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The True Cost of DoS Attacks

By Patch ManagementNo Comments

The True Cost of DoS Attacks

There's a high price to pay for DoS attacks in 2020. With costs rapidly rising, what is the best IT security strategy?

A Denial of Service (DoS) attack can seriously derail any business with a digital presence. These attacks are still prevalent in 2020 and the cost is rapidly rising. Even a small company could lose up to $120,000 after experiencing its effects.

According to a report from Bulletproof, the price tag on a DoS attack has risen to over $2 million for enterprise companies. Defending against these threats can actively save your business money and time.

Although some instances reflect the lowering of DoS ransoms, cyber attackers are easily generating a greater impact with new strategies. As a result, budgeting for the best tools to shield your business from these attacks delivers much more upside.

The most direct result of a DoS attacks is lost sales. However, DoS attacks can also be used to hide more damaging breaches of data. If sensitive customer information or financial data is lost, you may also be legally liable, which significantly increases the price of the breach.

Other indirect costs of an attacks include replacing hardware, but also employee time. Many won’t be able to work until service is back, and others who can help fix the problem will need to work extra overtime. You may need to hire outside help if the attack persists, and customer service people will be inundated with more calls and emails than normal.

The Best Cybersecurity Strategy for 2020

What are the best protections for DoS? Internal IT employees should ensure that all servers are only publicly available for necessary functions, and when further secured with SSH, firewalls on all endpoints, SSL, and VPNs. Plan ahead for larger traffic accommodations than you think you need and employ a smart array of vulnerability testing technology to keep uptime at 100%.

Syxsense can inspect your company’s resources on a strict schedule and will patch software and hardware in real-time to automatically protect against zero-day vulnerabilities. An inclusive approach encompassing the OS, third-party apps, firewalls, router configurations, and more ensures vigilance against all attack vectors.

Robert Brown, Director of Services at Syxsense, notes that this comprehensive patching effort is required if companies want to deflect DoS cost-effectively.

“When every minute of downtime carries a five-figure price tag, patch management moves higher on the list of priorities for businesses in 2020,” Brown said.

Syxsense allows you to manage and secure vulnerabilities exposed by open ports, disabled firewalls, ineffective user account policies, and security compliance violations from remote workers. Gain visibility into OS and third-party vulnerabilities while increasing cyber resilience through automated patch management and vulnerability scanning.

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Syxsense has created innovative and intuitive technology that sees and knows everything. Manage and secure your environment with a simple and powerful solution.

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How Executives Can Prevent Data Breaches

By NewsNo Comments

How Executives Can Prevent Data Breaches

When the total average cost of a data breach is $3.86 million, preventable problems are not acceptable. Here's how to mitigate the risk.

This article was originally featued in Hackernoon

Data breaches are so much a part of our way of life that we barely bat an eye any more when another company gets their data stolen. In fact, some publication or another has called every year since 2005 the “year of the data breach”. Every year there are multiple new high-profile thefts of consumer data, and a lot of them are preventable.

Equifax’s 2017 data breach is one of the best-known, and it stemmed from one of the dumbest possible reasons: not keeping up to date with patches. There are multitudes of basic, preventable problems that have caused huge data breaches: sequential user IDs in plaintext, plaintext password storage, transaction logs that don’t check balance on every transaction — the list goes on and on…

When the total average cost of a data breach is $3.86 million, preventable problems are not acceptable.

But data breaches are preventable, and as an executive you have the responsibility to make sure they don’t happen. Here’s how you can mitigate the risk.

1. Get Your Staffing Right

Equifax’s data breach was particularly egregious for a few reasons. One was the scope of the breach, with 143 million people put at risk. Another was their chief security officer being a music major with no known credentials in security.

A company of that size putting their trust in someone who had no credentials in the field is unfathomable. For patching to go undone for that long is also unfathomable, given that the patch that would have fixed the security hole had been available for months.

This could have been fixed with proper staffing. Getting the right people in the right positions is key in any organization, but in an organization that’s responsible for this much user data, it’s absolutely crucial. Make sure those key security positions are locked down.

2. Make Sure There’s Accountability In Place

When two-thirds of CEOs have organizational control over IT and 60 percent have control of the IT budget, the buck stops at the top desk.

Creating a culture of accountability starts at the top. You can’t get into a checklist mentality — once you’ve got your security checklists done, you still can’t rest. A properly-motivated staff looks for other ways to safeguard against things like zero day exploits and other possibilities that won’t show up on a checklist. Even if you’re trying to be GDPR-compliant, it will help — but there are things that won’t show up if that’s all you do.

Accountability starts with the C-suite. Are you empowering the right people to make decisions in the department? Giving them the budget they need? Holding them accountable for breaches and helping them create a better infrastructure?

As Ashley Leonard, CEO of Syxsense, told me in an email, “When it comes to an IT department, it’s important to give them the tools and people they need to do their job. Otherwise, when mistakes happen, the responsibility lies with the C-suite and not the people on the ground. Automatic solutions for patching, innovative employees that come up with possible vectors of invasion, pen testing … all those things go into creating a strategy that keeps your company safe.”

