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New MDR service uniquely combines industry-leading Cortex XDR technology with Unit 42's advanced threat intelligence and threat hunting

SANTA CLARA, Calif., Aug. 3, 2022 /PRNewswire/ -- The need for managed detection and response (MDR) is soaring as attack surfaces grow, cloud usage skyrockets and the cybersecurity skills gap widens. Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, today introduced Unit 42 Managed Detection and Response (Unit 42 MDR) to address this need with a new service that can offer continuous 24/7 threat detection, investigation and response. This offering brings together Palo Alto Networks acclaimed Cortex XDR with Unit 42's industry-leading threat intelligence, which includes insights from incident response cases. Because Unit 42 MDR is built on Cortex XDR, it is optimized to not just prioritize alerts but also to massively reduce the number of alerts customers receive. This helps customers detect more suspicious activity than they would have otherwise.

The new Unit 42 MDR service offers customers cybersecurity experts to help identify and respond to security alerts and potential threats in real time, enabling businesses to focus SecOps personnel on other organizational security priorities.

"As cyberattacks continue to rise, many organizations are being asked to handle advanced threats with limited resources and without the right expertise. This will not lead to good results," said Wendi Whitmore, senior vice president, Palo Alto Networks Unit 42. "Palo Alto Networks Unit 42 brings a unique combination of innovative cybersecurity technologies and a world-class threat intelligence team which allows us to provide customers with rapid detection and response to critical cyberthreats."

The new Unit 42 MDR service offers customers cybersecurity experts to help identify and respond to security alerts and potential threats in real time, enabling businesses to focus security operations (SecOps) personnel on other organizational security priorities. The service provides organizations with monitoring, threat hunting and response/remediation capabilities, including:

  • Continuous Monitoring & Response: Security experts monitor alerts, events and indicators 24x7x365. The Unit 42 MDR team uses a mix of proprietary processes, infrastructure and enrichment to accelerate detection, response and threat hunting to help quickly stop malicious activity most likely to impact your organization.

  • Proactive Threat Hunting: World-class threat hunters search environments for complex attacks using deep knowledge of XDR data sources and the latest threat intelligence from Palo Alto Networks. This helps organizations stay ahead of emerging attack campaigns, malware and vulnerabilities.

  • Security Posture Optimization: Experts provide periodic health checks of an organization's posture and detailed recommendations on policy changes to help facilitate addressing risks before they become issues.

"Cyberattacks are emerging and evolving faster than ever," said Tom Osteen, CIO, Enloe Medical Center. "Intervening and addressing threats at the earliest stage is crucial. With Unit 42 MDR we have confidence that we can quickly identify and stop malicious activity to help keep our organization safe and secure."

In a exact report, IDC said, "It is not a surprise to state that organizations continue to struggle with persistent security talent shortages and the rising costs to retain these scarce security resources. Security teams with already limited resources are overwhelmed by the heavy workload and responsibility." The report also stated, "Organizations are analyzing their current risks and accelerating their security services investments to ease pressure on their teams and strengthen their overall security posture to meet the growing cyberthreats."*

About Cortex XDR:
Cortex XDR® is the world's first detection and response solution that natively integrates network, endpoint and cloud data to stop sophisticated attacks. It is designed to stop attacks with the power of AI and comprehensive data.

XDR is critical to effective security. The latest Palo Alto Networks 2022 Unit 42 Incident Response Report highlights that when a breach occurs, 44% of the cases involved a business that did not have or did not fully deploy an endpoint detection and response or XDR security solution.

Options for Cortex XDR Management:
Customers can choose to manage XDR in a number of ways. In addition to Unit 42 MDR, customers can use their own team to manage XDR or choose an XMDR Partner. Partners achieve Cortex XMDR Specialization by completing both technical and sales enablement and specialization examinations. Palo Alto Networks growing XMDR ecosystem serves customers around the world through partners who use their own particular expertise together with Cortex XDR.

About Unit 42 & Unit 42 Incident Response Services
Palo Alto Networks Unit 42 brings together world-renowned threat researchers, elite incident responders and expert security consultants to create an intelligence-driven, response-ready organization that's passionate about helping proactively manage cyber risk.

