Tag: IT security

A whirlwind of confusion: what happens in the first hours of a ransomware attack

Posted on by QuoStar

What to expect when ransomware actors come knocking

The global economy might still be struggling to get back on track. But the finances of the cybercrime underground are in rude health. Payments from ransomware victims exceeded $1bn last year – a record high. And that’s just for the cryptocurrency wallets forensics analysts were able to track. The real figure is undoubtedly much higher. In this context, all organisations should plan for the day when they too will be compromised by ransomware actors.

Unfortunately, many still do not. And their lack of preparedness is something threat actors thrive on. During the post-breach response period, they will do everything in their power to ramp up victims’ confusion, in order to extract maximum financial returns.

Network defenders must stay calm and stick to their plan. When it comes to ransomware, forewarned is forearmed.

The worst-case scenario

There are several ways in which an organisation could end up a ransomware victim. RDP compromise, email phishing and exploitation of software vulnerabilities are still the top three attack vectors for threat actors. But the first the organisation may actually see of an attack is likely to be a ransom note on a networked PC – or potentially an entry in a ransomware data leak site detailing how much data has been stolen.

From the start, network defenders are on the back foot. They may have no prior experience of dealing with a ransomware breach. Their adversaries, on the other hand, are usually seasoned professionals with stacks of domain expertise. Their operations behave more like regular SMBs than one may imagine. And in some cases, their resources can match those of high-flying enterprises. One infamous group, Conti, reportedly spent $6m (£4.8m) annually on salaries, tooling and support services.

Many questions to answer

Victim organisations will have a relatively short time frame in which to act. This kind of time-based pressure is a classic social engineering technique designed to rush victims into making irrational decisions. A clock may count down the minutes they still have left to purchase a decryption key. Or for breaches where only data was stolen, until that data is ‘leaked’ to the world.

In the meantime, business leaders will be frantically asking their IT teams to answer their questions:

  • How do we deal with this?
  • Who can help us?
  • How much of the business is impacted?
  • How much data has been exfiltrated?
  • How much downtime can we expect?
  • Has the story been reported in the media/on social media?

Unfortunately, without a clear, pre-rehearsed incident response plan and team in place, such questions can be tricky to answer. And the threat actors will be doing what they can to continue wrongfooting their victims. Among the tactics designed to sow confusion and force payment may be:

  • Exaggerating how much sensitive data they have been able to exfiltrate
  • Threatening to launch a distributed denial of service (DDoS) attack
  • Contacting customers and partners and asking them to demand the company pays a ransom
  • Threatening to inform regulators about the breach

Such efforts are becoming increasingly persistent, and novel. In one case, a ransomware group hijacked a US university’s emergency broadcast system to send staff and students text messages and email alerts that their data was stolen and would soon be released. In another, they hijacked and defaced the victim organisation’s website to display a ransom note to the world. In a third case, a ransomware group claimed it was willing to alert crooked traders about a breach before it was made public, so that they could short the listed firm’s stock.

Such efforts have one single goal in mind: to throw a spanner in any recovery plans and put network defenders on the back foot. If they can frighten the organisation in to paying the maximum ransom demand rather than a lower negotiated figure, all the better.

Struggling to respond

Organisations caught in this whirlwind of confusion will find it extremely difficult to successfully respond unless they have prepared for something like this worst-case scenario. Yet unfortunately, government data tells us that just a fifth (21%) of UK businesses even have an incident response plan in place, rising to 47% of mid-sized firms. Fewer than two-fifths (37%) have cyber-insurance.

This matters, because despite the news headlines, most ransomware victims are not big-name brands or government agencies, but SMBs. The median size for a breached organisation stood at just 230 employees in Q4 2023. Some 36% of victims in the period had fewer than 100 staff members. There is a ruthless logic to this. Smaller firms are less likely to have the resources and expertise needed to protect against ransomware attacks in the first place, or contain and recover from them rapidly if they are breached.

The truth is that no organisation is safe from ransomware today. But a compromise doesn’t have to precipitate an existential corporate crisis. The message is simple: plan today to avoid a whirlwind of pain tomorrow.

To find out more on what a ransomware attack could entail for your organisation, and how to mitigate and respond effectively, sign up to our forthcoming reality check webinar: Assessing the real impact of a Ransomware attack.

