Network analysis of a darknet marketplace: Identifying themes and key users of illicit networks

The global cost of cybercrime is estimated to reach $10 trillion by 2025. To perpetuate cybercrime, cybercriminals often use darknet markets, which are online platforms where cybercriminals sell, purchase, and trade stolen products and hacking tools. This study is a research in progress that focuses on analyzing darknet markets to identify key actors and understand their networks, interactions, and emergent themes. The study hopes to increase our understanding of the nature of criminal activities, add to the literature, and provide insights that may help stakeholders build tools for disrupting or preventing activities on the darknet

Applications of Cyber Threat Intelligence (CTI) in Financial Institutions and Challenges in Its Adoption

The critical nature of financial infrastructures makes them prime targets for cybercriminal activities, underscoring the need for robust security measures. This research delves into the role of Cyber Threat Intelligence (CTI) in bolstering the security framework of financial entities and identifies key challenges that could hinder its effective implementation. CTI brings a host of advantages to the financial sector, including real-time threat awareness, which enables institutions to proactively counteract cyber-attacks. It significantly aids in the efficiency of incident response teams by providing contextual data about attacks. Moreover, CTI is instrumental in strategic planning by providing insights into emerging threats and can assist institutions in maintaining compliance with regulatory frameworks such as GDPR and CCPA. Additional applications include enhancing fraud detection capabilities through data correlation, assessing and managing vendor risks, and allocating resources to confront the most pressing cyber threats. The adoption of CTI technologies is fraught with challenges. One major issue is data overload, as the vast quantity of information generated can overwhelm institutions and lead to alert fatigue. The issue of interoperability presents another significant challenge; disparate systems within the financial sector often use different data formats, complicating seamless CTI integration. Cost constraints may also inhibit the adoption of advanced CTI tools, particularly for smaller institutions. A lack of specialized skills necessary to interpret CTI data exacerbates the problem. The effectiveness of CTI is contingent on its accuracy, and false positives and negatives can have detrimental impacts. The rapidly evolving nature of cyber threats necessitates real-time updates, another hurdle for effective CTI implementation. Furthermore, the sharing of threat intelligence among entities, often competitors, is hampered by mistrust and regulatory complications. This research aims to provide a nuanced understanding of the applicability and limitations of CTI within the financial sector, urging institutions to approach its adoption with a thorough understanding of the associated challenges

Agriculture 4.0 and beyond: Evaluating cyber threat intelligence sources and techniques in smart farming ecosystems

The digitisation of agriculture, integral to Agriculture 4.0, has brought significant benefits while simultaneously escalating cybersecurity risks. With the rapid adoption of smart farming technologies and infrastructure, the agricultural sector has become an attractive target for cyberattacks. This paper presents a systematic literature review that assesses the applicability of existing cyber threat intelligence (CTI) techniques within smart farming infrastructures (SFIs). We develop a comprehensive taxonomy of CTI techniques and sources, specifically tailored to the SFI context, addressing the unique cyber threat challenges in this domain. A crucial finding of our review is the identified need for a virtual Chief Information Security Officer (vCISO) in smart agriculture. While the concept of a vCISO is not yet established in the agricultural sector, our study highlights its potential significance. The implementation of a vCISO could play a pivotal role in enhancing cybersecurity measures by offering strategic guidance, developing robust security protocols, and facilitating real-time threat analysis and response strategies. This approach is critical for safeguarding the food supply chain against the evolving landscape of cyber threats. Our research underscores the importance of integrating a vCISO framework into smart farming practices as a vital step towards strengthening cybersecurity. This is essential for protecting the agriculture sector in the era of digital transformation, ensuring the resilience and sustainability of the food supply chain against emerging cyber risks

PHOENI2X -- A European Cyber Resilience Framework With Artificial-Intelligence-Assisted Orchestration, Automation and Response Capabilities for Business Continuity and Recovery, Incident Response, and Information Exchange

As digital technologies become more pervasive in society and the economy, cybersecurity incidents become more frequent and impactful. According to the NIS and NIS2 Directives, EU Member States and their Operators of Essential Services must establish a minimum baseline set of cybersecurity capabilities and engage in cross-border coordination and cooperation. However, this is only a small step towards European cyber resilience. In this landscape, preparedness, shared situational awareness, and coordinated incident response are essential for effective cyber crisis management and resilience. Motivated by the above, this paper presents PHOENI2X, an EU-funded project aiming to design, develop, and deliver a Cyber Resilience Framework providing Artificial-Intelligence-assisted orchestration, automation and response capabilities for business continuity and recovery, incident response, and information exchange, tailored to the needs of Operators of Essential Services and the EU Member State authorities entrusted with cybersecurity