Palo Alto Networks Unit 42™ has an experienced team of security consultants with backgrounds in public and private sectors who have handled some of the largest cyberattacks in history. They manage complex cyber risks and respond to advanced threats, including nation-state attacks, advanced persistent threats, or APTs and complex ransomware investigations. Unit 42 incident response experts are available 24/7 to help clients understand the nature of the attack and then quickly contain, remediate and eradicate it. They utilize a proven methodology and battle-tested tools developed from real-world experiences investigating thousands of incidents.

More Information:
More information on Unit 42 MDR and Cortex XDR 3.4 can be found in our blog or at Black Hat from August 6–11 at the Palo Alto Networks booth: #1332.

Availability:
Unit 42 MDR and Cortex XDR 3.4 are available today globally with full support.

*IDC, Worldwide and U.S. Comprehensive Security Services Forecast, 2022–2026: Steady Growth Continues Amid Global Headwinds, Doc #US48549022, July 2022

About Palo Alto Networks
Palo Alto Networks is the world's cybersecurity leader. We innovate to outpace cyberthreats, so organizations can embrace technology with confidence. We provide next-gen cybersecurity to thousands of customers globally, across all sectors. Our best-in-class cybersecurity platforms and services are backed by industry-leading threat intelligence and strengthened by state-of-the-art automation. Whether deploying our products to enable the Zero Trust Enterprise, responding to a security incident, or partnering to deliver better security outcomes through a world-class partner ecosystem, we're committed to helping ensure each day is safer than the one before. It's what makes us the cybersecurity partner of choice.

At Palo Alto Networks, we're committed to bringing together the very best people in service of our mission, so we're also proud to be the cybersecurity workplace of choice, recognized among Newsweek's Most Loved Workplaces (2021), Comparably Best Companies for Diversity (2021)and HRC Best Places for LGBTQ Equality (2022). For more information, visit www.paloaltonetworks.com.

Palo Alto Networks, Cortex, Unit 42, and the Palo Alto Networks logo are registered trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. Any unreleased services or features (and any services or features not generally available to customers) referenced in this or other press releases or public statements are not currently available (or are not yet generally available to customers) and may not be delivered when expected or at all. Customers who purchase Palo Alto Networks applications should make their purchase decisions based on services and features currently generally available.

Palo Alto Networks logo (PRNewsFoto/Palo Alto Networks, Inc.) (PRNewsfoto/Palo Alto Networks, Inc.)

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SOURCE Palo Alto Networks, Inc.

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Killexams : Palo Alto Networks Unit 42 Incident Response Report Reveals that Phishing and Software Vulnerabilities Cause Nearly 70% of Cyber Incidents

The 2022 Unit 42 Incident Response Report reveals trends, future implications and offers recommendations based on data gathered from a year's worth of investigations

SANTA CLARA, Calif., July 26, 2022 /PRNewswire/ -- According to a new report from Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, the heavy use of software vulnerabilities matches the opportunistic behavior of threat actors who scour the internet for vulnerabilities and weak points on which to focus. The 2022 Unit 42 Incident Response Report offers a multitude of insights gleaned from Unit 42 by Palo Alto Networks extensive incident response (IR) work, leveraging a sampling of over 600 Unit 42 IR cases, to help CISOs and security teams understand the greatest security risks they face, and where to prioritize resources to reduce them.

In the report, Unit 42 identified that finance and real estate were among the industries that received the highest average ransom demands, with an average demand of nearly $8 million and $5.2 million, respectively. Overall, ransomware and business email compromise (BEC) were the top incident types that the Incident Response team responded to over the past 12 months, accounting for approximately 70% of incident response cases.

"Right now, cybercrime is an easy business to get into because of its low cost and often high returns. As such, unskilled, novice threat actors can get started with access to tools like hacking-as-a-service becoming more popular and available on the dark web," said Wendi Whitmore, SVP and head of Unit 42 at Palo Alto Networks. "Ransomware attackers are also becoming more organized with their customer service and satisfaction surveys as they engage with cybercriminals and the victimized organizations:

Key trends covered in the report include:

Ransomware
A new ransomware victim is posted on leak sites every four hours. Identifying ransomware activity early is critical for organizations. Typically, ransomware actors are only discovered after files are encrypted, and the victim organization receives a ransom note. Unit 42 has identified that the median dwell time — meaning the time threat actors spend in a targeted environment before being detected — observed for ransomware attacks was 28 days. Ransom demands have been as high as $30 million, and genuine payouts have been as high as $8 million, a steady increase compared to the findings of the 2022 Unit 42 Ransomware Report. Increasingly, affected organizations can also expect threat actors to use double extortion, threatening to publicly release sensitive information if a ransom isn't paid.

