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Enterprise Security Magazine | Friday, March 03, 2023
Cyber threats are changing quickly, and cybercrime has become a well-organized underground business.
FREMONT, CA: Cyber threats are changing quicker than ever, and the cybercriminal underground has evolved into a well-organized ecosystem. In 2021, ransomware activity significantly increased. The number of attacked businesses reported by sources nearly doubled, from 1,460 to 2,860. Professionals in this field must keep abreast of evolving forms of cybercrime to adequately counteract these dangers.
This article looks at a few themes to discuss the future of cybercrime threat intelligence and how businesses can prepare for it.
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Cyberattacks are increasing in frequency and cost
Some estimates say a cyberattack hit almost two-thirds of businesses in the past year. The world economy loses about $445 billion every year because of these attacks, and the situation will only worsen.
With the increasing level of connectivity, it has become increasingly crucial for businesses to keep their data safe. Companies need to learn more about the growing number of cyber threats, find weak spots in their systems, and devise plans to deal with them. Security teams need access to information they can use to spot attacks, figure out how bad they are, and deal with them.
Cybercriminals are collaborating more and becoming more specialized
Nowadays, organized organizations carry out almost all cybercrime. The lone hacker virtually no longer exists. Even amateur writers work in small groups. The greatest and most complex attacks necessitate the expertise of dozens or even hundreds of attackers. The most prolific cybercriminals are now specialized and collaborate with other hackers and criminal organizations.
These groups are experts at making viruses, stealing credit card information, starting DDoS attacks, and breaking into business networks. They can overcome the abilities and competencies that each individual lacks by cooperating. Their teamwork enables them to conduct far more destructive attacks than any hacker could ever hope to do.
In recent years, these groups have become increasingly audacious and clever. They operate similarly to enterprises. Understanding what these criminal groups are up to, the types of attacks they often employ, and the types of businesses they typically target can assist corporations in assessing their cybercrime attack surface and risk of attack.
The sophistication of botnets and automated malware deployment mechanisms is increasing
As the Internet of Things grows, so does the attack potential. As more and more gadgets connect to the internet, new entry points for malicious actors are created. As the sophistication of these devices increases, so do the tools and strategies employed by attackers.
Malware has been spread increasingly through bots and other automated means over the past few years. These inexpensive and simple-to-use tools lower the skill threshold for cybercriminals. The sophistication of these attacks makes identifying and defending them more difficult.
In addition, the use of encrypted communications by attackers has increased. This makes it challenging for security personnel to track and monitor intruders. As encryption becomes more pervasive, it becomes harder to defend against attacks that employ it.
These trends show that everyone, not just those who run essential infrastructure, needs better threat intelligence. As threats get more complicated, organizations need to make sure that their sources of threat intelligence provide fast, reliable, and relevant security information.
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