Enterprise Security Weekly (Audio)

This week, we've got data security being both funded AND acquired. We discuss Lacework's fall from unicorn status and why rumors that it went to Fortinet for considerably more than Wiz was willing to pay make sense. Microsoft Recall and Apple Intelligence are the perfect bookends for a conversation about the importance of handling consumer privacy concerns at launch. How can the Snowflake breach both be one of the biggest breaches ever, but also not a breach at all (for Snowflake, at least). It's time to have a conversation about shared responsibilities, and when the line between CSP and customer needs to shift. The CSA's AI Resilience Benchmark leaves much to be desired (like, an actual usable benchmark) and Greg Linares tells a wild story about how the first Microsoft Office 2007 vulnerability was discovered. Finally, the Light Phone III was announced. Do we finally have a usable minimalist, social media detox-friendly phone option? Will Adrian have to buy one to find out? Several recent trends underscore the increasing importance of Know Your Business (KYB) practices in today's business landscape. One significant trend is the rise in financial crimes, including money laundering, fraud, and terrorist financing. Technological advancements have transformed the way businesses operate, leading to increased digitization, online transactions, and remote customer interactions. While these developments offer numerous benefits, they also create opportunities for criminals to exploit vulnerabilities. Higher value remote transactions are performed at higher volumes. In addition, government programs such as the PPP program created a need for onboarding business quickly. This created a influx of fraudulent entities and claim who are now exploiting other channels. The convergence of these trends highlights the critical role of KYB in safeguarding businesses, ensuring regulatory compliance, and fostering trust among stakeholders in today's dynamic and interconnected business environment. Segment Resources: https://files.scmagazine.com/wp-content/uploads/2024/05/idi-Identiverse-Brochure_05-2024-KYB-PRINT.pdf This segment is sponsored by IDI. Visit https://securityweekly.com/idiidv to learn more about them! From wrestling with integration complexities to managing unexpected glitches, the realities of SSO implementation can produce very different results than what you want. Are users actually using SSO to login or are they still using the direct logins they gained before enabling SSO? We explore the reasons behind why SSO efficacy isn't always what it seems and what you can do about it. This segment is sponsored by Savvy. Visit https://securityweekly.com/savvyidv for a no cost SaaS-Identity checkup! With identity being the new security perimeter, identity platforms are now an integral part of the core security stack. Inherently these platforms are complex and it takes months and years for organizations to realize the business value. And this is going to get worse. The sheer volume and velocity with which new identity types are being added, as well the sophistication of attacks on identity platforms, requires a transformational shift to Identity security and governance. 50% operational efficiency and delivering security at scale are the two big initiatives which organizations have embarked on. In this session, Vibhuti Sinha, Chief Product Officer of Saviynt will share his insights and discuss how Saviynt is at the forefront of this transformation. This segment is sponsored by Saviynt. Visit https://securityweekly.com/saviyntidv to learn more about them! Enterprises often struggle with achieving business value in identity programs. This is typically the result of technology choices that require a disproportionately greater amount of effort and focus and underestimating the workforce required for organizational change management. With 30 years in the industry and a depth of accumulated knowledge working with large, global customers and vendors, we share how to identify and realize the business value in your organization’s identity program. Segment Resources: https://files.scmagazine.com/wp-content/uploads/2024/05/SDG-IAM-Brief-1.pdf https://files.scmagazine.com/wp-content/uploads/2024/05/SDG-IAM-Modernization-Service-Brief-1-1.pdf This segment is sponsored by SDG. Visit https://securityweekly.com/sdgidv to learn more about them! In today’s increasingly complex cloud environments, ensuring continuous access to identity services is critical for maintaining business operations and security. Gerry Gebel, VP of Product and Standards at Strata Identity, will discuss the recently announced Identity Continuity product, designed to provide uninterrupted identity services even during outages. Unlike traditional disaster recovery solutions, Identity Continuity autonomously fails over to alternate identity providers, ensuring seamless access management. Join us to explore how Strata Identity is enhancing resilience in the identity management space. Segment Resources: Strata Identity Continuity Product page: https://www.strata.io/maverics-platform/identity-continuity/ State of Multi-Cloud Identity report: https://strata.io/wp-content/uploads/2023/08/State-of-multi-cloud-identity-2023_Strata-Identity.pdf Parametrix Survey = https://www.reinsurancene.ws/leading-cloud-service-providers-faced-1000-disruptions-in-2022-parametrix/ This segment is sponsored by Strata. Visit https://securityweekly.com/strataidv to learn more about them! Digital businesses are under attack from account and platform fraud, including Account Takeover (ATO), account opening fraud, and many variations of fraudulent account scams, impersonations, transactions and collusions. Learn best practices to stop fraud with better detection and prevention that can also improve customer satisfaction and operating efficiencies. This segment is sponsored by Verosint. Visit https://securityweekly.com/verosintidv to learn more about them! Visit https://www.securityweekly.com/esw for all the latest episodes! Show Notes: https://securityweekly.com/esw-365

