More than $2.5 trillion in mergers were announced in the first half of 2018—a new record. Ranked by value of the deal, energy and power deals led, followed by media and entertainment, with healthcare and industrials close behind. Industries are converging and organizations are using acquisitions, divestitures, and other forms of asset remix to reposition their businesses. For example, there are numerous mergers among pharmaceutical, life sciences, and biotech companies as they seek to gain traction in a highly fragmented market. EY predicts that the total value of life sciences M&A will surpass $200 billion in 2018. According to Deloitte, technology acquisition is the primary driver of M&A pursuits, ahead of expanding customer bases in existing markets, and adding products or services.
At a recent industry event, I got to chatting with the CISO of a major children’s hospital. Over a beer, he shared with me the challenges he faces daily. Our far-reaching conversation covered nation-state actors enticing students to exfiltrate clinical trial test results, to his search for a secure USB port cover for patient-facing devices. Maybe it was the beer, but as he described his tribulations, each to me worse than the next, his enthusiasm and energy grew. Every so often he stopped to shake his head in disbelief at his own story as if to say, “Even I can’t believe how bad this is…”
Preventing the ability of attackers to perform lateral movement within your network is not only a threat detection function—it’s also a cyber hygiene function. In this blog, we’ll review some of the most common—and invisible—ways that privileged user credentials proliferate in enterprise networks. It’s well understood that domain admin or other high-powered credentials are gold to a cyberattacker. With “keys to the kingdom,” they can move easily and silently from one system to another, change domain attributes, add permissions, change passwords, and connect to any machine in the domain. Most organizations dedicate significant resources to careful management of Active Directory and use various technologies and practices to control access privileges. But our experience shows that even in the most diligent organizations, privileged user credentials are more accessible to attackers than you’d think.
It goes without saying that digital transformation—the reengineering of core business processes leveraging digital technology—dramatically increases cyber risk for most organizations. It usually results in greater avenues of connectivity, collection of richer data from more sources, use of cloud services, extension of trust to more people and entities, and incorporation of smart devices in one form or another.
ATMs are literally boxes of cash—too good for criminals of any stripe to pass up. When ATMs first emerged, thieves used brute-force tools like crowbars, explosives, and propane torches to remove the ATM machine itself or get at the cash inside. As recently as April, three men were charged in Salt Lake City, UT, for trying to blow up ATMs and steal the cash.
With cyber risk an executive- and board-level concern, it's not enough to try to prevent attackers from gaining entry to your network. Advanced, persistent attackers can still get through even the most advanced defenses. Once they're in, they have the arduous task of moving from their initial point of entry to their ultimate target. This is the time when attackers are most vulnerable—and where we, as defenders, have an opportunity to tip the balance in our favor.