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Cybersecurity

A week of cybercrimes: Here’s what you need to know

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The digital world’s exposure to cyberthreats disturbance as potential and targeted attacks shows how cybercrimes has escalated to be one of the most reported crimes, with data breaches and fraud losses to exceed $200 billion over the next 5 years.

Following the chain of notorious cyberattacks breaching the security of a plethora of businesses worldwide carried out by cyber-criminal gangs, hackers are slowly bringing businesses and tech companies to their knees with ulterior intentions.

With the ongoing and distressing rise of cyberattacks on various business and consumers’ privacy, a recently conducted research by Juniper Research uncovered that businesses will cumulatively lose over $200 billion to online fraud between 2020 and 2024.

This could be prevented by incorporating machine learning into their fraud detection, reaching $10 billion in 2024, a 15 percent rise in 2020. This will lead to the growth of payment fraud with losses increasing by 130 percent from 2020 to 2024.

New Trump Social media app hacked on launch day

According to Jason Miller, a senior advisor to the Trump’s 2020 re-election campaign, a social media site named GETTR, which was launched on Sunday, was briefly hacked, after more than 500,000 people had already registered to use the site.

In an emailed statement sent to Reuters, Miller referred to the incident as a “brief problem that was detected and sealed in a matter of minutes, and all the intruder was able to accomplish was to change a few usernames.”

The site was released after Miller taunted Trump’s social media team to initiate a new app, after the social media blockage Trump faced following the Capital riot that took place on January 6. The situation was immediately rectified by the campaign’s team preventing any further damage to the site.

REvil demand ransom $70 million to restore data

The notion of hackers demanding ransom payment to restore data held by companies has been resurfacing for a while, expanding on a wider scale by the day. As this introduces a scene of mass extortion attacks affiliated with major companies worldwide, a new demand of $70 million emerged on Sunday to restore data, according to Reuters.

At this juncture, the notorious cybercrime gang who call themselves “REvil” seems to be at the center of another breach, as it executed on Friday one of its most dramatic hacks operation so far. After a security firm based in New Mexico was victimized by the infamousransomware, a massive number of businesses were infected by the ransomware on Friday.

Impacting more than 1,000 businesses, the attack’s execution took place by locating a vulnerability in the update mechanism adopted by the IT services firm Kaseya affecting different companies adopting its software — a software platform created to assist in remote IT managed service providers (MSP).

Attackers took advantage of the weakness created by their ransomware to dispense a malicious payload to weak virtual servers. Then, the dispensed malware ran multiple commands to prevent detection by Microsoft Defender, by instructing the Kesaya update process to run a legitimate but expired version of “Antimalware Service” – a component of Windows Defender.

“While our early indicators suggested that only a very small number of on premises customers were affected, we took a conservative approach in shutting down the servers to ensure we protected our more than 36,000 customers to the best ability,” Kaseya CEO Fred Voccola said in an issues statement.

SolarWinds proceed with a new Microsoft Breach

After Nobelium’s cyberattack into Texas-based SolarWinds’s systems and the implementation of malicious code in the company’s software system, the Russian-made hack managed to jeopardize Microsoft’s employee’s computer system by targeting attacks against business consumers via billing contact details.  

The hacking group implemented password-spraying alongside brute -force methods to threaten three undisclosed entities, leading to acquiring unapproved access to accounts by attacking login servers with major login guesses.

“As part of our examination into this continuous activity, we likewise discovered information-stealing malware on a maker comping from among our consumer assistance representatives with access to fundamental account details for a little number of our consumers,” Microsoft declared in a blog post.

As Microsoft’s announcement came as a shock to security experts, the attack targeted specific consumers, with 57 percent in the IT business, 20 percent in federal governments companies, and the remaining in nongovernmental companies.

All in all, consumers from 36 nations were targeted and affected by the cyberattack.

Apex Legends hackers interrupt games with messages about Titanfall hacking

Despite many efforts made by Respawn’s developers to prevent further cybercrimes into their system, most of these attempts were faced with utter disappointment from the famed game’s userbase.

As Titanfall players hacked Apex Legends to protest breaches, the popular game was hit with a “save Titanfall” message directing Apex players to SaveTitanfall.com demonstrating the real purpose behind the hack. This raised awareness against hackers and DDoS attacks on their servers, website, and network floods that make it unplayable.

This previous hack, imposed on all Apex players, prevented a large portion of players from accessing any of the game’s modes, but affected primarily those who play the game on PC. In principle, hackers pioneered a fresh algorithm that aims to jeopardize the bullets aim, decreasing the game’s effectiveness. This will occur by removing any level of artificial accuracy making it unrecognizable by Respawn’s anti-cheat system.

“We are aware of and actively investigating issues impacting @PlayApex playlist that are preventing players from getting into matches”, said the famous gaming company while addressed the situation on Twitter. Nevertheless, while the team is working on demolishing the problem, the developer declared that these attacks do not endanger players’ personal information in any way.

Daryn is a technical writer with thorough history and experience in both academic and digital writing fields.

