Expert Speak
API Security Moves Mainstream
Written by Cameron Camp, Security Researcher at ESET
As swarms of IoT gear, seek richer data retrieval from their cloud mother ships, the more robust – and more potentially dangerously hackable – API interfaces get a fresh push toward center stage. With Google’s API security initiative Apigee, API security is growing up. And it’s not just IoT. Machine-to-machine data behind super-slick UX designs need seamless interfaces that help move masses of data with less friction, offering more responsive mashups of tech polled from locations far and wide.
But to make this all “just work”, those more robust interfaces bake in more robust attack possibilities to potentially slurp data wholesale to parts unknown and at record speed. Recently, we wrote about the spate of new startups at this year’s RSA Conference that tried to get attendees to wrap their heads around how to make sure an API doesn’t suddenly start misbehaving or does stuff no one knows about until it’s too late. It’s not just us: our friends at DarkReading purport to tally the mounting business losses associated with API hacks.
And now the heavyweights are moving into this space too, cementing API security as “A Thing”. Google’s Apigee Advanced API Security for Google Cloud aims to let organizations identify API misconfigurations and thwart malicious bots, the former being one of the main culprits of API security incidents. Luckily, there are tools from folks like the OWASP API Security Project where you can do a health check on your own APIs, or on those you interface with, which can serve as a baseline. They also have a drill-down about the most common misconfigurations and how to avoid them, so it’s a great place to start.
As we mentioned in our previous post, there was a bevvy of API security startups darkening the halls at RSA, so you may also have some commercial options, with more coming in the future. Expect to continue to see API hacks ramp up as companies wrestle with the prospect of securing yet another interface, this time an industrial one that sits at the heart of the cloud and big data, and – configured wrong – can allow vast troves of data to be siphoned off around the world to parts unknown. Just make sure it’s not your data.
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Cyber Security
Positive Technologies Study Reveals Successful Cyberattacks Nett 5X Profits
Positive Technologies has released a study on the dark web market, analysing prices for illegal cybersecurity services and products, as well as the costs incurred by cybercriminals to carry out attacks. The most expensive type of malware is ransomware, with a median cost of $7,500. Zero-day exploits are particularly valuable, often being sold for millions of dollars. However, the net profit from a successful cyberattack can be five times the cost of organizing it.
Experts estimate that performing a popular phishing attack involving ransomware costs novice cybercriminals at least $20,000. First, hackers rent dedicated servers, subscribe to VPN services, and acquire other tools to build a secure and anonymous IT infrastructure to manage the attack. Attackers also need to acquire the source code of malicious software or subscribe to ready-to-use malware, as well as tools for infiltrating the victim’s system and evading detection by security measures. Moreover, cybercriminals can consult with seasoned experts, purchase access to targeted infrastructures and company data, and escalate privileges within a compromised system. Products and tools are readily available for purchase on the dark web, catering to beginners. The darknet also offers leaked malware along with detailed instructions, making it easier for novice cybercriminals to carry out attacks.
Malware is one of the primary tools in a hacker’s arsenal, with 53% of malware-related ads focused on sales. In 19% of all posts, infostealers designed to steal data are offered. Crypters and code obfuscation tools, used to help attackers hide malware from security tools, are featured in 17% of cases. Additionally, loaders are mentioned in 16% of ads. The median cost of these types of malware stands at $400, $70, and $500, respectively. The most expensive malware is ransomware: its median cost is $7,500, with some offers reaching up to $320,000. Ransomware is primarily distributed through affiliate programs, known as Ransomware-as-a-Service (RaaS), where participants in an attack typically receive 70–90% of the ransom. To become a partner, a criminal must make a contribution of 0.05 Bitcoin (approximately $5,000) and have a solid reputation on the dark web.
Another popular attack tool is exploits: 69% of exploit-related ads focus on sales, with zero-day vulnerability posts accounting for 32% of them. In 31% of cases, the cost of exploits exceeds $20,000 and can reach several million dollars. Access to corporate networks is relatively inexpensive, with 72% of such ads focused on sales, and 62% of them priced at under a thousand dollars. Among cybercriminal services, hacks are the most popular option, accounting for 49% of reports. For example, the price for compromising a personal email account starts at $100, while the cost for a corporate account begins at $200.
Dmitry Streltsov, Threat Analyst at Positive Technologies, says, “On dark web marketplaces, prices are typically determined in one of two ways: either sellers set a fixed price, or auctions are held. Auctions are often used for exclusive items, such as zero-day exploits. The platforms facilitating these deals also generate revenue, often through their own escrow services, which hold the buyer’s funds temporarily until the product or service is confirmed as delivered. On many platforms, these escrow services are managed by either administrators or trusted users with strong reputations. In return, they earn at least 4% of the transaction amount, with the forums setting the rates.”
Considering the cost of tools and services on the dark web, along with the median ransom amount, cybercriminals can achieve a net profit of $100,000–$130,000 from a successful attack—five times the cost of their preparation. For a company, such an incident can result not only in ransom costs but also in massive financial losses due to disrupted business processes. For example, in 2024, due to a ransomware attack, servers of CDK Global were down for two weeks. The company paid cybercriminals $25 million, while the financial losses of dealers due to system downtime exceeded $600 million.
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