty for a healthcare data breach.
Before the Anthem data breach settlement, the largest penalty for a healthcare data breach was $5.55 million, which was agreed between OCR and Advocate Health Care Network in 2016. The Anthem data breach settlement was almost three times that amount, which reflected the seriousness of the breach, the number of people impacted, and the extent to which HIPAA Rules were alleged to have been violated.
OCR alleged that Anthem Inc., had violated five provisions of HIPAA Rules, and by doing so failed to prevent the breach and limit its severity. The Anthem data breach settlement was however agreed with no admission of liability.
The regulatory fine represents a small fraction of the total cost of the Anthem data breach. On top of the Anthem data breach settlement with OCR, Anthem faced multiple lawsuits in the wake of the data breach. The consolidated class action lawsuit was settled by Anthem in January 2018 for $115 million.
The class action settlement document indicated Anthem had already paid $2.5 to consultants in the wake of the breach, $31 million was spent mailing notification letters, $115 million went on improvements to security, and $112 million was paid to provide identity theft protection and credit monitoring services to affected plan members.
With the $115 million class action settlement and the $16 million OCR settlement, that brings the total cost of the Anthem data breach to $391.5 million.
At $391.5 million, that makes this the most expensive healthcare phishing attack by some distance and the cost clearly highlights just how important it is to adopt a defense-in-depth strategy to protect against phishing attacks.
Cybercriminals have turned to cryptocurrency mining malware as an easy, low-risk way of making money although ransomware is still the main malware threat according to Europol.
While it was common for large-scale spam email campaigns to be sent to random recipients to spread ransomware, tactics used to infect devices with the file-encrypting malware are changing.
There has been a decline in the use of ‘spray and pray’ spam campaigns involving millions of messages toward targeted attacks on businesses. Organized cybercriminal gangs are researching victims and are conducting highly targeted attacks that first involve compromising a network before manually deploying ransomware.
The cybercriminal group behind SamSam ransomware has been particularly prolific. Companies that have failed to address software vulnerabilities are attacked and access is gained to their networks. The SamSam group also conducts brute force attacks on RDP to gain access to business networks. Once access is gained, ransomware is manually installed on as many computers as possible, before the encryption routine is started across all infected devices. With a large number of devices encrypted, the ransom demand can be much higher – Typically around $50,000 per company. The group has collected at least $6 million in ransom payments to date.
Europol warns that ransomware attacks will continue to be a major threat over the following years, although a new threat is emerging – cryptojacking malware. This form of malware is used to hijack computer processors to mine cryptocurrency. Europol warns that if the rise in the use of cryptojacking malware continues it may overtake ransomware and become the biggest malware threat.
Not only does cryptojacking offer considerable rewards, in many cases use of the malware is not classed as illegal, such as when it is installed on websites. This not only means that cybercriminals can generate considerable profits, but the risk involved in these types of attacks is far lower than using ransomware.
Cybercriminals are still extensively using social engineering techniques to fool consumers and employees into disclosing sensitive personal information and login credentials. Social engineering is also extensively used to trick employees into making fraudulent bank transfers. Phishing is the most common form of social engineering, although vishing – voice phishing – and smishing – SMS phishing are also used. Europol notes that social engineering is still the engine of many cybercrimes.
While exploit kits have been extensively used to silently download malware, Europol notes that the use of exploit kits continues to decline. The main attack vectors are spam email and RDP brute-forcing.
As-a-service cyberattacks continue to be a major problem. DDoS-as-a-service and ransomware-as-a-service allow low-level and relatively unskilled individuals to conduct cyberattacks. Europol recommends law enforcement should concentrate on locating and shutting down these criminal operations to make it much harder for low-level criminals to conduct cyberattacks that would otherwise be beyond their skill level.
With spam email still a major attack vector, it is essential for businesses to implement cybersecurity solutions to prevent malicious emails from being delivered to inboxes and ensure cybersecurity best practices are adopted to make them less susceptible to attack. With phishing the main form of social engineering, anti-phishing training for employees is vital.
RDP attacks are now commonplace, so steps must be taken by businesses to block this attack vector, such as disabling RDP if it is not required, using extremely strong passwords for RDP, limiting users who can login, configuring account lockouts after a set number of failed login attempts, and using RDP gateways.
With the largest economy, the United States is naturally a major target for cybercriminals. Various studies have been conducted on the cost of cybercrime in the United States, but little data is available on cybercrime losses in Germany – Europe’s largest economy.
The International Monetary Fund produces a list of countries with the largest economies. In 2017, Germany was ranked fourth behind the United States, China, and Japan. Its GDP of $3,68 trillion represents 4.61% of global GDP.
A recent study conducted by Germany’s federal association for Information Technology – BitKom – has placed a figure on the toll that cybercrime is taking on the German economy.
The study was conducted on security chiefs and managers at Germany’s top 503 companies in the manufacturing sector. Based on the findings of that survey, BitKom estimated cybercrime losses in Germany to be €43 billion ($50.2 billion). That represents 1.36% of the country’s GDP.
Extrapolate those cybercrime losses in Germany and it places the global cost of cybercrime at $1 trillion, substantially higher than the $600 billion figure estimate from cybersecurity firm McAfee and the Center for Strategic and International Studies (CSIS) in February 2018. That study placed the global percentage of GDP lost to cybercrime at between 0.59% and 0.80%, with GDP losses to cybercrime across Europe estimated to be between 0.79 to 0.89% of GDP.
Small to Medium Sized Businesses Most at Risk
While cyberattacks on large enterprises have potential to be highly profitable for cybercriminals, those firms tend to have the resources available to invest heavily in cybersecurity. Attacks on large enterprises are therefore much more difficult and time consuming. It is far easier to target smaller companies with less robust cybersecurity defenses.
Small to medium sized businesses (SMBs) often lack the resources to invest heavily in cybersecurity, and consequently are far easier to attack. The BitKom study confirmed that these companies, which form the backbone of the economy in Germany, are particularly vulnerable to cyberattacks and have been extensively targeted by cybercriminals.
It is not only organized cybercriminal groups that are conducting these attacks. Security officials in Germany have long been concerned about attacks by well-resourced foreign spy agencies. Those agencies are using cyberattacks to gain access to the advanced manufacturing techniques developed by German firms that give them a competitive advantage. Germany is one of the world’s leading manufacturing nations, so it stands to reason that the German firms are an attractive target.
Cybercriminals are extorting money from German firms and selling stolen data on the black market and nation-state sponsored hackers are stealing proprietary data and technology to advance manufacturing in their own countries. According to the survey, one third of companies have had mobile phones stolen and sensitive digital data has been lost by a quarter of German firms. 11% of German firms report that their communications systems have been tapped.
Attacks are also being conducted to sabotage German firms. According to the study, almost one in five German firms (19%) have had their IT and production systems sabotaged through cyberattacks.
Businesses Must Improve Their Defenses Against Cyberattacks
“With its worldwide market leaders, German industry is particularly interesting for criminals,” said Achim Berg, head of BitKom. Companies, SMBs in particular, therefore need to take cybersecurity much more seriously and invest commensurately in cybersecurity solutions to prevent cybercriminals from gaining access to their systems and data.
According to Thomas Haldenweg, deputy president of the BfV domestic intelligence agency, “Illegal knowledge and technology transfer … is a mass phenomenon.”
Preventing cyberattacks is not straightforward. There is no single solution that can protect against all attacks. Only defense-in-depth will ensure that cybercriminals and nation-state sponsored hacking groups are prevented from gaining access to sensitive information.
