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Cryptocurrency and Cybersecurity: Strange Bedfellows

Cryptocurrency arrived just over a decade ago promising to revolutionize the economy as we know it. Among many other bold claims, cryto was supposed to boost trust and enhance cybersecurity by recording all transactions on blockchains, an immutable ledger that makes the participants transparent to (theoretically) hold them accountable for misbehavior and deter it as a result. Evangelists claimed that the rise of cryptocurrency would prevent a whole host of cyber and financial offenses, eliminating a major source of risk from the marketplace and wiping out huge categories of crime.

But that utopia has failed to materialize. And like so many other things born from good intentions, the actual result may be a net negative. Has cryptocurrency been good for cybersecurity? The answer is no…and it could get even worse.


Where Crypto Went Wrong

If you traced the upward trajectory of cryptocurrency, a parallel line would run alongside representing the rise of ransomware. Both have exploded over the same period, which isn’t a coincidence.

The first cracks in the claim that cryptocurrency was more secure started to show when ransomware gangs began demanding payment in Bitcoin and other tokens. In an earlier era, attackers struggled to extort direct payments from their victims because it wasn’t feasible to get cash payments and too risky to work through traditional bank accounts. Hackers had to confine themselves to stealing valuable things like credit card or social security numbers and monetizing them on the black market. It kept cyber crime in check by making it harder and less profitable…until crypto came along.

Cryptocurrencies replace traditional financial institutions like banks with digital wallets. And while the transactions in those wallets are highly transparent, the identity of the people behind them can be very opaque. With crypto, hackers could demand payments from victims and receive the money without exposing themselves (thanks to a convoluted but fascinating technique called crypto tumbling). The ability to receive ransoms without putting themselves at risk made ransomware an extremely lucrative endeavor (and quite simple too), attracting more criminals, prompting more attacks, and inflating ransomware demands, only to start the cycle over again. Ransomware hit record highs in 2021 and will again in 2022. Crypto deserves a lot of the blame.

More recently, crypto has evolved from a tool of cybercrime into a target. Hackers, in June, made off with $100 million from a blockchain bridge that facilitates crypto transfers in one instance. In another, they stole NFT’s worth $360,000 through a fairly simple phishing attack. These are just two of many attacks targeted at cypto and adjacent technologies over the last few years; $14 billion was lost in 2021 alone. Don’t expect things to slow down anytime soon.


Crypto and the Future of Cybersecurity

With just a little hindsight, it seems quite obvious that crypto would undermine cybersecurity more than anything else. These currencies have attracted many billions of dollars in investment, run on under-cooked technologies, and operate outside most regulatory frameworks. In that context, crypto looks a lot like a stagecoach full of gold traveling through remote territory – of course it attracts attackers. And of course it will continue to.

Which raises a lot of difficult questions. First and foremost, what will be left after the ongoing crypto meltdown, where coins are failing in spectacular fashion and investors are fleeing? Will crypto remain a viable and valuable target or will the concept fail and die out in coming years? There are compelling arguments on both sides.

Also important will be the evolving regulatory framework around crypto. Tougher regulations look all but inevitable, especially as more of our economic infrastructure shifts into digital spaces, but what form those regulations take and when they will arrive remains to be seen. Being treated more like traditional securities won’t necessarily make crypto less susceptible to attack, and could have the effect of making crypto less innovative around defense. My purpose is not to argue for or against crypto regulations but rather to highlight that all regulations, especially those in an emerging space, have unpredictable outcomes and unintended consequences. Regulations could make crypto more secure, or not.

Advancements in blockchain and cryptography are another important element in this equation. While they have not lived up to the hype thus far, they are still interesting concepts with plenty of room to mature. It’s not hard to imagine a scenario where crypto as we currently understand it goes away but the technologies that made it possible develop into standard cybersecurity tools. That is to say, crypto could have a lasting positive impact on cybersecurity even if it takes much longer than initially advertised.

This list of questions is hardly complete. And, quite frankly, the answers seem especially elusive. Who knows what the future of cryptocurrency looks like and whether it will be a friend or foe to cybersecurity in the end.

Time will tell. In the meantime, we need to be honest about where/how cypto helps and hurts cybersecurity and factor that into our evolving understanding of cyber risk. I’m sure there are crypto skeptics and believers both in this community. What do you think the effect of crypto has been on cybersecurity, and where does it go from here? More broadly, what does cybersecurity mean in the world of Web3?

#cryptocurrency #cybersecurity #bitcoin #blockchain #infosec #vicarius_blog

About Version 2 Digital

Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About VRX
VRX is a consolidated vulnerability management platform that protects assets in real time. Its rich, integrated features efficiently pinpoint and remediate the largest risks to your cyber infrastructure. Resolve the most pressing threats with efficient automation features and precise contextual analysis.

