Newsletter August 2024

This quarterly newsletter is your essential guide to navigating the ever-evolving cybersecurity landscape. Inside, discover a comprehensive analysis of the identity attack surface's vulnerabilities, delve into Silverfort's Identity Underground Report, and join Darktrace in revolutionising cybersecurity through their POV Reward Program.

Additionally, explore Sektor’s Top 5 Cyber Insights, enjoy some light-hearted moments with our Quarterly Cyber Geek Giggles, and don't miss SEKTOR CYBER HOT-SEAT! In this episode, we sit down with Geoff Schomburgk, Regional Vice President for Yubico in the Asia Pacific & Japan region, for a rapid-fire Q&A.

Stay secure and informed with Sektor Cyber Pulse.

SEKTOR CYBER HOT-SEAT

10 Questions with Geoff Shomburgk from Yubico

Welcome to SEKTOR CYBER HOT-SEAT! In this episode, we sit down with Geoff Schomburgk, Regional Vice President for Yubico in the Asia Pacific & Japan region, for a rapid-fire Q&A. Geoff discusses Yubico’s innovative products, what sets them apart, the inspiration behind the YubiKey, and the sectors that rely on their products.

He also shares tips for personal cybersecurity, the risks of password-only authentication, debunks myths about hardware security keys, and provides insights into future cybersecurity trends. Don't miss this insightful conversation packed with valuable information and expert advice!

COMPREHENSIVE ANALYSIS OF THE IDENTITY ATTACK SURFACE'S VULNERABILITIES

Silverfort's Identity Underground Report

After analysing authentication telemetry and configuration data from hundreds of production environments, Silverfort researchers compiled a list of security gaps, or Identity Threat Exposures (ITEs), that attackers exploit to launch identity-based attacks.

With this research, Silverfort has released their new report, The Identity Underground Report, which provides a comprehensive analysis of the identity attack surface's inherent weaknesses.

Some highlights include:

• 67% of organisations expose their SaaS apps to compromise with insecure on-prem password sync.

• 47% of all users are service accounts with high access privileges and low visibility.

• 13% of user accounts are stale and do not perform any activity, allowing attackers to compromise them and evade detection.

JOIN DARKTRACE IN REVOLUTIONISING CYBERSECURITY AND GET REWARDED ALONG THE WAY!

Darktrace POV Reward Program

Darktrace offers the only AI in cybersecurity that adapts to each client's unique business, securing data in ways others cannot. Darktrace is excited to partner with organisations to help their accounts understand this advanced technology.

As part of this initiative, an immediate reward is available:

For every qualified Proof of Value (POV), participants will earn a USD $150 gift card.

The Darktrace Proof of Value (POV) is a 30-day free trial of Darktrace's Cyber AI Loop, designed to quickly demonstrate the value of Self-Learning AI in protecting customers' organisations from cyber disruption. This trial allows customers to experience how Darktrace operates within their digital environment, providing protection across cloud, network, or email platforms.

Join Darktrace in revolutionising cybersecurity and get rewarded along the way!

THINK BEFORE YOU LINK!

Sektor's Top 5 Cyber Insights

	Password Woes The most common password is still "123456", followed closely by "password". Despite warnings, many people continue to use easily guessable passwords.
	Global Cybercrime Costs Cybercrime is estimated to cost the global economy over $1 trillion, with losses expected to rise to $10.5 trillion annually by 2025.
	Skills Shortage There is a significant shortage of cybersecurity professionals worldwide, with millions of unfilled positions expected over the next few years.
	Cybersecurity Spending Businesses and governments are increasing their cybersecurity budgets, with global spending on cybersecurity expected to exceed $200 billion annually by 2024.
	The Cost of Data Breaches The average cost of a data breach for a company is estimated to be around $3.92 million globally. This includes direct costs such as investigations, legal fees, and regulatory fines, as well as indirect costs like reputation damage and customer churn.

Quarterly Cyber Geek Giggles

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