Companies need to conduct regular, comprehensive organization-wide risk analyses to identify all threats to the confidentiality, integrity, and availability of their data and systems. All identified risks must then be addressed through a robust risk management process and layered defenses implemented to thwart attackers.
One of the main vectors for attack is email. Figures from Cofense suggest that 91% of all cyberattacks start with a malicious email. It stands to reason that improving email security should be a key priority for German firms. This is an area where TitanHQ can help.
TitanHQ is a provider of world-class cybersecurity solutions for SMBs and enterprises that block the most commonly used attack vectors. To find out more about how TitanHQ’s cybersecurity solutions can help to improve the security posture of your company and block email and web-based attacks, contact the TitanHQ sales team today.
Managed service providers (MSPs) are discovering the huge potential for profit from offering security-as-a-service to their clients. Managed security services are now the biggest growth area for the majority of leading MSPs, with security-as-a-service well ahead of cloud migration, cloud management, and managed Office 365 services according to a recent survey conducted by Channel Futures.
Channel Futures conducted the survey as part of its annual MSP 501 ranking initiative, which ranks MSPs based on their ability to act on current trends and ensure they remain competitive in the fast-evolving IT channel market. The survey evaluated MSP revenue growth, hiring trends, workforce dynamics, service deliverables, business models, and business strategies.
The survey revealed that by far the biggest growth area is managed security services. Security-as-a-service was rated the biggest growth area by 73% of MSPs. 55% of MSPs said professional services were a major growth area, 52% said Office 365, and 51% said consulting services.
It is no surprise that security-as-a-service is proving so popular as the volume of attacks on enterprises and SMBs has soared. Cybercriminals are attacking enterprises and SMBs trying to gain access to sensitive data to sell on the black market. Attacks are conducted to sabotage competitors, nation-state-sponsored hackers are attempting to disrupt critical infrastructure, and data is being encrypted to extort money. There is also a thriving market for proprietary data and corporate secrets.
The cost of mitigating attacks when they succeed is considerable. For enterprises, the attacks can make a significant dent in profits, but cyberattacks on SMBs can be catastrophic. A study conducted by the National Cyber Security Alliance suggests as many as 60% of SMBs go out of business in the 6 months following a hacking incident.
Enterprises and SMBs alike have had to respond to the increased threat by investing heavily in security, but simply throwing money at security will not necessarily mean all security breaches are prevented. Companies need to employee skilled IT security professionals to implement, monitor and maintain those cybersecurity solutions, conduct vulnerability scans, and identify and address security gaps. Unfortunately, there is a major shortage of skilled staff and attracting the right talent can be next to impossible. Faced with major challenges, many firms have turned to MSPs to and have signed up for security-as-service offerings.
Forward-thinking MSPs have seized the opportunity and are now providing a comprehensive range of managed security services to meet the needs of their clients. They are offering a wide range of tools and services from phishing protection to breach mitigation services; however, for many MSPs, developing such a package is not straightforward.
Security-as-a-service is in high demand, but MSPs must be able to package the right services to meet customers’ needs and have a platform that can handle the business end. They too must attract the staff who can implement, monitor, and manage those services for their clients.
When devising a security-as-a-service offering, one option is to use a common security architecture for all clients and provide them with a range of solutions from the same provider. Many companies have implemented a slew of different security tools from multiple providers, only to discover they are still experiencing breaches. It is a relatively easy sell to get them to move over to a system where all the component parts are seamlessly integrated and to benefit from an MSP’s expertise in managing those solutions. There is a risk of course that clients will just choose to go direct rather than obtain those services from an MSP. This single platform strategy has been adopted by Liberty Technology – ranked 242 in the MSP 501 list – and is working well, especially for clients that have fewer than 1,000 employees.
At the other end of the spectrum is Valiant Technologies, ranked 206 in the MSP 501 list. Valiant has chosen a wide range of products from multiple cybersecurity solution providers and has built a unique package of products for its security service.
The products were chosen for the level of protection they offered and how well they work together. This approach has been a success for the firm. “Providing a bundle of offerings from different vendors that work well together is the most effective way for an MSP to retain its role as a trusted adviser,” said the firm’s CEO Tom Clancy. The security service has been added to other business services provided by the MSP and has proved to be an easy sell to clients.
ComTec Solutions, which ranked in position 248 in the MSP 501 list, is still deciding on the best way forward. The provision of security-as-a-service is a no brainer, but the company is currently assessing whether it is worthwhile building a security operations center (SOC) and becoming a managed security service provider (MSSP) or outsourcing the SOC service.
There are several different approaches to take when developing a managed security service offering. What is vital is that such a service is provided. The MSP 501 survey has shown that the most successful MSPs have responded to demand and are now helping their clients secure their networks through their security-as-a-service offerings. Those MSPs are clearly reaping the rewards.
If you are an MSP that is considering developing a security-as-a-service offering, be sure to speak to TitanHQ about its world-class cloud-based security solutions for MSPs – WebTitan and SpamTitan – and find out how they can be integrated into your security stack.
Two factor authentication flaws have been identified that allow accounts to be accessed even when protected by a password and second authentication factor.
Two-factor authentication is an important safeguard to secure accounts. In the event of login credentials being guessed or otherwise obtained by a third party, an additional method of authentication is required to gain access to the account. Without that second factor, access to the account is blocked. But not always. Multiple two-factor authentication flaws have been identified.
Two Factor Authentication Flaws Exploited in Reddit, LinkedIn and Yahoo Cyberattacks
Two-factor authentication is not infallible. Recently, Reddit disclosed that it had suffered a data breach even though two factor authentication had been implemented. Rather than use a token, Reddit used SMS messages to a mobile phone owned by the account holder as the second authentication factor. As Reddit discovered, SMS messages can be intercepted. The attacker was able to intercept a 2FA SMS message and gain access to an employee’s account, through which it was possible to access to an old database of user credentials.
Two-factor authentication was also in place at Yahoo in 2013, yet the company still experienced a massive data breach that resulted in all three billion of its users having their information obtained by hackers. Go back a year and there was the massive 167 million record data breach at LinkedIn, which had also implemented two-factor authentication.
A phone call or text message to a phone owned by the account holder does not necessarily prevent access to the account from being gained by a third party. In August last year, a Bitcoin investor had $150,000 of cryptocurrency stolen from his wallet after it was accessed by a third party. In that case, the investor’s second factor phone number had been re-routed to a device owned by the attacker after the phone company was duped.
Any second factor that uses the phone system of SMS messages provides an additional layer of protection, but it is not enough to protect against a determined skilled hacker.
Two Factor Authentication Flaws Discovered in Microsoft’s Active Directory Federation Services
A major two-factor authentication vulnerability was recently discovered by a security researcher at Okta. Okta, like many companies, uses Microsoft’s Active Directory Federation Services (ADFS) to provide multi-factor authentication.
Okta security researcher Andrew Lee discovered the system have a serious vulnerability that was not only straightforward to exploit, doing so would render an organization’s multi-factor authentication controls virtually useless.
Lee discovered that someone with a username, password, and a valid 2-factor token for one account could use the same token to gain access to any other account in the organization in AD with only a username and password. Any employee who is given an account and specified their own second factor could use it to access other accounts. Essentially the token was like a hotel room key card that opens all rooms in the hotel.
Obtaining another employee’s login credentials would only require a phishing campaign to be conducted. If an individual responded and disclosed their credentials, their account could be accessed without the need for a second factor.
