E-Business
IDC Identifies Cyber Threats, Successful Attacks Impacts on Healthcare Organizations
IDC Health Insights today announced a new report, “Business Strategy: Thwarting Cyber Threats and Attacks against Healthcare Organizations”.
The new report features findings from the 2014 IDC Insights Cross Industry Cyber Threat Survey, designed to gauge how financial services, healthcare provider organizations and retailers are responding to increasing cyber threats and the impact of successful attacks on business operations.
This IDC Health Insights study also highlights how healthcare organizations are investing in their cyber strategy to protect their most valuable electronic assets.
Today’s healthcare organizations are at greater risk of a cyber attack than ever before in part because electronic health information is more widely available today than in the nearly 20 years since the Health Insurance Portability and Accountability Act was passed in 1996.
Cyber criminals view healthcare organizations as a soft target compared to financial services and retailers because historically healthcare organizations have invested less in IT, including security technologies and services, than other industries, thus making them more vulnerable to successful cyber attacks.
The value of health information, which can be used to commit medical fraud, is surpassing the value of social security and credit card numbers on the black market, thus increasing the attractiveness of stealing health information.
Key findings include:
After physical loss or theft of a laptop, mobile or portable device, malicious hacking or IT incident was the most common breach reported on the Department of Health and Human Services (DHHS) Web site.
In 2013, 20 (out of 175) breaches related to hacking or an IT incident represented 9% of the individuals affected and 11.4% of the attacks.
All respondents of the 2014 IDC Insights Cross Industry Cyber Threat Survey reported that they had experienced a cyber attack in the past 12 months; 39.4% reported that they were attacked more than 10 times and 27.1% of the attacks were described as “successful attacks.”
Security is a top IT initiative for health care providers. In 2014, according to the 2014 IDC Global Technology and Industry Research Organization IT Survey, security and risk management technologies was the number 1 initiative (29.0%).
In 2013, it was also the top ranked initiative (20.1%).
Approximately 1 out of 4 cyber attacks had an impact on normal business operations.
The majority of respondents (52.2%) indicated that the shortest impact lasted less than an hour and 43.3% reported that the longest duration was between 8 and 24 hours.
The overwhelming majority of healthcare executives reported that their spending on cyber threats increased (59.6%) or stayed the same (38.3%) over the last three years.
On average, the increase for those respondents that reported an increase was 14.8%.
Consumers highly value their privacy according to a recent 2014 IDC Insights Cross-Industry Consumer Experience Survey, but are not as confident that healthcare organizations were adequately protecting their data.
Concerned consumers are willing to end a healthcare relationship after a breach, including changing their care providers (21.6%) and changing health plans (5%).
According to Lynne A. Dunbrack, research vice president, IDC Health Insights, “For healthcare organizations, it’s not a matter of if they are going to be attacked but when. Healthcare cyber security strategies need to take a comprehensive approach and include not only react and defend capabilities, but also predict and prevent capabilities to effectively thwart cybercriminals.”
Cyber attacks against healthcare will assuredly increase in number and level of sophistication in the next 12 to 24 months.
As other industries become more proficient at thwarting cyber attacks, cyber criminals will continue to cast their nets wider to find vulnerable information assets to exploit.
IDC Health Insights expects over time that spending allocations will change to support predict and prevent security strategies rather than defend and remediate strategies.
According to the new report, to take a more proactive stance in protecting themselves against cyber threats and attacks, healthcare organizations will need to invest in threat intelligence reporting which combines reports from security vendors and the organization’s own network logs. Predictive analytics can then be applied against these external and internal data feeds to help identify behaviors that suggest that systems are being compromised and under attack.
E-Business
Cybersecurity Firm Warns of Phishing Threats Targeting Telegram Premium
Kaspersky has warned that fake Telegram Premium offers have been spreading globally, targeting users with phishing scams and malware disguised as alternative app versions.
These attacks aim to steal account credentials or compromise devices. The scams capitalise on Telegram Premium’s popularity and gifting feature, making it crucial for users to remain vigilant.
Telegram Premium is a subscription that offers exclusive features, such as faster download speeds, voice-to-text conversion, premium stickers, an ad-free experience, and more. Users can gift a subscription, and scammers capitalise on this gifting feature and the Telegram Premium topic in general.
One of the tricks begins when a user receives a message that appears to come from someone in their contact list, whose account may have been hacked. The message claims: “You’ve been sent a gift — a Telegram Premium subscription”.
Below, there’s a link that looks legitimate but actually redirects the user to a phishing page, prompting them to log in to Telegram. If victims scan the code or enter their credentials, their account is immediately compromised, giving scammers access to their login details, password, and potentially their authentication code.
There are other tricks referencing the Telegram Premium theme, and not all of them necessarily start with messages on Telegram. Attackers may also use other methods to send phishing links, for example, email.
For instance, perpetrators host fake “giveaways” for Telegram Premium subscriptions. Victims are lured into participating, and in a series of steps, they are directed to a phishing site where they are prompted to enter their Telegram account credentials, ultimately resulting in their account being compromised.
