Cyber warfare is here to stay and every organization is a target…

Published: Monday, 29 August 2022 13:32

Venafi has published the findings of new research that evaluates the security impact of the increasing number of nation-state attacks and recent shifts in geopolitics. The survey of over 1,100 security decision makers globally found that 66 percent of organizations have changed their cyber security strategy as a direct response to the conflict between Russia and Ukraine. Additionally, nearly two-thirds (64 percent) suspect that their organization has been either directly targeted or impacted by a nation-state cyberattack.

Other key findings from the research include:

“Cyberwar is here. It doesn’t look like the way some people may have imagined that it would, but security professionals understand that any business can be damaged by nation-states.  The reality is that geopolitics and kinetic warfare now must inform cyber security strategy,” said Kevin Bocek, vice president, security strategy and threat intelligence at Venafi. “We’ve known for years that state-backed APT groups are using cybercrime to advance their nations’ wider political and economic goals. Everyone is a target, and unlike a kinetic warfare attack, only you can defend your business against nation-state cyber attacks. There is no cyber-Iron Dome or cyber-NORAD. Every CEO and board must recognize that cyber security is one of the top three business risks for everyone, regardless of industry.”

Venafi research into the methods used by nation-state threat actors shows the use of machine identities is growing in state-sponsored cyber attacks. The digital certificates and cryptographic keys that serve as machine identities are the foundation of security for all secure digital transactions. Machine identities are used by everything from physical devices and to software to communicate securely.

Venafi research has also found that Chinese APT groups are conducting cyber espionage to advance China’s international intelligence, while North Korean groups are funneling the proceeds of cybercrime directly to their country’s weapons programs. The SolarWinds attack - which compromised thousands of companies by exploiting machine identities to create backdoors and gain trusted access to key assets - is a prime example of the scale and scope of nation-state attacks that leverage compromised machine identities.

Russia’s recent HermeticWiper attack, which breached numerous Ukrainian entities just days before Russia’s invasion of the country, used code signing to authenticate malware in a recent example of machine identity abuse by nation-state actors.

“Nation-state attacks are highly sophisticated, and they often use techniques that haven’t been seen before. This makes them extremely difficult to defend against if protections aren’t in place before they happen,” continued Bocek. “Because machine identities are regularly used as part of the kill chain in nation-state attacks, every organization needs to step up their game. Exploiting machine identities is becoming the modus operandi for nation-state attackers.”

About the research

Conducted by Sapio in July 2022, Venafi’s study evaluated the opinions of 1,101 security decision makers across the United States, United Kingdom, France, Germany, Benelux (Belgium, Netherlands, Luxembourg) and Australia.

More details.