The vulnerability in question, which was patched by Microsoft on August 14 in its August Patch Tuesday updates, was present in how ADFA communicates. When a user tries to login, an encrypted context log is sent by the server which contains the second factor token but not the username. This flaw could be exploited to fool the system into thinking the correct token had been supplied, as no check was made to determine whether the correct token had been supplied for a specific user’s account. As long as one valid username, password and 2FA token combo was owned, the 2FA system could be bypassed.
Two factor Authentication is Not a Silver Bullet
These two factor authentication flaws show that while 2-factor authentication is an important control to implement, businesses should not rely on the system to prevent unauthorized accessing of accounts. The two-factor authentication flaws discussed here are unlikely to be the last to be uncovered.
2-factor authentication should be just one element of an organization’s defenses against phishing and hacking, along with spam filters web filters, firewalls, intrusion detection systems, antivirus solutions, network segmentation, and employee security awareness training. 2FA should not be viewed as a silver bullet to prevent unauthorized account access.
The past year has seen a steady increase in the number of reported email account compromises, with the healthcare industry one of the main targets for hackers.
Some of those breaches have seen the protected health information of thousands of patients compromised, with the largest phishing attack in 2018 – The phishing attack on Boys Town National Research Hospital – seeing more than 105,000 patients’ healthcare information exposed. Due to reporting requirements under HIPAA, healthcare phishing attacks are highly visible, although email account compromises are occurring across all industry sectors and the problem is getting worse.
284% Increase in Email Account Compromises in a Year
The increase in successful phishing attacks has been tracked by Beazley, a provider of specialist insurance services. The company’s research shows the number of reported phishing attacks increased every quarter since Q1, 2017 when there were 45 reported breaches that involved email accounts being compromised. In Q2, 2018, there were 184 email account compromises reported. Between Q1, 2017 and Q1, 2018, the number of reported data breaches involving compromised email accounts increased by 284%.
Why are email account compromises increasing? What do hackers gain from accessing email accounts rather than say, gaining access to networks which store vast amounts of data?
It can take a significant amount of time and effort to identify a vulnerability such a missed patch, an exposed S3 bucket, or an unsecured medical device, and exploit it.
By comparison, gaining access to an email account is relatively easy. Once access is gained, accessing further email accounts becomes easier still. If a hacker can gain access to an email account with the right level of administrative privileges, it may be possible for the entire mail system of an organization to be accessed.
If a hacker can gain access to a single email account, the messages in the account can be studied to gain valuable information about a company, its employees, and vendors. The hackers can identify further targets within an organization for spear phishing campaigns – termed Business Email Compromise (BEC) attacks – and attacks on contractors and suppliers.
Once One Account is Breached, Others Will Follow
If an executive’s email account is compromised, it can be used to send requests for wire transfers to the accounts department, HR can be emailed requesting W2-Forms that contain all the information necessary for filing fake tax returns and for identity theft. Requests can be sent via email to redirect employees’ paychecks and phishing emails can be sent to other employees directing them to websites where they have to divulge their email credentials.
Figures from the FBI show just how lucrative these Business Email Compromise (BEC) phishing attacks can be. Since October 2013, more than $12.5 billion has been lost to BEC attacks, up from $5.3 billion in December 2016.
Once access to the email system is gained, it is much easier to craft highly convincing spear phishing emails. Past email conversations can be studied, and an individual’s style of writing emails can be copied to avoid raising any red flags.
Email Account Compromises Are Costly to Resolve
Beazley also notes that email account compromises are some of the costliest breaches to resolve, requiring many hours of painstaking work to manually checking each email in a compromised account for PII and PHI. One example provided involved a programmatic search of compromised email accounts to identify PHI, yet that search uncovered 350,000 documents that required a manual check. The cost of checking those documents alone was $800,000.
Beazley also notes that when investigating breaches, the breached entity often discovers that only half of the compromised email accounts have been identified. The data breaches are usually much more extensive than was initially thought.
Unfortunately, once access to a single email account is gained, it is much harder to prevent further email compromises as technological controls are not so effective at identifying emails sent from within a company. However, it is relatively easy to block the initial phishing attempt.
How to Prevent Email Account Compromises
Many companies fail to implement basic controls to block phishing attacks. Even when a phishing-related breach is experienced, companies often remain susceptible to further breaches. The Ponemon Institute/IBM Security Cost of a Data Breach study showed there is a 27.9% probability of a company experiencing a further breach in the 24 months following a data breach.
To prevent phishing attacks, companies need to:
Deploy an advanced spam filtering solution that blocks the vast majority of malicious messages
Provide ongoing security awareness training to all staff and teach employees how to identify phishing emails
Conduct regular phishing simulation exercises to reinforce training and condition employees to be more security aware
Implement two-factor authentication to prevent attempts to access email accounts remotely
Implement a web filter as an additional control to block the accessing of phishing websites
Use strong, unique passwords or passphrases to make brute force and dictionary attacks harder
Limit or prevent third party applications from connecting to Office 365 accounts, which makes it harder for PowerShell to be used to access email accounts for reconnaissance.
In recent weeks, several large healthcare data breaches have been reported that have seen cybercriminals gain access to employees’ email accounts and sensitive data, although the recently disclosed UnityPoint Health phishing attack stands out due to the huge number of individuals that have been impacted and the extent of sensitive data exposed.
UnityPoint Health is one of the largest healthcare systems serving Iowa residents. The Des Moines-based healthcare provider recently discovered that its employees have been targeted in a phishing campaign that has seen several email accounts compromised. Those email accounts contained the sensitive information of approximately 1.4 million patients.
That not only makes this the largest phishing incident to have been suffered by a U.S. healthcare provider in 2018, it is also the largest healthcare data breach of 2018 and one of the most serious phishing attacks and data breaches ever reported.
The UnityPoint Health phishing attack has seen highly sensitive data compromised, including names, addresses, health insurance information, medical record numbers, diagnoses, treatment information, lab test results, medications, providers, dates of service, Social Security numbers, driver’s license numbers and, for a limited number of patients, their payment card information.
The phishing emails were sent to employees between March 14 and April 3, 2018, although the breach was not detected until May 31. As is common in phishing attacks on businesses, access to email accounts was gained through the impersonation of a senior executive.
A series of spoofed emails were sent to employees that appeared to have come from a trusted executive’s email account. Employees who opened the email were instructed to click a link that required them to enter their email login information. That information was captured by the attackers who were then able to gain access to the employees’ email accounts.
The UnityPoint Health phishing attack potentially gave the hackers access to all the information stored in the compromised email accounts – Information that could be used for identity theft and fraud. It is unclear whether mailboxes were downloaded, although UnityPoint Health said its forensic investigation suggests that the primary goal was to divert payroll payments and to use account access to fool accounts department staff into making fraudulent wire transfers. It is unclear if any of those attempts succeeded.
This is also not the only UnityPoint Health phishing attack to be reported this year. In March, UnityPoint Health announced that 16,400 patients had been affected by a separate phishing attack that saw multiple email accounts compromised.
The latest incident has prompted the healthcare provider to implement new technology to detect phishing and BEC attacks, multi-factor authentication has been implemented, and additional security awareness training has been provided to employees. Credit monitoring and identify theft monitoring services have been offered to patients whose driver’s license or Social Security number has been exposed, and all patients have been notified by mail.
As the Ponemon Institute’s 2018 Cost of a Data Breach Study showed, the cost of these million-record+ data breaches is considerable. The average cost of such a breach was estimated to be around $40 million.
One of the world’s biggest shipping firms – Cosco – has experienced a ransomware attack that has seen its local email system and network telephone in the Americas taken out of action as the result of widespread file encryption.
