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Fortinet Annual Skills Gap Report Uncovers an Increase in Breaches Attributed to a Lack of Cybersecurity Skills

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Fortinet has released its 2023 Global Cybersecurity Skills Gap Report, which reveals ongoing challenges related to the cybersecurity skills shortage affecting organizations worldwide. Key findings from the global report include:

  1. The cybersecurity skills shortage has contributed to critical IT positions not being filled, which increases organizations’ cyber risks, such as breaches.
  2. Cybersecurity remains a priority for boards of directors and there is executive demand for increased IT security headcount.
  3. Technology-focused certifications are highly regarded by employers, serving as validation of skill sets.
  4. Organizations recognize the advantage of recruiting and retaining diverse talent to help address the skills shortage, but doing so has presented a challenge.

John Maddison, EVP of Products and CMO at Fortinet, said, “The cybersecurity talent shortage is one of the top challenges putting organizations at risk, as clearly demonstrated by the results of the latest Global Cybersecurity Skills Gap Report from Fortinet. In today’s climate, organizations must choose products that introduce automation to offload overworked teams while continuing to focus on upskilling and cybersecurity training.”

An estimated 3.4 million professionals are needed to fill the global cybersecurity workforce gap. At the same time, the 2023 Global Cybersecurity Skills Gap Report found that the number of organizations experiencing five or more breaches jumped by 53% from 2021 to 2022. One repercussion of this is that many short-staffed cybersecurity teams are burdened and strained as they try to keep up with thousands of daily threat alerts and attempt to manage disparate solutions to properly protect their organization’s devices and data.

Additionally, as a result of unfilled IT positions due to the cyber skills shortage, the report also found that 68% of organizations indicate they face additional cyber risks. Other findings highlighting increased cyber risks that could be partially attributed to the talent shortage include:

  • Security intrusions are increasing: One resulting cyber risk is increased breaches, with 84% of organizations experiencing one or more cybersecurity intrusions in the past 12 months, up from 80% from last year.
  • More organizations were impacted financially due to breaches: Nearly 50% of organizations suffered breaches in the past 12 months that cost more than $1 million to remediate, which is up from 38% of organizations compared to last year’s report.
  • Cyberattacks will continue to increase: At the same time, 65% of organizations expect the number of cyberattacks to increase over the next 12 months, further compounding the need to fill crucial cyber positions to help strengthen organizations’ security postures.
  • The skills gap is a top concern for boards of directors: The report demonstrated that more than 90% of boards (93%) are asking how the organization is protecting against cyberattacks. At the same time, 83% of boards are advocating for hiring more IT security staff, emphasizing the demand for security talent.

The report also suggested that employers recognize how training and certifications can benefit their organization in addressing the skills gap, while also serving as an advantage for anyone looking to advance in their current security profession, as well as for individuals considering transitioning into the field. Below are additional highlights from the report around training:

  1. Certifications are sought after by employers: Beyond experience, employers view certifications and training as reliable validation of an individual’s skill set with 90% of business leaders preferring to hire individuals with technology-focused certifications, up from 81% the year before. Additionally, 90% of respondents would pay for an employee to get a cybersecurity certification.
  2. Certifications benefit both organizations and individuals. More than 80% of report respondents (82%) indicated their organization would benefit from cybersecurity certifications and 95% of business leaders have experienced positive results from either their team or themselves being certified.
  3. Not enough professionals are certified: While certifications are highly regarded, more than 70% of respondents said it is difficult to find people with certifications.

While the report demonstrated that organizations are seeking ways to tap into new talent pools to fill cybersecurity roles, with 8 out of 10 organizations having diversity goals as part of their hiring practices, roughly 40% of organizations indicate they have difficulty finding qualified candidates who are women, military veterans, or from minority backgrounds.

  • The report suggested that there was a decrease in veterans being hired compared to last year, with the number of organizations indicating they hired military veterans dropping from 53% in 2021 to 47% in 2022.
  • At the same time, the report shows there was only a 1% increase year-over-year in organizations hiring women (88% in 2021 and 89% in 2022) and minorities (67% in 2021 and 68% in 2022).

Cyber Security

Kaspersky Reports Growth in Gamer Cyberattacks in 2023

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The global gaming community, which currently accounts for nearly half of the world’s population, has found itself increasingly under fire by cybercriminals, according to a comprehensive investigation by Kaspersky. In the period spanning from July 2022 to July 2023, the cybersecurity company discovered the growing vulnerability of the gaming user base. Cybercriminals exploited this vast community to access personal data, launching a range of attacks, including web vulnerabilities, Distributed Denial of Service (DDoS) attacks, cryptocurrency mining, and complex Trojan or phishing campaigns.