CISAnalysis 07 July 2022

CISA re-added CVE-2022-26925 to its list of Known Exploited Vulnerabilities this past Friday after removing it due to authentication failures caused by the May 10, 2022 Microsoft rollup update:

“After installing May 10, 2022 rollup update on domain controllers, organizations might experience authentication failures on the server or client for services, such as Network Policy Server (NPS), Routing and Remote access Service (RRAS), Radius, Extensible Authentication Protocol (EAP), and Protected Extensible Authentication Protocol (PEAP).”

CVE-2022-26925 is a Windows Local Security Authority spoofing zero-day (CWE-290)  that unauthenticated attackers can exploit remotely to escalate privileges and compromise the domain.

“An unauthenticated attacker could call a method on the LSARPC interface and coerce the domain controller to authenticate to the attacker using NTLM,” writes Microsoft in an advisory from May.

CVE-2022-26925 might cause feelings of déjà vu to anyone that remembers PetitPotam (CVE-2021-36942) from 2021.

According to Raphael John, the attributed discoverer of the new NTLM Relay vulnerability, on Twitter, “The story behind CVE-2022-26925 is no advanced reverse engineering, but a lucky accident 😉 During my pentests in January and March i saw that PetitPotam worked against the DCs.”

While this might not be an entirely new CVE, CISA has ordered it to be patched by July 22, 2022. Regarding the authentication issues related to the patch released by Microsoft, CISA has also released guidance on applying this patch and resolving the PIV/CAC authentication issues. The work around involves manually setting two registry keys that have been provided by Microsoft: the time range that a certificate can predate an account and the enforcement mode.

CISA also notes that the keys have been tested by “multiple agencies.”

#vicarius_blog #cisa_analysis

About Version 2 Digital

Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About VRX
VRX is a consolidated vulnerability management platform that protects assets in real time. Its rich, integrated features efficiently pinpoint and remediate the largest risks to your cyber infrastructure. Resolve the most pressing threats with efficient automation features and precise contextual analysis.

Just-In-Time Privileged Access: Understand this Subject

In this article, we present the concept of just-in-time privileged access, its benefits, and mode of operation, among other extremely important information on the subject. To facilitate your reading, we divided our text into topics. They are:

  • What Is Just-In-Time Privileged Access?
  • Why Is Just-In-Time Privileged Access Important for Businesses?
  • How Does It Work?
  • Type of Just-In-Time Access
  • About the Implementation
  • Just-In-Time Privileged Access and PAM: What Is the Relationship?
  • Just-In-Time Inspiration
  • About senhasegura
  • Conclusion

Enjoy the reading!

What Is Just-In-Time Privileged Access?

Just-in-time (JIT) privileged access is a method that allows organizations to reduce the attack surface, providing system and application users with only the necessary permissions to perform their tasks.

This is an extremely effective solution, since more than 80% of the vulnerabilities reported by Microsoft in recent years could have been mitigated by removing administrator permissions from users, and more than 80% of all vulnerabilities published by Microsoft would have been eliminated by removing local administrator permissions.

However, many companies neglect the necessary measures to prevent attacks and data leaks and do not follow the least privilege policy, which plays an essential role when it comes to cybersecurity.

One of the main risks, in this sense, is associated with permanent privileges, which occur when a privileged user account remains with privileged access active for 100% of the time.

In other words, these permissions remain 24 hours ready to be used, either for legitimate activities or illicit purposes.

To solve this problem, it is recommended to adopt just-in-time privileged access, which directs users to limited privileges, when it is necessary and for the shortest time necessary.

With this, one can reduce the active privilege status of an account from many hours to a few minutes and, consequently, the risks related to this privileged access.

Why Is Just-In-Time Privileged Access Important for Businesses?

Just-in-time privileged access is essential to ensure the cybersecurity of organizations, as it makes it possible to reduce the risks associated with privilege abuse and the increase of the attack surface. 

Moreover, it helps to optimize the administrator’s experience and makes it possible to maintain the workflow without interrupting it for review cycles, which usually requires a lot of waiting time.

What’s more: by reducing the number of users and privileged sessions, just-in-time privileged access improves compliance with security standards and simplifies the audit of activities carried out in the IT environment.

How Does It Work?

First of all, the user must make an access request in order to perform a privileged or simple action, if this type of privilege is provided by the implemented model. 

At this point, it will be necessary to justify the requested access and define how long they need this access, a definition that can also be established by the administrator. Then they need to wait for access approval.

With this approval, the user will receive their credentials with an expiration date and will be informed about the actions they can take during this period.