The Cosco ransomware attack is believed to have been contained in the Americas region. As a precaution and to prevent further spread to other systems, connections to all other regions have been disabled pending a full investigation. A warning has also been issued to all other regions warning of the threat of attack by email, with the firm telling its staff not to open any suspicious email communications. IT staff in other regions have also been advised to conduct scans of their network with antivirus software as a precaution.
The attack started on Tuesday, July 24, and its IT infrastructure remains down; however, the firm has confirmed that that attack has not affected any of its vessels which continue to operate as normal. Its main business systems are still operational, although the operators of terminals at some U.S ports are experiencing delays processing documentation and delivery orders.
It would appear that the Cosco ransomware attack is nowhere near the scale of the attack on the world’s biggest shipping firm A.P. Møller-Maersk, which like many other firms, fell victim to the NotPetya attacks last year. In that case, while the malware appeared to be ransomware, it was actually a wiper with no chance of file recovery.
The attack, which affected more than 45,000 endpoints and 4,000 servers, is estimated to have cost the shipping company between $250 million and $350 million to resolve. All servers and endpoints needed to be rebuilt, and the firm was crippled for 10 days. In that case, the attack was possible due to an unpatched vulnerability.
Another major ransomware attack was reported last week in the United States. LabCorp, one of the leading networks of clinical testing laboratories in the United States, experienced a ransomware attack involving a suspected variant of SamSam ransomware. While the variant of ransomware has not been confirmed, LabCorp did confirm the ransomware was installed as a result of a brute force attack on Remote Desktop Protocol (RDP).
Labcorp was both quick to detect the attack and contain it, responding within 50 minutes, although 7,000 systems and 1,900 servers are understood to have been affected. It has taken several days for the systems to be brought back online, during which time customers have been experiencing delays obtaining their lab test results.
Several cybersecurity firms have reported that ransomware attacks are in decline, with cryptocurrency mining offering better rewards, although the threat from ransomware is still ever present and attacks are occurring through a variety of attack vectors – exploitation of vulnerabilities, brute force attacks, exploit kit downloads, and, commonly, through spam and phishing emails.
To protect against ransomware attacks, companies must ensure security best practices are followed. Patches must be applied promptly on all networks, endpoints, applications, and databases, spam filtering software should be used to prevent malicious messages from reaching inboxes, web filters used to prevent downloads of ransomware from malicious websites, and all staff should receive ongoing cybersecurity awareness training.
Additionally, systems should be implemented to detect anomalies such as excessing file renaming, and networks should be segmented to prevent lateral movement in the event that ransomware is deployed.
Naturally, it is also essential that data are backed up regularly to ensure recovery is possible without having to resort to paying the ransom demand. As the NotPetya attacks showed, paying a ransom to recover files may not be an option.
In 2017, data breach mitigation costs fell year-on year; however, that appears to be a blip. The 2018 Cost of a Data Breach Study conducted by the Ponemon Institute (on behalf of IBM Security) has revealed data breach mitigation costs have risen once again.
The Ponemon Institute conducts the Cost of a Data Breach Study every year. For the 2018 study, the Ponemon Institute conducted interviews with 2,200 IT, data security, and compliance professionals from 477 companies in 15 countries, including the United States, United Kingdom, Germany, France, Canada, Brazil, Japan and Australia. The companies represented in the study came from a wide range of industry sectors. Each of those companies had experienced a data breach in the past 12 months.
Naturally, the larger the breach, the higher the cost of mitigation is likely to be. Breaches involving millions of records would naturally cost more to resolve than breaches of 50,000 records. Catastrophic data breaches – those involving millions of records – are not normally included in the study. This year was the first time that mega data breaches – those involving more than 1,000,000 records – were included, although they were treated separately.
The analysis of the main part of the study involved breaches ranging from 2,500 records to a little over 100,000 records. The average breach size was 24,615 records globally, 31,465 records in the United States, 22,800 records in the UK, and 19,200 records in Japan.
The costs associated with those data breaches was analyzed using the activity-based costing (ABC) methodology. The ABC methodology identified four process-related activities and assigned costs based on actual use. Those activities were Detection and Escalation, Post Data Breach Response, Breach Notifications, and Lost Business Cost. The analysis identified the average total cost of a data breach taking all four activity areas into account.
The study also revealed measures taken prior to the breach, during, and after, that can limit losses or increase data breach mitigation costs.
Average Data Breach Mitigation Costs Have Reached $3.86 Million
A data breach now costs an average of $3.86 million to revolve. Last year, the average cost of a data breach was $3.62 million. Data breach costs have therefore increased by 6.4% in the space of a year.
On average, per capita data breach mitigation costs rose by 4.8%, with a data breach costing, on average, $148 per record. Last year, the global average was $141 per record.
In addition to the rising cost, the severity of the breaches also increased, with the data breaches in this year’s sample impacting 2.2% more individuals on average.
Data breaches cost more to resolve in the United States than any other country. The average data breach mitigation costs in the United States is $7.91 million per breach. The lowest costs were in India, where the average breach cost was $1.77 million. The highest per capita costs were also in the United States at £233 per record.
Hackers and malicious insiders caused the most breaches and they were also the costliest to resolve at $157 per record. System glitches cost an average of £131 per record and breaches caused by human error cost the least at $128 per record.
Data breach costs varied considerably by industry sector, with healthcare data breach mitigation costs the highest by some distance at an average of $408 per record, followed by financial services breaches at $206 per record, services at $181 per record, and pharmaceutical industry breaches at $174 per record. Breaches in the education sector cost an average of $166 per record, retail industry breaches were $116 per record, and the lowest data breach mitigation costs were in the public sector at $75 per record.
The study of mega data breaches revealed a breach of 1 million records costs an estimated $39.49 million to resolve, while a breach of 50 million records costs an estimated $350 million. Since there were only 11 breaches of more than 1 million records in the sample it was not possible to accurately calculate the average cost of these breaches.
What Factors Affect Data Breach Mitigation Costs the Most?
For the study, 22 different factors were assessed to determine how they affected data breach mitigation costs. The most important cost saving measures that can be taken to reduce the cost of a data breach are having an incident response team ($14 less per record), widespread use of encryption ($13.1 less per record), BCM involvement ($9.3 less per record), employee training ($9.3 less per record), participation in threat sharing ($8.7 less per record) and use of an artificial intelligence platform ($8.2 less per record).
The main factors that increased data breach mitigation costs were third party involvement ($13.4 more per record), extensive cloud migration at the time of the breach ($11.9 more per record), compliance failures ($11.9 more per record), extensive use of mobile platforms ($10.0 more per record), lost or stolen devices ($6.5 more per record), and extensive use of IoT devices ($5.4 more per record).
With the cost of data breaches rising, more cyberattacks being conducted, and the likelihood of a breach being experienced now higher, it is essential not only for companies to implement layered security defenses, but also to make sure they are prepared for the worst.
Companies need to assume a breach will be experienced and policies and procedures need to be developed to deal with the breach when it happens. An incident response team should be prepared to spring into action to ensure everyone known what needs to be done when disaster strikes. The sooner a breach is identified and mitigated, the lower the breach mitigation costs will be.
The FBI has published its 2017 Internet Crime Report, which details the main types of online crime reported to its Internet Crime Complaint Center (IC3).
In 2017, businesses and consumers reported 301,580 incidents to IC3 and more than $1.4 billion was lost to cybercriminals. Of course, these are only reported losses. Many Internet crimes go unreported, so the true losses are likely to be substantially higher.