In the period from July 1, 2022, to July 1, 2023, Kaspersky’s solutions detected a substantial 4,076,530 attempts to download 30,684 unique files masked as popular games, mods, cheats, and other game-related software. These incidents affected 192,456 users worldwide. These files – primarily classified as unwanted software and often labelled as not-a-virus:Downloader (89.7%), – are not innately perilous, but they are capable of downloading various other programs, even malicious ones, onto the user’s device. Adware (5.3%) and Trojans (2.4%) were also noteworthy threats to desktop gamers.

Minecraft emerged as the favoured target among cybercriminals, responsible for triggering 70.3% of all alerts. The threats using Minecraft as bait impacted 130,619 players across the globe during the reporting period. Roblox was the second most targeted game title, contributing to 20.4% of all alerts affecting 30,367 users. Counter-Strike: Global Offensive (4.8%), PUBG (2.9%), Hogwarts Legacy (0.6%), DOTA 2 (0.5%), and League of Legends (0.3%) were also among the prominent games subjected to cyber threats.

The mobile gaming community, which, according to the Newzoo 2023 report consists of over three billion gamers or nearly 40% of the world’s population, is characterized by its significant growth and accessibility and has become an enticing target for cybercriminals. Between July 1, 2022, and July 1, 2023, Kaspersky documented 436,786 attempts to infect mobile devices, impacting 84,539 users.

Various game titles were employed as bait to target mobile gamers. Minecraft enthusiasts once again were the primary targets, as 90.4% of attacks focused on the 80,128 gamers who fell victim. Indonesian users in particular faced exploitation through Minecraft, resulting in a Trojan.AndroidOS.Pootel.a attack, discreetly registering mobile subscriptions. Iran witnessed the highest prevalence of these attacks, with 140,482 alerts impacting 54,467 Minecraft players.

PUBG: Battlegrounds Battle Royale, was the second most exploited mobile game among cybercriminals, accounting for 5.09% of all alerts, with the majority of incidents originating from Russian Federation users. Roblox (3.33%) ranked third in terms of detections but second in the number of affected users.

A noteworthy discovery involves the emergence of SpyNote, a spy Trojan distributed among Roblox users on the Android mobile platform under the guise of a mod. This Trojan exhibits various spying capabilities, including keylogging, screen recording, video streaming from phone cameras, and the ability to impersonate Google and Facebook applications to deceive users into divulging their passwords.

Phishing and counterfeit distribution pages continue to pose a significant threat to gamers. Malicious and undesired software often masquerades as popular games, disseminated through third-party websites offering pirated versions. These deceptive pages typically display inflated download counts, potentially misleading users into a false sense of security. Nonetheless, clicking the download button typically results in an archive that may contain harmful or unrelated elements, diverging from the promised content.

“In the dynamic gaming industry, which hosts a wealth of personal and financial data, cybercriminals are seizing enticing opportunities. They exploit gaming accounts by pilfering in-game assets, and virtual currency, and selling compromised gaming accounts, often with real-world value. The relentless pursuit of personal data has led to a surge in ransomware attacks, even affecting professional gamers who depend on uninterrupted play. This underscores the critical need for enhanced cybersecurity awareness within the gaming community,” comments Vasily Kolesnikov, a cybersecurity expert at Kaspersky.

To stay safe while gaming, here are some recommendations:

  • It is safer to download your games from official stores like Steam, Apple App Store, Google Play or Amazon Appstore only. Games from these markets are not 100 % secure, but at least they are checked by store representatives and there is some kind of screening process: not every app can be made available in these stores.
  • If you wish to buy a game that is not available through the main stores, purchase it from the official website only. Double-check the URL of the website and make sure it is authentic.
  • Beware of phishing campaigns and unfamiliar gamers. Do not open links received by email or in a game chat unless you trust the sender. Do not open files you get from strangers.
  • Do not download pirated software or any other illegal content, even if you are redirected to it from a legitimate website.
  • A strong, reliable security solution will be a great help to you, especially if it will not slow down your computer while you are playing, but at the same time, it will protect you from all possible cyber threats.
  • Use a robust security solution to protect yourself from malicious software and its activity on mobile devices.
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Cyber Security

The Average Time to Investigate a Cybersecurity Incident is Around 26.1 Days, says Binalyze

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With the intricacies of the digital world growing exponentially, the relevance of effective and timely Digital Forensics and Incident Response (DFIR) cannot be overstated. Recognising this need for insight, Binalyze, in collaboration with the global market intelligence firm IDC, is excited to publish a compelling new report: “The State of Digital Forensics and Incident Response 2023”.

