5G: New Possibilities, New Threats

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5G is the next generation of mobile networks, and its introduction marks the beginning of a new era in the world of networking and cybersecurity. The fifth generation of mobile networks is not only faster than all the previous ‘Gs’ that were launched but also offers new and exciting opportunities for businesses. It is expected to be a game-changer for the business world because of its capabilities to expand business offerings and connect to the IoT.

Let's delve into the insights about the new possibilities 5G technology brings for businesses.


New Technology: Possibilities 5G Technology Brings In for Businesses

Among the most significant benefits of 5G technology is the potential for employees to achieve more in less time, which increases revenue and reduces costs. The tremendous jump in connectivity provided by 5G will generate considerable opportunity for a wide range of industries from healthcare to retail to fintech. According to a study by IHS Markit, the global economy will be worth $13.2 trillion by 2035. This will create 22.3 million jobs in the 5G global value chain alone. 


Increased IoT Capabilities

IoT devices are notoriously vulnerable due to their ease of use and connection.
In 2020, Forescout Research found 33 IoT vulnerabilities affecting four open-source TCP/IP stacks (FNET, uIP, Nut/Net, and PicoTCP). According to Forescount, these stacks power millions of devices worldwide.

The enormous development of IoT systems has been fueled by consumer devices, business network appliances, and industrial IoT (IIoT) devices. 5G will improve various IoT functionalities and provide critical upgrades to entire networks without pausing functionality, freezing operations or overloading servers.


Bridging the Skills Gap

Because of advancements in video and remote technologies, 5G will also tremendously benefit small businesses by enhancing hiring processes and assisting business owners in hiring suitable talent to contribute to their business development and help their businesses grow. 5G breaks down barriers to hiring by letting companies find, interview, narrow down, and hire the best people worldwide.


Cost Savings

5G is expected to enhance the battery life of devices such as laptops by up to ten times. As a result, companies will see cost savings by lowering the quantity of hardware and IT infrastructure required. This represents a move away from a hardware-driven economy and into an economy that is majorly anchored on software and systems. Savings on decreased administration and other operations can permeate the organization and eventually contribute to the bottom line.


New Threats: 5G Cybersecurity Risks

Like every technology born, even 5G networks face various threats. Some are passed down from previous generations and legacy standards, while others are new threats associated with the software-defined networking technology owing to 5G. Below are some of the 5G security issues that businesses can tackle with the help of additional cybersecurity measures.


Inherited & Emerging Vulnerabilities

Compared to earlier generations of wireless networks, 5G is designed to be more secure. For backward compatibility, 5G must still be able to communicate with older standards. In the absence of a security-minded approach, this compatibility requirement assures that the flaws discovered in the outdated SS7 and Diameter protocols utilized by 2G and 4G networks can still haunt a new 5G-based network architecture.


Growing Supply Chain Concerns

As a result of government intervention in the development of telecom equipment, 5G security risks have been politicized. The use of 5G infrastructure equipment sold by Chinese vendors like ZTE and Huawei is banned in various countries, including the United Kingdom, India, and the United States. These regulations were put in place because of fears that Chinese governmental control over these 5G equipment vendors could undermine the design and data security of 5G equipment offered by these companies.


Decentralized security

In 5G networks, traditional security checkpoints like hub-and-spoke hardware-based routers have been replaced by cloud of software-defined digital routers that can't be looked at or managed. With more routing points and devices, as well as quicker speeds that favor smash-and-grab attackers, security teams must depend on automated monitoring and create innovative methods to address the rising security vulnerabilities.


More IoT Devices

Not all manufacturers are emphasizing cybersecurity, as seen with many low-end smart devices. 5G means more effectiveness and possibilities for the Internet of Things (IoT). As the number of connected devices grows, so does the number of prospective areas of attack. Devices such as a fish tank thermometer and a smart TV are examples of devices that might weaken the network. Network breaches and hacking could become more frequent because of the absence of security standards for IoT devices.


Overcoming 5G Security Challenges

Even if the new 5G technology doesn't fundamentally impact the measures that businesses must take to secure their assets, it does reduce the margin for error and raise the stakes in the event of a failure. Many strategies for dealing with existing network security issues apply equally well to 5G security threats.


Strengthen Existing Cybersecurity Measures

As we know, most security threats to 5G technology originate from previous generations. Businesses should continue to use existing security techniques to combat such attacks. Businesses must strengthen their existing security equipment to make those strategies more effective. Also, it is essential to educate users in order to minimize human errors that can compromise data and network security.


