![]() ![]() Many attacks have heightened attention around third-party risk and the security obligations of MSPs in meeting multiple customers’ IT needs. MSPs in the Crosshairs of Ransomware Gangs Part of the challenge appears to be the complexity of their cloud security environments – partly caused by tool bloat. ![]() Nearly a third (30%) reported a major increase in intrusion attempts and unplanned downtime. Over two-fifths (42%) reported an increase in mean time to remediate, while 90% said they are unable to detect, contain and resolve cyber-threats within an hour. It found that as enterprises move more of their data and workloads to the cloud, they’re finding it increasingly difficult to discover and remediate incidents quickly. ![]() Two-thirds (39%) of global organisations reported a surge in breaches over the past year, with IT complexity increasing and detection and response capabilities worsening, according to Palo Alto Networks. Just 10% of Firms Can Resolve Cloud Threats in an Hour Some of the key findings from the report include 88% of passwords used in successful attacks consisting of 12 characters or less and the most common base terms used in passwords involving ‘password’, ‘admin’, ‘welcome’ and The report found that 83% of the compromised passwords satisfied both the length and complexity requirements of cyber security compliance standards such as NIST, GDPR, HIPAA and Cyber Essentials. In a report of over 800 million breached passwords, vendor Specops identified some worrying results. Research Reveals ‘Password’ is Still the Most Common Term used by Hackers to Breach Enterprise Networks This is worrying when considering the cost of BEC is predicted to more than tens of billions. Such a rapid attack leaves minimal time for organisations to identify and take preventative action. Microsoft found the whole process, from signing in using compromised credentials to registering typo squatting domains and hijacking an email thread, took threat actors only a couple of hours. Microsoft’s security intelligence team found that Business Email Compromise (BEC) attacks are moving rapidly, with some taking mere minutes. Top Cyber Stories of the Last Week Business Email Compromise Attacks Can Take Just Hours ![]()
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