Navigating Cyber Threat 2024: Ethical Hacking
In the fast-paced world of cybersecurity, malicious actors continuously devise new methods to breach and compromise digital assets. The fallout from these malicious activities can be hefty, often resulting in significant financial and reputational damage.
Here at ITogether, we are committed to guiding you through the complex landscape of cyber threats.
This guide breaks down common hacking techniques used by cyber adversaries, and more importantly, provides a set of practical safeguards to strengthen your digital infrastructure. Our aim here is to not just inform, but equip your organisation with actionable solutions to a common problem.
Password Cracking
What is it?:
Password cracking is a method where adversaries attempt to decipher or recover passwords from data transmitted or stored in a computer system. The common techniques include brute force attacks, dictionary attacks, and rainbow table attacks.
As described in a report from April 2023, Hive found that an 8-character complex password could be cracked in only five minutes if the attacker was to take advantage of the latest graphics processing technology and artificial intelligence. Further, a seven-character complex password could be cracked in 4 seconds, while one with six or fewer characters could be cracked instantly. Shorter passwords with only one or two character types, such as only numbers or lowercase letters, or only numbers and letters, could also be cracked in an instant.
Real World Example:
In 2016, a group of hackers used brute force attacks to crack passwords and infiltrate Dropbox, exposing over 68 million user credentials. To read more about the Dropbox Hack click here.
Safeguards:
Employing complex passwords, multi-factor authentication (MFA), and regular password changes can significantly diminish the risks associated with password cracking. Additionally, limiting login attempts and using WAF BOT protection from Akamai or Google Captcha can deter automated cracking attempts.
Exploiting Network Vulnerabilities:
What is it?
This involves identifying and exploiting weaknesses within a network’s security to gain unauthorised access. Common vulnerabilities include unpatched software, misconfigured firewalls, and insecure network protocols.
Real World Examples: In 2023, DarkReading revealed that the majority of ransomware attacks in 2022 exploited old bugs. To find out more, click here.
Safeguards: Regular patching and updates, employing intrusion detection systems, and conducting vulnerability assessments are crucial steps. Additionally, network segmentation and using firewalls can help control traffic and isolate potential threats.
Social Engineering
What is it?:
Social engineering manipulates individuals into divulging confidential information or performing certain actions that compromise security. Tactics include phishing, pretexting, quid pro quo, and baiting, which exploit human psychology rather than technical vulnerabilities.
Real World Example:
In 2023, MGM Resorts incurred over $110 million in losses from a ransomware attack that disrupted operations and compromised customer personal data. To read more about the MGM hack in 2023 click here.
Safeguards:
Regular security awareness training, strict information disclosure policies, and phishing simulation exercises are essential. Employing robust verification processes can also help mitigate risks.
Spoofing and Man-in-the-Middle Attacks
What is it?:
Spoofing involves impersonating a trusted entity to intercept or alter communications, while Man-in-the-Middle attacks intercept and potentially alter communication between two parties without them knowing.
Real World Example:
In 2019, researchers from Check Point Software uncovered a sophisticated man-in-the-middle spoofing attack where hackers intercepted a $1 million wire transfer from a Chinese VC firm to an Israeli startup, employing elaborate spoofing techniques to deceive both parties. To read more click here.
Safeguards:
Employing encryption, validating communication endpoints, and leveraging robust authentication mechanisms are vital. Additionally, using secure network protocols can help protect data in transit.
Navigating through the intricate world of cyber threats requires a good understanding of adversarial techniques and the application of strong safeguards. Our guide provides clear insight into ethical hacking techniques, their potential impacts, and practical safeguards to ensure robust cybersecurity.
Work with us to move beyond understanding, towards implementing strategic cybersecurity solutions tailored to your organisation's unique needs.
By following the advice and implementing the safeguards outlined in this guide, you can significantly reduce cybersecurity risks, ensuring a resilient and secure digital environment.
Visit ITogether or contact us at hello@itogether.co.uk to take the first step towards enhanced cybersecurity.