When it comes to cybersecurity and keeping your digital assets safe, vulnerability management is a critical pillar helping organizations maintain a robust defense against potential threats. Vulnerability Management is a proactive approach to identifying, prioritizing, and mitigating security weaknesses within an organization’s digital infrastructure to enhance overall cybersecurity.
However, even the best-intentioned efforts and robust vulnerability management tools can fall short, if organizations fail to execute the recommended mitigation with precision and vigilance.
Indeed, as with everything else in life, there are pitfalls that can undermine the effectiveness of cybersecurity managed services. Here, we unveil the “Seven Deadly Sins” of vulnerability management, shedding light on these common (but deadly) traps and offering expert insights into preventing their detrimental consequences.
1. Sloth: Neglecting Patching Prioritization
Neglecting risk-based patch prioritization leads to wasteful resource allocation and sluggish responses. Any procrastination on the part of organizations to address critical software vulnerabilities allows these exploitable vulnerabilities to persist within systems, creating openings for cyber attackers to strike. Similarly, disregarding well-known weaknesses in outdated Internet of Things (IoT) devices within corporate networks exposes organizations to threats like network breaches, Distributed Denial of Service (DDoS) attacks, or botnet activities.
With organizations juggling multiple priorities, delays in patching vulnerabilities enables successful malware attacks that can access, manipulate, or even erase data. This can cause financial losses and reputational damage to the organization compromised.
For instance, Equifax, one of the largest credit reporting agencies, suffered a massive data breach in 2017 due to a failure in patch management. The breach exposed personal information, including Social Security numbers and financial data, of approximately 147 million consumers. The attackers exploited a known vulnerability in the Apache Struts web application framework that Equifax had failed to patch in a timely manner. The breach not only resulted in significant financial losses for Equifax but also eroded consumer trust and led to legal and regulatory consequences.
Securin’s Recommended Best Practice: Implement a smart patching prioritization process based on vulnerability threat associations, asset location, exploit potential, and other factors. This will help to promptly address critical vulnerabilities specific to an organization and prevent exploitation due to neglect. Organizations should also consider partnering with a managed cybersecurity services provider to ensure expert guidance.
2. Greed: Choosing Core Asset Protection Over Comprehensive Coverage
Cybersecurity involves the investment of time and money and many organizations prefer to focus their resources on protecting their high-performing assets, leaving other potential weak points exposed.
Underinvesting in vulnerability management to save costs can create an environment where cybercriminals exploit weaknesses and steal sensitive data. Consider a case where an e-commerce company solely focuses on securing its web application but overlooks vulnerabilities in its internal database systems. Attackers could target the unguarded database, compromising sensitive customer information.
For instance, Marriott International announced a data breach in 2018 that exposed the personal information of around 500 million guests. The breach resulted from unauthorized access to the Starwood guest reservation database. Marriott’s lack of comprehensive security measures, including proper segmentation of guest data and monitoring of suspicious activities, allowed the attackers to access and exfiltrate sensitive customer information.
Securin’s Recommended Best Practice: Avoid the trap of focusing solely on core assets; adopt a cybersecurity service package that ensures comprehensive coverage of all systems and applications to prevent blind spots that attackers might exploit.
3. Lust: Chasing Compliance, Not Cybersecurity
In the realm of vulnerability management, the allure of compliance can be seductive, often diverting focus from the core mission of protecting against evolving cyber threats. Organizations that center their efforts solely on compliance to meet regulatory standards and acquire certifications are guilty of disregarding the broader threat context. As a result, resources are misallocated to lower-priority vulnerabilities while high-impact threats specific to its industry remain unaddressed. Ignoring vulnerabilities in less critical systems to meet compliance metrics can allow attackers to pivot to more valuable assets, magnifying the impact of an attack. This approach exposes organizations to a higher probability of breaches, data leaks, and financial losses, all of which far surpass the immediate gratification of adhering to compliance standards.
Target, a prominent retail chain, experienced a high-profile data breach in 2013 during the holiday shopping season. The breach compromised the payment card information of around 40 million customers. Again, Target was PCI DSS compliant, yet attackers gained access to their network through a third-party vendor.
Securin’s Recommended Best Practice: Shift the focus from mere compliance to overall robust cybersecurity strategies that effectively protect against threats, surpassing minimum requirements.
4. Wrath: Responding Reactively Instead of Proactively
Organizations that wait for security breaches to spur them into action are inviting disaster and will have to face severe consequences. Unaddressed vulnerabilities can transform into catalysts for chaos, causing data breaches, financial losses, and reputational damage.
Typically, this occurs when security teams face an onslaught of unrelenting cyber threats and an unfortunate absence of leadership support or cybersecurity investment. They end up resorting to a reactive approach rather than a calculated, proactive one and only respond when threats have already infiltrated their systems. Fueled by frustration and the aftermath of a breach, they then hastily put together countermeasures.
