TRANSCRIPT
Medibank... Optus... and Latitude... are just some of the companies that fell victim to data breaches in the past year...
According to CrowdStrike's Chief Technology officer Fabio Fratucello, cyber attacks like these are on the rise.
“A massive increase in identity based intrusions, growing expertise by adversaries targeting cloud environments, a three- time spike in adversary use of legitimate remote monitoring and management tools.”
A new report by CrowdStrike found the top five most targeted industries over the 12 months to June were technology, telco, retail, financial services, and manufacturing.
The average time it took a hacker to access host data from the initial compromise… also known as a breakout … fell from 84 minutes to a RECORD 79.
The fastest breakout time over the year however, was just seven minutes.
Mr Fratucello says hackers are looking at ways to avoid detection.
“The trade craft we're seeing is far too often bypassing legacy security measures and even some of the modern security capability.”
Executive Director of Small Business Australia, Bill Lang, says cybersecurity has become a top issue for it's members.
“We’re seeing a significant increase in requests from our members to undertake cybersecurity audits and reviews to ensure that they are protected to the maximum.”
In a statement, the Australian Signals Directorate echoed these concerns saying, "the cyber threat to Australia continues to grow as malicious actors target Australia - and digital technologies make traditional crimes like extortion, espionage, and fraud easier to replicate and deploy."
As hackers become more sophisticated and their activities more difficult to detect, Mr Fratucello is urging companies to develop solutions within their security teams and systems to help limit the impact of cyber-attacks.
“Businesses need to have an equal or superior reaction// Making sure they have the right visibility, making sure they don't have security gaps because it's impossible to protect if you don't knoW about it Making sure that they know the adversary. They know the tactics, the techniques, the procedure of the adversaries are likely to because again, its going to be extremely difficult to protect yourself if you don't know what threat is coming.”
