Ignoring Cyber Security Can Cost $Millions

Organizations too often believe that the impact of a cyber security breach is trivial.  The worst that can happen is a little bit of mostly useless information may leak.  But what happen when the data leaked is in fact mission critical to your operations or even worse, in direct violation of a government regulation?

That’s what happened recently according to an article titled “US Power Company Fined $2.7 Million Over Data Exposure” by Mathew J Schwartz in Data Breach Today.  In that article, Mr. Schwartz reported:

“An unnamed U.S. power company has agreed to a record settlement after it was accused of leaving sensitive data exposed online for 70 days in a violation of energy sector cybersecurity regulations. The $2.7 million settlement agreement was outlined in a Feb. 28 notice from the North American Electric Reliability Corp., or NERC, to Kimberly D. Bose, secretary of the Federal Energy Regulatory Commission. …NERC's notice says security problems at the unnamed company resulted in sensitive information remaining internet-exposed for more than two months.”

The threat of cyber attacks are real.  And there is a special vulnerability to zero day threats as being the most dangerous.  The top five statistics regarding zero day attacks include:

  1. 77% of attacks that successfully compromised organizations in 2017 utilized exploits or fileless techniques
  2. More than 50% of malware utilize more than one sandbox evasion techniques
  3. 97% of malware is unique to a specific endpoint, rendering signature-based security virtually useless
  4. More than 50% of people click on unknown links in emails D M
  5. 1 in 131 emails contains a malware

Zero Day Malware

Protection against zero day malware is challenging, particularly because malware is using a software vulnerability for which there is currently no available defense or fix. This vulnerability allows the malware to perform actions on your system that should not be permitted, such as running arbitrary code. These malicious actions can impact the confidentiality, integrity, or availability of your system.

Prevent, Don't Remediate

Solebit provides the fastest, most accurate and cost-effective approach for the identification and prevention of zero day malware and unknown threats

Get Solebit’s whitepaper on a transformative, evasion-proof approach against modern cyber attacks that doesn’t require sandboxing. This whitepaper will show you how to strengthen your cyber defenses dramatically by preventing attacks before they enter and harm your organization, your customers and your brand. Remediation is costly, prevention is not.

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