Expert Speak
Five Tips for Improved Cybersecurity During the Summer Season
Written by Fady Younes, Cybersecurity Director, EMEA Service Providers and MEA at Cisco
It’s time for summer vacation again, and while many look forward to a well-deserved break, there is an entire industry that is unlikely to take any time off: cybercrime. Digital security risks and malicious attacks increase during summertime due to lower and temporary staffing in the workplace. The UAE, with its advanced digital economy and widespread adoption of technology, has been constantly targeted by increasing cyberattacks on strategic national sectors with the banking, financial, healthcare, oil and gas sectors being the most targeted.
Having the right cybersecurity strategy requires both resources and time. More importantly, the strategy should focus on people to be more conscient and vigilant in dealing with malicious links, unsafe files, and malware. There are several measures that can be implemented – from making cybersecurity a common concern to being alert and careful – which both have a short lead time and can protect individuals and businesses from risks.
Here are a few measures that contribute to preventing attacks, which at the same time create an increased awareness of security risks among employees.
Make cybersecurity a common concern
We live in a digitised age and cyber-attacks are increasingly targeting people rather than our technical infrastructure. Therefore, it is important to understand that employees must be seen as the first and most important line of defence against attacks. Setting out guidelines for digital security practices in a company is one thing, but creating commitment to them among employees is another. Therefore, the first step should be to open a dialogue about cybersecurity with teams before they go on vacation.
Security first when it comes to data
It is critical to regularly evaluate and test backup and recovery procedures. At the same time, focus on making it both safer and easier for employees to follow the safety procedures. Relatively simple solutions such as password administration via single sign-on (SSO) can reduce complexity and prevent vulnerabilities. This philosophy also makes it easier for employees to spar with each other about what works for them, which helps to further improve security preparedness.
Be alert to urgent matters
It is important to be careful with AI, which has now become so efficient and readily available that convincing forgeries of colleagues’ emails or even professional forms can be created. If in doubt, it is better to double-check information once too much than once too little at even the slightest doubt.
Be careful when checking emails or working on vacation
If on holiday you are tempted to use public Wi-Fi to go online and read e-mails, access the server, or view files in drives, then it is a very good idea to use a VPN connection or any secure access solution so that the data that is exchanged is encrypted, and therefore cannot be “listened in”.
Be always proactive
A proactive approach, continuous education, and the ability to adapt to new threats can help us enjoy the summer with peace of mind. It is important that we keep our eyes open and remain alert. There are countless varieties of cyber-attacks, including phishing, denial-of-service, and ransomware, but fortunately, the vast majority can be overcome with awareness, common sense and a critical approach to security when moving in cyberspace. The critical approach is good to take with you everywhere – even on vacation.
Artificial Intelligence
How AI is Reinventing Cybersecurity for the Automotive Industry
Written by Alain Penel, VP of Middle East, CIS & Turkey at Fortinet (more…)
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.
Expert Speak
What the Bybit Hack Reveals About the Future of Crypto Security
Written by Oded Vanunu, Chief Technologist & Head of Product Vulnerability Research at Check Point (more…)
-
GISEC1 week agoPositive Technologies @ GISEC Global 2025: Demonstrating Cutting-Edge Cyber Threats and AI Defense Strategies
-
Cyber Security1 week agoAxis Communications Sheds Light on Video Surveillance Industry Perspectives on AI
-
GISEC1 week agoVideo: SANS Institute Weighs in on Deepfakes, Model Poisoning and Risk Frameworks at GISEC Global 2025
-
GISEC1 week agoManageEngine @ GISEC Global 2025: AI, Quantum Computing, and Ransomware Form Part of Cybersecurity Outlook for 2025
-
GISEC1 week agoVideo: SentinelOne Speaks Hyperautomation, Purple AI, and the Future of Threat Detection at GISEC Global 2025
-
Africa Focus6 days agoCyberKnight Sets Up South Africa Entity
-
GISEC1 week agoGroup-IB @ GISEC Global 2025: Tackling Evolving Cyber Threats with Localised Intelligence and AI
-
GISEC1 week agoVideo: CyberKnight on Zero Trust, AI, and Saudi Arabia’s Digital Transformation at GISEC Global 2025