BEC
Cybercriminals used a variety of techniques in business email compromise wire-fraud schemes. Forms of social engineering, such as phishing, offer an easy and cost-effective way to gain covert access while maintaining a low risk of discovery. According to the report, in many cases cybercriminals are simply asking their unwitting targets to hand over their credentials — and getting them. Once they have access, the median dwell time for BEC attacks was 38 days, and the average amount stolen was $286,000.

Affected Industries
Attackers follow the money when it comes to targeting industries; however, many attackers are opportunistic, simply scanning the internet in search of systems where they can leverage known vulnerabilities. Unit 42 identified the top affected industries in incident response cases as finance, professional and legal services, manufacturing, healthcare, high tech, and wholesale and retail. Organizations within these industries store, transmit and process high volumes of monetizable sensitive information that attracts threat actors.

The report also reveals some statistics from IR cases that cyberattackers don't want you to know:

  • The top three initial access vectors used by threat actors were phishing, exploitation of known software vulnerabilities and brute-force credential attacks focused primarily on remote desktop protocol (RDP). Combined, these attack vectors make up 77% of the suspected root causes for intrusions.
  • ProxyShell accounted for more than half of all vulnerabilities exploited for initial access at 55%, followed by Log4J (14%), SonicWall (7%), ProxyLogon (5%) and Zoho ManageEngine ADSelfService Plus (4%).
  • In half of all IR cases, our investigators discovered that organizations lacked multifactor authentication on critical internet-facing systems, such as corporate webmail, virtual private network (VPN) solutions or other remote access solutions.
  • In 13% of cases, organizations had no mitigations in place to ensure account lockout for brute-force credential attacks.
  • In 28% of cases, having poor patch management procedures contributed to threat actor success.
  • In 44% of cases, organizations did not have an endpoint detection and response (EDR) or extended detection and response (XDR) security solution, or it was not fully deployed on the initially impacted systems to detect and respond to malicious activities.
  • 75% of insider threat cases involved a former employee

Unit 42 Incident Response Services
Palo Alto Networks Unit 42 has an experienced team of security consultants with backgrounds in public and private sectors who have handled some of the largest cyberattacks in history. They manage complex cyber risks and respond to advanced threats, including nation-state attacks, advanced persistent threats, or APTs, and complex ransomware investigations. Unit 42 incident response experts are available 24/7 to help clients understand the nature of the attack and then quickly contain, remediate and eradicate it. They utilize a proven methodology and battle-tested tools developed from real-world experiences investigating thousands of incidents.

Further detail on future predictions, tips to stay safe, additional data points and more can be found in the "2022 Unit 42 Incident Response Report," which can be downloaded on the Palo Alto Networks website. A summary of the report is available on the Unit 42 blog.

About Unit 42
Palo Alto Networks Unit 42 brings together world-renowned threat researchers, elite incident responders and expert security consultants to create an intelligence-driven, response-ready organization that's passionate about helping you proactively manage cyber risk. Together, our team serves as your trusted advisor to help assess and test your security controls against the right threats, transform your security strategy with a threat-informed approach and respond to incidents in record time so that you get back to business faster. Visit paloaltonetworks.com/unit42.

About Palo Alto Networks
Palo Alto Networks is the world's cybersecurity leader. We innovate to outpace cyberthreats, so organizations can embrace technology with confidence. We provide next-gen cybersecurity to thousands of customers globally, across all sectors. Our best-in-class cybersecurity platforms and services are backed by industry-leading threat intelligence and strengthened by state-of-the-art automation. Whether deploying our products to enable the Zero Trust Enterprise, responding to a security incident, or partnering to deliver better security outcomes through a world-class partner ecosystem, we're committed to helping ensure each day is safer than the one before. It's what makes us the cybersecurity partner of choice.

