InfoSecBulletin Cybersecurity for mankind
The FBI is requesting more than $63 million in new funding to fight cyber threats in 2024.
On the docket was foreign intelligence threats, violent crime, human trafficking, and more, but the director wasted no time getting to cyber. Barely 20 seconds into his opening statement, he launched into the problem of cyber threats to America, using China as a measuring stick.
AWS Patches Multiple Vulns in WorkSpaces, AppStream 2.0
Malware Trends Review 2024: Ever Recorded Cyber Threats
Botnet Exploits 13,000 MikroTik Devices Abusing Misconfigured DNS
CVE-2024-9042
Code Execution Vulnerability Found in Kubernetes Windows Nodes
Hacker leaked 15k config files and VPN passwords of FortiGate firewall device
Registration open for 1st Agile Cyber Drill 2025
30 Days to Go for FutureCrime Summit 2025
Microsoft January 2025 Patch, 159 Vuls, 10 Critical RCE’s
CVE-2023-37936
Fortinet released update for a critical cryptographic key vuln
Millions of Accounts Vulnerable due to Google’s OAuth Flaw
“A key part of the Chinese government’s multi-pronged strategy to lie, cheat, and steal their way to surpassing us as the global superpower is cyber,” Wray told the committee. “To give you a sense of what we’re up against, if each one of the FBI’s cyber agents and intel analysts focused exclusively on the China threat, Chinese hackers would still outnumber FBI Cyber personnel by at least 50 to 1.”
To help even the odds, the FBI request includes an additional 192 positions — 31 special agents, 8 intelligence analysts, and 153 other staff — plus $63.4 million “to enhance cyber information-sharing abilities and increase cyber tools and capacities,” according to Wray’s statement for the record. In addition, the request includes 4 jobs and an additional $27.2 million “to help protect internal FBI networks.”
Will 90 million in new funding enable the FBI to make a meaningful dent in the worlds of cybercrime and nation-state APTs?
Can the FBI Help Clean Up Cyberspace?
The FBI has “a lot of very interesting capabilities and creative approaches to cyber,” says Rex Booth, CISO at SailPoint. He witnessed the agency’s work up close in his former capacities as chief of cyber threat analysis and senior advisor for CISA, as well as director of stakeholder engagement for the office of the national cyber director at the White House. “A lot of those impacts aren’t going to be publicly visible,” he admits, due to the nature of how government agencies operate, “but they’re real.”
And, increasingly, they are publicly visible. In recent months, the federal government has made headlines with takedowns of some of the world’s biggest cybercrime rings and most dangerous threat actors.
“The FBI’s ongoing efforts have produced profound impacts in the last few years,” says Steve Stone, head of Rubrik Zero Labs. In light of that, $63 million feels like a drop in the bucket. “This is a handful of intrusions when it comes down to victim costs,” he says, “and would likely produce far more than it would cost to fund.”
Booth agrees. “The FBI is uniquely positioned to look into US-based cloud infrastructure that is increasingly used by adversaries to hide from the NSA. We need a well-funded FBI to cover this Achilles heel.”
However, Booth points out, it’s not all about the money.
The Role of the Private Sector
“The FBI is challenged to meet the needs of cyber victims,” Booth says, citing how “their approach to incident response can be so disruptive to victim organizations that victims are reluctant to call in the first place. Funding will help, but victims need an approach that fosters recovery rather than treating their networks and systems like a crime scene for evidence collection.”
Just as the FBI will have to learn to deal better with targeted organizations, so too will targeted organizations need to learn to help the FBI.
“As a law enforcement agency, the FBI culturally gravitates towards putting bad guys behind bars,” Booth explains. “To make that happen, they need evidence. Enterprises can help by collecting the right kinds of records, logs, and artifacts that investigators need — and by proactively making them available when they come across something interesting.”
Wray emphasized the importance of collaboration in his statement, noting how “we have been putting a lot of energy and resources into all those partnerships, especially with the private sector.”
“The more the private sector can help,” Stone concludes, “the better the DoJ and FBI can resource and take actions against bad actors.”
