Jay Bavisi, President and Co-founder of the EC Council says, “We need Ethical Hackers more today than ever before”.
The rise of IT Security and ethical hackers is due to technology advances and the growing number of threats in the computer world. In the wake of September 11, terrorist attack, when ethical hacking as a concept was put forward by EC Council, it received mixed responses. “Ethical Hacking” is an oxymoron and both, people and media were not ready to accept this term. EC Council explained it as a bodyguard to the computer systems. An ethical hacker is someone who follows ethical principles to protect information and systems from the unethical hackers. Recently, many organizations have faced cyber-attacks leading to the growing need of having professional ethical hackers who can safeguard their networks.
Organizations under constant Cyber-Attack
Banks are major targets therefore they always remain under cyber-threats. “Defending against cyber-attacks account for a significant portion of the $25 billion banks worldwide spend annually on security technology” (Source). Besides banks, other organizations small, medium or large are constantly under cyber-attacks. ‘Adobe Systems last year, faced a data hack of 2.9 million customers’ (Source). Security thus has become a mainstream requirement in today’s world.
To stop a hacker, one needs to think like one and this is what ethical hacking is all about. Ethical hackers also perform security tasks like hackers; however it is to protect the computers and networks of an organization. They have the permission to hack organization’s network in order to perform tests that keep it safe from illegal hacking. Ethical hackers help in improving the security of systems in organizations.
Transition to Cloud Increases Demand of Ethical Hackers
The information world is moving towards Cloud where Virtualization and IT outsourcing are major trends. This transition has increased the level of threats and therefore the demand of ethical hackers. Since the advent of cloud computing, security has been a major concern. In order to avail the benefits of cloud and virtualization without harming the security, companies need to go for ethical hackers. The major challenge that today’s businesses face is the fast growing cyber world and the complexities of security requirements. The hacking tactics are evolving every day and only an expert professional can overcome this challenge. Ethical hackers are thus in high demand in today’s business world.
Why Hire Ethical Hackers?
- To build a computer system that prevents hackers’ access and safeguard system and information from malicious attack
- To manage adequate preventive measures in order to avoid security breaches
- To safeguard user or customer information available in business transactions and visits
- To test networks at regular intervals
- To create security awareness at all levels in a business
Hiring an Ethical Hacker
Companies like IBM employ teams of Ethical Hackers to keep their systems secure.
Costs of security testing vary based on businesses. Businesses with large user data base might need to pay hefty costs while others might pay lesser for information security. Tasks like checking of firewalls, servers, IP addresses do cost high but this investment is justified compared to the loss caused by cyber-attacks. To safeguard the systems, companies can either hire an ethical hacking firm or agency or hire ethical hackers. This decision is made based on various factors. Few businesses cannot afford to allow other agent to hack in systems from outside for security and therefore hire in-house ethical hackers. While others go for ethical hacking firms to protect their systems and network. In both the circumstances, ethical hackers need to sign a legal agreement with various terms and conditions with the host client.
Today, hiring ethical hackers is not a matter of choice but a necessity for businesses. EC Council governs the Certified Ethical Hacker program to qualify professional hackers. For all obvious reasons, CEH are in high demand in businesses across industries worldwide.
Companies See Work From Home As A Security Threat
Once rare, telecommuting has become routine during the pandemic.
But the Financial Times (FT) reported moving from a furnished office space to a living room table can present cybersecurity risks. It comes as cybercriminals are already taking advantage of the pandemic.
Hackers find ways into computers, tablets and cellphones to steal data and other valuable information. As more devices connect to the web, it creates more opportunities for these thieves, FT reported
“When everybody has to move to homeworking, everyone has to become their own cybersecurity expert and make their personal network as robust as they can,” Roderick Jones, founder of cybersecurity protection group Concentric Advisors told FT. “Otherwise they risk exposing their corporate information.”
Already, cyberattackers have attempted to exploit the chaos caused by the pandemic.
The International Criminal Police Organization (INTERPOL), the worldwide police cooperation and crime control network based in France, reported 907,000 spam messages, more than 700 malware attacks and 48,000 malicious domains that mention the coronavirus were discovered from January through April, according to FT.
IBM reported the average cost of a single breach for a business is nearly $4 million, according to FT. About 70 percent of the 500 companies surveyed said that they expected remote working during the pandemic to increase the cost of a breach; four-fifths told researchers said they expected it will take longer to notice and secure a breach.
