Threats include phishing trends due to pandemic, ransomware and critical security supply chain weaknesses

Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that delivers advanced design and validation solutions to help accelerate innovation to connect and secure the world, today announced its fourth Keysight Security Report. The 2021 report features network security trends over the past year from Keysight’s Application and Threat Intelligence (ATI) Research Center and highlights three areas of critical concern to network security.

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Ransomware attacks launched in 2020 (Source: Keysight Technologies’ Application Threat and Intelligence, Keysight Security Report 2020)

The report draws on Keysight’s in-depth experience in network security testing, as well as the company’s expertise in network and cloud visibility. The elite, globally distributed team of dedicated cybersecurity professionals that make up Keysight’s ATI Research Center monitor and analyze evolving indicators that threaten the security of enterprise IT networks. This team leverages input to the research process from multiple sources, including honeypots placed worldwide which actively seek threats in the wild, independent research by the team, international exploit databases, the Dark Web, scans of security news alerts and crowdsourcing, as well as social media and partner feeds.

“This report combines lessons learned in 2020 with impactful insights for network security professionals for 2021. Both the data and insights are based on research conducted by Keysight’s Application and Threat Intelligence (ATI) Research Center,” said Scott Register, vice president, security solutions for Keysight. “Cybercrime did not take a holiday during the pandemic. Cyber criminals leveraged phishing, ransomware and supply chain vector attacks to strike networks for financial gain. We believe that these network security trends will continue in 2021.”

Three trends characterized cybercrime for most of 2020:

• Phishing attacks increased by 62 percent. Keysight research shows that there was a 62 percent increase in phishing attacks in 2020 over 2019. In fact, there was rapid increase in these attacks when the pandemic took center stage in March and April as social engineering attacks were related to the pandemic.
• Monetary gain took center stage as a key cybercrime motivator. There was a huge uptick in the deployment of ransomware starting in June. While this trend was directed across all industries, healthcare was hit especially hard. 59 percent of the attacks occurred during the second half of 2020.
• Supply chain attacks hit the headlines with the SolarWinds attack. The supply chain continues to be a weakness and the SolarWinds attack reinforced the need for security architects to embrace a holistic and comprehensive approach.

Strategic Insights from the Keysight Security Report, 2021

Strategic Insight #1: Phishing and additional social engineering attacks will continue to take advantage of pandemic-related headlines. Keysight’s recommendation: People need to recognize social engineering vaccination scams and network security teams must be aware that bad actors target personally identifiable information (PII) in a healthcare and government setting.

Strategic Insight #2: Ransomware is highly popular because it makes a lot of money for bad actors. While it’s not going away, business models continue to mutate along with malware variants. Keysight’s recommendation: It’s critical to keep enterprise threat detection systems up-to-date with the latest signatures and behavioral patterns, as ransomware builders are getting better at obfuscation and avoiding detection. In addition, network security teams should also be aware that exploitation practices evolve.

Strategic Insight #3: An organization’s supply chain is more than just components. There is a tendency to think of a supply chain as outside entities that either supply a company with software and hardware components or the supplies used when building a product. Keysight’s recommendation: The supply chain is critical to the operation of a business, including utilities, email, cloud providers and even coffee suppliers. Network security must consider non-traditional components that may touch an organization and IT systems.

Strategic Insight #4: Zero-trust is more than just a buzzword. It does not mean limiting what users can see when they connect to an organization’s network. Keysight’s recommendation: A successful zero-trust implementation requires that systems and users can only access the internal or external resources that they absolutely need.

Strategic Insight #5: Assume an organization is breached and behaves accordingly. Keysight’s recommendation: Organizations need visibility into their networks and cloud resources. If network security teams cannot spot anomalies hiding in their network (whether on-premises, in the cloud, or a remote user), then they are allowing breaches to remain undetected indefinitely.

An editorial abstract of this report is available in Keysight’s newsroom: www.keysight.com/find/security-report-2020

For a full copy of the fourth annual Keysight Security Report, go here: https://www.keysight.com/us/en/assets/3121-1093/white-papers/Keysight-Technologies-2021-Security-Report.pdf

About Keysight Technologies

Keysight delivers advanced design and validation solutions that help accelerate innovation to connect and secure the world. Keysight’s dedication to speed and precision extends to software-driven insights and analytics that bring tomorrow’s technology products to market faster across the development lifecycle, in design simulation, prototype validation, automated software testing, manufacturing analysis, and network performance optimization and visibility in enterprise, service provider and cloud environments. Our customers span the worldwide communications and industrial ecosystems, aerospace and defense, automotive, energy, semiconductor and general electronics. Keysight generated revenues of $4.2B in fiscal year 2020. For more information about Keysight Technologies (NYSE: KEYS), visit us at www.keysight.com

Additional information about Keysight Technologies is available in the newsroom at https://www.keysight.com/go/news and on Facebook, LinkedIn, Twitter and YouTube.

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Keysight Releases Fourth Security Report Highlighting Three Critical Areas of Concern to Network Security. Threats include #phishing trends due to #pandemic, #ransomware and critical security supply chain weaknesses