cybersecurity

IT Asset Management and its role in cybersecurity

Modern IT asset management (ITAM) goes far beyond the traditional management of IT assets. It plays a particularly important role in protecting companies against cyber risks. Suitable software helps your team to keep an eye on all devices at all times and detect potential threats at an early stage. What is IT asset management (ITAM)? ITAM, also known as IT asset lifecycle management or asset lifecycle management, refers to the proactive and strategic management of IT assets. This includes the acquisition, use, automation, maintenance and disposal of assets. Gartner’s definition shows just how important ITAM is from a strategic point of view: it captures the lifecycle costs and risks of IT assets in order to maximize the business benefits of strategic, technological, financial, contractual and licensing decisions. The most important sub-areas include: What is an IT asset? The prerequisite for seamless ITAM is the consideration of all IT assets. This includes mobile and permanently installed hardware inside and outside the network (such as laptops, routers, servers, peripherals, smart TVs), software (such as cloud services, security tools, licenses), users and business-relevant information. The 5 phases of classic ITAM Classic ITAM consists of five successive phases that can be largely automated. Once the basic framework is in place, you can optimize the individual phases one by one. The first phase begins with the request for new IT equipment within the company. An effective ITAM has a best practice for standardized, automated transmission and predefined criteria for checking, approving or rejecting requests. The next phase involves the procurement of IT assets. Tasks include the selection of one or more providers, contract negotiations, financing and adding the new assets to the company’s inventory. The implementation phase begins with the preparation of the purchased devices for use at the respective location. They are integrated into the IT landscape using pre-installed software, settings, firewall rules, VPN access and policies. Special tools for IT inventory management, device assignments and defined owners and locations ensure greater transparency and control during implementation. 4. Maintenance Asset maintenance includes routine measures for physical maintenance and software updates, as well as necessary repairs. Sophisticated ITAM systems work with automated processes that are supported by management tools. 5. Decommissioning Whether outdated or no longer functional: At the end of their lifecycle, IT assets need to be decommissioned. You should carefully weigh up the costs of refurbishing and recycling older assets or disposing of them and replacing them with newer solutions. Responsible and sustainable action is required here. The importance of ITAM for cybersecurity Cloud computing, mobile working and the introduction of SaaS platforms mean new challenges for the recording and management of hardware and software assets. A good ITAM provides a better overview and transparency, which also pays off for cybersecurity: Your team can carry out upgrades to the latest technologies more quickly and automatically. You also have a better overview of the entire IT environment and can make data-based decisions about security and data protection solutions. A complete IT inventory is therefore the basis for a solid security concept and the fulfillment of compliance requirements. And this is where cybersecurity asset management comes into play. What is the difference between ITAM and cybersecurity asset management? While ITAM aims to optimize business expenditure and efficiency, cybersecurity asset management is primarily concerned with strengthening important security functions. In terms of vulnerability management, this includes detecting and responding to threats and checking all assets for potential vulnerabilities. Another important function is cloud security: all cloud instances should be configured according to the principle of least privilege and only be accessible with absolutely necessary access rights. Should problems occur, you can achieve a rapid incident response thanks to enriched, correlated data across all assets. In addition, cybersecurity asset management enables the early detection and supplementation of missing security controls through continuous monitoring. Cybersecurity asset management requires deeper insight In the past, ITAM and cybersecurity asset management was based on configuration management databases. However, with the proliferation of cloud computing and virtual machines, the complexity of digital landscapes is increasing – and CMDBs often lack the necessary data to fully view and understand all cybersecurity assets. They need IT inventories with comprehensive, correlated data on every single asset – from software (licenses), computers and peripherals to cloud, virtual and IoT devices. Specialized cybersecurity asset management solutions cover exactly that and pick up where ITAM leaves off. The benefits of close cooperation between ITAM and cybersecurity asset management As the world of work becomes more flexible, the number of operational technology and Internet of Things devices is also increasing – many of which are unmanaged. For comprehensive, secure and reliable asset management, ITAM and cybersecurity asset management need to work closely together. The benefits are the following: Assets do not stand still – so they are a target that is constantly moving. To enable your team to identify and manage all devices, applications and users in real time, you need seamless processes with full transparency and control. Only with broad coverage of all asset types you can maximize the ROI of your technology investment and reliably protect your business.