After the access time, the administrator will be able to block or delete the credentials, and if the action has not been completed, the user will have to make another request to proceed. 

It is important to note that blocking or deleting the credential does not exempt the need to keep access logs to ensure control and security of operations. We also add that, even remembering this data, the user will not have access, as its term has expired.

Types of Just-In-Time Access

There are three types of just-in-time access. They are:

  • Broker and Access Removal Approach

This type of just-in-time access makes it possible to create guidelines to require users to justify their need for privileged access and specify how long this access will be necessary.

In general, the credentials of these accounts are kept in a central vault and users use a privileged and permanent shared account. 

  • Ephemeral Accounts

In this type of permission, accounts are temporary, created to be used only once based on the principle of zero privilege. 

This means that when the action is completed, access is removed. For this reason, these accounts are described as unique. 

  • Temporary Elevation

In this case, you can temporarily elevate privileges so that users can access privileged accounts or execute privileged commands for a limited time. When this deadline expires, access is removed. 

About the Implementation

To ensure the implementation of just-in-time access in your company, you should follow some steps, such as:

  • Maintaining a privileged and permanent shared account, managing credentials centrally, so that they are alternated regularly;
  • Creating guidelines that ensure human users and machines offer explanations for connecting to target systems and applications for a limited time;
  • Recording and auditing privileged actions in ephemeral accounts and receiving alerts about unexpected behaviors;
  • Using the temporary elevation of privileges, ensuring that users can access privileged accounts or execute privileged commands for specific actions.

Just-in-time access, used to ensure the least privilege policy, is essential for Zero Trust. This model ensures organizations check who or what is trying to connect to the IT structure before allowing access, ensuring the security of sensitive data. 

Just-In-Time Privileged Access and PAM: What Is the Relationship?

Ensuring just-in-time privileged access is a concern that intensifies the work of system administrators due to a large amount of revocation of accesses and credential blocks, which can cause frequent errors. 

Therefore, an efficient way to apply this solution in your company is by automating this process through PAM (Privileged Access Management), which allows you to control privileged access to critical information.

PAM is an important tool that limits privileged access by reducing the attack surface and providing more cybersecurity for organizations of all sizes and industries. 

With it, one can adopt just-in-time privileged access, control access requests, and audit the actions taken. In practice, this tool allows establishing the level of privilege of each credential, providing users only the access they need to perform their tasks. 

We can also highlight some of the benefits of adhering to this solution:

  • Delivery of ephemeral credentials securely;
  • Revocation of these credentials after the defined deadline; and
  • Creation of accesses and provisioning of automated privileges. 

By using a PAM solution, your company can reduce the number of credentials, create provisioning for a given period, and record the access logs and recordings of the sessions performed using credentials.

Just-In-Time Inspiration

Just-in-time is based on a management philosophy applied in Toyota factories until the 1970s. This methodology was introduced by Taiichi Ohno in order to meet customer needs while minimizing waste.

In this sense, just-in-time manufacturing presents the following proposals:

  • Continuous improvement;
  • Waste disposal;
  • Kanbans, which interrupt processes that are not working;
  • Jidoka, which provides autonomy for machines to perform tasks, making employees more productive; and
  • Leveled production, which optimizes the flow of products through the industry.

Implementing this business practice requires teams to focus on the process, eliminating unnecessary actions and seeking to solve a specific problem in the best possible way. 

More recently, information security was inspired by this model to create just-in-time privileged access, aimed at eliminating unnecessary access. 

This form of data protection and critical resources makes it possible to provide access for a specific purpose for a given time, elevating privileges only in the contexts in which they are needed. 

However, for this model to be secure and easy to use, it is essential to provide an audit trail of the actions performed. 

About senhasegura

When it comes to information security, we from senhasegura are a reference. After all, we efficiently perform the job of ensuring the digital sovereignty over privileged actions and data of the organizations that hire us in more than 50 countries. 

In this way, we avoid data theft and track the actions of administrators on networks, servers, databases, and devices in general. 

We also provide compliance with audit requirements and the highest standards such as PCI DSS, Sarbanes-Oxley, ISO 27001, and HIPAA.

senhasegura offers Privileged Access Management (PAM) as one of its main solutions, which provides control over the access of sensitive data to corporations.

The great efficiency of senhasegura PAM is justified by the possibility of combining security strategies and technologies that offer the user only the indispensable access to perform their functions within a certain period.

Through senhasegura PAM, one can reduce the most diverse cybersecurity risks within an organization, as this tool reduces insider and external threats. 

Using this tool, you can rest assured your company will be protected from intentional or accidental damage, interruption of operations, loss of credibility, and incalculable losses. 