Regular Infrastructure Audit

When it comes to data exfiltration, a bad actor's dream is a company's blind spots. You'll need to audit your company's personnel infrastructure. You should also keep an eye on 4G-related vulnerabilities that could continue to harm older devices and networks.


Deploy AI & ML for Protection

Security providers are embedding AI and machine learning (ML) into their products and services to combat more complex cyberattacks. Experts believe that AI and machine learning systems can grow with the threat matrix, learning to detect and eliminate threats before they breach critical systems and put lives and sensitive data at risk. This will greatly help secure the network and safeguard the data stored in the cloud.


IoT Management Solutions

As 5G devices become available on mobile device management software, it is essential to control them to ensure device security. To secure the devices that will use 5G technology, you must look for a device management system that can evolve with the demands of your business. Look for a system that focuses on IoT management particularly.


Tech Manufacturers Should Develop Secured Products

5G will double the number of connected devices while increasing speed and bandwidth. Unfortunately, many IoT devices are fundamentally insecure, making them obvious targets for hackers. Each insecure IoT device on a company's network offers an additional possible attack route. To prevent IoT devices from being vulnerable targets for cybercriminals, manufacturers must make them more secure. Also, the IoT Cybersecurity Act, which applies to government contractors, was passed by the US Congress. However, regulation of industry suppliers is still not good enough.


Key Elements for 5G Cybersecurity for Businesses



 

Conclusion

5G technology will be embraced despite all the challenges since it promises to provide businesses with a powerful new tool capable of driving faster, broader IoT deployments and a competitive advantage in the market. One harsh reality of the digital age is that risks will always exist. In line with the birth of every new technology, new threats are also born, and in the same manner, even solutions emerge. Businesses can overcome all challenges and eliminate all 5G security threats by implementing proper measures. 5G, IoT, AI, and ML are all part of the global tech revolution; leverage these technologies today to position yourself as a leader of tomorrow.


FAQ


What is the frequency of 5G?

Verizon's millimeter wavelength (mmWave)-based 5G Ultra Wideband runs at frequencies between 28 and 39GHz. This is far higher than the frequency used by 4G networks, which ranges between 700 and 2500 MHz.


What are the fundamental technologies that makeup 5G?

OFDM (Orthogonal frequency-division multiplexing) is a way of modulating a digital signal over several channels to decrease interference. 5G employs the 5G NR air interface in conjunction with OFDM principles. 5G also makes use of higher bandwidth technologies like sub-6 GHz and mmWave.


Why does a businessperson need 5G training?

Faster connections mean more efficient business operations for your organization. Employees can anticipate that 5G will improve internal and external communications, allowing for better flexibility and time efficiency. Employees should also expect less restriction on where they can work, open doors during office hours, the ability to work from home, and a much better balance between work and life.

Spotlight

cirosec GmbH

cirosec GmbH is a specialized company focusing on information security and advising its enterprise customers in the German-speaking world on innovative information and IT security questions. We offer a wide range of services, including concepts, reviews and analyses, management consulting (ISO 27001, risk management, policies, guidelines), audits and penetration tests, incident response and forensics as well as conception, neutral evaluation and implementation of products and solutions.