Yahoo suffered a series of data breaches between 2013 and 2016 that exposed billions of user accounts. The breaches were attributed to various vulnerabilities, including SQL injection and compromised employee credentials. Yahoo’s reactive approach to security became evident as the breaches were only discovered after substantial amounts of user data had been compromised. This revealed the importance of a proactive security posture to prevent unauthorized access and data breaches.
Securin’s Recommended Best Practice: Instead of responding impulsively to threats, organizations must develop robust strategies that identify vulnerabilities ahead of time, prioritize them based on risk, and implement comprehensive measures to mitigate potential attacks.
5. Envy: Disregarding Collaboration
When organizations prioritize rivalry over cooperation, they disregard the benefits of collective security enhancement through collaboration. Driven by competition or a reluctance to share information, many companies perceive collaboration as a weakness, fearing it could expose their vulnerabilities to rivals.
This lack of collaboration compounds vulnerability management challenges. Instead of combining resources and insights, organizations often end up isolating themselves, weakening their collective ability to counter evolving threats. Additionally, any internal rivalry between teams can also hinder efficient vulnerability management. Isolation between departments and a lack of communication between security and IT teams cause delays in patching and incident response, creating an environment ripe for attackers.
In 2017, the WannaCry ransomware attack targeted global organizations across several industries. However, a lack of collaboration between organizations for vulnerability management allowed the rapid spread of the malware, which exploited a known Windows vulnerability. The same year, the NotPetya ransomware attack caused widespread disruption, affecting companies like the shipping giant, Maersk. Neglecting collaboration left organizations ill-prepared for the scale of the attack, which exploited software supply-chain vulnerabilities. Had affected organizations shared information and collaborated on patching efforts, the impact could have been minimized.
Securin’s Recommended Best Practice: Establish effective communication channels between teams to ensure swift responses and reduce the organization’s overall risk exposure. Adopt a proactive approach that involves sharing threat intelligence, best practices, and security measures to collectively strengthen defenses.
6. Gluttony: Collecting More Vulnerabilities Than You Can Manage
Running automated vulnerability scans without the proper resources for managing the results can inundate organizations with a flood of alerts, reports, and data logs. Collecting vast amounts of vulnerability data without effective analysis and actionable intelligence can overwhelm security teams’ decision-making. Consequently, critical vulnerabilities will go unnoticed, providing opportunities for attackers. Additionally, using multiple vulnerability scanning tools that produce inconsistent results can create further confusion and lead to delayed or ineffective remediation efforts.
For instance, in 2014, JP Morgan Chase, one of the largest financial institutions in the world, suffered a massive data breach that exposed the personal information of 76 million households and 7 million small businesses. The attackers exploited a vulnerability in one of the bank’s servers. While the bank’s security systems generated alerts about the suspicious activity, the sheer volume of alerts and lack of proper analysis led to the breach going unnoticed until it was too late.
Securin’s Recommended Best Practice: Employing advanced analytics and automation tools to sift through data to identify pertinent insights, prioritize vulnerabilities, and promptly enact remediation strategies. Alternatively, a managed cybersecurity services provider can assist in streamlining your vulnerability management process.
7. Pride: Underestimating the Human Factor
In the realm of vulnerability management, there’s a common pitfall of underestimating the human factor. This occurs when organizations become overly confident in their technology and security protocols, neglecting the crucial role of human elements in cybersecurity. Consequently, they may overlook employee awareness training, assuming that advanced technology and automated security measures alone are sufficient to ward off threats. However, it’s imperative to recognize that solely relying on AI and automation might not provide the depth of analysis and critical thinking that human expertise brings. Failing to address the human element in cybersecurity can open the door to successful phishing and social engineering attacks that exploit human vulnerabilities. Such oversights can result in severe consequences, including data breaches, financial losses, and operational disruptions.
For instance, in the July 2020 Twitter Bitcoin attack, hackers took control of Twitter accounts belonging to prominent figures, including politicians like Barack Obama, celebrities like Kim Kardashian West, entrepreneurs like Jeff Bezos and Elon Musk, and even accounts of cryptocurrency companies under the regulation of the New York State Department of Financial Services. During the breach, the attackers managed to post fraudulent messages from these compromised accounts, promoting a cryptocurrency scam promising to double users’ Bitcoin holdings. In terms of monetary losses, the hackers successfully stole over $118,000 worth of Bitcoin.
Securin’s Recommended Best Practice: Avoid underestimating the human factor; organizations should focus on comprehensive security practices. This includes regular employee training, multi-factor authentication (MFA), strict access controls, a robust incident response plan, and stringent verification for high-profile accounts. Continuous monitoring, phishing simulations, vendor assessments, and timely software updates are also vital.
In conclusion, steering clear of these seven deadly sins is a cornerstone of effective vulnerability management. We recommend that organizations take a proactive approach that encompasses prioritizing vulnerabilities for patching, using comprehensive protection, and elevating cybersecurity beyond compliance.
Additionally, by following a proactive cybersecurity approach, nurturing a collaborative defense, adopting strategic vulnerability management, and amplifying human-centric security, organizations can confidently avoid the seven deadly sins of vulnerability management on the road to cyber resilience!