2017 saw more complaints of Internet crime than any other year since 2013 when the reports first started to be published.
Identity theft and corporate data breaches often make the headlines, although by far the biggest area of criminal activity are business email compromise (BEC) scams – or email account compromise (EAC) when the scams target individuals.
Business Email Compromise Scams – The Main Cause of Losses in 2017
More than three times as much money was lost to BEC and EAC scams than the next highest cause of losses: confidence fraud/romance scams. In 2017, the reported losses from BEC/EAC scams was $676,151,185.
Business email compromise and email account compromise scams involve the use of a compromised email account to convince individuals to make transfers of funds to accounts controlled by criminals or to send sensitive data via email.
BEC scams usually start with compromising the email account of the CEO, CFO or another board member – which is why this type of scam is also known as CEO fraud. Access to the executive’s email account is gained via brute force guessing of passwords or, most commonly, social engineering techniques and phishing scams.
Once access to the email account is gained, an email conversation is initiated with another member of the workforce, typically an individual responsible for making wire transfers. That individual is instructed to make a transfer to a new bank account – that of the attacker. Alternatively, the data of employees is requested – W2 Forms – or other sensitive company information. These scams often involve large transfers of funds. In 2017 there were 15,690 such scams reported to IC3, making the average loss $43,094.
Phishing Extensively Used in Internet Crime
Phishing, vishing, smishing and pharming were grouped together. They ‘only’ resulted in losses of $29,703,421, although the losses from these crimes are difficult to calculate accurately. The losses associated with phishing are grouped in many other categories. BEC scams often start with a phishing attack and research from Cofense suggests 91% of corporate data breaches start with a phishing email.
The 2017 Internet Crime Report reveals the extent to which phishing is used in cyberattacks. There were 25,344 phishing incidents reported to IC3 in 2017 – the third highest category of Internet crime behind non-payment/non-delivery and personal data breaches. Many personal data breaches start with a phishing email.
Ransomware Attack Mitigation Proves Expensive
In addition to the threat of BEC attacks, the FBI’s 2017 Internet Crime Report warns of the threat from ransomware. Ransomware only resulted in reported losses of $2.3 million and attracted 1,783 complaints, although it is worthy of a mention due to the considerable disruption that attacks can cause. The reported losses – in terms of the ransoms paid – may be low, but actual losses are substantially higher. The ransomware attack on the City of Atlanta in April 2018 saw a ransom demand of $52,000 issued, although the actual cost of mitigating the attack was reported to be at least $2.7 million in April. However, in June 2018, city Information Management head Daphney Rackley indicated a further $9.5 million may be required over the coming year to cover the cost of mitigating the attack.
Tech Support Fraud Losses Increased by 90%
Another hot topic detailed in the 2017 Internet Crime Report is tech support fraud – This is a widespread scam where individuals are fooled into thinking they have a computer problem such as a virus or malware installed, when they do not. Calls are made warning of detected malware, and users are directed to malicious websites via phishing emails where pop-up warnings are displayed, or screen lockers are used.
These scams usually require the victim to pay the scammer to remove a fictitious infection and provide them with remote access to a computer. In addition to the scammers charge for removing the infection, sensitive data such as usernames, passwords, Social Security numbers, and bank account information are often stolen. 2017 saw a 90% increase in losses from tech support scams.
Protecting Against Internet Crime
One of the most important defenses for businesses to implement to protect against the leading cause of financial losses is an advanced spam filtering solution. Business email compromise scams often start with a phishing email and effective spam filtering will reduce the potential for email accounts to be compromised. Ransomware and malware are also primarily distributed via email. An advanced spam filter such as SpamTitan will block 100% of all known malware and prevent malicious messages from being delivered to inboxes.
Security awareness training is also essential. Malicious messages will make it past spam filtering solutions on occasion, so it is important for all end users to be prepared for malicious messages and taught security best practices. Training should be provided to every individual in the company with a corporate email account or access to an Internet facing computer, including board members.
A web filtering solution is also an important consideration. A web filter is an additional anti-malware control that can be used to prevent employees from visiting malicious websites – either via links in emails, redirects, or through general web browsing. A web filter, such as WebTitan, will block ransomware and malware downloads and prevent end users from accessing the types of phishing websites used to initiate BEC attacks.
These three cybersecurity measures should be part of all organizations’ cybersecurity defenses. They will help to prevent businesses from being included in next year’s FBI Internet Crime Report.
The UK Government’s Department for Digital, Culture, Media, & Sport has published its Cybersecurity Breaches Survey for 2018. The survey, conducted by Ipsos MORI, was a quantitative and qualitative survey conducted in the winter of 2017 on 1,519 UK businesses and 569 UK registered charities.
The purpose of the cybersecurity breaches survey was to identify the nature and significance of cyberthreats, determine how prevalent cyberattacks are, and what is being done to prevent such attacks.
The cybersecurity breaches survey revealed UK businesses and charities are being targeted by cybercriminals intent on gaining access to sensitive information, email accounts, corporate networks, and bank accounts and attacks are on the rise.
43% of businesses and 19% of charities experienced a cybersecurity breach or cyberattack in the past 12 months with large businesses and charities more likely to be attacked. 72% of large businesses – those with more than 250 employees – and 73% of large charities – with incomes over £5 million – experienced a cyberattack in the past year.
While not all security breaches result in material losses such as theft of data or personal information, when there is a material outcome the costs can be significant. The average costs of breaches with a material outcome is £3,100 for businesses and £1,030 for charities, although the larger the business, the greater the cost. Medium sized businesses have average costs of £16,100 and large businesses have an average breach cost of £22,300.
The high probability of a breach occurring and the high cost of remediating breaches has seen cybersecurity become a priority for senior managers. The percentage of businesses (74%) and charities (53%) that say cybersecurity is a high priority has risen year on year and the percentage of businesses (30%) and charities (24%) that say cybersecurity is a low priority has fallen once again. Cybersecurity is also now a high priority for many small businesses (42%) having risen from 33% last year when the survey was conducted. Cybersecurity may be a high priority, but just 3 out of 10 businesses and under a quarter of charities have board members with a responsibility for cybersecurity.
The most common type of breaches and cyberattacks involve fraudulent emails directing employees to malicious websites. 75% of UK businesses and 74% of UK charities that experienced a breach in the past year experienced these types of attacks. Email impersonation attacks were the second most common breach type with 28% of UK businesses and 27% of UK charities saying they had experienced these types of incidents in the past 12 months.
Not only are these types of attacks common, they also cause the most disruption. 48% of UK businesses and charities said fraudulent emails and being directed to malicious websites caused the most disruption out of all cybersecurity breaches experienced, well ahead of malware infections which were rated as the most disruptive cyberattacks by 13% of UK businesses and 12% of UK charities.
The cybersecurity breaches survey clearly highlights the importance of implementing robust defenses to prevent malicious emails from being delivered to employees’ inboxes and to ensure staff are well trained and taught how to identify malicious emails.
TitanHQ offers two cybersecurity solutions that can help UK businesses block the most common and most disruptive types of cyberattack. SpamTitan is a powerful spam filtering solution that blocks more than 99.97% of spam emails and 100% of known malware from being delivered to end users’ inboxes.
WebTitan is a cloud-based web filtering solution that prevents employees from visiting malicious websites, such as those used in phishing emails to steal credentials and spread malware. Implementing these solutions is far cheaper than having to cover the cost of remediating cyberattacks.
There is also clearly a problem with training in the UK. Only 20% of UK businesses and 15% of UK charities have had staff attend internal or external cybersecurity training in the past year, even though security awareness training has clearly been shown to be effective at reducing susceptibility to email-based attacks.
