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SURPRISING CYBERSECURITY WEAK POINTS BUSINESS OWNERS SHOULD LOOK OUT FOR

Charlie Fletcher@charlie_f365
April 17, 2022 10:10 AM
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Image Credit: weerapatkiatdumrong // Getty

Learn how your company can create applications to automate tasks and generate
further efficiencies through low-code/no-code tools on November 9 at the virtual
Low-Code/No-Code Summit. Register here.

--------------------------------------------------------------------------------



Cybersecurity has taken on new levels of importance facing redoubled cyber
attacks. The post-pandemic digital landscape is fraught with threats. In fact,
these attacks peaked in December of 2021 with a slew of Log4j exploits. The
popular Java-based logging utility is only one surprising cybersecurity weak
point that business owners should look out for, however. 

Additionally, flaws in both human cybersecurity measures and protective
technology create vulnerabilities for companies. By exploring these weaknesses
in-depth, you can create actionable plans to shore up your digital integrity. 

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Panel Discussion From Data Literacy to Proficiency: A Journey to Weave Data and
Learning into Company Culture
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TOP ARTICLES







Panel Discussion From Data Literacy to Proficiency: A Journey to Weave Data and
Learning into Company Culture


From increasingly ingenious phishing schemes to breakthroughs in offensive AI,
digital threats expose the weakness in our IT frameworks and data systems.
Identifying these weaknesses is crucial, as 85% of IT professionals pivot toward
passwordless technology. What follows are the cybersecurity vulnerabilities you
should address as a business owner. 


PHISHING, SMISHING, AND HUMAN ERROR

Phishing is one of the most nefarious and impactful forms of cyberattack,
typically drawing on fraud and social engineering to infiltrate a system.
Although business email compromise (BEC) attacks make up a small portion of all
cybercrime, the damages can be the most costly. With over $345 million in
estimated losses from these attacks, zero-trust email security systems are a
must.


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Now, phishing has changed to be more subtle and attackers are able to infiltrate
in ways most workers might not expect. “Smishing” or phishing with SMS texts is
one example of this. Cybercriminals send out disguised texts with links. When
employees open them, they are lured to duplicitous sites where personal
information can be obtained or rootkits installed. From here, business accounts
are subject to hacking, malware, and theft. 

IBM found that human error contributes at least partially to 95% of all data
breaches. With more convincing phishing schemes targeting businesses, these
instances of human error will only increase. For business owners, embracing
zero-trust authorization measures alongside comprehensive security training and
practices will be key to mitigating this vulnerability.

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OUTDATED SOFTWARE

After human error, outdated software can be one of your biggest cybersecurity
vulnerabilities. Failing to update a system puts you at greater risk of attack
because the older a version of unpatched software, the longer attackers have had
to determine that version’s vectors and vulnerabilities. Outdated software comes
with outdated security credentials. Wherever consumer, financial, or backend
data is concerned, the software you use to manage it presents a vulnerability
without consistent updates. 

Take the popular Customer Service Management (CMS) software Drupal 7 and 8, for
example. Both these modules are losing (or have already lost) support. Yet, many
businesses still rely on them to manage customer data. To mitigate weak points,
you need data governance plus up-to-date support. This means switching to Drupal
9 or other headless CMS platforms. 

This is just one example, however. Every software tool and data-driven platform
you use in the course of business should be kept up to date to prevent problems.
Even cryptocurrency wallets and payments systems can pose a larger threat if out
of date.

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CRYPTOCURRENCY INFILTRATION

Cryptocurrencies, their wallets, and their payment systems are often recommended
for their elevated levels of security. However, crypto tech is subject to risk
of cyber threat just like any connected technology — decentralized or not. For
exampe, cybercriminals can compromise trading platforms and steal private
information.

This means that businesses that incorporate cryptocurrency in any form must be
aware of its weak points and ideal security practices. Wherever third parties
exchange information, there’s a chance a hacker could infiltrate the system.
That’s why measures like decentralized digital identity (DDID) solutions are
emerging as a means of streamlining data ownership. The user creates their
unique identity, which comes with private keys that are checked against the
authorization process. 

Explore the vulnerabilities of any cryptocurrency practices you implement, then
strengthen your approach with comprehensive authorization tools. Artificial
intelligence is a means to achieve this — but AI can be a double-edged sword.

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OFFENSIVE AI

The power of AI to transform cyber defense has not yet reached its limitations —
if indeed it has any. However, cybercriminals are utilizing the power of AI to
go on the offensive as well. Tapping into an AI’s ability to learn and improve
through data modeling, hackers are finding new success when it comes to picking
at systems to find vulnerabilities. Emotet is one such example of a prototype
offensive AI that brute forces its way through passwords, leading to breaches in
the worst-case scenario and lost productivity through lockouts and resets in the
best case. 

These smart attacks can impersonate users, hide in the background, and tailor
attacks to specific systems. Conflicting endpoints, partial patch management,
and disparate legacy systems all increase the opportunity for offensive AI to
slip through. However, systems like the Ivanti Neurons platform are also using
AI to bridge these security gaps. 

With AI and deep learning, Ivanti and other security providers are developing
systems for IT Service Management (ITSM) that protect data through automated
configurations, remediation, and zero-trust control. Though only 8% of
businesses have adopted defensive AI like this so far, trends in AI-powered
cybersecurity are elevating business protections in meaningful ways. That said,
AI on its own is only one layer of the multifaceted defense strategies you
should employ.

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CATCHING CYBERSECURITY WEAK SPOTS

Catching cybersecurity vulnerabilities isn’t easy. It requires an expert
awareness of phishing schemes, software status, infiltration points, and
offensive tools. These weaknesses threaten the integrity of data systems and can
lead to devastating damages for businesses. As a business owner, look out for
these threats as you develop a more modern and comprehensive approach to digital
security.

Charlie Fletcher is a freelance writer covering tech and business.


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