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Why Penetration Test is Important in Cybersecurity and How Does it Work

It feels like every day starts with a new headline about the latest cyber attack. Hackers are stealing millions of records and billions of euros with alarming regularity. The key to combating these machinations is to continuously conduct thorough penetration tests. Penetration testing is used to test your security before an attacker does. Penetration testing tools simulate real-world attack scenarios to uncover and exploit security vulnerabilities that could lead to records being stolen or credentials, intellectual property, personal data, card data or private protected health information being compromised, data ransomware being extorted or other results harmful to business. By exploiting security vulnerabilities, penetration testing helps you decide how best to prevent cyberattacks in the future and protect your critical business data against them. What are the phases of penetration testing? There are five main phases to go through in any typical penetration test: 1. Target exploration and information gathering. Before the penetration testing team can take action, it must gather information about the likely target. This phase is important for creating an attack plan and serves as a deployment area for the entire mission. 2. Scanning After the reconnaissance phase, a series of scans of the target are conducted to decipher how the target’s security systems react to different attack attempts. Discovering vulnerabilities, open ports and other weaknesses within a network’s infrastructure can determine how pen testers proceed with the planned attack. 3. Gain access Once the data is collected, penetration testers use widely used web application attacks such as SQL injection and cross-site scripting to exploit existing vulnerabilities. Now that they have gained access, the testers attempt to mimic the scope of potential damage that could result from a malicious attack. 4. Gaining access The main objective of this phase is to maintain a constant presence within the target environment. As time progresses, more and more data is collected about the exploited system, allowing the testers to mimic complex and persistent threats. 5. Covering traces/analysis Finally, once the mission is complete, all traces of the attack must be erased to ensure anonymity. Log events, scripts and other executables that could be discovered by the target should be completely untraceable. A comprehensive report is given to the client with a detailed analysis of the entire mission to highlight key vulnerabilities, gaps, potential impact of an intrusion, and a variety of other important components of the security program. How does a penetration test work? Penetration testing can either be done internally by your own professionals using pen testing tools, or you can hire an external penetration testing vendor to do it for you. A penetration test begins with the security professional taking an inventory of the target network to find vulnerable systems and/or accounts. This involves scanning every system on the network for open ports running services. It is extremely rare that all services on a network are correctly configured, properly password protected and fully patched. Once the penetration tester has properly understood the network and the vulnerabilities present, a penetration testing tool is used to exploit a vulnerability to gain uninvited access. However, security experts do not only examine systems. Often, pen testers also direct their attacks at the users in a network by sending phishing e-mails or trying to manipulate target persons in their favour by telephone or on the internet/intranet (pre-text calling or social engineering). How do you test the risk posed by your own users? Your users are an additional risk factor. Attacks on a network via human error or compromised credentials are not new. If the constant cyberattacks and data theft cases have taught us anything, it is that the easiest way for a hacker to penetrate a network and steal data or money is through network users. Compromised credentials are the most common attack vector among all reported data breaches, as the Verizon Data Breach Report shows year after year. Part of the job of a penetration test is to address security threats caused by user error. A pen tester will attempt to guess passwords from found accounts via a brute force attack to gain access to systems and applications. Although compromising a device may result in a security breach, in a real-world scenario, an attacker will typically use lateral movement to ultimately gain access to a critical asset. Simulating phishing attacks is another common way to test the security of your network users. Phishing attacks use personalised communication methods to persuade the target to do something that is not in their best interest. For example, a phishing attack might convince a user that it is time for a „mandatory password reset“ and therefore to click on an embedded email link. Whether clicking on the malicious link drops malware or simply opens the door for attackers to steal credentials for future use: A phishing attack is one of the easiest ways to exploit network users. If you want to test your users‘ vigilance against phishing attacks, make sure the penetration testing tool you use has these capabilities. What is the importance of penetration testing for a company? A penetration test is a crucial component for network security. Through these tests, a company can identify: Through penetration testing, security professionals can effectively identify and test security measures in multi-layered network architectures, custom applications, web services and other IT components. Penetration testing tools and services help you quickly gain insight into the highest risk areas so you can effectively plan budgets and projects for your security. Thorough testing of an organisation’s entire IT infrastructure is essential to take the necessary precautions to protect critical data against hacking while improving IT response time in the event of an attack.

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Best Practices for Successful Risk Management