Data breach costs have risen considerably in the past year, according to a recent study of corporate IT security risks by Kaspersky Lab. Compared to 2016, the cost of a data breach for enterprises increased by 24% in 2017, and by even more for SMBs, who saw data breach costs rise by 36% in 2017.
The average cost of data breach recovery for an average-sized enterprise is now $1.23 million per data breach, while the cost for SMBs is now $120,000 per incident.
For the study, Kaspersky Lab surveyed 6,614 business decision makers. Respondents were asked about the main threats they have to deal with, cybersecurity incidents they have experienced in the past year, how much they spent resolving those incidents, and how that money was spent.
When a data breach is experienced, the costs can quickly mount. Enterprises and SMBs must contain the attack, scan systems for malware and backdoors, and pay for improvements to security and infrastructure to prevent similar attacks from occurring in the future. Staff need to receive additional training, new staff often need to be brought in, and third-parties hired to assist with recovery and security assessments.
Data breach recovery can take time and considerable effort. Additional wages have to be paid to staff assisting in the recovery process, there can be losses due to system downtime, repairing damage to a brand prove costly, credit monitoring and identity theft recovery services may have to be provided to breach victims, insurance premiums rise, credit ratings drop, and there may also be regulatory fines to cover.
The largest component of data breach costs is making emergency improvements to security and infrastructure to prevent further attacks, which is around $193,000 per breach for enterprises, the second biggest cost for enterprises is repairing reputation damage, which causes major increases in insurance costs and can severely damage credit ratings. On average, this costs enterprises $180,000. Providing after-the-event security awareness training to the workforce was the third biggest cost for enterprises at $137,000.
It is a similar story for SMBs who typically pay around $15,000 for each of the above three cost categories. A lack of inhouse expertise means SMBs often have to call in cybersecurity experts to assist with making improvements to security and for forensic analyses to determine how access to data was gained.
Data breaches affecting third-party hosted infrastructure are the costliest for SMBs, followed by attacks on non-computing connected devices, third party cloud services, and targeted attacks. For enterprises, the costliest data breaches are targeted attacks followed by attacks on third-party infrastructure, attacks on non-computing connected devices, third party cloud services, and leaks from internal systems.
The high cost of recovering from a data breach means a successful cyberattack on an SMB could be catastrophic, forcing the company to permanently shut its doors. It is therefore no surprise that businesses are allocating more of their IT budgets to improving their security defenses. Enterprises are now spending an average of $8.9 million on cybersecurity each year, while SMBs spend an average of $246,000. Even though the cost of additional cybersecurity defenses is high, it is still far lower than the cost of recovering from data breaches.
While data breach prevention is a key driver for greater investment in cybersecurity, that is far from the only reason for devoting a higher percentage of IT budgets to security. The main drivers for increasing security spending are the increasing complexity of IT infrastructure (34%), improving the level of security expertise (34%), and management wanting to improve security defenses (29%).
Another school district has fallen victim to a ransomware attack, which has seen files encrypted and systems taken out of action for two weeks. The Leominster school district ransomware attack saw a ransom demand of approximately $10,000 in Bitcoin was issued for the keys to unlock the encrypted files, which includes the school’s entire student database.
School districts attacked with ransomware often face a difficult decision when ransomware is installed. Attempt to restore systems and recover lost data from backups or pay the ransom demand. The first option is time consuming, costly, and can see systems remain out of action for several days. The second option includes no guarantees that the attackers will make good on their promise and will supply valid keys to unlock the encryption. The keys may not be held, it may not be possible to unlock files, or a further ransom demand could be issued. There have been many examples of all three of those scenarios.
The decision not to pay the ransom demand may be the costlier option. The recent ransomware attack on the City of Atlanta saw a ransom demand issued in the region of $50,000. The cost of recovering from the attack was $2.6 million, although that figure does include the cost of improvements to its security systems to prevent further attacks.
School districts are often targeted by cybercriminals and ransomware offers a quick and easy way to make money. The attackers know all too well that data can most likely be recovered from backups and that the ransom does not need to be paid, but the cost of recovery is considerable. Ransom demands are set accordingly – high enough for the attackers to make a worthwhile amount, but low enough to tempt the victims into paying.
In the case of the Leominster ransomware attack, the second option was chosen and the ransom demand of was paid. That decision was taken after carefully weighing up both options. The risk that no keys would be supplied was accepted. In this case, they were supplied, and efforts are well underway to restore files and implement further protections to ensure similar incidents do not occur in the future.
Even though the ransom was paid, the school district was still without access to its database and some of its computer systems two weeks after the attack. Files were encrypted on April 14, but systems were not brought back online until May 1.
Unfortunately for the Leominster School District, ransom payments are not covered by its cyberinsurance policy, so the payment had to come from its general fund.
There is no simple way to defend against ransomware attacks, as no single cybersecurity solution will prove to be 100% effective at blocking the threat. Multiple attack vectors are used, and it is up to school districts to implement defenses to protect the entire attack surface. The solution is to defend in numbers – use multiple security solutions to create layered defenses.
Some of the most important defenses include:
An advanced firewall to defend the network perimeter
Antivirus and anti-malware solutions on all endpoints/servers
Vulnerability scanning and good patch management policies. All software, systems, websites, applications, and operating systems should be kept up to date with patches applied promptly
An advanced spam filtering solution to prevent malicious emails from being delivered to end users. The solution should block all executable files
Disable RDP if it is not required
Provide security awareness training for employees and teach staff and students the skills to enable them to identify malicious emails and stop risky behaviors
A web filtering solution capable of blocking access to malicious websites
The cost of implementing these solutions is likely to be far lower than the cost of a ransom payment and certainly lower than the cost of mitigating a ransomware attack.
The cost of the Equifax data breach has risen to more than $242 million, and that figure will continue to rise and could even double.
According to the Equifax financial report for the first quarter of 2018, the total spent on mitigation and preventative measures to avoid a further security breach is now $242.7 million.
The breach, which was made public in September 2017, affected 147.9 million customers, making it one of the largest data breaches ever discovered and certainly one of the most serious considering the types of data involved. Yahoo may have experienced much larger breaches, but the data exposed in those incidents was far less sensitive.
Fortunately for Equifax, it holds a sizable insurance policy against cybersecurity incidents. The policy will cover up to $125 million of the cost, minus a $7.5 million deductible. That insurance policy has already paid out $60 million, with $10 million in payments received in the first quarter of 2018.
The breakdown of cost of the Equifax data breach so far for Q1, 2018 is:
$45.7 million on IT security
$28.9 million on legal fees and investigation of the breach
$4.1 million on product liability
$10 million has been recovered from an insurance payout.
The net expenses from the breach in the first quarter of 2018 was $68.7 million. That is on top of the $114 million spent in the final quarter of 2017, which is broken down as $64.6 million on product costs and customer support, $99.4 million on professional fees, minus $50 million that was paid by its insurance carrier. The net spend so far for Q4, 2017 and Q1, 2018 is $140.5 million, although Equifax reports that the total costs related to the cybersecurity incident and incremental IT and data security costs has been $242.7 million.
Equifax has also reported that throughout 2018 and 2019 the firm will be investing heavily in IT and is committed to building an industry-leading data security system, although the firm has not disclosed how much it is expecting to spend, as the company does not have visibility into costs past 2018.
Equifax has predicted that there will be at least a further $275 million in expenses related to the cyberattack which must still be covered, although a further $57.5 million should be covered by its insurance policy.
