By Amanda Daly, Eze Castle Integration – Black Hat vs White Hat & every shade in between. The term hacker carries a negative connotation because a majority of the time we only hear about the “bad” hackers. Hackers tend to attack more often than they should. Be sure to be guards up and on the lookout for hacker's exploits – from social engineering to poor patch management - to protect your firm.
Black hat hacker's tricks
Black Hat hackers exploit individuals for money, information, and much more, all for personal gain. White Hat Hackers, however, are the good guys. White Hat hackers help you to identify security gaps that Black Hats may penetrate.
So, let's look at the favourite technique that Black Hat Hackers use – first up is social engineering.
Social engineering (eg phishing, baiting, pretexting, etc) relies on the exploitation of human behaviors to breach an organisation’s information security system. Hackers prey on propensities of human nature, including:
Social engineering techniques
During a social engineering scheme, criminals will typically attempt to trick victims into clicking on malevolent attachments and hyperlinks by promoting them as relevant, insightful and/or significant content. For example, a hacker sends the target firm a PDF attachment via email that appears to be an invoice. However, the PDF is actually an executable file (.exe) that runs a malicious program. The unwary employee downloads the authentic-looking PDF and unleashes the malware file into its organisation’s network, granting it access to sensitive data and leaving the company at risk.
In many cases, the malware may be ransomware, meaning the compromised computer would be locked and victim demanded to make a payment in order to regain access to files. Firms should leverage [Eze Castle] phishing simulations to test users’ knowledge and information security awareness on a regular basis.
Ransomware/malware: Another favourite
In May of 2017, WannaCry ransomware hit centre stage and spread globally, affecting large number of organisations. WannaCry encrypts data files and asks users to pay a ransom in bitcoins. WannaCry has the ability to spread itself within corporate networks, without user interaction, by exploiting a known vulnerability in Microsoft Windows. If the computer is not up to date with the latest Windows security updates, these are the ones that were (and still can be!) at risk of infection.
By not upgrading, firms are potentially risking everything. As patches and bug fixes are no longer being provided, hackers have an unguarded entrance to access a firm’s environment. This not only increases the firm’s odds of being hacked, but also raises the gravity of ensuing damages should an incident occur.
Missing patches = open doors for black hat hackers
Outdated systems are dangerous yet all systems can become dangerous if left unpatched. That’s why we recommend looking at a patch management service. Companies – such as Eze Castle Integration! – can provide fully managed patch services to ensure software and firmware remain up-to-date and are proactively monitored to prevent security bugs and malicious exploits, reducing overall firm risk.
To further protect you and your firms’ information from hacks and hackers, be sure to:
Check out these 10 common cyber gaps to help reduce your firm's risk
Yen carry trade risks mount
Hedge funds and other leveraged investors face renewed risks from the yen carry trade as Japan moves further away from decades of…
More
Valour launches first crypto hedge fund using Neuronomics AI strategy
Valour, the digital asset investment products subsidiary of DeFi Technologies, has launched its first hedge fund as it expands beyond…
More
SocGen targets strong prime brokerage growth
Societe Generale is planning to significantly expand its prime brokerage business as part of Chief Executive Officer Slawomir Krupa's…
More