"Identity security has been around forever though", you might be thinking. Allow me to clarify. Identity is the largest cybersecurity product category, but most of it is focused on identity governance, authentication, multi-factor, etc. Very little of it is focused on operational identity security. It's this trend, where we recently (within the last 2 years) started seeing the ITDR (Identity Threat Detection and Response) acronym that we'll be focused on today. Particularly: Why is this trend/spike occurring now? What was or is missing to do identity security properly? What does the future of securing identity look like? And it's difficult to do better for this conversation than Will Lin. He spent the last half decade as a VC. On a daily basis, he was looking at the big picture of cybersecurity markets and trends. He discussed security challenges with CISOs and other security buyers on a regular basis, both directly and through the Security Tinkerers community he founded. All this led to a decision to quit the VC world to become a founder himself. Of all the categories he could have chosen, he chose identity security, and that's why we're happy to have him for this conversation. Segment Resources: The Future of Identity AKA Identity promo video focused on the future of Identity We start off discussing the latest round of fundings, centered largely around data security and securing LLM use. This dovetails into a discussion about marketing language and how difficult it can be for buyers to work out what the latest round of early stage startups are doing. Next, we discuss Cloudflare and Bugcrowd's acquisitions, as well as Synopsys's divestiture of its appsec portfolio. From here, we dive into a raft of new features across both IT and cybersecurity products, like Azure, Dashlane, LastPass, and PagerDuty. Discussing Huntress's active remediation feature triggers a conversation about this latest product trend: vendors seem to think buyers are ready for fully automated remediation actions. We're not so sure they are. To wrap up the cybersecurity coverage, Brandon Dixon has an interesting tutorial regarding a Security Copilot use case that looks a LOT like the default phishing enrichment use case that has been used for every SOAR POC ever. To clarify, this is a great piece in that it is all practical, has no marketing fluff, and shows you how to do something useful with Security Copilot. Where it pulls up short is managing to live up to the hype we've been hearing about Security Copilot from day one. We agree to table the discussion on Microsoft Recall until we know more about what GA of the feature will look like, and then dig into a VERY interesting squirrel story about an audio-based hacking puzzle created by a rock band. The interview will delve into the healthcare industry's tumultuous year in 2023, marked by 124 million breached health records across 725 hacking incidents (according to The HIPAA Journal). This interview will explore the critical role that MSSPs play in safeguarding health data and systems against potential security incidents, such as ransomware and business email compromise attacks. Jim Broome will share how to proactively prepare for an incident - including establishing a comprehensive incident response plan, outlining strategies for containment, restoration, and ongoing security operations, and how an MSSP can help. Segment Resources: Tales from the Road Blog: An External Pen Test at a Healthcare Organization Reveals the Dangers of the Dark Web - https://www.directdefense.com/tales-from-the-road-an-external-pen-test-reveals-the-dangers-of-the-dark-web/ 2023 Security Operations Threat Report: https://go.directdefense.com/2023-Security-Operations-Threat-Report This segment is sponsored by DirectDefense. Visit https://securityweekly.com/directdefensersac to learn more about them! In the dynamic landscape of cybersecurity, the urgency to eliminate passwords as a security vulnerability has never been more critical. Organizations are continuing to face a surge in the variety and complexity of cyber threats at historical rates, often fueled by compromised employee login credentials – resulting from attacks such as phishing which has been exacerbated by the rise in use of Artificial Intelligence (AI). The 2023 Verizon Data Breach Investigations Report underscores the staggering impact of breaches caused by stolen credentials, accounting for a staggering 74% of incidents. Christopher Harrell, Yubico’s Chief Technology Officer, shares how organizations can achieve passwordless authentication at scale with high assurance phishing-resistant multi-factor authentication (MFA) to elevate their security posture against phishing attacks while creating phishing-resistant users. Segment Resources: https://www.yubico.com/blog/empowering-enterprise-security-at-scale-with-new-product-innovations-yubikey-5-7-and-yubico-authenticator-7/ https://www.yubico.com/press-releases/yubicos-key-product-innovations-empower-enterprise-security-and-phishing-resistant-passwordless-authentication-at-scale/ This segment is sponsored by Yubico. Visit https://securityweekly.com/yubicorsac to learn more about them! In this podcast segment, we delve into Sophos' fifth annual State of Ransomware report, exploring significant findings and trends in the evolving ransomware landscape. We'll discuss the sharp increase in recovery costs, the strategic targeting of backups by hackers, and the evolving role of cyber insurance in ransom payments. Our discussion will provide insights into how organizations can adapt their cybersecurity measures to mitigate these heightened threats and recover more effectively from attacks. Segment Resources: Blog: The State of Ransomware 2024 Report: https://assets.sophos.com/X24WTUEQ/at/9brgj5n44hqvgsp5f5bqcps/sophos-state-of-ransomware-2024-wp.pdf Press release: Ransomware Payments Increase 500% In the Last Year, Finds Sophos State of Ransomware Report This segment is sponsored by Sophos. Visit https://www.securityweekly.com/sophosrsac to learn more about them! Visit https://www.securityweekly.com/esw for all the latest episodes! Show Notes: https://securityweekly.com/esw-364

