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Cyberoam Predictions 2015 Reveal 8 Critical IT Security Issues

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Cyberoam, a leading global provider of network security appliances has published its Security Predictions for 2015. These predictions give an overview of industry trends and security challenges businesses are likely to come across in 2015.

The Security predictions have been prepared with insights from the Cyberoam Threat Research Labs (CTRL).

The eight (8) predictions made are based on the latest IT trends that closely impact all of us since they co-exist in our personal as well as professional spaces like the Internet of Things, Geo-political interferences, attacks on iOS, newer authentication methods replacing traditional passwords, and more.

New threat trends like malvertising, exploitation of legacy protocols, et al, also share the spotlight among the predictions for 2015. Here are the predictions:

Dark Clouds Over Internet of Things (IOT):

This year IOT will gain wider visibility due to its advancements as well as vulnerabilities.

As SCADA systems adopt IOT, their exposure to cyber threats will increase.

Remotely connected and automated building control systems also face a similar challenge.

Around 2.2 million SCADA and BACnet devices are already exposed to potential cyber-threats as these are identifiable via SHODAN – a search engine for Internet-connected devices.

Meanwhile, government safety requirements such as eCall (Internet assisted emergency reporting in vehicles in Europe) and consumer demand for seamless data connectivity have opened gates for Connected Car infrastructure, which is bringing automakers, telcos and the tech-giants (Google, Samsung & Apple) to a common drawing board.

This is a classic example of IoT at work in our day-to-day lives.

Meanwhile, mobile apps have started featuring in the Connected Car infrastructure and it is just a matter of time before the vulnerabilities are discovered.

Geo-Political Interference

In 2014, the US Department of Homeland Security revealed a trojan named Black Energy affecting the nation’s critical infrastructure. Exploits of Syrian Electronic Army and Regin APT malware campaign also hit headlines.

The Geopolitical landscape is changing dramatically around the world and Internet cannot remain insulated from its effects; in fact Internet has become a critical tool for government sponsored propagandas, espionage and cyber-attacks.

APT malwares sometimes used in these campaigns grossly undermine legal boundaries.

Such malwares were found waiting to be activated in networks of oil and gas pipelines, power transmission grids, water distribution and filtration systems, wind turbines and even some nuclear plants in the US.

In such cases, large private businesses also come in the line of fire every now and then.

If conditions deteriorate, which seems to be a decent probability in the coming year, there will be a larger impetus on cyber-attacks from the nations involved, some of which could be revealed during the year itself.

Legacy Protocols on Target

POODLE, Shellshock and Heartbleed are examples of vulnerabilities in code which sit hidden for years before been discovered and exploited.

The legacy protocols on which Internet seems to run all so well are far from perfect and cyber criminals will continue to exploit the loopholes to their advantage. Some of these protocols being open source face a larger threat.

Moreover, as the Internet makes transition from IPv4 to IPv6, cybercriminals would hunt for latent security gaps.

In addition to the vulnerabilities in web browsers, one can also expect client side attacks exploiting application vulnerabilities in widely used frameworks like Adobe, Java, thereby aggravating network security challenges for IT admins in 2015.

Healthcare Bleeds

Given that healthcare sector is making rapid strides globally in embracing technology and digitising patient care along with storing personally identifiable information, there is a need to strengthen information security.

Securing Healthcare data is critical as it is at a higher risk given the fact that this data fetches much higher value in black market than credit card numbers, because it can provide access to bank accounts or help in obtaining prescriptions for controlled drugs.

Healthcare sector needs significant improvements in its cyber-preparedness – a fact FBI made amply clear in 2014 when Community Health Systems faced a security breach leading to theft of 4.5 million patient records in the US.

More such breaches are expected in 2015.

Malvertising And Attacks On Email

2014 saw ad networks on reputed websites like Yahoo, AOL and Google being compromised to distribute malvertisements.

Malvertising (placing malware laden advertisements on reputed/popular webpages) is likely to become more of a nuisance in 2015.

Ad networks are continually compromised and threat actors are relying on the fact that blocking every ad or testing every ad network is not a practical solution. Malvertisers are also at advantage as reputed websites (news and infotainment) are rarely blocked by office firewalls.

Meanwhile, if reports are to be believed, Spam is on a decline.

This is partly due to the fact that spammers have devised other advanced ways to land mail in the inbox, while others have moved on to sophisticated spear phishing attacks targeting individuals behind corporate firewalls.

Nonetheless, the old tactics of crafting fraudulent mails around major global/local events is still profitable for Spammers. 2015 will not be any different in this regard, though one can expect to see some newer tricks for evading current email security solutions.

Demand for Context Aware Security

Networks these days generate huge amount of data. This data contains enough cues to offer patterns of human behaviour that can be used to predict and prevent cyber-attacks.

