One of the Largest Attacks on the Finance Industry
The cyberattack against Capital One, discovered in July of 2019, was one of the most significant financial data breaches in history. The personal data of over 100 million Capital One customers was compromised, including thousands of social security and bank account numbers. The attack cost the bank over $80M in settlements. It was carried out by a single hacker who gained access to Capital One’s data through a misconfiguration of a firewall on AWS cloud resources.
This attack should serve as a wake-up call to financial institutions everywhere. If an attack of this magnitude can be perpetrated on the AWS cloud through a misconfiguration, then equally severe attacks can take place anywhere through misconfigurations in connected devices due to their inherent security risks. Known security issues with connected devices include the following:
- Lack of visibility of the vulnerabilities on connected devices
- Contains software or components that are no longer supported by their manufacturers
- Known vulnerabilities go unmanaged
- Some security solutions need physical access to the device
Additionally, due to COVID 19, enterprises are allowing employees to connect remotely to the corporate network using unsecured devices, creating a large attack surface within their network.
Avoiding the Next Big Attack
With CISOs of financial institutions facing the challenges of limited security resources and a prioritization nightmare of vulnerabilities found by their network scanners, it is understandable that an attack of this magnitude can take place through a simple misconfiguration.
To prevent these types of attacks CISOs and security teams need security insights into their connected devices, as well as prioritization and remediations for all vulnerabilities found.
For each connected device on your corporate networks, you want a solution that can provide the following insights:
- Misconfigurations
- Public vulnerabilities
- Zero-day vulnerabilities
- Differentiation between exploitable and unexploitable vulnerabilities
- Recommended actions for mitigation of vulnerabilities
Powerful insights like these enable enterprises to prevent similar or more ominous attacks.
The Damage is Done
The majority of available vulnerability management solutions are only capable of identifying attacks in real-time, leaving security teams scrambling to quickly understand and mitigate the attack, while attempting to assuage the largely accrued damages. Current solutions lack a component of predictability, that would identify vulnerabilities, such as the misconfiguration in the Capital One attack, and remediate it, before an attack could have ever taken place.
Additionally, current solutions produce a high rate of false-positives for found vulnerabilities, leaving security teams spending an inordinate amount of time putting out fires that don’t exist while potentially missing critical vulnerabilities.
Limited Compatibility
A vast majority of connected devices are unable to undergo an agent installation, leaving their vulnerabilities undiscovered by network scanners and unmanaged by security teams. You need a solution that offers full visibility of the devices connected to your networks, and their vulnerabilities regardless if they can undergo an agent or client installation. Without this, a large percentage of your connected devices will continue to go unmanaged and serve as an open door to a hacker to access your corporate networks.
There’s Time to Protect Your Enterprise
Luckily, it is the right time to implement a security solution that will protect your enterprise from attack. ArcusTeam offers a preventive and agentless solution that offers the powerful insights your security team needs to prevent the next large-scale attack on your enterprise.
ArcusTeam’s solution identifies, blocks, and mitigates attacks before they reach your corporate networks. For all found vulnerabilities, ArcusTeam provides their exact exploitation path, making it a no-false positive solution, and saving your security team the grueling work of securing both real and false vulnerabilities.
Furthermore, ArcusTeam’s solution does not require access to your corporate network, enabling you to safely protect your enterprise from an attack without putting your network security at risk.
Learn more about ArcusTeam’s solution, and how we help financial institutions around the world protect their data, their network, and the money that they manage.