In this interview, join Swimlane Chief Information Security Officer, Mike Lyborg, and host Akira Brand as we discuss the value of cybersecurity marketplaces from a CISO perspective. Through insightful discussions, unpack the connection between outcomes-driven solutions and tangible business KPIs. This segment is sponsored by Swimlane. Visit https://securityweekly.com/swimlanersac to learn more about them! The past two years have witnessed an unprecedented surge in the adoption of generative artificial intelligence (AI) across various industries. And while this presents new efficiencies, with these benefits come significant security concerns. The widespread integration of AI applications increases the risk of data breaches and intellectual property theft, while also expanding organizations' vulnerability to malicious data injection and other AI-driven cyberattacks. During this interview Jim will explore why it’s imperative to implement robust security measures to mitigate these evolving risks effectively, and how working alongside an MSSP can benefit your overall security posture. Segment Resources: https://go.directdefense.com/2023-Security-Operations-Threat-Report This segment is sponsored by DirectDefense. Visit https://securityweekly.com/directdefensersac to learn more about them! In recent years, ransomware attacks have undergone a transformative evolution, shifting from indiscriminate, mass-distributed assaults to highly targeted, sophisticated campaigns. Kris Lahiri is able to discuss the dynamic landscape of ransomware and dive into the techniques he has seen cybercriminals employ, the motivations behind these attacks, and the escalating impact on individuals, businesses, and critical infrastructure. Segment Resources: https://www.egnyte.com/solutions/ransomware-detection https://www.egnyte.com/guides/governance/ransomware This segment is sponsored by Egnyte. Visit https://securityweekly.com/egnytersac to learn more about them! Show Notes: https://securityweekly.com/vault-esw-11