Markets and their requirements are currently changing faster than ever before. Digitalisation is advancing, and more and more companies are shifting processes to the cloud. Artificial intelligence is producing results that were previously not thought possible – the outcome is uncertain. Considering these developments, smart risk management is becoming indispensable for companies of all kinds. A robust and customised risk management process not only helps your organisation reduce uncertainty. It can also tip the proverbial scales when it comes to delivering critical value to your customers. This article explains risk management, how to implement enterprise-wide risk management and the link between risk management and information security. What is risk management about? Risk management in a company systematically identifies, evaluates and deals with potential risks. These risks could affect the company’s objectives, assets and stakeholders. Every company has its own risks, depending on the industry and context. An effective strategy requires tailored processes to analyse and appropriately manage the risks. As the use of online technologies in the business context increases, so do the threats. Examples include home office and cloud services to which companies are exposed. Dealing with these risks in a planned manner is essential for a company’s information security. Certification to ISO 27001 is particularly important for those companies that work with large amounts of personal data. This is even more true for companies in critical infrastructures, e.g. the healthcare and financial sectors. ISO 27001 is the international standard for information security and lays the foundation for a company-wide information security management system (ISMS), which in turn defines measures for risk management in the company. This makes the ISMS a particularly important element for the long-term success of a company. Development of a risk management process Risk management according to ISO 27001 follows a process that comprises three central steps: Below we look at each of these steps in detail and provide you with useful best practices. Are you ready? 1. Identification and assessment of risks There are various approaches to identifying and assessing risks for a company. Approaches focusing on assets to be protected, on vulnerabilities, on threats and on scenarios are particularly common. Each variant has certain advantages and disadvantages and areas of application in which it is particularly useful.Before you start with the actual assessment of risks, you must first decide on a basic perspective for the analysis. Basically, there are two categories: qualitative and quantitative risk analyses. 2. Develop a risk treatment plan Once the potential risks to an enterprise have been identified and assessed, a risk treatment plan must be developed. This is used to manage or eliminate the risks. Regardless of the industry, four ways have been established to deal with risks to businesses. „Avoiding the risk“ in this case means doing everything possible to eliminate the cause of the risk. This may include stopping certain activities, no longer serving certain markets or no longer pursuing certain projects. Avoiding the risk makes sense above all when the risk is very likely and the possible consequences would be particularly fatal. If a company decides to „reduce risk“, it takes measures to reduce the risk or mitigate consequences. These include the introduction of measures, processes or guidelines. This option makes sense if the probability of occurrence is low and the possible consequences are significant for the company. In „transferring the risk“, the risk is transferred to another party, for example by taking out insurance or outsourcing certain activities to a third party. This option is always chosen if the possible consequences of a risk would be high and the company itself cannot or does not want to take countermeasures. In this option, the risk and its possible negative consequences are accepted. Instead of taking countermeasures, one prepares as far as possible, e.g. through monitoring or contingency plans, and includes the negative consequences as costs in calculations. This option always makes sense if the possible negative consequences of a risk are relatively small and the company is prepared to bear them. 3. Review and check for residual risks After the risk treatment plan has been completed, it must be reviewed for its effectiveness and possible residual risks. If residual risks are identified, they can be assessed using the above approaches and integrated into the existing plan. The final review is to ensure that the internal risk management is designed for the long term and is continuously monitored and controlled. Any changes in business processes or the business context must be taken into account and may lead to changes in the risk treatment plan. Cybersecurity and compliance are complex and becoming more complicated as more sophisticated threats emerge across the globe. Comprehensive cybersecurity, driven by senior management, can provide flexible and responsive solutions to these issues and protect businesses with an exceptionally secure and robust infrastructure. PATECCO offers you competent expert advice and solutions tailored to you in order to optimally support you in your risk management. In addition, we support you with ISO 27001 certification, your DSGVO compliance and develop individual strategies for your company-wide risk management.

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Why Identity and Access Management is Critical for Cyber Security in 2023?

In PATECCO’s latest whitepaper, we will provide you a clear understanding why IAM is critical for cyber security in 2023 and how it helps you to keep your enterprise safe and secure. The series of articles describe the role of Identity and Access Management which is integral to an organization’s overall security posture, adaptability, and resilience against evolving cyber threats. Let’s get started! Click on the image and download the document:

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How Artificial Intelligence Helps Minimizing Cyber Risks