 

Assessing the real impact of a Ransomware attack, webinar registration

 

 

 

Reassessing IT Security in Professional Services: A Board-Level Imperative

Posted on by Robert Rutherford

Doing “the basics” is not enough

The landscape of IT security has shifted significantly, yet a sense of apathy remains, rooted in the scaremongering sales tactics of the past decade. Today’s reality is starkly different: every firm and individual is a potential target, and the consequences of lax security are not just damaging but potentially catastrophic, leading to public embarrassment, hefty fines, and severe business disruptions.

Alarmingly, many professional services firms are not adhering to even the basic tenets of Cyber Essentials, a fundamental cybersecurity framework. Worse still, some firms rest on the mistaken belief that compliance with such frameworks alone guarantees security. Cyber Essentials really is ‘just the basics’ – not a badge of being secure.

Technical controls like advanced firewalls and detection systems are prevalent but often give a false sense of security. The analogy of a fortress with an open back window is apt; firms have robust protections in certain areas but unknown critical vulnerabilities in others. The security measures are not as integrated and comprehensive as they should be.

A glaring gap in many firms is the absence of a solid GRC framework and an Information Security Management System (ISMS). IT security is not just about technology; it’s about ongoing processes, risk management, evaluations, reporting, and testing.

Implementing an ISMS, particularly one aligned with ISO 27001, is essential for establishing a strong cybersecurity posture. Utilising key elements of this standard can significantly bolster a firm’s defence against cyber threats, even if you don’t certify against the standard. There’s no reason why every firm shouldn’t at least have a risk register and details of the security controls associated with countering those risks. It seems odd not to do it when you understand how much common sense it makes.

Despite the technical aspects of cybersecurity, the problem is not confined to the IT department, it is a challenge that must be tackled at the board level. Many firms still erroneously view Information Security and Cyber Security as IT issues when they are, in fact, most certainly broad organisational concerns.

It is vital for the business and IT to have a clear understanding of the organisation’s risk posture; identifying all risks faced by the business and the controls necessary to manage them. Regrettably, this level of understanding is often absent within a number of IT and business leadership teams, leading to insufficient risk management strategies. As an example, I’d argue that a significant number of firms don’t appropriately assess the security of their supply chain. This is almost as if they’ve delegated accountability to their suppliers for their firm’s operation; that’s a big statement to make i.e.  ‘we are going to close our eyes and hope they’ve got it under control’.

The issue is compounded as many IT teams are currently overwhelmed in firms. They were historically tasked with maintaining operations but are now also burdened with managing numerous transformation projects post-COVID, along with a vast information security landscape to get control of. Many are really struggling, yet the board won’t assign the necessary focus or budget to really get hold of it.

Reassessing IT Security in Professional Services

Conclusion

Professional services firms must urgently re-evaluate their approach to IT security, transitioning from outdated perceptions to a holistic, board-level governance model. This shift is critical not just for the integrity of their IT infrastructure but for the survival and competitiveness of the firm in an increasingly digitized and threat-prone world.

Resolution

In response to the demands of professional service firms, QuoStar’s CISO service has been built to manage all of the key areas highlighted, from the ground up. It’s a comprehensive support service to give the IT team and the firm’s board real confidence that they are managing cyber security appropriately and effectively. In addition, it delivers:

  • Ongoing senior IT security leadership and guidance.
  • IASME or ISO 27001 implemented and managed (if desired).
  • The ability to effectively manage and respond to cyber-security threats.
  • A defined, ongoing roadmap for cyber-security protection.
  • All key documentation, policies and processes agreed and in place.
  • All key parties engaged in security standards implementation.
  • An overall definition of cyber-security strategy and tactics.
  • All key stakeholders understand the business objectives.
  • The ability to formally evidence management of cyber-security
  • Continual review & evaluation of the threat landscape to control your risk profile.

Schedule a complimentary review with a CISO.

How to safeguard your cyber insurance cover – and your business

Posted on by Robert Rutherford

The risks of – and the potential fallout from – a cyber-attack is enough to keep any company director awake at night. 

The costs of a breach can be huge, costing UK enterprises an average of £4.09 million per breach, according to IBM’s Cost of a Data Breach study.  

These figures are not surprising when you consider lost productivity and revenue, response, forensics, recovery, communications, data breach fines, and various other costs. Even a company with 100 employees can be looking at hundreds of thousands of pounds, just to get back to where they were before an event, such as from a ransomware attack.  