However, comprehending and co-relating data out of various logs and reports to get meaningful information requires time and skills. Besides, it carries the risk of human oversight.

Enterprises need a security model to harness this information and interpret network traffic to identify suspicious patterns and events.

In such a scenario, Big Data analytics tools can offer huge help in co-relating the data with a given user model to spot risky users and trends in a network. In fact, BFSI organisations have already started leveraging Big Data based security analytics for early fraud detection and prevention.

Employing the advancements in Big Data analytics, Context Aware Security solutions such as Cyberoam’s User Threat Quotient (UTQ) can help IT admins in tasks akin to finding a needle in a haystack – identifying a user posing security risk in a network. In 2015, such solutions will prominently be employed by organisations seeking actionable security intelligence.

iOS On The Radar Of Cyber-Criminals; Android Attacks To Continue

Mobile malwares will make a major impact in 2015, as more people are now using handheld devices to access critical business data from cloud apart from banking and payments.

In this scenario, the new Android OS, Lollipop, will be put to test. At the same time, as enterprises embrace Apple apps and use of iOS-based devices grows, these are getting on the radar of cyber criminals.

Recent trends suggest that in 2015, iOS will get hit by phishing attacks and malwares on a larger scale than ever before.

Solving the Puzzle Called ‘Password’

The quest for replacing ‘password’ as an authentication procedure will gain momentum.

It is reported that an increasing number of millennials in the US prefer Apple’s Fingerprint Scan for authentication purpose.

However, scaling up biometric authentication techniques like fingerprint scan is a big challenge. Moreover, standalone biometric authentication is not as full proof as thought earlier.

Considering recent incidents of data breaches and credential thefts in mind, the FIDO Alliance recently released its long-awaited 1.0 specifications for passwordless and multifactor authentication systems.

A major push to move away from passwords is likely to make hackers more than just shift in their seats.

Cyberoam Technologies, a Sophos Company, is a global Network Security appliances provider, offering future-ready security solutions to physical and virtual networks in organizations with its Next-Generation Firewalls (NGFWs) and Unified Threat Management (UTM) appliances.

The virtual and hardware Cyberoam Central Console appliances offer Centralized Security Management options to organizations, while Cyberoam iView allows intelligent logging and reporting with one-of-their-kind, in-depth reports. Cyberoam is accredited with prestigious global standards and certifications like EAL4+, CheckMark UTM Level 5 Certification, ICSA Labs, IPv6 Gold logo, and is a member of the Virtual Private Network Consortium.

 


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E-Business

PalmPay, Jumia Partner to Launch Integration for Shoppers in Nigeria

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PalmPay, Africa-focused fintech operating Nigeria’s most used mobile wallet, and Jumia, Africa’s e-commerce giant, today announce a strategic partnership to enhance the digital payment ecosystem on the continent, starting with payment integrations and co-marketing efforts in Nigeria.

This partnership underscores both parties’ commitment to developing the digital payment ecosystem in Nigeria and grow the use of the cashless economy.

WIth PalmPay now available as a payment method, shoppers on Jumia will now be able to pay for their purchases with the option to check out with their PalmPay wallet, ensuring a seamless user experience and transaction reliability through the direct integration.

“We are proud to partner with Jumia as we bring together the best of fintech and e-commerce to redefine the online shopping experience,” said Sofia Zab, Chief Marketing Officer, PalmPay. “This strategic alliance aligns perfectly with our shared commitment to delivering a superior user experience and exceptional value to our customers.”

Speaking on the partnership, Sunil Natraj, CEO, Jumia Nigeria added: “At Jumia, we are dedicated to creating value for our customers by ensuring a convenient, reliable, and secure shopping experience.

“This partnership with PalmPay strengthens our commitment to enhancing the digital payments within our platform. By integrating PalmPay, we are providing more options for customers to access affordable and quality goods with the convenience of cashless transactions.”

This alliance marks the beginning of a long-term collaboration between two industry giants, aiming to drive innovation, increase convenience for consumers, and foster the adoption of digital payments across Africa.

To celebrate the launch of the partnership, PalmPay and Jumia are launching a special Christmas campaign, running from December 11th to 30th. During this period, customers who make purchases on Jumia using the PalmPay payment method will stand a chance to win exciting cash rewards. More details can be found on the brands’ respective social media pages. @palmpay_ng and @JumiaNigeria.


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Aero Contractors Launches “12 Days of Christmas” Campaign

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Aero Contractors is thrilled to announce the launch of its “12 Days of Christmas” campaign, a festive and engaging social media initiative designed to spread holiday cheer and reward loyal customers.

Running from December 13 to December 24, 2024, this exciting campaign underscores Aero Contractors’ commitment to connecting families, friends, and communities during the holidays.

