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ANNUAL FIELD REPORT

The series is a compilation of unique insights derived from hundreds of incident response and cyber readiness client engagements carried out during 2023. The reports includes key preventative strategies that have proven highly effective in combatting emerging threats.

1. The Threat Landscape

Sygnia’s Incident Response team identifies impactful changes in ransomware strategies during the past year. Ransomware groups transitioned from encryption-oriented attacks to data exfiltration and extortion strategies, employing tactics that yield faster monetization and refining new ways to cripple organizations and pressure them into paying ransom demands.

2. The Attacker’s Perspective

Sygnia’s Adversarial Tactics team shares last year’s key improvements and developments that affect threat actors’ operations and identifies the most common TTPs they have utilized within clients’ environments, noting a marked increase in the number of exploited systemic misconfigurations, and a need for innovative and effective mitigation strategies.

3. The Defender’s Perspective – Preparedness

Sygnia’s Enterprise Security team notes a return to basics in the cybercrime community, as evidenced by the simplicity of some of 2023’s major cyberattacks. While the dual challenge of SEC compliance and CISO accountability as well as the rise of AI in security pose new challenges.

4. The Defender’s Perspective - Detection

Sygnia’s Managed XDR team notes the impact of major technological advancements, market dynamics, and user adoption in the MXDR, which will have a profound impact on the 2024 landscape as trends combine with emerging technologies that will propel the XDR market forward.

5. The Executive Perspective

Sygnia’s Engagement Management team advises executives on how to build a security team, prioritize security budget and measure the effectiveness of a cybersecurity program. Sygnia’s Legal team identifies the three most notable topics that must be addressed in 2024; CISO liability, the regulatory landscape, and emerging trends in 3rd party-based attacks and their impact on risk management.

ABOUT SYGNIA

Sygnia is the foremost global cyber readiness and response team, applying creative approaches and battle-tested solutions to help organizations beat attackers and stay secure. With decades of digital combat experience, from a team who brings extensive cyber warfare and enterprise security backgrounds, we support the entire cybersecurity journey so our clients can stay secure in the face of any and all cyber threats.

What makes Sygnia so impressive is their deep, technical knowledge, attacker perspective, and ability to translate both traits into proactive security enhancement of the client’s business.

CISO, Global 2,000 Energy Company

Sygnia is the Swiss Army Knife of cyber. There is nothing we have asked them to do that they haven’t been able to come back and say, ‘Yes, we’ve got a solution.’

CISO, Top 50 Global Law Firm

This advisory and any information or recommendation contained herein has been prepared for general informational purposes and is not intended to be used as a substitute for professional consultation on facts and circumstances specific to any entity. While we have made attempts to ensure the information contained herein has been obtained from reliable sources and to perform rigorous analysis, this advisory is based on initial rapid study, and needs to be treated accordingly. Sygnia is not responsible for any errors or omissions, or for the results obtained from the use of this Advisory. This Advisory is provided on an as-is basis, and without warranties of any kind.