Cybersecurity

Password Management in Network Security

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Password Management in Network Security

When it comes to ensuring the highest levels of cybersecurity for any establishment, password management in network security is one of the most paramount factors in guaranteeing security. As one of the essential cybersecurity measures, password management is a critical element for any online activity, whether for software or hardware. Everything is protected with a password.

What is Password Manager and How does it Work?

To those not familiar with the concept, password management’s significance exceeds the creation of a strong password to protect your data or account. It is a cybersecurity system. A system that manages any saved login credentials, all while guaranteeing a safeguarded relocation of data from one device to another. When coming up with a valid password, a few factors must be taken into account, such as the potential of being exposed to high risks and identity theft.

For any establishment, the correct password manager helps to monitor any activity and amounts of logins for servers people work on. As a software application, it is developed for storing and managing online credentials. With the increased available platforms and programs requiring safety credentials, the risk of losing or forgetting a password has never been higher. User password management, such as Google password manager, helps users with a handful of passwords for essential web applications.

By providing the needed digital space to generate and store any, and all passwords in one location, password management in network security keeps any data safe and secure in various ways, including biometrics data.

Why Use Password Manager?

Through the encryption of users’ logins, a reliable password manager protects your credentials and cannot be accessed until the master password is submitted. In this case, no password is stored on the device itself or even on the manager’s servers. While some might think that storing all of your important passwords in one place might be hazardous, the truth is, password managers are the safest bet to safeguard all your passwords, as the chances of a password manager being breached are extremely low and almost very unlikely to happen.

Without getting into all the technical terms as to why password managers are the safest option, these applications can be perceived as the lesser evil. While users will still need to create one master password – preferably to be long and a bit complicated – it will guarantee the protection of any login credential for any account or credit card information.

The ideal password managers to download are backed by two-factor authenticators, where users are asked for a one-time code alongside the password whenever a new login into a new device takes place.

Password Management Best Practices in Network Security

In terms of obtaining the highest level of protection for network security, few practices are applicable to almost anyone to ensure the highest level of user password management.

1. Training

Training the team and raising awareness of potential password threats is one of the most important things to consider. Team members working on network security have to understand the risk of cybersecurity and the importance of implementing the right measure to protect and secure any account credential.

2. Enforcement of Reliable and Strong Passwords

Enforcing the creation of strong passwords and establishing they follow the best practices for network security to protect the network and its data while respecting the integrity, confidentiality, and accessibility of the network’s computer systems.

This includes performing a thorough network audit, deploying network and security devices, disabling file sharing features, updating antivirus and anti-malware software, securing all routers, using a private IP address, and finally establishing a network security maintenance system.

3. Multi-factor Authentication

Endorsing your password management with two-factor authentication is like adding another solid layer of protection to your accounts and their passwords. Multi-factor authentication ensures that only people responsible for the network have access to its sensitive data.


Inside Telecom provides you with an extensive list of content covering all aspects of the tech industry. Keep an eye on our Cybersecurity space to stay informed and up-to-date with our daily articles.

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Cybersecurity

How to Check a Suspicious Link Without Opening it

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We are all well aware of the troubles opening a fishy link can lead us to.  Luring users to click on a given link has been of one the well-known techniques to get access to the device, install virus and malware or even go as far as creating a full ransomware attack. To protect your computer and private information, there are multiple techniques to check links without opening them. What is important though is never to open the link if it is suspicious.

When you are not dealing with a shortened URL, the best way to go thoroughly through the link to see if there is any spelling mistake. Attackers usually tend to change a minimum number of letters so that you are unable to tell the difference. For instance, things like www.goagle.com instead of www.google.com should catch your attention with the second ‘o’ of Google replaced with an ‘a’.

Emails are the best sources for phishing attacks. These kinds of attacks are used to steal some sensitive information such as passwords and credit card information. The best way to avoid these kinds of attacks is to authenticate the sender. For that purpose, do not only check the name of the sender, you need to double-check the email the sender is using. In general, attackers use credible sender names with emails which do not correspond to the promoted identity. Next time you get an email from your bank like “XBank”, check that the sender email is person@Xbank.com rather than person@anyothermailclient.com.

Many websites actually provide link checking or link scanning features. This is a very neat technique to simple check the link before clicking on it.

VirusTotal

www.virustotal.com  is an excellent website for this task. This online tool practically does the job of an anti-virus. When you go to the website, you have the possibility to analyze files and URL for malware or any other security breach. Once you submit your file or enter the URL, the website will use different tools and software, then provide you with a detailed output from each of these tools. If you are unsure if a given software is credible enough, you can compare it to the output of other platforms on a single website.

Use a Short URL Expander

Sometimes attackers try to shorten URLs to hide any malicious intention. Analyzing shortened URL is not straightforward. To overcome this problem, copy the provided URL without opening it and use specific websites that actually expand the provided URLs. Then, you can analyze the original URL for possible security breaches.  Many websites are there to do this task. Just search for “short URL expander” on your search engine and use the top provided websites.