Together with the significant reputational damage that can follow a data breach, the level of risk and likelihood means that most organisations have some form of cyber insurance to cover these substantial costs.  

 But as the number of cyber insurance pay outs grows, insurers are looking at ways to not pay out, or at least not for the full amount of damage. This is understandable in cases where a board has been negligent and not managed the risks, just as a motor insurer would not pay out where a driver had failed to get an MOT or put road legal tyres on their car.  

Your responsibility to control risk

All cyber insurance providers expect policy holders to take responsibility for evaluating and mitigating risks.  

Insurers expect best-practice cyber security controls to be in place, which typically includes the ‘absolute basics’ such as Cyber Essentials. This also means keeping on top of security operations year-round, not just a tidy up and certification every year or so. 

If the basics are not in place at the time of a breach, then many insurers will not pay out. On top of this, the ICO and other regulators are likely to hand out significant fines. These amounts aren’t insignificant, as the ICO alone can hand out a data breach fine of £17.5 million, or 4% of an organisation’s total annual worldwide turnover, whichever is higher. 

Cyber security basics should be viewed as seriously as other risk controls in your business, such as a fire alarm that is regularly serviced and tested. 

Common cyber security measures

For a cyber liability policy to pay out in a breach scenario you need to check the small print.  However, here are common areas that are going to have an impact on any claim: 

Patches and Updates

  • Firewall Protection – IT equipment must be protected from unauthorised access by a suitable firewall. The firewall needs security updates and other updates at least once a month, if not automatically. An insurer will almost certainly not pay out if the firewall is not up to date at the time of a loss.
  • Software updates –It’s best practice to patch and update software and it is a standard cyber insurance term to mitigate known vulnerabilities. Important updates to firmware, operating systems, and other software must usually be installed within 14 days of being released by the vendor or provider. Some insurers will insist on seven days, which can be a tough clause to manage in some environments, so keep an eye out for this.
  • Tablets, phones, and other devices – It’s important that tablets, phones, and any other devices with access to your network are updated or kept off the corporate network. Your organisation is responsible for who and what connects to its network. If your network is breached from an insecure work or personal device, then your insurance could be void. 
  • Outdated operating systems – Outdated operating systems and software that is no longer supported by the vendor in terms of security updates is going to invalidate insurance if they are breached. 

Users and Passwords

  • Change default passwords – If you have default passwords or use the password that came with an IT device when it was purchased, then your policy will be invalid. There are large databases on the internet that list all these default passwords, and these are always a go-to for hackers and automated attacks.
  • Individual ID and password –It can be common for some users to share logins and passwords to certain systems, and for conference room PCs to have shared logins. These shared credentials are unacceptable as they are a common cause of a breach. It also makes the source of a breach difficult to trace.
  • Limiting access – System users should only have access to what they need, particularly logon credentials with enhanced security rights, such as administrator rights. It’s particularly important that users don’t have administrator rights on the device they log in to as that’s an easy way for an attacker, who may be an employee, to gain control of a machine and then the wider network and systems. Organisations will need to prove that administrator accounts are controlled and that passwords are changed regularly.
  • Work laptops should be controlled – Only authorised users should be able to use work devices. This will need to be controlled via policy and login restrictions. An employee’s child downloading and installing a game with ransomware on to a work device could lead to the insurance being invalidated.

Data Backup

Cyber insurance policies will always cover the backup and protection of data. They will typically include: 

  • Two copies of backup data at different locations – It’s standard to expect two separate copies of backup data to be stored. One can be local to the IT environment, but another should be taken or backed up off-site, such as on a cloud backup platform. It’s increasingly common for insurers to ensure that backup data is air-gapped, so if someone gains access to your systems, they cannot get access to the backups. It’s common for ransomware attacks to seek and encrypt backups quickly.
  • Frequency of data backup –It’s usual to backup data daily, if not continually, in most modern IT environments. If your data is critical, then an insurer would want to know why you have not backed-up regularly. 
  • Backup checks – It’s critical that you regularly evaluate your backups to make sure everything that needs to be is backed up. It’s even more critical to ensure that your backups are working as expected. Many systems will send automatic alerts, but it’s still worth doing a manual check and restore every now and again.
  • Virus Protection –Cyber insurance terms typically state that anti-virus software should be in full and effective operation at the time of a loss. It should also be noted that many insurers are now asking that businesses have at least EDR (Endpoint Detection and Response), which is a typically more advanced antivirus solution, supported by a specialist organisation. In fact, it’s generally considered a security basic now, as antivirus was 20+ years ago.

