ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Elastic Global Threat Report 2023 Reveals Dominance of Ransomware

Increases in ransomware, commercial off-the-shelf malware, and attacks against cloud service providers create new challenges for cybersecurity teams

Elastic® (NYSE: ESTC) ("Elastic"), the company behind Elasticsearch®, today announced its second Elastic Global Threat Report, issued by Elastic Security Labs. Based on observations from more than 1 billion data points over the last 12 months, the report reveals ransomware is expanding and diversifying; more than half of all observed malware infections were on Linux systems; and credential access techniques have become an essential part of the cloud intrusion process.

Key findings from the report include:

Malware Trends

The majority of malware observed was composed of a small number of highly prevalent ransomware families and commercial off-the-shelf (COTS) tools. As financially motivated threat communities adopt or offer malware-as-a-service (MaaS) capabilities, enterprises should heavily invest in developing security functions with broad visibility of low-level behaviors to expose previously undiscovered threats.

  • BlackCat, Conti, Hive, Sodinokibi and Stop are the most prevalent ransomware families we identify through signatures, amounting to about 81% of all ransomware activity.
  • COTS malware capabilities like Metasploit and Cobalt Strike represented 5.7% of all signature events. On Windows, these families amounted to about 68% of all infection attempts.
  • Around 91% of malware signature events came from Linux endpoints, while Windows endpoints accounted for only about 6%.

Endpoint Behavior Trends

The most sophisticated threat groups evade security by withdrawing to edge devices, appliances, and other platforms where visibility is at its lowest. As never before, the report highlights the need for enterprises to evaluate the tamper-resistant nature of their endpoint security sensors and consider monitoring projects to track vulnerable device drivers used to disable security technologies. In addition, organizations with large Windows environments should track vulnerable device drivers to disable these essential technologies.

  • When looked at together, Execution and Defense Evasion make up more than 70% of all endpoint alerts.
  • Elastic observed the most discreet techniques on Windows endpoints, being the top target by adversaries with 94% of all endpoint behavior alerts, followed by macOS at 3%.
  • macOS-specific credential dumping was responsible for an astounding 79% of all credentials access techniques by adversaries, an increase of approximately 9% since last year. Of these attempts, we observed that Windows environments where ProcessDump.exe, WriteMiniDump.exe, and RUNDLL32.exe were used more than 78% of the time.

Cloud Security Trends

As enterprises increasingly migrate on-premises resources to hybrid or entirely cloud-based environments, threat actors are taking advantage of misconfigurations, lax access controls, unsecured credentials, and no functional principle of least privilege (PoLP) models. Organizations can dramatically reduce the risk of compromise by implementing the security features that their cloud providers already support and monitoring for common credential abuse attempts.

  • For Amazon Web Services, Elastic observed defense evasion (38%), credential access (37%), and execution (21%) as the most common tactics mapped to threat detection signals.
  • 53% of credential access events were tied to compromised legitimate Microsoft Azure accounts.
  • Microsoft 365 experienced a high rate of credential access signals, accounting for 86%.
  • 85% of Google Cloud threat detection signals were related to defense evasion.
  • Discovery accounted for approximately 61% of all Kubernetes-specific signals, predominantly related to unexpected service account requests that were denied.

“Today’s threat landscape is truly borderless, as adversaries morph into criminal enterprises focused on monetizing their attack strategies,” said Jake King, head of security intelligence and director of engineering at Elastic. “Open source, commodity malware, and the use of AI have lowered the barrier to entry for attackers, but we’re also seeing the rise of automated detection and response systems that enable all engineers to better defend their infrastructures. It’s a cat-and-mouse game, and our strongest weapons are vigilance and the continued investment in new defense technologies and strategies.”

Additional Resources

Download the report

Read the blog

Join the webinar

About the Report

The 2023 Elastic Global Threat Report is a summary of observations distilled down to a small number of distinct categories. The report is based on Elastic telemetry, public, and third-party data voluntarily submitted to surface threats based on observations from more than 1 billion data points over the last 12 months. All information has been responsibly sanitized where applicable to protect the identities of those involved.

About Elastic

Elastic (NYSE: ESTC) is a leading platform for search-powered solutions. Elastic understands it's the answers, not just the data. The Elasticsearch platform enables anyone to find the answers they need in real-time using all their data, at scale. Elastic delivers complete, cloud-based, AI-powered solutions for enterprise security, observability and search built on the Elasticsearch platform, the development platform used by thousands of companies, including more than 50% of the Fortune 500. Learn more at elastic.co

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.