Organizations today are overwhelmed with the sheer magnitude of potential cybersecurity threats and there is plenty of vendor buzz around AI in Security products, but what is the reality? Threat detection and incident response (TDIR) strategy and execution have never been more critical and are essential in maintaining cyber resilience and strengthening the security posture of every organization. TDIR aims to identify potential threats and respond before they can impact a business. A layered defense focuses on identifying threat activity, prioritizing investigations, and measuring risk. As a result, organizations can take the appropriate threat mitigation steps. These security strategies and protocols signify a step forward with a TDIR strategy where everyone from the CISO to the security analyst wins. This segment is sponsored by Graylog. Visit https://securityweekly.com/graylogrsac to learn more about them! Axur is a cost-effective external cybersecurity solution that empowers security teams to handle threats beyond the perimeter. Our platform detects, inspects, and responds to brand impersonation, phishing scams, dark web mentions, threat intel vulnerabilities, and more. This segment is sponsored by Axur. Visit https://securityweekly.com/axurrsac to learn more about them! Segment Resources: https://www.axur.com/en-us/partners https://www.axur.com/en-us/outsourced-takedown https://www.axur.com/polaris/home Vendors, sales channels, partners and other kinds of third parties are essential to most businesses. Ensuring that the information security risks of those other companies don't impact your own is the remit of Third Party Cyber Risk Management (TPCRM) teams. It is increasingly evident, however, that the existing practices and tools are not up to the challenge. They make the process even more adversarial than it needs to be, are focused on risk transfer and/or acceptance rather than reduction; are based on limited and low quality signals; and are often excruciatingly manual. We can do better as an industry, and in this conversation we are going to explore a new paradigm for TPCRM and its advantages for third and first parties. Segment Resources: Alice in Supply Chains is a monthly marketing-free newsletter with curated news and commentary on TPCRM: https://www.linkedin.com/newsletters/alice-in-supply-chains-6976104448523677696/ This segment is sponsored by Tenchi Security. Visit https://securityweekly.com/tenchirsac to learn more about them! Show Notes: https://securityweekly.com/vault-esw-10

As a special treat for this week's vault episode, we set up a conversation with Derek Manky to discuss Fortinet's FortiGuard Labs Threat Report. This is a bi-annual report put out by FortiGuard Labs, and in my opinion, it just keeps getting better and better. The report is chock full of actionable information and insights. It answered all my questions about the current state of threats and attacks, like: What is the latest big shift in strategy and focus for ransomware groups? I keep hearing that attackers are getting faster and faster - how much time to defenders actually have these days (to patch a critical vuln, for example)? What are the latest attack techniques being used? Which are used less, or never used? There's not a dull moment in this conversation - I hope you enjoy listening to or watching it as much as I did making it! Segment Resources: Fortiguard Labs 2H 2023 FortiGuard Labs Threat Report Show Notes: https://securityweekly.com/vault-esw-9

Only one funding announcement this week, so we dive deep into Thoma Bravo's past and present portfolio. They recently announced a sale of Venafi to Cyberark and no one is quite sure how much of a hand they had in the LogRhythm/Exabeam merger, and whether or not they sold their stake in the process. We also have a crazy stat Ross Haleliuk spotted in Bessemer's analysis: "13 out of 14 cybersecurity companies acquired in the past year for over $100M were from Israel". Is this an anomaly? Does it just mean that Israel wasn't shy about selling when the market was down? We discuss. A number of new product announcements continue to trickle out post-RSA. We'll also discuss Sam Altman and OpenAI's decision to use Scarlett Johansson's voice against her will and what it could mean for deepfakes, advanced social engineering techniques, and general big tech sliminess. Do you know what a "product glorifier" is? How about a glowstacker? You will if you check out the second-to-last story in the show notes! See the show notes for individual descriptions on each RSAC interview. This week, we feature speakers from Sailpoint, Okta, Ping Identity, LimaCharlie, QwietAI, and Picus! Visit https://www.securityweekly.com/esw for all the latest episodes! Show Notes: https://securityweekly.com/esw-363