The digital age has opened up numerous opportunities for us, but at the same time we are exposed to entirely new cyber threats. Never before we have been as connected as we are today – across all sectors and areas of life, in industry, business and society. Especially through the Internet of Things and artificial intelligence, processes are becoming more and more automated and optimized. The challenge for cybersecurity is that every exchange of data must be secured and protected from unauthorized access. Furthermore, cybercriminals are constantly looking for ways to compromise networks and steal sensitive data. These techniques are becoming increasingly advanced and can be difficult to detect by humans or traditional defense solutions. For this reason, organizations are looking to AI techniques to strengthen their cybersecurity defense plan. Artificial intelligence in cybersecurity can help companies understand and defend against these threats. How can companies protect themselves against cyber risks? As already mentioned, the application of AI has significantly impacted people’s lives. We now have machines that can drive cars, understand verbal commands, distinguish images, and play games.  This is the reason why AI and machine learning have become indispensable to information security, as these technologies are able to quickly analyze millions of data sets and detect a wide range of cyber threats – from malware threats to phishing attacks, ransomware and zero-day vulnerabilities. These technologies are constantly learning, using data from past cyberattacks to identify potential threats. Regarding IT security, companies must ensure that they develop and operate a holistic security concept. In addition to using the appropriate protection products such as firewalls, virus protection or backups, this also includes active management of the IT components. All network components must not only be permanently patched and updated, but also continuously monitored. This ensures that security gaps are detected as quickly as possible. IT monitoring tools can be used not only to continuously monitor networks, servers, applications and other IT components to ensure that they are functioning properly, but to measure the performance of IT systems and detect security incidents, as well. Active monitoring is usually difficult for companies to implement, which is why support from a managed service provider is advisable. AI for cybersecurity can help you detect threats masquerading as normal traffic, and can process and analyze a large amount of data more thoroughly and in less time.            A managed service is responsible for the provision and management of a company’s IT infrastructure. In doing so, we ensure that the customer’s IT infrastructure is always available and functional. Integrated services such as update management and monitoring, significantly increase the IT security. Of course the MSP use special software and AI-supported tools to ensure that potential attackers do not take advantage of artificial intelligence. Proper vulnerability management is the best way to secure an organization’s network. As mentioned earlier, a lot of traffic flows through an organization’s network, and it is imperative to detect, identify, and protect that traffic from malicious access. Unlike human security personnel, AI can quickly learn network behavior to identify vulnerabilities in the system, allowing organizations to focus on ways to mitigate those risks. In this way, vulnerability management can be improved and the enterprise can secure its network systems in a timely manner. Given the speed at which cyber threats evolve, it’s a fact that traditional rules-based security systems can’t keep up. This is where AI systems come into play. AI technologies are equipped with advanced algorithms that detect malware activity, perform pattern recognition and identify anomalous behavior before the system is compromised. Machine learning algorithms can learn from historical data and behavior patterns to identify new and emerging threats, including malware, ransomware, and phishing attacks. AI systems can help identify your IT inventory, a documented record of all tangible and intangible assets. Cybercriminals are always trying to target these assets. Using AI in cybersecurity, you can predict how and when a cyberattack will occur and plan accordingly to allocate resources to the most vulnerable areas. One of the key benefits of incident response automation is its ability to significantly reduce the time it takes to detect, respond to security threats and remediate security incidents. AI and ML-powered tools can monitor network traffic, user behavior, and system logs to detect unusual activities that may indicate a cyberattack. This allows organizations to identify potential threats much more quickly than would be possible using manual methods, enabling them to take action before any significant damage is done. Cyberattacks are becoming more advanced, and cybercriminals are finding more creative ways to carry out their evil plans. That’s why companies are turning to AI to strengthen their defenses and mitigate cyber risks. AI offers so many cybersecurity benefits, including vulnerability management, risk prediction, threat detection, and network traffic monitoring. We hope this article has given you some insight into the use of AI in cybersecurity.

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How to Implement Zero Trust With Privileged Access Management

Zero Trust and PAM both emphasize the importance of access control. As we know, Zero Trust adopts a least privilege approach, ensuring that users and devices have only the necessary access rights to perform their tasks. PAM focuses on managing and controlling privileged accounts, which have elevated privileges and access to critical systems and data. By integrating PAM within a Zero Trust framework, organizations can implement strict controls over privileged access, reducing the risk of unauthorized or excessive access. Guide to implementing Zero Trust with Privileged Access Management: Implementing Zero Trust with Privileged Access Management (PAM) involves combining the principles and practices of both approaches to enhance security and minimize the risk of unauthorized access. In this article will be presented a step-by-step guide to implementing Zero Trust with Privileged Access Management: Remember that implementing Zero Trust with Privileged Access Management is an ongoing process, and it requires commitment, regular monitoring, and a proactive approach to security. It’s recommended to engage with security professionals and consider consulting with experts to ensure a robust implementation. What is the interaction between zero trust and privileged access management? As already mentioned, Zero Trust and Privileged Access Management (PAM) are two complementary security concepts that work together to enhance overall cybersecurity. While Zero Trust focuses on the principle of not trusting any user or device by default, PAM specifically addresses the management and control of privileged accounts. Zero Trust and Privileged Access Management (PAM) interact in several ways to strengthen overall security and mitigate the risks associated with privileged accounts. Here’s a closer look at their interaction: By combining the principles and practices of Zero Trust with the capabilities of Privileged Access Management, organizations can enhance their security posture, minimize the risk of unauthorized access, privilege misuse, and potential security breaches involving privileged accounts. The interaction between Zero Trust and PAM helps organizations enforce strict access controls, implement strong authentication, monitor privileged access activities, and make risk-based decisions to protect critical assets and sensitive data.

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