Page 144 - Cyber Defense eMagazine June 2024
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Sheltering from the Cyberattack Storm
By Nick Lines, Security Product Expert, Panaseer
As we move towards the summer and the promise of sunnier weather, it’s worth noting that the
cybersecurity industry has seen more rain than sunshine recently. A slew of high-profile breaches have
had a stark impact on the business landscape and people’s daily lives, from emails exposed in the wake
of Microsoft’s email breach, to personal data stolen as part of the MOVEit hack. Regulators have become
frustrated and stricter with their requirements and enforcement, with the SEC now laying the blame for
security incidents at CISOs’ feet. This is raising the stakes of an already high stakes game, and if the
cybersecurity industry continues on this path, the storm will continue.
Analysis of the most potent recent attacks shows that breaches – largely – fall into three distinct buckets.
There are the genuinely sophisticated attacks that are conducted by well-resourced adversaries – highly
established groups or state-backed attackers. Then there are the industrialized attacks, which require
technical skill, but don’t operate on the same level of complexity and tend to be less targeted. Finally,
there are the opportunistic attacks, which are often automated and have a low bar for entry.
Cyber Defense eMagazine – June 2024 Edition 144
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