Upgrade your Anti-Virus with Internet Security Features

Anti-virus software is commonly used to protect personal computers from viruses and other malware. While these are available for free, you can easily upgrade them to include internet security features for a small monthly fee. This will bring major improvement to your internet browsing experience including custom-made safe browsing tools.

Use Google Transparency Report

Google provide a nice tool to check for the safety of websites. To do so, visit https://transparencyreport.google.com and enter the URL in question. The Google source will then provide you with a safety report of that website.  

The nicest solution is kept to the end. When you hover over a link in your email client or web browser, a small square appears including all the information related to the chosen URL. These details can be used to give a preliminary indication whether to trust the source.

Final Thoughts

Suspicious links are everywhere! To make sure they don’t catch you by surprise, follow the highlighted and you’ll be safe to go.


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Cybersecurity

Disadvantages of AI in Cybersecurity

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Cybersecurity and artificial intelligence (AI) are two very trending topics at the moment. AI has been the pivotal elements modifying business strategies, improving decision-making processes, and triggering automation in every industry in the world. The latest sentience debate is a clear indicator on serious and advanced AI is becoming nowadays. Cybersecurity is the other important element of today’s technological world. With an increasing reliance on data and the move to online services that require an individual’s biometrics, security essential in preventing data thefts and associated cybercrimes. AI has undeniably improved cybersecurity practices by allowing a real-time analysis of internet traffic to discover possible threats at the earliest and take defensive actions. This important learning process hides however several disadvantages of AI in cybersecurity.

What Are the Downsides to AI in Cybersecurity?

The touted advantages of AI in cybersecurity are real and very useful. However, the increasing adoption of AI solutions for security is actually causing problems at different levels.

Hackers Use AI as Well

When it comes to maturity in technology, hackers are the best at it. These individuals sitting behind computer screens logging data and doing advanced analytics to identify any loophole or vulnerability they can use to their benefits. The use of AI as far as cybersecurity is concerned is a double-edged sword. It is actually a race of who can develop a better algorithm that caters better to the data which is circulating online. In this sense, the use of AI is a big threat to security.

Another issue is that while a company is analyzing and learning from data to discover threats, a hacker is concurrently analyzing the company’s cyber-defense mechanisms and policies to find “open doors’ that will take it into the system to complete the intended attack.

Data Confidentiality

AI algorithms are associated with the analysis with large volumes of data, a key requirement for the developed algorithms to produce accurate outputs. The data a company deals with contains normal traffic related to daily transactions and activities, but also sensitive information related to the clients including their biometrics and personal information. What happens to our data when it goes to the AI-agent though is another thing. Protecting the data is key when AI is used for cybersecurity reasons. The secrecy of the clients’ data should not be compromised for any reason.

Increasing Need for Data

The field of cybersecurity is constantly evolving with ingenious attacks and threats emerging every now and then. Browser-in-the-browser attacks and increasingly advanced ransomware attacks have been notable examples in 2022. In order to discover attacks at a later stage, the AI algorithm needs to have data to do the proper training. The increasingly dynamic environment with threats emerging and evolving will lead to a surge in the required volumes of data, which can potentially not be readily available to have a fast response to the attack itself. Whether it is the ability of AI to keep track of the exponential growth in data or the availability of data for the AI-algorithm to produce results is a big disadvantage of this approach for cybersecurity

Will Cybersecurity be Replaced by AI?

With the drive towards more and more automation, it is questionable whether this can be applied as well for cybersecurity practices. AI can certainly assist in processing and learning from data and produce insights. However, the real decision maker in such as sensitive area where no errors can be tolerated is the cybersecurity expert himself. The only way for AI to replace cybersecurity is when it becomes sentient or developed enough to think and act like humans do. There is still a long way for that to concretize.

Explainable or interpretable AI is a key intermediate step in reaching this target. First, we need to understand how AI produces results. Proper cybersecurity practices require a reduction in bias while optimizing the performance of the algorithm.

How Will AI Affect Cybersecurity Jobs?

The adoption of AI will certainly cause major shifts in the cybersecurity job market as in the case in other industries, but probably at a smaller scale. The level of skill and experience needed to thwart cyberattacks will safeguard the need for security experts to provide the final decision regarding suspicious data patterns.

On the other hand, the incorporation of AI will call for new skilled workers that can manage and optimize the performance of the algorithms. Another alternative would be for existing workforce to be upskilled and retrained to handle the new analysis tools.

Summary

As data is becoming the basic unit for decision making, AI has invaded all industries and businesses, including cybersecurity. Companies are starting to incorporate learning algorithms to their offered services in order to have a more intelligent management of the different security threats. However, the role of AI in cybersecurity should be considered with enough judgment. The addition of AI would increase the complexity in the data management process, notably in terms of data privacy and the continuous need for more data.


“Inside Telecom provides you with an extensive list of content covering all aspects of the tech industry. Keep an eye on our Cybersecurity and Artificial Intelligence space to stay informed and up-to-date with our daily articles.”

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