Based on an extensive survey conducted in June 2023, the study brings into focus the perspectives of over 100 cybersecurity professionals from five Middle Eastern countries. This diverse respondent pool consists of individuals directly influencing the cybersecurity functions within their organizations, with roles spanning SOC analysts, DFIR professionals, Incident responders, Threat hunters, SOC managers, and Directors.

The key findings of the report are critical for anyone involved in DFIR, from SOC teams to individual analysts and investigators. Report highlights include:

  • According to the research and subsequent analysis, the average time to investigate an incident is approximately 26.1 days, and the time to resolve incidents is an additional 17.1 days.
  • The importance of reducing “detection-to-resolution” times for efficient incident management.
  • The ongoing skills shortage: 81% of respondents identified this as a major challenge.

“Our world thrives on digital connections, but with this connectivity comes vulnerabilities. As the frequency and intensity of cyber threats surge, the importance of DFIR in understanding, mitigating, and learning from these threats is paramount. There is a real and urgent need for forensic visibility at speed and scale. AIR is a game changer here and should be at the centre of all SOCs DFIR effort,” says Ahmet Öztoprak, Senior Sales Director of META at Binalyze.

This report serves as both a wake-up call and a guide. By leveraging the insights from the top cybersecurity professionals in the Middle East, ‘The State of Digital Forensics and Incident Response 2023’ aims to provide companies with the knowledge and solutions they need to combat emerging cyber threats effectively and maintain resiliency.

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Cyber Security

Cybercriminals Used Malware in 7 Out of 10 Attacks on Individuals in the Middle East

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Positive Technologies analyzed attacks on individuals in Middle Eastern countries between 2022 and 2023. Malware was used in 70% of successful attacks. More than half of these attacks involved spyware. The vast majority of attacks used social engineering techniques. In 20% of phishing campaigns, the attack was multi-pronged, exploiting multiple social engineering channels simultaneously.

“According to our data, cybercriminals employed malware in 7 out of 10 successful attacks on individuals in the Middle East region. More often than not, the attackers infected users’ devices with spyware (three out of five malware attacks). This type of malware collects information from the infected device and then passes it on to the attacker. Depending on the task, spyware can steal personal and financial data, user credentials, as well as files from the device’s memory,” the company said.

Positive Technologies Information Security Research Analyst Roman Reznikov said, “By using spyware, attackers can compromise not only personal and payment information and personal accounts, but also corporate credentials, network connection information, and other sensitive data. The stolen data is then offered for sale on the dark web forums. As a result, a skilled attacker can gain access to an organization and carry out a successful attack, leading to non-tolerable consequences: disruption of technological and business processes, theft of funds, leakage of confidential information, attacks on customers and partners.”

In the vast majority (96%) of successful attacks on individuals in Middle Eastern countries, social engineering techniques were employed. Most often, these were mass attacks in which the criminals aimed to reach the maximum number of victims. To achieve this, they actively leveraged current news about significant global and regional events, including the 2022 FIFA World Cup Qatar.

In every fifth (20%) phishing campaign, the attack was multi-pronged, exploiting multiple social engineering channels simultaneously. Criminals led the victims through a series of steps until the device was infected and data stolen. For instance, users could be lured through social media accounts that contained links to a messenger channel from which the victim would install a malicious application.

One of the reasons for the success of social engineering is the numerous data leaks from various organizations. “According to our research on the cybersecurity threatscape in the Middle East, 63% of successful attacks on individuals in the region resulted in leaks of confidential information. The majority of stolen information consisted of personal data (30%) and account credentials (30%). Cybercriminals were also interested in payment card data (10%) and user correspondence (8%).” the company added.

On the dark web, malicious actors sell information about users and also provide stolen data archives for free. Criminals use the compromised information in subsequent attacks on users. For example, a successful attack on a bank could result in fraudulent actions against its customers. Cybersecurity experts recommend that users follow cyber-hygiene rules.

Companies also need to ensure the security of employee and customer data. Data breaches cause reputational and financial damage and put at risk users whose information has been compromised. To maintain cyber-resilience, it’s essential to regularly assess the effectiveness of security measures and pay special attention to the verification of non-tolerable events.

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