With the integration of much of the business world into digital transformation and its requirements, many issues on data use have gained importance. With the increasing importance of data and data-driven workflows, cybersecurity issues have come into prominence. Finding realistic solutions to these issues requires a thorough analysis of what data breach incidents tell us about the IT infrastructures of businesses.
First of all, it is very important to realize that the damage caused by a data breach is not limited to data loss. In addition to data loss, a data breach can cause temporary or permanent damage to the business model, lead to system downtime, result in costly ransomware, and negatively impact the corporate image.
The first step to minimizing the potential damage caused by data breaches, and even taking a range of cybersecurity actions by taking the right lessons from the past is to properly analyze the data breach lifecycle process. Referring to the period of time between the first moment the breach occurs and the time the breach is under control, the lifecycle can occur in different ways depending on various different factors such as the type of cyber attack.
We have brought together a few tips that companies need to know about the data breach lifecycle so that they can incorporate advanced data security into their IT infrastructure. In our research backed up by statistics, we have tried to demonstrate why it is so important to properly analyze data breach cases.
When collecting sensitive data, the first question that needs to be answered is how a hacker goes about his business. Understanding how hackers think and how they plan cyber attacks can help you better prepare for an attack. In order to properly analyze and manage each preparation step, it is extremely important to master the steps of the lifecycle.
Consisting of phases such as target selection and reconnaissance, attack planning, attack execution, exploitation, and lateral movement, and the end game, the lifecycle of a data breach represents a meticulously planned process for a hacker. We will describe the attack phases in detail from the cyber attacker's perspective, but firstly, we would like to explain the source of security vulnerabilities and weaknesses that attract hackers' attention in the target selection and reconnaissance phase.
It is very likely that organizations with no advanced cybersecurity protocols have both software and hardware vulnerabilities in their IT infrastructures. Security vulnerabilities resulting from device hardware structure, third-party software flaws, misconfiguration, compromised credentials, business email security (BEC), phishing attacks, ransomware attacks, and data leaks by malicious individuals from the enterprise can lead to data breaches.
To obviate such problems and prevent data leaks, developing the right cybersecurity policies has become a necessity, not an option. So now that we have listed the possible sources of the lifecycle, let's look at and analyze breaches from the perspective of a cyber-attacker.
Understanding the methods used and paths trodden by the cyber-attacker in the data breach lifecycle, which consists of five phases, can help you take some preventive measures more easily. For this reason, it can be useful to look in detail at what all five phases mean to a hacker.
The lifecycle of a data breach begins with the attacker discovering a security vulnerability in the IT infrastructure to attack. After the hacker locates the security vulnerability, i.e. the weak point in the network, he moves on with determining the attack strategy. The reconnaissance phase often involves targeting resources that can open multiple doors for the attacker within the network, such as credentials, sensitive personal data, and financial information.
The basic strategy in security breach cases that lead to data disclosure is based on gaining access to the system. This is usually done by intercepting the credentials of a user who has access to the network or by infecting authentication protocols with malware. The strategy phase is highly dependent on the data obtained in the reconnaissance of security vulnerabilities.
The goal of the attack, which is carried out by hijacking login credentials, malware connection, or another attack vector, is to take control of the system for a long period of time without getting noticed. Using one of the attack vectors just mentioned, the cyber attacker has the ability to penetrate deeper into the IT infrastructure and disrupt it from the moment he enters the system.
By targeting the IT infrastructure not configured with advanced cybersecurity protocols, the attacker can easily reach his target by using the right attack vectors. In general, the goal is to make money or disrupt the continuity of the business model. Ransomware attacks can target both.
The longer the data breach lifecycle is, the more difficult it becomes to detect damage. As the cycle gets longer due to delays in detecting data breaches, more data can be leaked and greater financial losses can be incurred.
According to a recent study, it takes an average of 277 days worldwide to detect a data breach. Of this time, 207 days are related to data breach detection, while 70 days are spent trying to contain the breach.
One of the findings of the same study is related to the lifecycle cost of a data breach. Even a lifecycle lasting less than 200 days has an average cost of 3.74 million US dollars. The longer the cycle time, the higher the cost.
Mastering the entire IT infrastructure and establishing a strict control mechanism based on the 24/7 principle is the best way to detect data breaches. To perform these functions, an advanced cybersecurity protocol is required. This is where Privileged Access Management (PAM) solutions come into play.
PAM solutions enable organizations to leverage an advanced control mechanism for their IT infrastructure. Enabling control over access to these areas by auditing all entities with sensitive data batches, including the database, PAM is also highly successful in preventing breaches that can result from user errors on the network.
Our Privileged Access Management (PAM) product, Single Connect, also combines access control and data security applications to reduce the risk of data breaches through its advanced modules. Let's take a quick look at Single Connect's modules:
Contact us today to mitigate data breaches efficiently against cyber threats and to learn all the details about how to integrate our PAM solution into your company's IT infrastructure.