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Protection vs Privilege

Article | June 28, 2023

As of May 2023, 39% percent of workers in the UK work from home at some point during their week. Whilst understandable, the hybrid-working environment continues to pose more risks to organisations and their data. As more devices are accessed beyond the confines of the corporate network, businesses must account for the inherent risks presented by insecure or non-existent endpoint control. As users of these devices have more administrative control, and without the constant presence of IT services, the door is left open for increased phishing, ransomware and malware attacks. A daunting 88% of data breaches are now caused by employee error. Just earlier this month, the genealogy company 23andMe confirmed that its data had been compromised in an attack from hackers who claimed to have accessed millions of data points from accounts by taking advantage of users login credentials. The problem with this is that the users are not the root of the issue. 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For example, they can install a new printer driver or update an application plug-in without calling the IT help desk. But they can also be abused to install malware or configure the computer to make an attack easier. It could be easy to remove those local admin rights or the shadow user account on the workstations with those elevated permissions. But that will frustrate end-users and increase the load on the help desk. The key issue here, is the concept of privilege. Users often need the privilege to elevate their devices by running an administrator account in order to gain access to, and update applications. Unfortunately, this greatly increases risk as these elevated administrator accounts are much more attractive to hackers for this exact reason - their access to more lucrative data. It has been reported that 70% of all data breaches are targeted at privileged accounts, which is especially alarming when taking into account the fact that 90% of IT security professionals have said that their organisations’ users have more privilege than is necessary. The issue for many companies arises in finding the balance between the users’ access to local admin rights and their productivity. More open access to the admin rights makes things easier and convenient for the users but opens the door to security risks with more endpoints to target. A study by the Ponemon Institute showed that 73% of organisations believed that threats to their endpoints had significantly increased, and that a staggering 80% of organisations that had been compromised by cyber-attacks did not know what type of attack they had been subjected to. The need for a more effective and efficient security measure is clear. Endpoint privilege management (EPM) oversees and governs the privilege of network devices. It completely removes the need for users to have administrator accounts on the devices they use, whilst still enabling them to have elevated access to certain applications. EPM only elevates approved applications and provides the users with a clear audit list of those which have been approved. Privilege to protect Whilst not a universal fix, the implementation of EPM, for example, can help alleviate the risks and reinforce a culture of security within organisations. It is understandable to be cautious when faced with words and phrases such as “approved applications” or “removing administrator rights”, but EPM is not about limiting your users’ experience or productivity. EPM does not forbid or remove access to applications. The IT team can grant approved users’ permission to run specific applications with elevated permissions for a limited period, to carry out specific actions. Users can then access what they need to, while IT retains visibility over all actions in case activity needs to be stopped, or incidents need to be investigated at a later date. If permissions need to be granted on an individual basis, for each user and application, IT will be buried under an avalanche of requests – so EPM tools will allow rules and policies to be created and then applied at scale. Users can do the work they need with few calls to the Help Desk. IT gets fewer interruptions and can focus on more valuable work. Auditors can see who had access to which applications and logs show the actual users, not an arbitrary administrator account. Endpoint privilege management is vital to any organisation's cybersecurity strategy, not only to manage and control access to sensitive data and resources but minimise the chance of a data breach. 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The NIS2 cyber security rules are coming – are you ready?

Article | August 12, 2022

The EU NIS cyber security regulations are evolving for 2024 – and if you’re not currently aware of how they’ll apply to your organisation, now is the time to get up to speed with the likely requirements. Not only is the directive being tightened, but an extended range of healthcare and related organisations will be added to the list of ‘critical entities’ that must comply. These include certain medical device manufacturers, pharmaceutical companies, and organisations that carry out R&D. The Network and Information Systems (NIS) standards were set up in 2016 to protect essential services – such as water, energy, healthcare, transport and digital infrastructure – from online cyberattacks. The updated legislation, NIS2, will have stricter rules and reporting requirements, and higher penalties for non-compliance. They will apply to medium-sized and large businesses that operate within one or more EU countries. Those based only in the UK can’t sit back, however, as the original NIS regulations will still apply as part of British law. What’s more, a UK version of the rules is coming very soon, and it’s likely that the framework will closely resemble the EU’s. What will the requirements cover? There are a number of cyber risk management measures that all organisations that come under the scope of NIS2 will be required to put in place. For instance, they will need to conduct regular security assessments and risk analyses, adopt incident response and handling plans, and appoint a chief information security officer (CISO), among other obligations. The new directive will streamline and strengthen incident reporting requirements. Entities must notify regulators of any incident that has compromised data, or had a significant impact on the provision of their services, for instance by causing severe operational disruption or financial loss. Applying information system security policies and business continuity plans will form part of the obligations, as will conducting cyber security testing, and training for all staff. The use of multi-factor authentication (MFA) and encryption, where appropriate, will also be mandated. There is plenty of focus within the directive on the cornerstones of cyber security best practice – in particular the proper control of administrator-level account credentials, privileged access, and endpoints, all of which are prime targets for attackers. Under NIS2, organisations are being separated into ‘critical’ and ‘important’ entities. It’s important to determine which category yours will fall under, as requirements are different for each. The third party threat will also be addressed in NIS2 through the pulling in of managed service providers (MSPs) to the list of ‘critical entities’, with the aim of keeping digital supply chains secure. MSPs are often granted privileged access to clients’ corporate systems and networks, which creates security risks. What are the consequences of non-compliance? Organisations that come under the regulations’ purview will be subject to random checks, regular security audits, on-site inspections and off-site supervisions. For those found to be in breach, sanctions could include warnings, temporary suspension of certain activities, and temporary prohibition to exercise certain managerial functions. Financial penalties could be as high as 10 million Euros or 2% of an organisation’s global turnover – whichever is higher. What steps should healthcare organisations take now? Organisations should take action to establish whether the EU or UK NIS2 regulations will apply to them and what their responsibilities will be. Having identified any gaps in existing cyber security processes, policies and practices, they must determine what changes need making to address them. As a priority, they must review their incident response plans, and incident management and reporting procedures. It’s also a good idea to begin assessing the security posture of partners and third parties in the supply chain, and incorporating relevant security requirements into contracts. Given the framework’s focus on protecting privileged admin accounts, organisations should implement controls that will limit the number of staff members who hold these powerful credentials. Implementing privileged access management (PAM) will allow IT to control who is granted access to which systems, applications and services, for how long, and what they can do while they’re using them. Preparing for the introduction of the EU NIS2 regulations should be considered as more than just a compliance exercise. By meeting the strengthened requirements, healthcare organisations will be building a foundation of resilience that protects them, their customers, and the essential services they provide.