Conclusion

In this text, you saw that:

  • With just-in-time privileged access, users are able to obtain limited privileges, when they are necessary and for the shortest time possible;
  • This makes it possible to reduce the risks associated with privilege abuse and the increase of the attack surface;
  • It also allows for improving the administrator experience and maintaining the workflow, without interrupting it for review cycles;
  • To request just-in-time privileged access, the user must justify it and specify how long they need this access;
  • After the access time, the administrator may block or delete the credentials used;
  • There are three types of just-in-time access: the broker and access removal approach, ephemeral accounts, and temporary elevation;
  • Just-in-time access, used to ensure the least privilege policy, is essential for Zero Trust. To implement it, it is important to follow some steps, shared in this text;
  • An efficient way to apply this solution in a company is by automating the process through PAM;
  • Just-in-time privileged access is inspired by a management philosophy applied in Toyota factories until the 1970s.

Was this article on just-in-time privileged access useful to you? Then share it with someone else interested in the subject. 

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About Version 2 Digital

Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Segura®
Segura® strive to ensure the sovereignty of companies over actions and privileged information. To this end, we work against data theft through traceability of administrator actions on networks, servers, databases and a multitude of devices. In addition, we pursue compliance with auditing requirements and the most demanding standards, including PCI DSS, Sarbanes-Oxley, ISO 27001 and HIPAA.

802.1x: The Gold Standard of Network Authentication Protocols

What is 802.1x?

IEEE 802.1x is a standard for port-based network access control (PNAC) that determines how to manage authentication for endpoints to connect to each other on a LAN. It can be used to manage access for both wired and wireless networks. It is broadly utilized at both company headquarters and branch enterprise networks to ensure secure endpoint authentication and network access control.

How does the 802.1x protocol work?

  • Initiation: The authentication or supplicant conveys a session initiation request. A supplicant conveys an EAP-response message to the authenticator, which summarizes the message and forwards it to the authentication server.
  • Authentication: To validate several pieces of information, messages pass between the authentication server and the supplicant through the authenticator.
  • Authorization: Once the credentials are verified, the authentication server informs the authenticator to provide the supplicant access to the port.
  • Accounting: User and device details, session types, service details and session records are kept by RADIUS accounting.
  • Termination: The termination of sessions is done by disconnecting the endpoint device or using management software.

Why is 802.1x authentication important?

802.1x is the golden standard of network authentication security. It can stop over-the-air theft attacks, and is more secure than Pre-Shared Key (PSK) environments common among personal networks.

Governments, individuals, and large organizations alike all require strong network security, beginning with network authentication and access control. Securing all aspects of online data and information has become essential with the increased reliance on technology, and as corporate networks continue to expand, data security continues to be one of the most critical issues for organizations to consider.

While no network is immune to attacks, an efficient and stable network security apparatus is important to protect client data. A strong network security system helps limit the risk of falling victim to data theft and can help to guarantee that shared data across an enterprise network is securely kept.

About Version 2 Digital

Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Portnox
Portnox provides simple-to-deploy, operate and maintain network access control, security and visibility solutions. Portnox software can be deployed on-premises, as a cloud-delivered service, or in hybrid mode. It is agentless and vendor-agnostic, allowing organizations to maximize their existing network and cybersecurity investments. Hundreds of enterprises around the world rely on Portnox for network visibility, cybersecurity policy enforcement and regulatory compliance. The company has been recognized for its innovations by Info Security Products Guide, Cyber Security Excellence Awards, IoT Innovator Awards, Computing Security Awards, Best of Interop ITX and Cyber Defense Magazine. Portnox has offices in the U.S., Europe and Asia. For information visit http://www.portnox.com, and follow us on Twitter and LinkedIn.。

SafeDNS Cloud Teleport from Cisco

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No need to go through tons of meetings, NDAs, agreements and contracts to simply get a trial or a quote. There is zero paperwork involved to start working with us

Most importantly, our tech support is always online within a quick reach via chat, phone, or email. If help is needed urgently, we recommend using a chat – in the last month our specialists have taken approximately 67 seconds to reply.

SafeDNS partner program offers a centralized panel to create and manage your customers in one place with no need to login to your customer’s account in order to make changes in the settings. All you need to remember is your username and password to run all your clients.

About Version 2 Digital

Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About SafeDNS
SafeDNS breathes to make the internet safer for people all over the world with solutions ranging from AI & ML-powered web filtering, cybersecurity to threat intelligence. Moreover, we strive to create the next generation of safer and more affordable web filtering products. Endlessly working to improve our users’ online protection, SafeDNS has also launched an innovative system powered by continuous machine learning and user behavior analytics to detect botnets and malicious websites.