Another machination involves cybercriminals sending victims an invitation to download a ZIP archive that claims to contain a version of the messenger service with a “Premium” subscription. The download link redirects users to a phishing page where they are once again asked to log in to Telegram.
Yet another fraud involves distributing malicious software disguised as an alternative version of the Telegram app with a “built-in” Premium subscription. Scammers send victims links to download APK files claiming they are modified versions of the app, but they turn out to be malware.
“Phishing schemes capitalising on the Telegram Premium topic has been observed in several languages, suggesting that the perpetrators operate globally. Even if these scams haven’t yet reached a specific region, there is a probability they could eventually make their way there.
Therefore, it’s always important to remain cautious and skeptical of offers that seem too good to be true. Additionally, make sure your Telegram security and privacy settings are up to date, and your device has a robust security solution,” advises Olga Svistunova, security expert at Kaspersky.
E-Business
FG to Add Iris Biometrics to Digital ID for more Inclusion
National Identity Management Commission of Nigeria (NIMC) has said that it is looking at ways of streamlining and expanding the rollout of digital ID in Nigeria and one of the options on the table is adding iris biometrics to its digital ID enrollment.
Iris biometrics is a biometric authentication technology that uses the unique patterns of the iris to identify a person
The hint was dropped recently by Abisoye Coker-Odusote, director general and chief executive officer, NIMC, during a Digital Public Infrastructure (DPI) Journalism Fellowship training which took place in Abuja.
Speaking through a representative, the NIMC boss said this idea is among a litany of innovations which they are planning to introduce to the digital ID system in order to make it more inclusive, The Sun reports.
At the moment, biometric enrollment for the National Identification Number (NIN) in Nigeria involves face and fingerprints.
Adding the iris modality, according to the official, will make it possible for citizens with disabilities to be equally issued the important credential which is necessary to access a wide range of services in the country.
“We are exploring the use of iris recognition technology to cater to the specific needs of individuals with disabilities,” the representative was quoted as saying. Uganda is one other African country which has announced the addition of iris biometrics to its new generation biometric national ID card.
The NIMC CEO said despite the challenges the ID authority faces, its commitment to build an inclusive ID system and expand coverage remain unwavering.
She emphasized the important of the NIN as an essential tool in getting access to several services.
In order to streamline access to services, Odusote said they have been working tirelessly with their partners to enhance interoperability among government agencies to facilitate identity verification.
This, she says, will save Nigerians the stress of having to register many times with government agencies to obtain services.
The innovations envisaged by the NIMC are part of a broader reforms plan which aims to give the ID authority a new legislative framework for more efficient identity management.
It also comes at a time when the World Bank has extended its support for the country’s digital ID program by another two years, with a target to issue 180 million digital IDs by the close of the extension.
The Nigeria ID4D has pledged in the past to create the enabling environment to the issuance of NINs to persons living with disabilities.
A recent investigative report however suggests that many aged and physically challenged citizens in Nigeria go through tough times seeking the NIN.
Some have reportedly had their SIM cards blocked while others have been locked out of their bank accounts for their inability to register for a digital ID.
E-Business
Kaspersky Reviews Main Business Headache Related to IT Security
According to the recent Kaspersky IT Security Economics report, the majority of companies surveyed globally find the loss of productivity, securing complex tech environments, and enabling data protection to be the most concerning business issues, driven by growing IT security needs and requirements.
The Kaspersky IT Security Economics report is released every year to analyse the changes in budgets, breaches and business challenges affecting IT Security decision makers.
This report is compiled from interviews with IT and IT security professionals from organisations of different sizes and industries. The survey was carried out in 27 countries across Europe, the Asia-Pacific region, Latin America, North America, the Middle East, Turkiye and the Africa (META) region, including in Egypt, KSA, Pakistan, South Africa, Turkiye, UAE.
According to the report, downtime and lost productivity are the most concerning business problems caused by ineffective IT security, an opinion expressed by 38% of companies globally and 34% in the META region. They encounter this problem mainly because of the long-time taken to detect and remediate threats.
Data protection is another important concern that was expressed by 33% of companies globally and 34% in the META region.
Respondents were worried about this because they regularly encountered the physical loss of devices by employees and experienced leakage of data from corporate systems caused by both external and internal reasons.
Securing complex technology environments and ensuring data connectivity were also on the list of key concerns, according to 33% of respondents globally and 26% in the META region.
Among the main IT issues that cause this challenge, respondents pointed to the rising number of incidents involving non-computing connected devices and incorrect operations of cybersecurity solutions that leave systems exposed.
Additionally, difficulties in managing security across different computing platforms play a crucial role in their inability to build a reliable all-encompassing cybersecurity system.
“It is crucial for organisations to safeguard every aspect of their operations from potential breaches. Attackers no longer solely rely on zero-day exploits, as a simple click on a malicious link or a vulnerability in a contractor’s infrastructure can lead to devastating consequences.
“This underscores the idea that information security should be based on a comprehensive and systematic approach, rather than being limited to the implementation of individual point-specific measures,” comments Alexey Vovk, Information Security Director at Kaspersky.
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