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IBM Security, through its X-Force cloud platform team, has published the Cloud Threat Landscape Report for the fourth time. There are two big highlights this time: the importance
IBM Security, through its X-Force cloud platform team, has published the Cloud Threat Landscape Report for the fourth time. There are two big highlights this time: the importance of credentials for hackers and Europe as a prime target for cyberattacks.
IBM’s annual Cloud Threat Landscape Report is in its fourth edition. It contains numbers and insights that IBM Security generates from data from X-Force, its cloud cybersecurity platform. This year’s report shows that Europe is a very important target for cybercriminals and that logins play an important role in these attacks.
The first striking figure from the report is that no less than ninety percent of the assets for sale on the dark web consist of credentials, which are available for just under $10 on average. Those from Microsoft Outlook Cloud top the rankings of the most sought-after data. The current problems at MGM Resorts prove how easy it can sometimes be to steal login credentials from companies.
These numbers resulted in 36 percent of cloud security incidents using valid but compromised credentials. In 33 percent of incidents in a cloud environment, the X-Force team found unencrypted passwords on user endpoints. In many cases these were people who had far more access than was actually necessary for their specific task. This also confirms the importance of sufficient awareness and training of employees.
Cyber criminals are primarily looking for login credentials for the most popular SaaS solutions in the cloud. Not only Microsoft Outlook, as already mentioned, but also WordPress, Zoom and Dropbox seem to be popular.
When the X-Force team examined regional differences, Europe was head and shoulders above the rest. Unfortunately, 64 percent of cloud incidents occurred there. That’s much higher than the 28 percent of followers in North America.
Data from Red Hat Insights shows that up to 87 percent of the malware the system was able to identify was located in organizations in Europe. North America is also in second place with twelve percent.
Source: IT Daily
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