Tuesday , September 10 2024

FBI Focuses on Cybersecurity With $90M Budget Request

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.

Hacker to exploite GeoServer Vulnerability to Deploy Malware

Researchers at Fortinet unveiled hackers to exploit GeoServer RCE vulnerability deploying malware relating to the vulnerability tracked as “CVE-2024-36401, has...
Read More
Hacker to exploite GeoServer Vulnerability to Deploy Malware

IMB unveils multiple vulnerabilities in it’s webMethods Integration

Multiple vulnerabilities have been published by IBM in its webMethods Integration Server which cloud allow attackers to execute arbitrary commands...
Read More
IMB unveils multiple vulnerabilities in it’s webMethods Integration

Progress LoadMaster exposed to a critical 10/10 vulnerability

Progress Software released an emergency fix for a critical vulnerability (10/10) in its Loadmaster and LoadMaster Multi-Tenant Hypervisor products, which...
Read More
Progress LoadMaster exposed to a critical 10/10 vulnerability

Cisco released security updates for two critical security flaws

CISCO released security updates for two critical security flaws impacting its smart Licensing Utility that could allow unauthenticated, remote attackers...
Read More
Cisco released security updates for two critical security flaws

OpenBAS: Cutting-edge breach and attack simulation platform

OpenBAS is a platform that helps organizations to plan, schedule, and conduct crisis exercises, adversary simulations, and breach simulations. OpenBAS...
Read More
OpenBAS: Cutting-edge breach and attack simulation platform

Critical Security Flaws Patched in Zyxel Networking Devices

Zyxel has released software updates to fix a serious security issue in certain access point (AP) and security router versions....
Read More
Critical Security Flaws Patched in Zyxel Networking Devices

CVE-2024-38811: CEV In VMware Fusion Unveiled

VMware released a security advisory for a major vulnerability in the VMware Fusion product. This vulnerability could be exploited by...
Read More
CVE-2024-38811: CEV In VMware Fusion Unveiled

CERT-IN Warns Vulnerabilities in Palo Alto Networks applications

Indian Computer Emergency Response Team (CERT-IN) issued advisories about multiple vulnerabilities in various Palo Alto Networks applications. Attackers could exploit...
Read More
CERT-IN Warns Vulnerabilities in Palo Alto Networks applications

How Malaysia’s Data Centre Industry Poised for Growth

Malaysia is quickly becoming a leading choice for investing in data centers. It aims to generate RM3.6 billion (US$781 million)...
Read More
How Malaysia’s Data Centre Industry Poised for Growth

RansomHub exfiltrated data over 210 victims: US alert

US authorities have issued a cybersecurity advisory about a ransomware group called RansomHub. The group is thought to have stolen data...
Read More
RansomHub exfiltrated data over 210 victims: US alert

“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.”

Check Also

TD Bank

Bank employee accessed customer data: affect 41 bank clients

A bank employee accesses the personal information of several dozen customers. The person did that …

Leave a Reply

Your email address will not be published. Required fields are marked *