Pre-existing problems

Cyber insurance will not pay out if you are aware of, or ought to have reasonably known about, a pre-existing issue, prior to the cyber insurance being taken out. This is particularly important if you’ve had security audits undertaken in the past but not dealt with any issues highlighted. Too often organisations know they have issues but still take out insurance as a way of mitigating spend on security controls. This is a bad idea. 

Previous breaches

If you’ve been breached before it will impact your insurance, as there could always be something waiting to deploy at a particular time, or a hole left in the environment. You must declare if you have had a breach, usually over the last three years. 

What can reduce premiums?

There are key areas that can make a real difference to your cyber insurance premiums and your security posture, such as: 

  • Multifactor authentication, particularly for remote access and administration accounts 
  • Privileged Access Management (PAM) 
  • Endpoint Detection and Response (EDR)
  • Secured, tested and encrypted backups 
  • Email filtering and web security 
  • Patch and vulnerability management 
  • Cyber incident response planning and testing 
  • Cyber security awareness testing and phishing testing 
  • Security Information and event management solutions 
  • Vendor and supply-chain risk management 

All the above are sensible security controls that should already be in place in organisations of all sizes. 

How do I know if I have the right controls in place?

If you would like a no-obligation audit, please contact us to sign up for a Cyber Maturity Assessment or Cyber Risk Assessment.

How our Fortinet SD-WAN solution delivers security at scale

Posted on by QuoStar

If your organisation is considering SD-WAN (Software-defined Wide Area Network), then effective networking and built-in security should be integral to your decision.

In partnership with Fortinet, QuoStar is one of 15 SD-WAN specialised partners in the UK. We offer a solution that achieves safer, more cost-effective and efficient SD-WAN implementation. Here’s how:

SD-WAN explained

With dispersed workforces, new digital tools and cloud adoption at an all-time high, many organisations are turning to SD-WAN. This virtual WAN architecture brings together existing internet connectivity options, such as MPLS, Broadband, DIA and LTE, to securely connect users to applications, while simplifying the control and management of this connectivity.

SD-WAN solutions help to remove complex and expensive routing, cut down on hardware costs and remove expensive MPLS networks. They can also greatly enhance access to Software as a Service (SaaS) and other cloud-based services and help to minimise downtime.

The issue

However, many available SD-WAN networking solutions have little or no built-in security, which can lead to organisations adding a range of disparate tools to address these risks. This increases capital expenditure, raises complexity and creates potential gaps for cyberattacks.

A fully integrated, secure SD-WAN solution is the best way to ensure effective protection, operational efficiencies, and on-going readiness for evolving network demands.

QuoStar’s SD-WAN solution

Working in partnership with Fortinet, who have been recognised by Gartner as a Leader in the 2022 Gartner Magic Quadrant for SD-WAN for a third year in a row, QuoStar’s SD-WAN solution brings extra security protection and enhanced performance to the existing benefits of SD-WAN. These improvements include:

  1. Protection at all edges

Native security for both on-premises and cloud-delivered services, to provide flexible, secure access for a distributed workforce working on and off the network. Unified orchestration capabilities further provide end-to-end visibility and control of the network environment.

  1. A world-class user experience

Our solution overcomes WAN impairments at all edges using our comprehensive self-healing SD-WAN as well as AIOps and Digital Experience Monitoring (DEM). There are no network slowdowns thanks to our purpose-built security processing units, and application performance is maximised with artificial intelligence and machine learning.

  1. Reduced costs and complexity

Significantly lower operational complexity and low total cost of ownership is achieved with converged networking and security. Our unified SD-WAN solution secures remote workers and on-premises users with consistent policies.

You should investigate SD-WAN if:

  • You’re a largely distributed company experiencing network problems.
  • You’re particularly vulnerable to internet outages.
  • Your internet connectivity costs need to be revaluated.
  • You want to simplify the branch architecture.
  • You’re in the market to affordably expand your company’s network.
  • Your company needs to scale quickly and easily.
  • You would like to enable reliable user experience on any transport with rich routing and advanced WAN remediation for self-healing networks
  • SD-WAN control and management across multiple locations is providing a challenge for businesses with IT resources facing skill gaps

Obtaining a Secure SD-WAN Assessment Report will give you unmatched insight into your current security posture and network activity. Learn more about your network by registering for a free assessment here.

