Category Archives: Fraud

The UK is Under Cyber Attack, But the Fightback Starts Now

by Bharat Mistry

We all know the UK is under attack on an unprecedented scale. A government report from 2016 claimed two-thirds of large businesses had been hit over the past 12 months. The launch of the National Cyber Security Centre will help, of course. But for IT and business leaders looking to craft an effective cyber response, it’s vital to know what’s actually happening on the ground. That’s why Trend Micro recently interviewed hundreds of decision makers on the IT coal face. With their feedback, we produced a report which will help to reveal the scale of the problem facing firms, their key cybersecurity challenges, major areas of weakness, and what IT teams are doing to respond.

We found that the vast majority favour a coordinated, multi-layered approach featuring advanced security tools from a single, established vendor. Continue reading

Trend Micro @ CYBERUK 2017: Debunking Cloud Myths to Help Drive Digital Change

by Bharat Mistry

Cloud 2.0: that’s the buzzword analysts are applying to the new wave of cloud adoption we’re likely to witness this year. It will see those tried and tested benefits of cost savings, greater business agility, scalability and IT efficiency help to drive new digital transformation projects. This is particularly important in the public sector, where the need to deliver services in more innovative and efficient ways is greater than ever. But there remains one major barrier to such projects: cybersecurity. Continue reading

It’s Time to Up Cyber Maturity Levels in 2017 – Starting with the Endpoint

by Bharat Mistry

As we close out another eventful year one thing is patently obvious: cyber threats have never represented a bigger risk to firms. Data and security breaches recently revealed at the likes of PayAsUGym, Ryanair, Lynda.com, KFC and more have all provide a timely festive reminder to CISOs of the value of multi-layered threat defence. More concerning still are new stats suggesting UK firms continue to operate with lower levels of security maturity than their US counterparts.

A good way to start the new year would surely be to consider how your organization can be smarter about security in 2017. And that means taking a look first at the endpoint.

Another year of breaches
Even before the catastrophic breaches at Yahoo, which may have affected over 1.5 billion accounts, were revealed, this was already shaping up to be another epic year for the black hats. Perhaps most worrying from the stream of breach incidents we’ve all read about in the news over the past 12 months is the fact that organisations are still making the same old mistakes.

Newly released data from UK-based insurer CFC Underwriting makes for particularly uncomfortable reading. It reveals that firm handled more than 400 claims on cyber breach policies this year – with the main categories being privacy breaches (31%), financial loss (22%) and ransomware (16%). Now, we don’t have mandatory breach reporting laws in the UK – not until the European GDPR comes into force in 2018, at least. So this is an interesting reminder that, while we might not always hear about them, security incidents are happening – and affecting UK firms every day.

More concerning still is that UK firms apparently represent 8% of the insurer’s policy count, but 17% of its claims count. Why does the UK have a disproportionately high volume of claims? CFC reckons because of the low cybersecurity maturity of these organisations.

Start with the endpoint
A comprehensive approach to cybersecurity of course requires multiple layers of protection including web and email gateways, networks and servers – not forgetting the vital “people” and “policy” elements. But many of the attacks which have led to damaging breaches over the past year started at the endpoint – the initial incursion point into the corporate network. We therefore need to start our efforts by better protecting this layer of infrastructure – but it’s not easy given the explosion in endpoints facilitated by cloud, mobile and IoT technologies.

Trend Micro’s answer is XGen: a cross-generational approach reliant on multiple layers of protection. None of these are a silver bullet on their own. But together they can form a formidable defence against the vast majority of known and unknown threats.

It should feature signature and non-signature based tools, including behavioural based filters, app control, exploit prevention and machine learning. The latter has been used for years by Trend Micro. But in this context we’ve made it even more effective at stopping threats by designing capabilities which extract and analyse a suspect file’s characteristics before and during its execution. This helps to reduce false positives and improve accuracy.

Endpoint compromise can play a vital role early on in the cyber kill chain. As we head into 2017, don’t underestimate the importance of gaining visibility and control at this layer. With huge regulatory pressure coming from Europe in 2018, no CISO can afford to ignore it.

 

 

New Year, New Security Challenges: What to Expect from 2017

by Raimund Genes

Trend Micro has been protecting organisations, governments and consumers for over two and a half decades now. Our 1,200-strong team of threat researchers work round the clock and around the globe to anticipate where the next major threats will come from, and, crucially, how to mitigate them. At this time of year we’re always asked for our predictions for the next 12 months. And while cybercriminals are unlikely to work to annual deadlines, it’s still a good time to take stock and share our insight into what our experts think 2017 holds in store.

As the bad guys get ever more determined and resourceful, it will take a solid multi-layered approach to security combined with strong people and processes to keep UK organisations safe and compliant as we head into the new year. Continue reading