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Thwart digital threats with behavioural analytics

Enterprises are allotting more budgets on emerging technologies that are proactive in detecting current and emerging threats. For 2018-19, the CISOs, CTOs and CIOs are eyeing on tools that use machine learning algorithms to secure companies’ digital assets, enterprise network and privilege accounts.

The expenditure on cyber security has seen a significant rise in the recent past especially after Facebook data breach, Uber data theft or even Bangladesh bank heist incidents. The digital threats are omnipresent, where the perpetrators siphon off digital money and crucial data in a day or may be for months. Worried CIOs are imploring the management to let them invest in cutting-edge technologies that can protect the privileged accounts and thwart threats.

Proactive protection is the safest way out

Digital security solution providers are now coming up with mechanisms that can pre-determine whether the malicious actor was trying to intrude from some other country. During the onset of AI (Artificial Intelligence) and machine learning, path-breaking technologies will help companies to take a more proactive approach rather than be sorry later. ARCON’s User Behaviour Analytics (UBA) is transforming the way Information Security is evolving and raising the demand. This powerful tool helps in reinforcing an enterprise’s security framework and is capable to crunch a huge amount of data, spot suspicious end-user behavioural profiles and trigger alert in a real time.

Enterprises extend budget but expect proof of protection

It is no more confidential that the management is extending their budget for network security but CIOs are on their toes to strike a balance in the investments and security outcome. The new behavioural analytics platform poses as priority challenges in this age of cyber warfare. In order to do that, companies are looking for security experts who can articulate the threat risks in a way that business leaders can easily grasp.

Unfortunately, even the best, experienced and privileged individuals along with the latest technologies might not be enough to secure the network infrastructure. Even the behavioural aspects of the employees can help them decide to appoint important responsibilities related to protecting crucial digital assets.

Role of UBA in cyber security

In corporate enterprises, there are typically three domains that require continuous monitoring – the network, the users, and the assets (digital). Applying Behavioural Analytics individually is important for us to understand and assess basic behavioural trends. For example, a typical asset on the network is designed and structured to carry out particular functions. Through Behavioural Analytics, an understanding can be developed on the frequency of operational processes and applications on a smart device (provided BYOD is implemented), who chalks out the assessment of the assets and how often they are used for communication. As these events are investigated, such learning can be turned around back into the system and the monitoring gets smarter. On several occasions, the malicious activities are identified and remediated promptly to maintain business continuity.

ARCON provides state-of-the-art technology aimed at mitigating information systems related risks. The company’s Privileged Identity Management / Privileged Access Management solution enables blocking unauthorized access to ‘privileged identities’, while its Secured Configuration Management solution helps to comply with Governance, Risks, and Compliance (GRC) requirements .

Need a solution for safeguarding critical IT assets? Please contact us.

Identification of Insider Threats

Defying the enemy within

As the wave of digitization sweeps across the nation, it is terribly crucial for the organizations, irrespective of large or small, to take adequate security measures for protecting their huge amount of data generated every day from various sources. The CISOs, CTOs and CSOs are ceaselessly on their toes to curb the chances of any hack or data breach incident that might push them towards big irrevocable losses. This scenario of insider threats is considered to be one of the most sinister reasons for digital disaster.

Identification of Insider Threats

The implications of insider threats largely go to the administrators and other privileged users, who are commonly

identified as the most suitable position holders who can both suffer and carry out numerous malicious activities stealthily. Their mistakes or negligence have the most severe effects. These malefactors are normally followed by contractors, consultants or even temporary workers, whose loyalty are questioned most of the time.

Precisely, insider threats take familiar forms, but the effects are augmented because they come from within and have smooth access to the organization’s official network along with sensitive credentials. Moreover, lack of data protection strategies by the management also forces them to chalk out plans sitting within the network. The best protection however can be a strong organizational focus on network/ data security basics.

Reasons of Insider Threat/ How to reduce the chances

There are several insider threat vulnerabilities that are mostly ignored in organizations.

1. BYOD process
The abundance of BYOD/ CYOD policy inherits the risk of cyber threats. The organizations do require thoughtful and comprehensive approach towards implementation of this policy. There has to be a detailed possibility assessment of whether BYOD implementation is feasible in the organization, depending on the type of industry. The employees should be trained repeatedly to make them avoid the risks of public Wi-Fi with a VPN or hotspot, and minimize the risk of lost information by keeping confidential business files in a secured cloud and not in personal devices. In this process, privilege access management plays a key role in securing the data.

2. Recruitment
Insider threats can be tackled from the recruitment process itself. The HR leaders should have thorough background checks, and pry into the prospect’s history to assess susceptibility to bribery or unfaithfulness. This can be done by scrutinizing credit history of the candidate or any debts that could be used as leverage.

3. Lack of management visibility
It is surprising to see how few organizations have little or zero visibility when it comes to network monitoring practice. However, when it comes to insider threats, organizations normally lack the ability to be sceptical or even withstand suspicious user behaviour and file movement. While chalking out a proactive insider threat plan, the CISOs, CTOs and CSOs need to be clear about the amount of network visibility in the organization. Now there are technologies like Privilege Access Management that can establish baseline activity control for users, monitor for anomalies, or even automate relevant actions. Thus it’s just wise to take advantage of the ability to be aware of what is going on in the business network.

The sly insider threats can originate on numerous fronts, and monitoring them can be a daunting task. Meeting the challenges of information security requires stringent organization policies to cultivate values and invest in Privilege Access Management (PAM) to support that value. After all, the privileged identities hold the master-keys to an organization’s network of devices and databases.

4. Leadership
The CISOs, CTOs and CSOs mirror the security management in organizations. Their strategic decision making right on time drives the organization towards a secured network periphery. Nevertheless, securing an organization requires alertness and co-operation from the entire team and not just the CSO or CIO. Cyber security policies are often considered as barriers towards progress of any organization. Unfortunately, securing an organization against insider threats requires utter cautiousness from the entire leadership team, and not just the CSO.

In a nutshell, insider threats are one of the burning issues in the cyber world. Recently, a London law firm has confirmed that the number of High Court cases in which crucial corporate data has been stolen by ex-employees or disgruntled employees has increased by 25% annually. The malicious insiders deliberately breached customer and client databases, confidential financial information and more. The ubiquity of smart phones has made it quite simpler without raising any suspicion.

ARCON provides state-of-the-art technology aimed at mitigating information systems related risks. The company’s Privileged Identity Management / Privileged Access Management solution enables blocking unauthorized access to ‘privileged identities’, while its Secured Configuration Management solution helps to comply with Governance, Risks, and Compliance (GRC) requirements .

Need a solution for safeguarding critical IT assets? Please contact us.