Free SD-WAN Assessment

Why MFA is no longer enough

Posted on by QuoStar

Two step authentication

It’s time to let go of the view that multi-factor authentication (MFA) provides enough security.

Hackers have the means to steal passwords, hijack users’ sign-in sessions and bypass the authentication process entirely, even when MFA is enabled. Adversary-in-the-middle (AiTM) attacks may be nothing new, but the ability of criminals to bypass MFA is.

What’s new?

Attackers can now intercept the legitimate session cookie issued by a real website, along with the authentication token.

The sophistication of these modern AiTM attacks has been highlighted by Microsoft, who explain how AiTM phishing attacks work.

In simple terms:

  1. An attacker sends a cleverly crafted email (phishing attack) which looks legitimate
  2. An unsuspecting user clicks on this link, which takes them to the attackers’ ‘spoof’ website
  3. The attackers’ website silently and transparently forwards on the request to the real site (Office365, Google etc) for authentication
  4. The user sees the real website and enters their credentials to authenticate

The attacker can now silently intercept this data while it passes through their website

Cookie theft

Ever wondered how you can launch Edge or Chrome and navigate to your Office 365 email without being prompted for authentication? Or launch Outlook or Teams without being prompted for authentication?

This is because you have already done that once and have a safely stored session cookie which is valid for a set number of days.  This is what the attacker is after and once they have it, they have easy, instant access to your email or Teams account.

 

Build multiple layers of protection

A multi-layered approach to security is the key. Relying on a single security mechanism such as MFA is like putting all your eggs in one basket. You need to reduce the possibility of security compromise by adding more control layers.

  1. Enable MFA if you haven’t done so already. Without this, it’s like having a toy padlock on your front door.
  2. Raise awareness. This is the most effective and essential step of all. Educate users on how to spot phishing emails and when they should and shouldn’t enter their credentials.
  3. Implement advanced email filtering. Reduce the chance of attacker emails reaching users’ mailboxes by deploying Content Filtering, Sender Filtering and Safe Links. These are must-haves.
  4. Implement a Web Proxy. These may be usually considered a mechanism to stop people accessing Facebook or eBay during working hours, but when combined with Deep SSL Inspection, a Web Proxy can inspect all traffic leaving the organisation and track known suspicious or malicious content and sites.
  5. Implement EDR. Next Generation anti-virus/anti-malware technologies with an Endpoint Detection and Response (EDR) service overlay can detect threats in your networking environment and respond to them appropriately, automatically, and ideally with a human interaction when required.
  6. Implement Microsoft Conditional Access Security Defaults. Conditional Access policies allow IT admins to create conditions before events, such as authentication, can be accepted. This could include enforcing MFA when logging into any Azure integrated Cloud App, including Office 365, to block sign-ins from untrusted locations or from unknown devices.
  7. Implement Least Privilege. If an attacker manages to penetrate all these layers you can still limit the damage done. If the end user does not have local admin rights, then there’s a good chance that the attacker will not have these when they compromise that machine. Another, possibly even more important, step is admin account separation

None of these controls are particularly new. They are in essence good practice and should be implemented as a base standard in all sizes of IT estate. The majority shouldn’t even cost significantly to implement if anything.

Find out how QuoStar can help to evaluate your IT security and safeguard your enterprise from attacks with a complimentary consultation with a member of our security team.

 

The cyber-war era: the rapid growth of the threat landscape

Posted on by Teila Hurlock

cyber security skull banner

 

In this blog we explain what you should be looking out for in the cyber-war era, and how you can best protect the cyber-security of your organisation.

 

The threat landscape is accelerating faster as global tensions grow over the Russia Ukraine conflict. The Cyber-war is well underway, with Ukraine rallying troops for the frontline of the cyber battleground. 

Cyber-war era: as cyber security threats rise, what should you look out for?

Amid the tensions of early 2022 cyber-attacks were already on the rise, with threat actors targeting both Ukrainian organisations and their government. Although there are still questions around who may be responsible for some of these attacks, Ukraine firmly believes Russian state actors are responsible – and evidence would strongly suggest that is the case.