Suddenly SIEMs are all over the news! In a keynote presentation, Crowdstrike CEO George Kurtz talked about the company's "next-gen" SIEM. Meanwhile, Palo Alto, who was taken to task by some for not having an active presence on the RSAC expo floor, hits the headlines for acquiring IBM's SIEM product, just to shut it down! Meanwhile, LogRhythm and Exabeam merge, likely with the hopes of weathering the coming storm. The situation seems clear - there's no such thing as "best of breed" SIEM anymore. It's a commodity to be attached to the existing dominant security platforms. Are the days numbered for the older pure-play SIEM/SOAR vendors out there? Crowdstrike and Palo Alto alone could displace a lot of incumbents, even with a less than stellar product. Visit the show notes for full descriptions on each RSAC executive interview! Show Notes: https://securityweekly.com/esw-362

Tune in to hear 9 executive interviews from RSA Conference 2024, featuring speakers from Zscaler, Open Systems, Aryaka, OpenText, Hive Pro, Critical Start, Anomali, Cyware, and Pentera! Find individual descriptions for each interview on the show notes. Show Notes: https://securityweekly.com/esw-361

It's the most boring part of incident response. Skip it at your peril, however. In this interview, we'll talk to Joe Gross about why preparing for incident response is so important. There's SO MUCH to do, we'll spend some time breaking down the different tasks you need to complete long before an incident occurs. Resources 5 Best Practices for Building a Cyber Incident Response Plan This segment is sponsored by Graylog. Visit https://securityweekly.com/graylog to learn more about them!   It's the week before RSA and the news is PACKED. Everyone is trying to get their RSA announcements out all at once. We've got announcements about funding, acquisitions, partnerships, new companies, new products, new features... To make things MORE challenging, everyone is also putting out their big annual reports, like Verizon's DBIR and Mandiant's M-Trends! Finally, we've got some great essays that are worth putting on your reading list, including a particularly fun take on the Verizon DBIR by Kelly Shortridge. Visit https://www.securityweekly.com/esw for all the latest episodes! Show Notes: https://securityweekly.com/esw-360

A clear pattern with startups getting funding this week are "autonomous" products and features. Automated detection engineering Autonomously map and predict malicious infrastructure ..."helps your workforce resolve their own security issues autonomously" automated remediation automated compliance management & reporting I'll believe it when I see it. Don't get me wrong, I think we're in desperate need of more automation when it comes to patching and security decision-making. I just don't think the majority of the market has the level of confidence necessary to trust security products to automate things without a human in the loop. The way LimaCharlie is going about it, with their new bi-directional functionality they're talking up right now, might work, as detections can be VERY specific and fine-grained. We've already seen a round of fully automated guardrail approaches (particularly in the Cloud) fail, however. My prediction? Either what we're seeing isn't truly automated, or it will become a part of the product that no one uses - like Metasploit Pro licenses.   We've talked about generative AI in a general sense on our podcast for years, but we haven't done many deep dives into specific security use cases. That ends with this interview, as we discuss how generative AI can improve SecOps with Ely Kahn. Some of the use cases are obvious, while others were a complete surprise to me. Check out this episode if you're looking for some ideas! This segment is sponsored by SentinelOne. Visit https://securityweekly.com/sentinelone to learn more about them!   This is a great interview with Adam Shostack on all things threat modeling. He's often the first name that pops into people's heads when threat modeling comes up, and has created or been involved with much of the foundational material around the subject. Adam recently released a whitepaper that focuses on and defines inherent threats. Resources: Here's the Inherent Threats Whitepaper Adam's book, Threat Modeling: Designing for Security Adam's latest book, Threats: What Every Engineer Should Learn from Star Wars We mention the Okta Breach - here's my writeup on it We mention the CSRB report on the Microsoft/Storm breach, here's Adam's blog post on it And finally, Adam mentions the British Library incident report, which is here, and Adam's blog post is here Visit https://www.securityweekly.com/esw for all the latest episodes! Show Notes: https://securityweekly.com/esw-359