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Over the past three decades, we’ve had time at Trend Micro to observe the industry trends that have the biggest impact on our customers. And one of the big things we’ve seen is that threats move largely in tandem with changes to IT infrastructure. This matters today because most organizations are transforming the way they run and manage their infrastructure—a daunting task on its own.
But with digital transformation also comes an expanded corporate attack surface, driving security leaders to demand enhanced visibility, detection & response across the entire enterprise — this is not just about the endpoint.
Transforming business
Over the past five years, there has been a major shift in the way IT infrastructure is delivered, and with that shift, increasing complexity. A big part of this change has been the use of the cloud, reflected in Gartner’s prediction that the market will grow to over $266 billion in 2020. Organizations everywhere are leveraging the cloud and DevOps to rapidly deliver new and differentiated applications and services for their customers, partners and employees. And the use of containers and microservices across a multi-cloud and hybrid environment is increasingly common.
In addition to leveraging public cloud services like IaaS, organizations are also rapidly adopting SaaS applications like Office 365, and expanding their use of mobile and collaborative applications to support remote working. Some are even arguing that working patterns may never be the same again, following the changes forced on many employers by the Covid-19 pandemic.
Combine these changes with networks that continue to extend to include branch offices and add new areas to protect like operational technology including industrial systems, and we can certainly see that the challenges facing the modern enterprise look nothing like they did a few years ago.
Under fire, under pressure
All of these infrastructure changes make for a broader attack surface that the bad guys can take advantage of, and they’re doing so with an increasingly wide range of tools and techniques. In the cloud there is a new class of vulnerabilities introduced through a greater use of open source, containers, orchestration platforms, supply chain applications and more. For all organizations, the majority of threats still prey upon the user, arriving via email (over 90% of the 52.3 billion we blocked in 2019), and they’re no longer just basic phishing attempts. There’s been an uptick in fileless events designed to bypass traditional security filters (we blocked 1.4 million last year). And Business Email Compromise (BEC) and ransomware continue to evolve, the latter causing major outages across local government, healthcare and other vulnerable sectors.
Organizations are often left flat-footed because they don’t have the in-house skills to secure a rapidly evolving IT environment. Mistakes get made, and configuration errors can allow the hackers to sneak in.
Against this backdrop, CISOs need visibility, detection and response capabilities across the extended enterprise. But in too many cases, teams are struggling because they have:
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Beyond the endpoint
While endpoint detection and response (EDR) has become a popular response to some of these problems over recent years, the reality is that cyber-attacks are rarely straightforward and limited to the endpoint (as noted in the email statistic above). Security teams actually need visibility, detection, and response across the entire IT environment, so they can better contextualize and deal with threats.
This is what Trend Micro XDR offers. It provides visibility across not just endpoints but also email, servers, cloud workloads and networks, applying AI and expert security analytics to correlate and identify potential threats. The result is fewer, higher fidelity alerts for stretched IT security teams to deal with. Recognizing the skills shortage reality, we also offer a managed XDR service that augments in-house SOC activities with the power of Trend Micro security experts.
Detection and response is too important to be limited to the endpoint. Today’s CISOs need visibility, detection, and response everywhere.
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Variety is welcome in most walks of life, but not when it comes to the threat landscape. Yet that is unfortunately the reality facing modern cybersecurity professionals. As Trend Micro’s 2019 roundup report reveals, hackers have an unprecedented array of tools, techniques and procedures at their disposal today. With 52 billion unique threats detected by our filters alone, this is in danger of becoming an overwhelming challenge for many IT security departments.
In response, many CISOs are rightly re-examining how they approach threat defense. Rather than create potential security gaps and risk budget shortfalls through best-of-breed investments, they’re understanding that it may be better to consolidate on one provider that can do it all.
The state of play
Our report provides an alarming snapshot into a threat landscape characterized by volatility and chaos. Financially motivated cybercriminals collaborate and compete with each other on a daily basis to elicit profits from their victims. And there are plenty of those, thanks to increased investments in cloud and digital platforms that have broadened the corporate attack surface.
Three trends in the report stand out:
Ransomware is on the rise: Although the number of new families fell, the number of detected ransomware components jumped by 10% to top 61 million during the year. Attacks have been causing chaos across the US, particularly among under-funded public sector authorities and schools. The recent outage at Redcar council could be ominous for UK local authorities. As if service downtime wasn’t enough, several groups have also begun stealing sensitive data before they encrypt, and releasing it if victims don’t pay up — which will require organisations to evolve their threat defense strategies.
Phishing is evolving: As always, email-borne attacks accounted for the vast majority (91%) of threats we blocked last year, and increased 15% in volume from 2018. What does this mean? That phishing remains the number one vector for attacks on organisations. Although we noted an overall decline in total attempts to visit phishing sites, there were some spikes. Fraudsters appear to be targeting Office 365 in an attempt to bypass security filters: the number of unique phishing URLs that spoofed the Microsoft cloud platform soared by 100% from the previous year. BEC attacks, which the FBI has claimed cost more than any other cybercrime type last year, grew 5%.
The supply chain is exposed: At the same time, the digital supply chain has rapidly expanded in recent years, exposing more organisations to risk. This was particularly notable in the e-commerce space last year, as Magecart gangs managed to compromise an estimated two million sites. Many of these attacks focused on attacking supply chain partners, which provide JavaScript libraries to the victim sites. We also observed an increase in attacks focused on compromising DevOps tools and deployments, such as misconfigured versions of Docker Engine – Community and unsecured Docker hosts.
What happens now?
This is just the tip of the iceberg. We also detected a 189% brute force IoT logins, an increase in mobile malware, and much more. To regain the initiative in the face of such a wide-ranging set of threats, CISOs may find more value in taking a connected threat defence approach. This would consolidate protection onto a single provider across gateways, networks, servers and endpoints, with underlying threat intelligence optimizing defense at each layer.
Here’s a quick checklist of elements to consider:
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To find out more, read Trend Micro’s 2019 roundup report here: https://www.trendmicro.com/vinfo/us/security/research-and-analysis/threat-reports/roundup/the-sprawling-reach-of-complex-threats.
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