Expert Speak
Managing Risk in the Cloud
Written by Garth Braithwaite, Senior Director at Gigamon
Shifting workloads to the cloud has been front and centre of many organisations’ digital transformation initiatives in recent years. Yet it’s no secret that the unforeseen spiralling costs of cloud computing have now become a significant stumbling block. The rising monthly bills keep rolling in, putting CIOs under pressure and forming key discussion points in the Boardroom.
This heavy, costly burden for the IT sector is a result of complex hybrid infrastructure that continues to be a lucrative target for threat actors. In fact, studies have found that 95% of organisations are concerned about cloud security, while 42% of global IT and security leaders cite cloud applications as a common ransomware threat vector. It seems that IT teams are therefore becoming more aware of the challenges of securing the cloud, but the security stack is struggling to keep up.
The reality is that many of the security and monitoring tools designed for an on-premises world simply cannot properly protect a virtual and hybrid environment. And while gaining insight into all data-in-motion is crucial to both security and compliance, the myriad of tools being used across hybrid and multi-clouds make achieving this level of insight a challenge. It’s likely blind spots exist between the network and the cloud – allowing threat actors to hide for what could be weeks or months before they deploy devastating strains of malware.
How to manage the risk
The key to successfully managing risk in the cloud is made up of two parts: firstly, shifting the security mindset from reactive to proactive, and secondly, embracing deep observability. For far too long, organisations have been building up their walls of defence higher and higher, hoping their security tools will protect them in the case of an impending attack. In essence, many have been sitting ducks waiting for threat actors to find a back-door entrance or exploit a cloud blind spot. Security teams, therefore, need to change tact and become proactive threat hunters that not only find and fix critical inefficiencies and vulnerabilities before they are breached but also identify behavioural anomalies in their data.
This is only possible with actionable insight into all data from core to cloud, powered by deep observability. Deep observability employs real-time, network-level intelligence to track activity across a network. It goes further than the current log and trace-based monitoring tools that many enterprises have in place, optimising and amplifying the power of these solutions to rapidly detect suspicious activity and act accordingly. Achieving this ‘single source of truth’ also helps to reduce complexity and therefore cost.
Research shows that while cloud adoption may slow down, it won’t come to a complete halt. It’s likely organisations will continue to dedicate budget to protecting the cloud, but to do so they’ll need to find ways to make any investment go further. It’s important to remember that you cannot manage what you cannot see. Deep observability from core to cloud has never been more important for allowing proactive mitigation of blind spots or bottlenecks and it is integral to optimising infrastructure and managing cloud risk without breaking the bank.
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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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