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Data Security, Platform Security, Software Security

Security by Sector: Improving Quality of Data and Decision-Making a Priority for Credit Industry

Article | August 20, 2022

The subject of how information security impacts different industry sectors is an intriguing one. For example, how does the finance industry fare in terms of information security compared to the health sector, or the entertainment business? Are there some sectors that face greater cyber-threats and risks than others? Do some do a better job of keeping data secure, and if so, how and why?A new study of credit management professionals has revealed that improving the quality of data and decision-making will be a top priority for the credit industry in the next three years. The research, from Equifax Ingnite in collaboration with Coleman Parkes, takes a deep dive into the views of credit management pros across retail, banking, finance and debt management/recovery sectors.

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3 Trends in Data Privacy Breach Laws That Will Carry Over to 2020

Article | February 12, 2020

During 2019, new privacy laws were introduced, and many current laws evolved in the United States and across the global landscape. With the General Data Protection Regulation (GDPR) in full effect, we saw expensive fines levied upon companies that fell victim to data privacy breaches. As we move into a new year, probably the biggest takeaway from 2019 is that being proactive and having a data privacy strategy in place is important to help mitigate the risk of a data privacy breach. The regulatory landscape continues to evolve as states and countries actively pass new expanded requirements for privacy and cybersecurity regulations. While laws in the U.S., like the California Consumer Privacy Act (CCPA), are getting significant attention, many other states and countries are actively amending their breach notification laws to include tighter restrictions.

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cirosec GmbH

cirosec GmbH is a specialized company focusing on information security and advising its enterprise customers in the German-speaking world on innovative information and IT security questions. We offer a wide range of services, including concepts, reviews and analyses, management consulting (ISO 27001, risk management, policies, guidelines), audits and penetration tests, incident response and forensics as well as conception, neutral evaluation and implementation of products and solutions.

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BeyondID Introduces Identity-First Model for Zero Trust Maturity

PR Newswire | October 04, 2023

BeyondID, a leading managed identity solutions provider, today announced the industry's first solution that accurately conveys the true nature of identity within the zero trust security framework. BeyondID's Identity Fabric Model for Zero Trust promises optimal threat detection, investigation, and round-the-clock remediation via the BeyondID Security Operations Center (SOC). The Zero Trust Maturity Model by CISA has gained widespread acceptance and acknowledges the importance of identity as a pillar in modern security, but it undervalues the critical role of identity in ensuring security, stated Arun Shrestha, co-founder and CEO of BeyondID. The effectiveness of your security posture depends on how quickly and accurately you can detect behavioral discrepancies, as recent high-profile security breaches demonstrate. Zero trust cannot be achieved without identity as the fabric. BeyondID is the first managed identity services provider delivering a holistic approach to zero trust. Its Identity Fabric Model supports seamless user experience outcomes by implementing a strong digital identity strategy across the board from devices to network, to apps and workload, to data. This holistic approach ensures optimal threat detection, continuous compliance, risk mitigation, and a high return on IT and security investments. The company also announced that it can provide organizations with the breach protection they need, including a service that can identity, isolate and remediate threats in as little as seven days. Utilizing BeyondID's SOC enables companies to get their zero trust solution up and running quickly, offering 24x7 protection from the persistent threat of cybersecurity attacks. As an esteemed Okta Apex Partner and Okta's most trusted implementation ally, BeyondID is committed to modernizing identity management and digital transformation. BeyondID is launching its next-gen zero trust services at Oktane23. Oktane23 attendees will be offered an exclusive, complimentary Zero Trust Assessment. About BeyondID BeyondID is a leading managed identity services provider that the most successful brands trust to bring their digital identity strategies to life. BeyondID helps organizations streamline their adoption process and ensure their implementations are secure, agile, and future proof. A few of the valued customers that trust BeyondID to keep their organizations secure include ATN International, Discount Tire, Johnson Financial Group, Major League Baseball, Mayo Clinic, Northern Trust, TDECU, and VF Corp. More information about BeyondID can be found at www.BeyondID.com.

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