3. Educate Your Employees

This doesn’t just apply to IT. It’s important for every level of a company.

Kaspersky Labs notes that “The vast majority of data breaches are caused by stolen or weak credentials. If malicious actors have your username and password combination, they have an open door into your network. Because most people reuse passwords, cyber criminals can gain entrance to email, websites, bank accounts, and other sources of PII or financial information.”

Make sure you’re keeping your employees up to date with common phishing strategies and testing them periodically to make sure they’re on top of it. Rotate passwords frequently, even if they grumble. It’s important to make sure they don’t unwittingly open your network to attack, and that starts with proper education.

Phishing is one of the most common routes of attack for both personal identity theft and corporate data theft. It’s also getting harder to detect as groups start to use multiple redirects to obfuscate URLs. If you can stop at least the very common methods, you’ll be a lot safer.

4. Stop Data Breaches Before They Happen

Not every breach can be stopped, but it’s absolutely key that you do everything you can to keep them from happening. Data breaches are on the rise across the United States and the world. As more information makes its way onto the Internet, there are more and more ways for us to have our identities compromised and more companies that have our personal information to steal.

You can’t prevent every incursion, but what you can do is harden your perimeter. Make sure you’re not leaving holes in your security through negligence or starving your IT department of resources. Establish a culture of accountability, hire the right people, educate your employees, devote the proper resources to staying patched and secure, and you’ll be able to stop most attacks before they happen.

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Why Realtime Security is Crucial

By Patch ManagementNo Comments

Why Realtime Security is Crucial

As cyberattacks continue to grow, it's important to improve your network security with more than just anti-virus software.
This article originally appeared on TechWorm

Cyberattacks are rapidly growing as a global threat.

With more complex and powerful attacks, actors are in a control of massive amounts of resources, including username and password data dumps that can be used for ransomware, distributed denial-of-service (DDoS), and data breach attacks against target networks.

Cybersecurity should be an essential part of business operations. Falling prey to cyberattacks cause loss of intellectual property and reputation damage with significant financial ramifications. Data protection regulations can impact significant fines on companies that fail to protect customer data.

What’s in store for cyberattacks in 2019?

Experiencing an attack is not “if,” but “when.” Any device that connects to your network has a high chance of being attacked. Attackers also leverage automation to carry out their attempts.

Researchers predict there will be more than 20 billion connected Internet-of-Things (IoT) devices by 2020. Without taking action, you expose yourself to data breaches, overall outage, and loss of intellectual property. Hackers exploit the weakest link to access devices and anything with access to the internet can create a vulnerability.

What kind of threats are expected?

Ransomware, data breaches, and DDoS attacks. With control over botnets, attackers can continuously carry out these attacks. Not only are millions of username and password combinations available in the black, but users are recycling passwords and hackers can use this data to breach other systems.

Attackers can also intimidate companies with data breaches or website defacement to make them non-compliant. Not protecting private information can create large fines from government agencies. GDPR fines can cost as much as €10 million in Europe, or 2% of the worldwide annual revenue, whichever is higher. Attackers are capitalizing on this fear to coerce companies into paying fees to prevent exploits.

How can companies protect themselves?

Installing antivirus and anti-malware software on each endpoint isn’t enough. However, improving network security with firewalls prevents traffic from reaching their networks. Educating staff on the proper use of resources and how to avoid falling victim to social engineering attacks also helps.

Syxsense provides a comprehensive IT management solution that allows IT managers to easily manage any part of their infrastructure. With a simple, clean user interface we have reduced the complexity of visualizing and managing your network.

If critical updates are released, patches must be immediately deployed to ensure that affected systems are kept secure. Our users leverage automated patch deployment to ensure that all devices, including IoT, are up-to-date and free from vulnerabilities.

What is the benefit of Realtime Security?

Attackers are constantly examining networks—mitigation and response processes should always be running. If you aren’t tracking suspicious processes, your antivirus solution and firewall won’t protect you if your data is just an hour behind.

Syxsense Realtime Security pulls live data from thousands of devices, direct to a web console, in seconds. By eliminating stale data, IT management and security decisions are based on what is happening right now, not in the past.

If device scans are run at night when devices are offline, hidden behind a firewall or roaming, security and IT teams have an incomplete view of their environment. Realtime Security eliminates blind spots enabling teams to manage their environment with 100% visibility.

With no steep learning curve, Realtime Security’s simple to learn web interface leverages AI, and empowers teams with the information and skill to act instantly.

Why juggle multiple consoles for device and security management? In a single place, security and IT operations can understand their exposed security risk, patch, deploy software, stop security breaches, satisfy compliance agencies and more.

Whether organizations are looking for endpoint security or IT management capabilities, including patch managementsoftware distribution and remote control, Realtime Security is the only cloud-based approach to security and systems management which enables 10-second endpoint visibility and control thousands of devices.

Start a Free Trial

Try Syxsense today and start patching your IT environment with a powerful and easy-to-use IT management toolset.

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Syxsense combines IT management, patch management, and security vulnerability scanning in one powerful solution. Get started today.

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