At Palo Alto Networks, we're committed to bringing together the very best people in service of our mission, so we're also proud to be the cybersecurity workplace of choice, recognized among Newsweek's Most Loved Workplaces (2021), Comparably Best Companies for Diversity (2021), and HRC Best Places for LGBTQ Equality (2022). For more information, visit www.paloaltonetworks.com.

Palo Alto Networks and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. Any unreleased services or features (and any services or features not generally available to customers) referenced in this or other press releases or public statements are not currently available (or are not yet generally available to customers) and may not be delivered when expected or at all. Customers who purchase Palo Alto Networks applications should make their purchase decisions based on services and features currently generally available.

Palo Alto Networks logo (PRNewsFoto/Palo Alto Networks, Inc.) (PRNewsfoto/Palo Alto Networks, Inc.)

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SOURCE Palo Alto Networks, Inc.

Mon, 25 Jul 2022 23:00:00 -0500 en-US text/html https://www.klfy.com/business/press-releases/cision/20220726SF26932/palo-alto-networks-unit-42-incident-response-report-reveals-that-phishing-and-software-vulnerabilities-cause-nearly-70-of-cyber-incidents/
Killexams : Palo Alto Networks Unit 42 Incident Response Report Reveals that Phishing and Software Vulnerabilities Cause Nearly 70% of Cyber Incidents

The 2022 Unit 42 Incident Response Report reveals trends, future implications and offers recommendations based on data gathered from a year's worth of investigations

SANTA CLARA, Calif., July 26, 2022 /PRNewswire/ -- According to a new report from Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, the heavy use of software vulnerabilities matches the opportunistic behavior of threat actors who scour the internet for vulnerabilities and weak points on which to focus. The 2022 Unit 42 Incident Response Report offers a multitude of insights gleaned from Unit 42 by Palo Alto Networks extensive incident response (IR) work, leveraging a sampling of over 600 Unit 42 IR cases, to help CISOs and security teams understand the greatest security risks they face, and where to prioritize resources to reduce them.

In the report, Unit 42 identified that finance and real estate were among the industries that received the highest average ransom demands, with an average demand of nearly $8 million and $5.2 million, respectively. Overall, ransomware and business email compromise (BEC) were the top incident types that the Incident Response team responded to over the past 12 months, accounting for approximately 70% of incident response cases.

"Right now, cybercrime is an easy business to get into because of its low cost and often high returns. As such, unskilled, novice threat actors can get started with access to tools like hacking-as-a-service becoming more popular and available on the dark web," said Wendi Whitmore, SVP and head of Unit 42 at Palo Alto Networks. "Ransomware attackers are also becoming more organized with their customer service and satisfaction surveys as they engage with cybercriminals and the victimized organizations:

Key trends covered in the report include:

Ransomware
A new ransomware victim is posted on leak sites every four hours. Identifying ransomware activity early is critical for organizations. Typically, ransomware actors are only discovered after files are encrypted, and the victim organization receives a ransom note. Unit 42 has identified that the median dwell time — meaning the time threat actors spend in a targeted environment before being detected — observed for ransomware attacks was 28 days. Ransom demands have been as high as $30 million, and genuine payouts have been as high as $8 million, a steady increase compared to the findings of the 2022 Unit 42 Ransomware Report. Increasingly, affected organizations can also expect threat actors to use double extortion, threatening to publicly release sensitive information if a ransom isn't paid.

BEC
Cybercriminals used a variety of techniques in business email compromise wire-fraud schemes. Forms of social engineering, such as phishing, offer an easy and cost-effective way to gain covert access while maintaining a low risk of discovery. According to the report, in many cases cybercriminals are simply asking their unwitting targets to hand over their credentials — and getting them. Once they have access, the median dwell time for BEC attacks was 38 days, and the average amount stolen was $286,000.

Affected Industries
Attackers follow the money when it comes to targeting industries; however, many attackers are opportunistic, simply scanning the internet in search of systems where they can leverage known vulnerabilities. Unit 42 identified the top affected industries in incident response cases as finance, professional and legal services, manufacturing, healthcare, high tech, and wholesale and retail. Organizations within these industries store, transmit and process high volumes of monetizable sensitive information that attracts threat actors.