Since the Russian invasion began in Ukraine on 24th February 2022, businesses and government institutions globally are on high alert for state-sponsored cyber threats – with banks, energy companies and airlines undertaking additional work to strengthen their defences against such attacks. There is an underpinning fear that this could be the new era of global cyber-war.

DDoS attacks

Cyber-attacks on state-owned digital assets such as the Ukrainian Defense Ministry and Military websites increased in February, as they were hit with DDoS (Distributed Denial of Service) attacks, along with two large Ukrainian banks – PrivatBank and Oschadbank. In this case, the websites were flooded with traffic to the point that they crashed, making the websites unusable.

FoxBlade

Microsoft has issued a Security Intelligence advisory about FoxBlade, a novel trojan. This trojan can use your PC for distributed denial-of-service (DDoS) attacks without your knowledge.

Malware

HermeticWiper / FoxBlade (aka KillDisk)

At the end of February, there was the discovery of the new wiper malware that had been unleashed – dubbed HermeticWiper by some and FoxBlade by others. As well the as DDoS attacks mentioned above, it was designed to wipe the hard drives/system storage of the systems infected, corrupting all the data in the drive – making the data unrecoverable – then initiating a system shutdown. It has been found on Ukranian computers, as well as on machines in Latvia and Lithuania.

Furthermore, a “worm component” dubbed HermeticWizard, has been discovered that could be used to spread the HermeticWiper in local networks.

FoxBlade (HermeticWiper) also downloads and installs other programs – including other malware – onto infected systems, Microsoft has advised.

IsaacWiper

Cybersecurity experts identified a second wiper cyber-attack, named IsaacWiper, targeted at Ukrainian governmental networks according to a report on Tuesday 1st March. The second wiper attack was detected on 24th February and is described to be a lot less sophisticated than HermeticWiper.

Cyclops Blink malware

The UK’s NCSC (National Cyber Security Centre) and the US CISA (Cybersecurity and Infrastructure Security Agency) have released details about a new malware targeting network devices, which they attributed to Sandworm – a threat actor previously attributed to the Russian GRU’s Main Centre for Special Technologies (GTsST).

Cyclops Blink is a new piece of malware that targets network devices – supposedly being used by the Sandworm threat actor – a replacement for the VPNFilter malware 2018. The malware collects device information, sending it to a command-and-control server. It can download and execute files, as well as getting additional modules at a later date.

Cloned websites

Researchers have identified a web service hosting cloned copies of websites. A number of Ukrainian government websites were cloned, along with the main webpage of the Office of the President. These sites were filled with malware links, that once clicked, would download on to the user’s computer.

 

What does this cyber-war era mean for nations other than Russia and Ukraine?

 

Whenever one nation launches a cyber-attack against another, it doesn’t just increase cyber risk for the nations involved. It also impacts global cyber risks. The Cyber Attack Predictive Index (CAPI) tool, created by Johns Hopkins Information Security Institute, has hit its highest possible threat likelihood level, at a score of 25 (out of 25) under the current situation.

While the aforementioned attacks aren’t particularly sophisticated, and can be mitigated with the right cyber protection measures, these types of attacks have previously been used as a diversion tactic in order to lay groundwork for more damaging, sophisticated attacks.

Exposure or risk

As the EU, UK and the US impose sanctions on Russia and Belarus there is greater chance of being at risk of targeted cyber-attacks, as retaliations make take place from the Russian and respective forces. Companies across Britain have been warned to prepare for a heightened security risks as the UK placed sanctions on three of Russia’s wealthy allies.

UK organisations have been urged by GCHQ’s National Cyber Security Centre (NCSC) ‘bolster their online defences’ and warned that there has been an ‘historical pattern of cyber-attacks on Ukraine with international consequences’.

According to Laurance Dine, global partner, X-Force Incident Response, IBM, businesses need to start operating under the assumption of compromise, and put in place the proper controls and measures necessary to defend their environment and critical data.

The UK government may well be taking their own measures to defend the cyber security of the nation, as secretary of state for defence, Ben Wallace, told parliament in reference to the National Cyber Force: “I am a soldier, and I was always taught that the best part of defence is offence… What is good for the goose is good for the gander, and that if necessary we could use cyber warfare to give as good as we get back to Russia.”