While considerable costs have been incurred so far, the firm has done little to repair the reputational damage suffered as a result of the breach and has yet to hire many of the new staff it plans to bring in to help with the breach recovery, including a new CTO. The firm has said that it is taking a very aggressive approach in attracting the top talent in both IT and data security.
The high cost of the Equifax data breach to date, and the ongoing costs, is likely to make this the most expensive data breach of all time.
A warning has been issued to the healthcare industry over an extensive campaign of targeted cyberattacks by the Orangeworm threat group. The Orangeworm threat group has been operating since 2015, but activity has been largely under the radar. It is only recently that the group’s activities have been identified and disclosed.
Attacks have been conducted on a range of industries, although the primary targets appear to be large healthcare organizations. 39% of confirmed attacks by the Orangeworm threat group have been on organizations in the healthcare industry, including large healthcare providers and pharmaceutical firms. IT service providers, manufacturers, and logistics firms have also been attacked, many of which have links to the healthcare industry.
Some of the IT service providers discovered to have been attacked have contracts with healthcare organizations, while logistics firms have been attacked that deliver medical equipment, as have manufacturers of medical devices. The aim appears to be to infect and investigate the infrastructure of the entire supply chain.
The Orangeworm threat group is using a custom backdoor, which is deployed once access to a network is gained. First the backdoor is deployed on one device, giving the Orangeworm threat group full control of that device. The backdoor is then aggressively spread laterally within a network via unprotected network shares to infect as many devices as possible with the Kwampirs backdoor. While some steps have been taken by the group to avoid detection, this lateral worm-like movement is noisy and easily detected. The threat group does not seem to be overly concerned about hiding its activity.
This attack method works best on legacy operating systems such as Windows XP. Windows XP is no longer supported, and even though the continued use of the operating system is risky and in breach of industry regulations, many healthcare organizations still have many devices operating on Windows XP, especially machines connected to imaging equipment such as MRI and X-Ray machines. It is these machines that have been discovered to have been infected with the Kwampirs backdoor.
Once access is gained, the group is spending a considerable amount of time exploring networks and collecting information. While the theft of patient health information is possible, this does not appear to be a financially motivated attack and systems are not sabotaged.
Symantec, which identified a signature which has allowed the identification of the backdoor and raised the alert about the Orangeworm threat group, believes this is a large-scale espionage campaign with the aim of learning as much as possible about the targets’ systems. What the ultimate goal of the threat group is, no one knows.
The method of spreading the backdoor does not have the hallmarks of nation-state sponsored attacks, which tend to use quieter methods of spreading malware to avoid detection. However, the attacks are anything but random. The companies that have been attacked appear to have been targeted and well researched before the attacks have taken place.
That suggests the Orangeworm threat group is a cybercriminal gang or small collective of hackers, but the group is clearly organized, committed to its goals, and is capable of developing quite sophisticated malware. However, even though the group is clearly capable, and has operated under the radar for three years, during that time no updates have been made to their backdoor. That suggests the group has been confident that they would not be detected, or that they simply didn’t see the need to make any updates when their campaign was working so well.
While espionage may be the ultimate aim, the Orangeworm threat group could easily turn to more malicious and damaging attacks. Once the backdoor has been installed on multiple devices, they would be under full control of the hackers. The group has the capability to deploy malware such as wipers and ransomware and cause considerable damage or financial harm.
The ease at which networks can be infiltrated and the backdoor spread should be of major concern for the healthcare industry. The attacks show just how vulnerable the industry is and how poorly protected many organizations are.
The continued use of outdated and unsupported operating systems, a lack of network segmentation to prevent lateral movement once access has been gained, the failure to protect network shares, and poor visibility of the entire network make these attacks far too easy. In fact, simply following security best practices will prevent such attacks.
The attacks by the Orangeworm threat group should serve as a wakeup call to the industry. The next wave of attacks could be far, far worse.
What is the future of the system administrator? What can sysadmins expect over the coming months and years and how are their jobs likely to change? Our predictions on what is likely to happen to the role in the foreseeable future.
What Does the Future of the System Administrator Have in Store?
The system administrator is an important role in any organization. Without sysadmins to deal with the day to day IT problems faced by organizations, the business would grind to a halt. Sysadmins also play an essential role in ensuring the security of the network by taking proactive steps to keep systems secure as well as responding to threats before they result in a data breach. With more cyberattacks occurring, increasingly complex IT systems being installed, and the fast pace of technological development, one thing is for sure: The future of the system administrator is likely to continue to involve long hours and hard work.
It is also easy to predict that the future of the system administrator will involve major changes to job descriptions. That has always been the case and never more so than now. There will be a continued need for on the job training and new systems and processes must continue to be learned. Being a System administrator is therefore unlikely to be boring.
According to data from the US Bureau of Labor Statistics, there is likely to be sustained growth in the profession for the next two years. While the forecast was previously 12% growth, this has now been reduced to 6% – similar to other occupations. The increased automation of many sysadmin tasks is partly responsible for this decline in growth, since businesses are likely to need less staff as manual processes are reduced. That said, the figures indicate demand for IT workers will remain high. Even with newer, faster technology being implemented, staff are still required to keep everything running smoothly.
XaaS, the Cloud, Virtualization, and VoIP Use to Grow
Unfortunately, while automation means greater efficiency, it can entail many hidden costs. For a start, with more automation it can become harder to determine the source of a problem when something goes wrong. Increased automation also means the system administrator must become even more knowledgeable. Automation typically involves scripting in various languages, so while you may have been able to get away with knowing Python or Windows PowerShell, you will probably need to become proficient in both, and maybe more.
If you are considering becoming a system administrator, now is the time to learn your first scripting language, as it will make it easier to learn others on the job if you understand the basics. It will also help you to get the job in the first place. The more you know, the better.
Use of the cloud is increasing, especially for backup and archiving, which in turn has reduced the need for server-centered tasks. While there has been a reduction in labor-intensive routine data operations, there has been a rise in the need to become proficient in the use of Application Programming Interfaces (APIs).
While many functions are now being outsourced through XaaS, it is still important to understand those functions. The future of the system administrator is likely to require XaaS to be screened and assessed to make sure those services match the IT needs of the organization. Sales staff will likely say their XaaS meets all business needs. Having an SA that understands the functions, the technology, and the needs of the business will be invaluable for screening out the services that are unsuitable.
To cut costs, many businesses are turning to VoIP. While this does offer considerable cost savings, businesses cannot tolerate less than the 99.999% of uptime offered by phone companies. The future of the system administrator is therefore likely to involve a thorough understanding of the dynamics of network load.
Virtualization has also increased, with a myriad of virtual networks making the SA’s job more complex. That means knowledge of switching and routing will have to improve.
Communication, Collaboration, and Negotiation Skills Required
The SA’s job no longer just involves studying manuals and learning new systems. SAs are now expected to be able to communicate more effectively, understand the business, and collaborate with others. SAs will need strong communication skills, must become excellent collaborators, and also be skilled at negotiation. Fortunately, there are many courses available that can help SAs improve in these areas.
The SamSam ransomware attacks are continuing and the threat actors behind the campaign are showing no sign of stopping. So far in 2018 there have been at least 10 attacks in the United States, although many more may have gone unreported. Most of the known attacks have hit government agencies, municipalities, and healthcare organizations – all of whom are required to disclose attacks.
The attacks have caused massive disruption, taking computers, servers, and information systems out of action for several days to several weeks. Faced with the prospect of continued disruption to essential business processes, some organizations have chosen to pay the ransom – a risky strategy since there is no guarantee that the keys to unlock the encryption will work or even be supplied.