The report also reveals some statistics from IR cases that cyberattackers don't want you to know:

  • The top three initial access vectors used by threat actors were phishing, exploitation of known software vulnerabilities and brute-force credential attacks focused primarily on remote desktop protocol (RDP). Combined, these attack vectors make up 77% of the suspected root causes for intrusions.

  • ProxyShell accounted for more than half of all vulnerabilities exploited for initial access at 55%, followed by Log4J (14%), SonicWall (7%), ProxyLogon (5%) and Zoho ManageEngine ADSelfService Plus (4%).

  • In half of all IR cases, our investigators discovered that organizations lacked multifactor authentication on critical internet-facing systems, such as corporate webmail, virtual private network (VPN) solutions or other remote access solutions.

  • In 13% of cases, organizations had no mitigations in place to ensure account lockout for brute-force credential attacks.

  • In 28% of cases, having poor patch management procedures contributed to threat actor success.

  • In 44% of cases, organizations did not have an endpoint detection and response (EDR) or extended detection and response (XDR) security solution, or it was not fully deployed on the initially impacted systems to detect and respond to malicious activities.

  • 75% of insider threat cases involved a former employee

Unit 42 Incident Response Services
Palo Alto Networks Unit 42 has an experienced team of security consultants with backgrounds in public and private sectors who have handled some of the largest cyberattacks in history. They manage complex cyber risks and respond to advanced threats, including nation-state attacks, advanced persistent threats, or APTs, and complex ransomware investigations. Unit 42 incident response experts are available 24/7 to help clients understand the nature of the attack and then quickly contain, remediate and eradicate it. They utilize a proven methodology and battle-tested tools developed from real-world experiences investigating thousands of incidents.

Further detail on future predictions, tips to stay safe, additional data points and more can be found in the "2022 Unit 42 Incident Response Report," which can be downloaded on the Palo Alto Networks website. A summary of the report is available on the Unit 42 blog.

About Unit 42
Palo Alto Networks Unit 42 brings together world-renowned threat researchers, elite incident responders and expert security consultants to create an intelligence-driven, response-ready organization that's passionate about helping you proactively manage cyber risk. Together, our team serves as your trusted advisor to help assess and test your security controls against the right threats, transform your security strategy with a threat-informed approach and respond to incidents in record time so that you get back to business faster. Visit paloaltonetworks.com/unit42.

About Palo Alto Networks
Palo Alto Networks is the world's cybersecurity leader. We innovate to outpace cyberthreats, so organizations can embrace technology with confidence. We provide next-gen cybersecurity to thousands of customers globally, across all sectors. Our best-in-class cybersecurity platforms and services are backed by industry-leading threat intelligence and strengthened by state-of-the-art automation. Whether deploying our products to enable the Zero Trust Enterprise, responding to a security incident, or partnering to deliver better security outcomes through a world-class partner ecosystem, we're committed to helping ensure each day is safer than the one before. It's what makes us the cybersecurity partner of choice.

At Palo Alto Networks, we're committed to bringing together the very best people in service of our mission, so we're also proud to be the cybersecurity workplace of choice, recognized among Newsweek's Most Loved Workplaces (2021), Comparably Best Companies for Diversity (2021), and HRC Best Places for LGBTQ Equality (2022). For more information, visit www.paloaltonetworks.com.

Palo Alto Networks and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. Any unreleased services or features (and any services or features not generally available to customers) referenced in this or other press releases or public statements are not currently available (or are not yet generally available to customers) and may not be delivered when expected or at all. Customers who purchase Palo Alto Networks applications should make their purchase decisions based on services and features currently generally available.

Palo Alto Networks logo (PRNewsFoto/Palo Alto Networks, Inc.) (PRNewsfoto/Palo Alto Networks, Inc.)

Cision

View original content to get multimedia:https://www.prnewswire.com/news-releases/palo-alto-networks-unit-42-incident-response-report-reveals-that-phishing-and-software-vulnerabilities-cause-nearly-70-of-cyber-incidents-301593041.html

SOURCE Palo Alto Networks, Inc.

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