High alert for the energy sector

This week (28th February 2022) the UK Business Secretary, Kwasi Kwarteng, is holding talks with the chair of National Grid amid anticipation of a surge in state-sponsored cyber-attacks from Russia. A wise move considering that, in a recent report published by IBM Security, the UK’s energy sector was the target of 24% of all cybersecurity incidents in the country last year. It is also thought that Russia was most likely responsible for the SolarWinds and Colonial Pipeline attacks of 2020 and 2021.

We recommend:

  • It may seem obvious but evaluate the controls you have in place against cyber-attacks, particularly ransomware.
  • Pay close attention to the news cycle in relation to this situation.
  • Pay attention to the types of attacks that are coming through via security feeds.
  • Keep everything patched.
  • Watch out for any suspicious traffic that may be coming from outside of the country.

At QuoStar we are committed to helping you and your business remain secure. Our experienced industry professionals are here to give you measured and realistic advice.

Evaluate your protection against currents risks, book a complimentary initial cyber security review session with our Head of Security David Clarke.

 

The ransomware risks to law firms and how to protect against them

Posted on by Robert Rutherford

Ransomware risks to law firms

Ransomware risks are the largest threat that faces law firms today.

Ransomware attacks have increased by 288% in 2021. And, Reuters doesn’t expect this to slow down any time soon – comically suggesting that “Like ‘Terminator’, high-tech cybercrime is expected to keep coming.”

Any business can become a target to cyber criminals, but law firms are one of the top targets globally. Even a listed UK Law firm was hit by cyber-security a incident this year. It’s obvious that law firms are lucrative and have access to money, so they are often able to pay a ransom where other types of businesses might not.

However, cash flow is not the only reason firms become a target. Law firms have many interaction points and are in effect a service business – service businesses live and die by their reputation. That’s why they are a prime target.

 

Ransomware risks to law firms: why are they a great target for Ransomware attacks?

They have some great data, and that fits with the Ransomware business model. Ransomware is a revenue generator for cybercriminals. Ransomware encrypts your practice’s electronic data, and takes a copy of the data, which can then be:

  • Sold to other cybercriminals
  • Held to ransom over public release of sensitive information
  • Assumes control of your social media and broadcasts your data and failings
  • Sell the exploit details to another cybercriminal
  • Use the same exploit again and ask for another ransom

 

Are law firms financially protected from cyber-attacks?

Typically, a paid ransom will be reimbursed by Insurance, but of course only if the right controls are in place from a cyber-security / risk perspective in the first instance.

Many firms think they are protected financially by simply having insurance in place to reimburse a ransom payment. However, if there isn’t the right security in place, then insurance won’t pay out.

 

Money isn’t the only loss a firm faces when hit

Greater threats are posed, here are some other ransomware risks to law firms.

Some ransom groups will demand a ransom, but that will only be after they’ve posted all of the firm’s sensitive data, and client data onto the dark web.

The firm may be able to get operational again, but the real damage goes beyond that, as their client’s data is in effect spread globally for anyone to access. It’s easy to see that the ransom payment is just a fraction of the real cost a firm could face.

A breach means letting clients know their data is ‘in the wild’, that other parties can access it and can, in effect, use that information to do much greater damage. That’s big, it will seriously hurt the firm and all those they work with.

Regulators want to try to compound that damage. A firm is now looking at huge fines from the regulators, such as the ICO and the SRA. It’s a horrible place to be, hence the focus from those in the global ransomware business, which is now bigger than the drugs trade (the global cybercrime economy generates over $1.5 trillion).

This year 4 New Square Chambers took an unusual approach this year after they were attacked mid-June. For damage limitation purposes they took out a court order demanding the criminals not to share the stolen data. The mystery hackers were ordered to hand over any information they may have obtained by 27 September 2021 or face possible contempt of court proceedings – but only time will tell how well this has worked.

 

Risk and IT security are not separate entities

Too many in the legal industry view the ransomware risks to law firms and IT security as separate entities. They simply put being secure from a cyber perspective and all those risks down to the IT team. That’s just not going to wash with regulators, clients and very likely the media. Risk is a board responsibility/accountability, not IT’s.

Of course, the IT team plays it part. However, like every important functional operation in a firm, you need governance. The whole firm needs to be aware of its role in controlling risk, especially as most IT breaches come from an employee doing something they shouldn’t. The biggest threat to a firm’s security is more often that not going to come from something simple such as someone unsuspectingly clicking a link or giving information out over a phone.