Last month, an AT&T survey of 800 cybersecurity professionals revealed 70 percent of those employed by big businesses said remote working leaves them more vulnerable to cyberattacks, FT reported.
In separate news, PYMNTS reported that bad actors taking advantage of the pandemic has caused a surge in cybercrime and fraud attempts.
Lukayn Hunsicker, vice president of Product Management, Financial Solutions at Feedzai, told PYMNTS financial institutions and other service providers need to step up their fraud-fighting strategies. They not only need to fight crime, but collaborate with the customer to ensure security without compromising the user experience.
Google removes 17 Android apps caught engaging in WAP billing fraud
Google has removed this week 17 Android applications from the official Play Store. The 17 apps, spotted by security researchers from Zscaler, were infected with the Joker (aka Bread) malware.
“This spyware is designed to steal SMS messages, contact lists, and device information, along with silently signing up the victim for premium wireless application protocol (WAP) services,” Zscaler security researcher Viral Gandhi said this week.
The 17 malicious apps were uploaded on the Play Store this month and didn’t get a chance to gain a following, having been downloaded more than 120,000 times before being detected.
The names of the 17 apps were:
- All Good PDF Scanner
- Mint Leaf Message-Your Private Message
- Unique Keyboard – Fancy Fonts & Free Emoticons
- Tangram App Lock
- Direct Messenger
- Private SMS
- One Sentence Translator – Multifunctional Translator
- Style Photo Collage
- Meticulous Scanner
- Desire Translate
- Talent Photo Editor – Blur focus
- Care Message
- Part Message
- Paper Doc Scanner
- Blue Scanner
- Hummingbird PDF Converter – Photo to PDF
- All Good PDF Scanner
Following its internal procedures, Google removed the apps from the Play Store, used the Play Protect service to disable the apps on infected devices, but users still need to manually intervene and remove the apps from their devices.
JOKER IS THE PLAY STORE’S BANE
But this recent takedown also marks the third such action from Google’s security team against a batch of Joker-infected apps over the past few months.
Before that, in July, Google removed another batch of Joker-infected apps discovered by security researchers from Anquanke. This batch had been active since March and had managed to infect millions of devices.
The way these infected apps usually manage to sneak their way past Google’s defenses and reach the Play Store is through a technique called “droppers,” where the victim’s device is infected in a multi-stage process.
The technique is quite simple, but hard to defend against, from Google’s perspective.
Malware authors begin by cloning the functionality of a legitimate app and uploading it on the Play Store. This app is fully functional, requests access to dangerous permissions, but also doesn’t perform any malicious actions when it’s first run.
Because the malicious actions are usually delayed by hours or days, Google’s security scans don’t pick up the malicious code, and Google usually allows the app to be listed on the Play Store.
But once on a user’s device, the app eventually downloads and “drops” (hence the name droppers, or loaders) other components or apps on the device that contain the Joker malware or other malware strains.
The Joker family, which Google tracks internally as Bread, has been one of the most ardent users of the dropper technique. This, in turn, has allowed Joker to make it on the Play Store —the Holy Grail of most malware operations— more than many other malware groups.
In January, Google published a blog post where it described Joker as one of the most persistent and advanced threats it has dealt with in the past years. Google said that its security teams had removed more than 1,700 apps from the Play Store since 2017.
But Joker is far more widespread than that, being also found in apps uploaded on third-party Android app stores as well.
All in all, Anquanke said it detected more than 13,000 Joker samples since the malware was first discovered in December 2016.
Protecting against Joker is hard, but if users show some caution when installing apps with broad permissions, they can avoid getting infected.
IN OTHER ANDROID SECURITY NEWS
Bitdefender reported a batch of malicious apps to Google’s security team. Some of these apps are still available on the Play Store. Bitdefender didn’t reveal the name of the apps, but only the names of the developer accounts from which they were uploaded. Users who have installed apps from these developers should remove them right away.
2 Companies Ready For a Huge Cybersecurity Opportunity
It was always there. But it would be naive to say the COVID-19 pandemic hasn’t accelerated the cybersecurity market’s growth pace. With millions of employees still — and perhaps permanently — working from home, many enterprises remain far too vulnerable to hacking and digital security breaches.