The “12 Days of Christmas” campaign invites travel enthusiasts, loyal customers, and holiday travelers to participate in fun and interactive activities on Aero Contractors’ social media platforms, including Instagram, Facebook, and X (formerly Twitter). Each day will feature engaging posts such as trivia, puzzles, and challenges designed to ignite the festive spirit and encourage community participation.

Participants are encouraged to follow Aero Contractors’ social media pages, engage with the daily posts by liking, commenting, or sharing, and follow the specific instructions for each day’s activity.

Winners will be selected daily and announced on the respective platforms. Exciting prizes await participants, with the grand reward of a free return economy class ticket—a perfect gift for reconnecting with loved ones or exploring new destinations this holiday season.

“At Aero Contractors, we believe in the power of togetherness, especially during the holidays,” said Capt. Ado Sanusi, Managing Director of Aero Contractors.

“Our ‘12 Days of Christmas’ campaign is our way of giving back to the community that has supported us throughout the year. It’s an opportunity to engage, celebrate, and reward our customers while spreading joy and festive cheer.”

This campaign targets travel enthusiasts, loyal Aero Contractors customers, and families looking to make the most of the holiday season. Through this initiative, Aero Contractors reaffirms its dedication to safe, reliable, and efficient air travel, bringing people closer when it matters most.

Follow Aero Contractors on Instagram, Facebook, and X to join the “12 Days of Christmas” campaign. Engage daily for a chance to win a free return economy class ticket and other exciting offers.


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Companies Plan to Increase IT Security Budgets by 9 Percent in the Next Two Years

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Companies are planning to increase their investments in information security against the background of growing financial losses from cyber incidents. This trend was revealed in the recent Kaspersky’s IT Security Economics report.

Kaspersky IT Security Economics is an annual report that unpicks the changes in budgets, breaches and business challenges affecting IT Security decision makers. It is based on interviews with IT and IT security professionals working in organisations of various sizes and industries.

The survey was conducted across 27 countries in Europe, the Asia-Pacific region, the Middle East, Turkiye and Africa region (including Egypt, Saudi Arabia, Pakistan, South Africa, Turkiye, the UAE), Latin and North America.

According to the research, companies plan to increase their IT security budgets by up to 9%. The median cybersecurity budgets for large enterprises were $5.7M with $41.8M allocated for IT generally, while SMBs invested $0.2M in IT security from a median IT budget of $1.6M.

Possible reasons for the increased investment can be found in the analysis of financial losses from cyber incidents. Large enterprises experienced an average of 12 incidents this year, spending $6.2M to recover from them — 1.1 times higher than the budget allocated for IT security overall.

Despite the greater resources and advanced security infrastructures, the sheer scale and complexity of large enterprise organisations make them more susceptible to costly breaches.

While these enterprises are often better equipped to detect incidents quickly, the time required to fully respond and mitigate these threats can span for hours, underscoring the challenge of managing widespread, complex IT environments.

As for SMBs, these organisations experienced an average of 16 incidents this year, while spending $0.3M for remediation, which is 1.5 times higher than their overall IT Security budget.

SMBs are the most disproportionately affected group in terms of budgetary impact. They often lack robust cybersecurity policies and procedures, which leaves them vulnerable to incidents involving employees, public cloud misconfigurations, and high-level permissions.

In the Middle East, Turkiye and Africa region organiations of all sizes reported to have experienced on average 13 incidents within a year.

“This data illustrates the continuation of the current trend of increasing cybersecurity spending across all market segments. This growth is driven by at least three key factors.

“Firstly, and obviously, the constant growth in the complexity of cybersecurity threats forces companies to adopt more advanced solutions to enhance the detection of attack traces and automate responses.

“Secondly, increasing concerns from governments regarding digital sovereignty leads to the emergence of new regulations and regulatory requirements and, as a result, increased expenses.

The third factor influencing the growth of cybersecurity budgets and costs is the constant increase in salary expectations for professionals in various cybersecurity fields,” comments Veniamin Levtsov, Vice President, Center of Corporate Business Expertise at Kaspersky.

To protect companies against a wide range of cyber threats, Kaspersky recommends:

  – Use all-encompassing solutions, such as those from the Kaspersky Next product line, that provide real-time protection, threat visibility, advanced investigation and response capabilities for companies of any size and industry.

  – Adopt a managed security service such as Kaspersky Managed Detection and Response if companies lack qualified InfoSec professionals. It will provide the necessary expertise and give them the best possible advanced automated security services. Thanks to its analysis of corporate data gathered every day, in real time, 24/7, it can shield businesses against sophisticated cyberattacks.

  – Educate your employees. Dedicated training courses can help, such as those provided in the Kaspersky Automated Security Awareness Platform.

 


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