Cost of Susceptibility
September 2022 – With a good portion of 2022 gone by, we continue to tread carefully with evermore vigilance in the terrain of cybersecurity. For there is no sleep time where security is concerned.
Last year had us kept on our toes with the infamous ransomware attack on Kaseya in July, followed up closely by the Kalix municipality debacle in December. This year is no different. All facts and figures point to an exponential growth in cybercrime and mounting ransomware claims in recent times.
In early July 2021, Kaseya, an IT infrastructure management solutions supplier for Managed Service Providers (MSP) got busted by a high-risk menacing ransomware attack, abruptly paralyzing as many as 1500 small, medium and large-scale business enterprises running on their services. This attack on a vulnerability in Kaseya software had a direct impact on over 1 million devices globally. The victims found themselves being demanded ransoms of large sums ranging from $50,000 to as much as $5 million, rendering them helpless at the mercy of the attackers. Popular Swedish supermarket chain Coop was forced to close about 700 of its stores for over a week as checkout was made unavailable due to the strike, a living nightmare for the reputable branched network retailer.
Similarly, the attack on the Kalix municipality had over a hundred systems rendered unusable instantly. While all of the systems had to be rebuilt, the municipality had to resort to paper-based operations for weeks.
Out There – Or, Right Here?
This year begins with more news on security breaches. The ransomware stage set keeps getting better with evolving scripts, plot twists, and actors playing hard with what they are good at, stretching as far as Ransomware as a Service (RaaS) being made available for a price, if you may. Organized cybercrime has infiltrated itself into our everyday systems and has already made it into our backyards, as we speak. It, therefore, is only a matter of time before we hear the knock on our door.
To have it laid down in numbers, the cost of cybercrime felonies worldwide that we would have to put up with by 2025 is predicted to be around $10.5 trillion annually, as per the concluding statistics by Cybersecurity Ventures, the leading researcher in the global cyber economy.
However, the cost of a security breach, unfortunately, does not confine only to the ransom and/or the financial burden of damage repair and resource replacements. It comes with the irrecoverable damage of a tarnished image and the loss of the hard-earned trust of loyal customers. And of potential business prospects in the future.
How Safe Are We?
So Far So Good… Or Is It?
Criminal plotting is manifold. And cybercriminals are no different. Armed with the latest technologies and gaining strategic advantage over the victims, they now employ sophisticated means to exploit system vulnerabilities seeking ransoms and extortions. Stealing, leaking, and/or selling sensitive information about the victimized systems is a common offense among cyber criminals. They can cripple entire networks rendering whole systems unavailable or obsolete. Or corrupt and/or encrypt your data. They may also use your computers to mine bitcoins or attack others. The endless possibilities could send chills down the spine of your IT system.
Cybersecurity vulnerabilities are concealed in all systems, in disparate forms invisible to the unassuming security administrators, manual testing, and periodic scanning. As technologies evolve with emerging trends, so does the corresponding attack vector scheming. Where once the ultimate protective measures were with device endpoint protection and network security, we are now thrust with the security of mobile and cloud technology, blowing off the precariously guarded perimeter-centric protection approach a few years ago.
This is where vulnerability scanning comes in handy.
Our Forte – SECaaS On Tap
You know you should be prepared. Just how prepared you ought to be, is where our expertise fits into serving you.
Envisioning affordable top-notch Security as a Service (SECaaS) solutions, on tap, for all enterprises, eBuilder, in partnership with Invicti, brings forth eBuilder Security Services, conveniently facilitating comprehensive vulnerability scanning with Acunetix.
Invicti, dubbed a Challenger by 2022 Gartner Magic Quadrant in Application Security Testing (AST), caters distinctively to the requirements of present-day organizations covering all of their applications and APIs at scale. Selected by Invicti as one of the first Managed Security Service Providers (MSSP) of Acunetix in Europe and the leading MSSP partner in Sweden, eBuilder now offers Acunetix in flexible arrangements at affordable rates for enterprises.
Renowned to be the most accurate vulnerability scanner around, Acunetix is leading the way in automated application security testing today. Based on DAST/IAST technology, Acunetix boasts superior precision combined with the lowest false positives in the industry. The award-winning Acunetix Vulnerability Scanner is trusted and used by prestigious organizations such as Forbes 500 business, NASA, and US Air Force, to name a few amongst 3400 odd.
Robust with very high detection rates, our scans are run daily with detailed reports directly available for developer reference. Easily scalable and available on tap, you can pay as you go with the flexibility to add/remove endpoint targets as required.
Our tested automation-focused approach to application security presents complete visibility, proven accuracy, enterprise scalability, and developer enablement to organizations across the globe.
With over 20 years of providing secure Software as a Service (SaaS) solutions around the globe, eBuilder is proficient in solutions for Banking, Defense, and Telecommunications industries. Our esteemed client base includes the Swedish parliament, government agencies, and municipalities placing their trust in us in keeping their IT systems safe.
To Do – Next
Sign up for our free trial which identifies a single web application to be scanned and tested for vulnerabilities. You can schedule a demo with our proficient team for setting up the scanning. Within our free trial plan, we run a scanning of your application with visibility into an executive summary report comprising vulnerabilities with insights on severity.
Feel free to reach out to our expert eBuilder team for your queries and concerns on your cybersecurity terrain.
- Image attribution: Detail of Painting of Soviet Defenders – Defence of Brest Fortress Museum – Brest – Belarus – picture by Adam Jones from Kelowna, BC, Canada. The Defense of Brest Fortress is known for its well-organized, resilient shielding despite being attacked with the element of surprise to the enemy’s advantage.
- The 2021 Kaseya Attack Highlighted The Seven Deadly Sins Of Future Ransomware Attacks:
- Kaseya ransomware attack sets off race to hack service providers -researchers:
- Cybercrime To Cost The World $10.5 Trillion Annually By 2025:
- Ransomware: a call for enhanced resiliency:
- 25+ cyber security vulnerability statistics and facts of 2022:
- Alarming Cyber Statistics For Mid-Year 2022 That You Need To Know:
- Daunting cyber security statistics to know for 2022:
- OWASP API Security Top 10:
- Invicti recognized as a Challenger in the 2022 Gartner® Magic Quadrant™ for Application Security Testing (AST):