Others have refused to be extorted, often at great cost. One U.S. healthcare provider, Erie County Medical Center, took six weeks to fully recover from the attack. Mitigating the attack has cost several million dollars.
Multiple SamSam ransomware attacks are possible as the Colorado Department of Transportation discovered. After recovering from an attack in February, a second attack occurred in March.
It is not only financial harm that is caused by the attacks. Another hospital was attacked, and its outpatient clinic and three physician hospitals were unable to view histories or schedule appointments. The ransomware attack on the electronic medical record provider AllScripts saw its EMR systems taken out of action for several days. During that time, around 1,500 medical centers were unable to access patient health records resulting in many cancellations of non-critical medical appointments.
The March SamSam ransomware attack on the City of Atlanta brought many government services to a grinding halt. The extensive attack forced the shutdown of many systems, many of which remained inaccessible for six days. Bills and parking tickets couldn’t be paid and court proceedings had to be cancelled. The huge backlog of work continued to cause delays when systems were restored.
While the SamSam ransomware attacks have been concentrated on just a few industry sectors, the attacks are not necessarily targeted. What the victims have in common is they have been found to have easily exploitable vulnerabilities on public facing servers. They were attacked because mistakes had been made, vulnerabilities had not been patched promptly, and weak passwords had been set.
The threat actors behind the latest SamSam ransomware attacks have not been confirmed, although researchers at Secureworks believe the attacks are being conducted by the Gold LOWELL threat group. It is not known whether they are a defined group or a network of closely affiliated threat actors. What is known, whether it is GOLD LOWELL or other group, is they are largely staying under the radar.
What is more certain is the SamSam ransomware attacks will continue. In the first four weeks of January, the Bitcoin wallet used by the attackers showed $325,000 of ransom payments had been paid. The total in April is likely to be substantially higher. Hancock Health, one of two Indiana hospitals attacked this year, has confirmed that it paid a ransom demand of approximately $55,000 for the keys to unlock the encryption. As long as the attacks remain profitable and the threat actors can stay under the radar, there is no incentive to stop.
In contrast to many threat actors that use phishing emails and spam messages to deliver ransomware downloaders, this group exploits vulnerabilities on public-facing servers. Access is gained to the network, the attackers spend time navigating the network and moving laterally, before the ransomware payload is finally deployed. Detecting network intrusions quickly may prevent file encryption, or at least limit the damage caused.
The ongoing campaign has now prompted the U.S. Department of Health and Human Services’ Healthcare Cybersecurity Integration and Communications Center (HCCIC) to issue a warning to healthcare organizations about the continued threat of attacks. Healthcare organizations should heed the advice of the HCCIC and not only implement defences to block attacks but also to prepare for the worst. If contingency plans are made and incident response procedures are developed in advance, disruption and cost will be kept to a minimum.
That advice from the HCCIC to prevent SamSam ransomware attacks is:
Conduct vulnerability scans and risk assessments to identify potential vulnerabilities
Ensure those vulnerabilities are remediated
Ensure patches are applied promptly
Use strong usernames and passwords and two-factor authentication
Limit the number of users who can login to remote desktop solutions
Restrict access to RDP behind firewalls and use a VPN or RDP gateway
Use rate limiting to stop brute force attacks
Ensure backups are made for all data to allow recovery without paying the ransom and make sure those backups are secured
Develop a contingency plan to ensure that the business can continue to function while the attack is mitigated
Develop procedures that can easily be followed in the event of a ransomware attack
Implement defenses capable of detecting attacks quickly when they occur
Conduct annual penetration tests to identify vulnerabilities and ensure those vulnerabilities are rapidly addressed
A city of Atlanta ransomware attack has been causing havoc for city officials and Atlanta residents alike. Computer systems have been taken out of action for several days, with city workers forced to work on pen and paper. Many government services have ground to a halt as a result of the attack.
The attack, like many that have been conducted on the healthcare industry, involved a variant of ransomware known as SamSam.
The criminal group behind the attack is well known for conducting attacks on major targets. SamSam ransomware campaigns have been conducted on large healthcare providers, major educational institutions, and government organizations.
Large targets are chosen and targeted as they have deep pockets and it is believed the massive disruption caused by the attacks will see the victims pay the ransom. Those ransom payments are considerable. Demands of $50,000 or more are the norm for this group. The City of Atlanta ransomware attack saw a ransom demand issued for 6 Bitcoin – Approximately $51,000. In exchange for that sum, the gang behind the attack has offered the keys to unlock the encryption.
SamSam ransomware attacks in 2018 include the cyberattack on the electronic health record system provider Allscripts. The Allscripts ransomware attack saw its systems crippled, with many of its online services taken out of action for several days preventing some healthcare organizations from accessing health records. The Colorado Department of Transportation was also attacked with SamSam ransomware.
SamSam ransomware was also used in an attack on Adams Memorial Hospital and Hancock Health Hospital in Indiana, although a different variant of the ransomware was used in those attacks.
A copy of the ransom note from the city of Atlanta ransomware attack was shared with the media which shows the same Bitcoin wallet was used as other major attacks, tying this attack to the same group.
SecureWorks, the cybersecurity firm called in to help the City of Atlanta recover from the attack, has been tracking the SamSam ransomware campaigns over the past few months and attributes the attacks to a cybercriminal group known as GOLD LOWELL, which has been using ransomware in attacks since 2015.
While many ransomware attacks occur via spam email with downloaders sent as attachments, the GOLD LOWELL group is known for leveraging vulnerabilities in software to install ransomware. The gang has exploited vulnerabilities in JBoss in past attacks on healthcare organizations and the education sector. Flaws in VPNs and remote desktop protocol are also exploited.
The ransomware is typically deployed after access to a network has been gained. SecureWorks tracked one campaign in late 2017 and early 2018 that netted the gang $350,000 in ransom payments. The earnings for the group have now been estimated to be in the region of $850,000.
Payment of the ransom is never wise, as this encourages further attacks, although many organizations have no choice. For some, it is not a case of not having backups. Backups of all data are made, but the time taken to restore files across multiple servers and end points is considerable. The disruption caused while that process takes place and the losses suffered as a result are often far higher than any ransom payment. A decision is therefore made to pay the ransom and recover from the attack more quickly. However, the GOLD LOWELL gang has been known to ask for additional payments when the ransom has been paid.
The city of Atlanta ransomware attack commenced on Thursday March 22, and with the gang typically giving victims 7 days to make the payment. The city of Atlanta only has until today to make that decision before the keys to unlock the encryption are permanently deleted.
However, yesterday there were signs that certain systems had been restored and the ransomware had been eradicated. City employees were advised that they could turn their computers back on, although not all systems had been restored and disruptions are expected to continue.
As of today, no statement has been released about whether the ransom was paid or if files were recovered from backups.
How to Defend Against Ransomware Attacks
The city of Atlanta ransomware attack most likely involved the exploitation of a software vulnerability; however, most ransomware attacks occur as a result of employees opening malicious email attachments or visiting hyperlinks sent in spam emails.
Last year, 64% of all malicious emails involved ransomware. An advanced spam filter such as SpamTitan is therefore essential to prevent attacks. End users must also be trained how to recognize malicious emails and instructed never to open email attachments or click on links from unknown senders.
Software must be kept up to date with patches applied promptly. Vulnerability scans should be conducted, and any issues addressed promptly. All unused ports should be closed, RDP and SMBv1 disabled if not required, privileged access management solutions deployed, and sound backup strategies implemented.