The depth of the need for cybersecurity solutions, however, may still not be fully appreciated by investors. That in turn means that cybersecurity providers Palo Alto Networks (NYSE:PANW) and Fortinet (NASDAQ:FTNT) may remain underestimated. Not only are they two of the top names in the business, but each has a security solution available right now for employees connecting to a company’s network from home.
A couple of recent predictions flesh out this opportunity.
Just the beginning
The cybersecurity market is currently worth around $200 billion, according to numbers from Mordor Intelligence, but it’s on pace to grow a bit more than 14% per year through 2025. That’s impressive, particularly compared to other industries’ growth outlooks.
But it’s an estimate that still fails to adequately paint a complete picture of what the right company could do given the opportunity at hand. Even with power players like the aforementioned Fortinet and Palo Alto in place, Mordor says the market remains highly fragmented. Both companies could continue to make acquisitions, achieving economies of scale as they expand.
Even without dealmaking, though, the industry’s rising tide will lift these boats.
Technology market research firm Gartner supplies one of the clearest reasons to expect that tide to keep rising. Last month it opined that “bring your own PC,” or BYOPC, security will be normalized in five years or less. And within 10 years, secure access service edge, or SASE, will be the norm for enterprise-level organizations.
The terms and their acronyms may not mean much to the layperson, but cybersecurity folk may be nodding their heads in agreement. Bringing-your-own-PC security is exactly what it sounds like. Rather than a tech department issuing devices to workers with security features pre-installed, employees procure their own devices and then — hopefully — take all the necessary steps to ensure cloud-based connections are secure. A secure access service edge is a newer digital security theme that creates a networking environment that allows for, among other things, BYOPC.
In some regards, they’re the next step in the natural evolution of connectivity. Gartner may not be overstating things, however, when it suggests the two technologies “will have transformational impact on global businesses within the next 10 years.” In a post-COVID world, Gartner research director Rob Smith explains, “[Cyber] security leaders should expect the need to support BYOPC to be dependent upon a long-term work-from-home strategy, and also expect to support security tools needed for a BYOPC environment.”
In the same vein, technology market analytics outfit International Data Corp. (IDC) recently predicted that by 2024, 60% of the United States’ employees will work remotely — either at home or out in the field with customers and at project sites. That would push the total number of remote workers to more than 93 million, and subsequently expand the likelihood of cyberattacks.
The cybersecurity industry isn’t starting from scratch, however. Both Palo Alto and Fortinet had remote connectivity protection available even before the pandemic took hold.
For Palo Alto Networks, one of those products is Prisma Access, which is a secure access service edge — or SASE — offering that Gartner suggests will become commonplace by 2030. It’s built specifically for mobile users and branch offices that need reliable, safe access to a corporate network. Palo Alto also offers cloud-based SD-WAN, or software-defined wide-area networking, with the help of recently acquired CloudGenix. It’s a testament to the potential of the right sort of dealmaking that allows for bolt-on improvements of the company’s existing capabilities.
As for Fortinet, it’s got a few tools in its mobile cybersecurity toolbox as well, like the FortiGate platform. Among other things, it’s a way of putting a firewall in place, managing virtual private networks that encrypt communications from devices all the way to a company’s servers, and implementing an intrusion prevention system. FortiGate customers also automatically have access to an SD-WAN solution for remote offices or remote employees, and the platform was a key part of last quarter’s growth.
These offerings aren’t exactly brand new, and more are apt to be on the way. What’s new is the sudden, true realization of the need for them. As Gartner’s Rob Smith noted: “Prior to the COVID-19 pandemic, there was little interest in BYOPC. At the start of the pandemic, organizations simply had no other alternative. The urgent need to enable employees to work from home and a lack of available hardware bolstered its adoption globally.” International Data Corp.’s senior research analyst Bryan Bassett expects that adoption has only begun, saying: “To meet the needs of more mobile, remote, and work-from-home workers, U.S. enterprises have indicated that mobile security and mobile management solutions will be top spending priorities going forward.”
While the bullish outlook for these companies is strong, would-be investors in either should note that the predictions from IDC and Gartner are long-term in nature. Gartner’s SASE adoption expectation could take up to 10 years to play out fully. International Data Corp.’s mobile worker outlook looks to the end of 2024. Investors not thinking in multi-year terms may find this opportunity isn’t for them.
Still, the opportunity is real for those willing to wait for it to fully gel. It’s long-term enough, in fact, that investors interested in plugging into it don’t necessarily have to do so today, this month, or even this year.
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