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The 2015 Cyber Risk Report

HP has published the 2015 edition of its annual Cyber Risk Report, which looks at the security threat landscape through 2014 and indicates likely trends for 2015.

Authored by HP Security Research, the report examines the data indicating the most prevalent vulnerabilities that leave organizations open to security risks. This year’s report reveals that well-known issues and misconfigurations contributed to the most formidable threats in 2014.

“Many of the biggest security risks are issues we’ve known about for decades, leaving organizations unnecessarily exposed,” said Art Gilliland, senior vice president and general manager, Enterprise Security Products, HP. “We can’t lose sight of defending against these known vulnerabilities by entrusting security to the next silver bullet technology; rather, organizations must employ fundamental security tactics to address known vulnerabilities and in turn, eliminate significant amounts of risk.”

Highlights and key findings from the report include:

  • 44 percent of known breaches came from vulnerabilities that are two-four years old. Attackers continue to leverage well-known techniques to successfully compromise systems and networks. Every one of the top ten vulnerabilities exploited in 2014 took advantage of code written years or even decades ago.
  • Server misconfigurations were the number one vulnerability. Over and above vulnerabilities such as privacy and cookie security issues, server misconfigurations dominated the list of security concerns in 2014, providing adversaries unnecessary access to files that leave an organization susceptible to an attack.
  • Additional avenues of attack were introduced via connected devices. In addition to security issues presented via Internet of Things (IoT) devices, 2014 also saw an increase in the level of mobile malware detected. As the computing ecosystem continues to expand, unless enterprises take security into consideration, attackers will continue to find more points of entry.
  • The primary causes of commonly exploited software vulnerabilities are defects, bugs, and logic flaws. Most vulnerabilities stem from a relatively small number of common software programming errors. Old and new vulnerabilities in software are swiftly exploited by attackers.

The report makes the following key recommendations:

  • A comprehensive and timely patching strategy should be employed by network defenders to ensure systems are up-to-date with the latest security protections to reduce the likelihood of these attacks succeeding.
  • Regular penetration testing and verification of configurations by internal and external entities can identify configuration errors before attackers exploit them.
  • Mitigate risk being introduced to a network prior to the adoption of new technologies. With emerging technologies like Internet of Things (IoT), it is imperative for organizations to protect against potential security vulnerabilities by understanding new avenues of attack before they are exploited.
  • Collaboration and threat intelligence sharing is key to cooperatively addressing threats across the security industry. This enables organizations to gain insight into adversarial tactics, allowing for more proactive defense / defence, strengthened protections offered in security solutions, and an overall safer environment.
  • Complementary protection strategy should be adopted with a continuous ‘assume-breach’ mentality. There is no silver bullet solution, and defenders should implement a complementary, layered set of security tactics to ensure the best defense/ defence.

Read the full report, available after registration.

•Date: 24th February 2015 • World •Type: Article • Topic: ISM

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