The highlights of the 2024 Arctic Wolf Labs Threat Report were unpacked during a recent webinar.
Known vulnerabilities, increased ransoms and BEC: emerging trends in cyber crimeJason Oehley, regional sales manager, Arctic Wolf Networks.
Oehley added that organisations don’t typically ask for help in the case of BEC. “These cases are often not investigated, and a lot of the time, will not result in an insurance claim,” he said.Outlining the root causes of non-BEC incidents, Oehley said over 70% were due to external exposure. Only 3.4% of cases were due to Zero-day attacks, while 29% of non-BEC breaches took advantage of basic vulnerabilities, and 60% of those were vulnerabilities that were over two years old.
He also highlighted the fact that NIST had published over 29 000 vulnerabilities in 2023 – another record-setting year. “5 180 of these were critical vulnerabilities and 11 650 were high vulnerabilities. This is a significant increase over the year before and I believe this increase could be related to open source code and code now being generated by AI,” den Hond said.
“In South Africa, the CIPC, part of the DTI, announced this year that it had been breached. This is quite scary because it houses all sensitive information for all companies – with usernames and passwords. It has far-reaching implications and the fallout and damages have yet to be determined,” he said. “If those directors use the same usernames and passwords on other accounts, they need to change those immediately.
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