 

IT can only so go far

New and emerging threats are often targeted at the end-user sat at their laptop or on their phone. Sure, technology has its risks, such as unpatched software or a lost laptop, but people are always the weakest link. Although employees pose one of the largest risks with one of the biggest impacts, the threats are of course much wider.

The other big risk is vulnerabilities within IT systems that face the Internet, both those run internally and through third parties, such as a website host, an IT supplier, or some form of partner organisation that links into a firm’s systems. Every link into a firm is risk. they need to be evaluated and tested. A firm should certainly penetration test their own systems, but they should also look at those they interface with, to ensure they also deal with their part of the wider risk piece.

 

So, how can the ransomware risks to law firms be avoided?

There are most certainly the basics that should be dealt with, especially where ransomware is concerned, such as:

Have you got an air gap in your backups?

Ransomware attackers want to encrypt your data. That may take you down for a few days. However, if your backups are also on the same network as your data they will be looking to ensure they are also encrypted. That leaves a firm dead in the water with no chance of recovery.

Do you have a rigid patch management policy?

Many businesses patch once a week, many once a month. That’s not enough. The IT team needs to be continually aware of brand new threats and needs to deal with them quickly, or they need to rely on a specialist IT security partner to deal with it.

Do you use a VPN to protect endpoints on public networks?

Too many firms allow their staff to connect at home or in other locations, such as hotels, over unprotected networks. That’s a risk that needs to be controlled via a VPN.

Do you consistently train and test your users how to spot suspicious email or call?

Again, staff are the weakest link and need to be able to spot suspicious behaviours online.

Do you control USB ports to ensure non-approved storage devices can’t be installed?

You can’t allow staff to plug anything into a work machine or a machine that accesses work machines without controls in place. For example, a Rubber Ducky Attack cyberattack, where a custom USB device emulates a USB keyboard to attack a workstation.

Do you have an email security protection system in place?

You do need an advanced email security protection system in place that checks both links in email and the attachments. You can’t generally rely on email provider systems, not even Microsoft’s.

Do you have next generation antivirus in place?

Traditional antivirus systems aren’t enough to protect against ransomware. Once they’ve detected it with a scan it’s too late. You need NGAV (Next Generation AntiVirus) which can spot ransomware before it does its damage.

Do you have 2-factor authentication in place?

This is probably one of the biggest protections against ransomware available. A third party can steal a password, but they cannot get access to systems without a known device.

Do you have a SIEM and a 24x7x365 SOC?

A SIEM is a Security Information and Event Management system. A SOC is a Security Operations Centre. If you’ve done the other points, then you need a system that looks for suspicious behaviour (a SIEM looks for it) and a team that can take that alert and respond (a SOC). These systems can be expensive, so you need to really make a judged call on how far you should go.

So how do you decide how far you take your IT security?

Well, first you really need to understand the all the risks you face. You need to understand what the likelihood of those risks being exploited, and you need to understand the likelihood of it happening. How do you do that?

You need a system, you need a framework. Too many firms think they have Cyber Essentials so they are secure. That’s not the case. Cyber Essentials is the very basic and doesn’t make you secure, especially not from the ransomware risks to law firms.

Have a plan for resiliency.

The only way a firm, particularly the leadership, can get a grip on IT security is to work to a governance level – to implement an Information Security Management System (ISMS). If you have an ISMS you are doing the right thing from a leadership perspective. You can know your risks, you know the controls of those risks and you can make a call on what you need and want to do – based on real knowledge.

An ISMS, such as ISO 27001 will give you complete knowledge of your risks and how you deal with them. It will also let you manage all of your suppliers and third parties, ensuring they don’t pose a risk you are unaware of.

At Quostar we have a process called “Chain of Resiliency” which highlights the weakest links in your critical systems whether cloud or traditional server-based. This is so you can estimate the cost of lack of resiliency per system appropriate to your law firm, and do a cost-benefit realisation.

 

In short, a strong Executive action plan will:

  • Copy what the big tech companies do.
  • Enforce Backup and restore process (The important bit is the restore)
  • Implement an Information Security Management System (ISMS)
  • Use risk as a management tool not as a list
  • Implement Governance over risks with key stakeholders
  • Follow best practice

 

If you’d like any advice from our CISO on your firms cyber security set up get in touch today.