With increased significance rising for virtual and online models, remote connectivity and communication have done a lot of good to the companies for their day-to-day functioning. Organizations have been saving massive expenses and are achieving great efficiency in workflow management. Remote and virtual connections through multifarious technologies like cloud, virtual desktop, and remote connection is termed to be the new normal for the coming years because of the efficiency and productivity it has yielded.
Though with such effective pros, the cons of the remote and online ecosystem are also rising to a huge extent. As per Forbes, security breaches went on to record high with 4.1 billion security breaches in just the first six months of 2019. Here is where security safeguards like multifactor authentication and behavioural biometrics will play a major role in protecting and preventing virtual ecosystems of today against the malicious attacks implanted.
Cyberattacks and security breaches are not leaving the giants as well. As per AnalyticsIndia, the biggest data breaches that made headlines in 2020 include some of the major names like, Zoom’s credential-based breach, Unacademy’s data breach, Bigbasket’s user data breach, Twitter’s data breach, and many more.
Adding to this list, a sophisticated attack on Microsoft’s business email software which was widely used by the masses also created a big buzz.
What is Microsoft Cyberattack?
On December 17th, Reuters reported that Microsoft email software servers might have been compromised by the trojan lurking as an aggregation to Orion, SolarWinds attack. Microsoft Corp themselves made it public, quoting that their systems were infiltrated and compromised by the malware automation coming from the SolarWinds breach.
Though Microsoft executives reportedly said, “there has been no evidence that the actor behind SolarWinds discovered or exploited any vulnerability in Microsoft’s products and services.”
This attack could have taken major hits on various principal US government agencies and other important enterprises which can have major confidential data and resources under their systems.
Microsoft says that this Microsoft cyberattack was started by a Chinese government-backed hacking group and is going on infecting thousands of other victims globally. A total of 60,000 known victims can be counted as of now as per the data in the Bloomberg article.
The European Bank Authority who had personal and confidential data on Microsoft’s servers were the recent victims saying that their data held on these servers might have been compromised and infiltrated. Some of the other major organizations that had their data in Microsoft’s servers include several banks and electricity generators.
What can this attack do?
The attackers have also been successful in infiltrating the supply chains of organizations. This would give hackers an upper arm to control and run the software updates of the compromised company under a hidden and unidentified name. The malware implanted can be stealthy and can remain dormant for weeks. This malware blends perfectly with a legitimate activity which makes it look genuine and unidentified. It can also hack and steal data and information from the other connections and networks that are connected with the infected computers.
This rapidly escalating attack that began from the SolarWinds Corp. breach has raised major concerns in the minds of U.S. national security officials as the recent hackers were able to infiltrate victims very quickly. Researchers also quote that the hackers and the perpetrators were able to automate the hacking processes. It seems like Washinton is preparing major measures to counter this attack as per the report in the New York Times.
This aggressive attack which is not usually aggressive has caused huge damages and infiltrations in the user accounts, which gives the hackers total remote control over the infiltrated systems.
The techniques including steganography are failing to create major impacts on the detection and network analysis. The lateral movement and unpredictable delays are caused due to the usage of compromised and spoofed tokens.
The Rescue Plan
The Biden Administration seems to lay stringent measures on stopping this escalating channel of attacks that is spreading at a huge frequency. A specific task-force is going to get formed to address these aggressive cyber attacks. This task force was launched by a multi-agency effort that was initiated by the FBI, CISA, and the National Security Council.
Microsoft has also laid certain security patches to counter the impacts of this hack but it seems like these patches won’t turn much effective against the damages already caused. It seems like the Microsoft exchange servers could prevent the attacks through those security patches only if not yet compromised. It can not overturn the already compromised exchange servers.
The Cybersecurity and Infrastructure Security Agency (CISA) has advised all the organizations that were running on Microsoft cyberattack servers to do a scan of all devices in order to check any vulnerabilities.
What could have been done?
The most effective way that could have been implemented to stay safe against such attacks is the quick application of updates. Also, the major security channels of zero trust security and a Split Plane Architecture could have helped to lay down a robust security structure.
A more effective and impactful strategy was needed to be in a place that can prevent the collaboration of public and private sectors used by cybersecurity hackers today. The infrastructure needs to get more streamlined with better security standards set.
With new opportunities, online and virtual models have also come up with new threats that are causing impactful and dangerous repercussions. Big investments in laying down stringent and robust security infrastructure should be the basic necessity of today’s organization’s functioning. Here is where Instasafe kicks in to feature today’s organizations with robust and undefeatable cybersecurity standards.
Instasafe believes in offering the most secure and effective security infrastructure and services that will leave zero vulnerabilities and would also lead to effective safeguarding of sensitive and clinical data. Some of our best security solutions including Microsegmentation, Zero trust security, Multifactor-authentication and other cybersecurity solutions will cure your networks and connections with extreme security.
Tune in with Instasafe today and be relieved of all the 2021 cybersecurity threats.