According to IBM’s 2024 X-Force Threat Intelligence Index, data shows a 71% increase in cybercriminals exploiting legitimate credentials to access and compromise corporate networks, representing 30% of the total initial access vectors used in 2023.
Methods the cybercriminals use to access valid accounts include obtaining or buying credentials from the dark web and/or through infostealing malware. In 2023, X-Force observed a 266% increase in infostealing malware.
While 70% of attacks globally targeted critical infrastructure, 84% of observed incidents on critical infrastructure “could have been mitigated with best practices and security fundamentals, such as asset and patch management, credential hardening and the principle of least privilege.”
IBM assessed that AI hasn’t been a serious threat so far but could become one in the future. Charles Henderson, head of IBM X-Force, commented:
“While ‘security fundamentals’ doesn’t get as many head turns as ‘AI-engineered attacks,’ it remains that enterprises’ biggest security problem boils down to the basic and known – not the novel and unknown. Identity is being used against enterprises time and time again, a problem that will worsen as adversaries invest in AI to optimize the tactic.”
The 2024 X-Force Threat Intelligence Index is based on insights and observations from monitoring over 150 billion daily security events in more than 130 countries.
Dave Ratner, CEO, HYAS had this to say:
“With so many attacks exploiting legitimate credentials for access and exploitation, the need for cyber resiliency solutions has never been greater, especially for critical infrastructure providers and MSSP/MSPs that may protect their smaller cousins. The use of legitimate credentials means that much of the existing security stack is bypassed and ineffective — cyber resiliency solutions that see the anomalous behavior inside the environment, and track and shut down the command-and-control communication, provide security and safety regardless of the credentials being used for initial access.”
Troy Batterberry, CEO and Founder, EchoMark follows with this:
“Employees continue to contribute to cybersecurity risks faced by organizations, either through their poor credential practices or worse, deliberate acts of theft or leakage. Organizations must holistically raise their cybersecurity bar, including through much better identity requirements for their employees and also broader insider risk programs.”
Hopefully organizations are paying attention to this IBM report because it proves where the weak points in your defences are, and where you need to invest to address them.
Infinite Reality & Vodafone to Unveil Revolutionary Automotive Onboarding Service Featuring Generative AI and VR at Mobile World Congress Barcelona 2024
Posted in Commentary with tags Infinite Reality, Vodafone on February 21, 2024 by itnerdInfinite Reality (iR), a global leader in artificial intelligence innovations and immersive virtual experiences, together with telecommunication giant Vodafone, is thrilled to announce the unveiling of an innovative automotive original equipment manufacturer (OEM) onboarding service at Mobile World Congress 2024 in Barcelona. This pioneering product, set to redefine automotive retail and customer onboarding, will be showcased in a state-of-the-art mixed reality experience, demonstrating the advanced capabilities of Vodafone’s Pairpoint technology.
AI-Onboard utilizes the latest in generative AI, coupled with augmented reality (AR) and virtual reality (VR), to offer an immersive and interactive experience that showcases the future of customer engagement and retail. This initiative serves as a powerful example of how Infinite Reality is reshaping customer engagement through cutting edge, immersive solutions.
This extension of Infinite Reality and Vodafone’s partnership, highlights their collective commitment to innovation and bringing forward customer-centric solutions. Building from their collaborative success at the 2023 London Tech Week, the Mobile World Congress 2024 showcase promises to be a landmark event, illustrating the transformative impact of advanced AI-driven immersive experiences with Pairpoint Technology in the retail sector.
For more information about AI-Onboard and future collaborations between Infinite Reality and Vodafone, visit the websites of Infinite Reality and Vodafone.
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