Strategies to Reduce the Fiscal Impact of Cyberattacks

A single cyberattack event involving 1 major corporation can cause severe business and social devastation. In this single case study, a major U.S. airline company was selected for exploration of the strategies information technology administrators and airline managers implemented to reduce the financial devastation that may be caused by a cyberattack. Seven participants, of whom 4 were airline managers and 3 were IT administrators, whose primary responsibility included implementation of strategies to plan for and respond to cyberattacks participated in the data collection process. This study was grounded on the general systems theory. Data collection entailed semistructured face-to-face and telephone interviews and collection and review of public documents. The data analysis process of this study involved the use of Yin\u27s 5-step process of compiling, disassembling, reassembling, interpreting, and concluding, which provided a detailed analysis of the emerging themes. The findings produced results that identified strategies organizational managers and administrators of a U.S. airline implemented to reduce the fiscal influence of cyberattacks, such as proactive plans for education and training, active management, and an incident response plan. The findings of this study might affect social change by offering all individuals a perspective on creating effective cyberculture. An understanding of cyberculture could include the focus of a heightened understanding, whereby, to ensure the security of sensitive or privileged data and information and of key assets, thus, reducing the fiscal devastation that may be caused by cyberattacks

NLP-Based Techniques for Cyber Threat Intelligence

In the digital era, threat actors employ sophisticated techniques for which, often, digital traces in the form of textual data are available. Cyber Threat Intelligence~(CTI) is related to all the solutions inherent to data collection, processing, and analysis useful to understand a threat actor's targets and attack behavior. Currently, CTI is assuming an always more crucial role in identifying and mitigating threats and enabling proactive defense strategies. In this context, NLP, an artificial intelligence branch, has emerged as a powerful tool for enhancing threat intelligence capabilities. This survey paper provides a comprehensive overview of NLP-based techniques applied in the context of threat intelligence. It begins by describing the foundational definitions and principles of CTI as a major tool for safeguarding digital assets. It then undertakes a thorough examination of NLP-based techniques for CTI data crawling from Web sources, CTI data analysis, Relation Extraction from cybersecurity data, CTI sharing and collaboration, and security threats of CTI. Finally, the challenges and limitations of NLP in threat intelligence are exhaustively examined, including data quality issues and ethical considerations. This survey draws a complete framework and serves as a valuable resource for security professionals and researchers seeking to understand the state-of-the-art NLP-based threat intelligence techniques and their potential impact on cybersecurity

YOU ARE THE WEAKEST LINK: ADDRESSING CYBER SECURITY CONCERNS WITHIN THE FIRE DEPARTMENT OF NEW YORK

The evolving cyber threat landscape consistently challenges organizational cybersecurity defenses. Cyberattacks, which were once rare, have become alarmingly frequent. In response, organizations have traditionally focused on technological solutions; however, human error remains a leading cause of network data breaches. The lack of effective security measures aimed at mitigating human error leaves organizations, such as the Fire Department of New York (FDNY), vulnerable to cyber intrusions. The FDNY’s dependence on digital networks for day-to-day operations underscores the need for security measures that address both technological and human vulnerabilities. This research combines descriptive, evaluative, and prescriptive methods, including a red-team exercise simulating a social engineering attack, to assess how the current cyber threat environment affects the FDNY. The study uncovers significant vulnerabilities, particularly among frontline personnel, who are often overlooked in traditional cybersecurity practices. Based on the findings, the research proposes strategic recommendations to strengthen the FDNY’s cyber defenses. The study promotes a comprehensive “all-hands-on-deck” approach that highlights the importance of making cybersecurity a shared responsibility, encompassing everyone from frontline personnel to senior leadership. This approach offers insights and methods applicable to other organizations seeking to strengthen their cybersecurity posture.Distribution Statement A. Approved for public release: Distribution is unlimited.Civilian, Fire Department of New Yor

A Taxonomy for Risk Assessment of Cyberattacks on Critical Infrastructure (TRACI)

Cybercrime against critical infrastructure such as nuclear reactors, power plants, and dams has been increasing in frequency and severity. Recent literature regarding these types of attacks has been extensive but due to the sensitive nature of this field, there is very little empirical data. We address these issues by integrating Routine Activity Theory and Rational Choice Theory, and we create a classification tool called TRACI (Taxonomy for Risk Assessment of Cyberattacks on Critical Infrastructure). We take a Design Science Research approach to develop, evaluate, and refine the proposed artifact. We use mix methods to demonstrate that our taxonomy can successfully capture the characteristics of various cyberattacks against critical infrastructure. TRACI consists of three dimensions, and each dimension contains its own subdimensions. The first dimension comprises of hacker motivation, which can be financial, socio-cultural, thrill-seeking, and/or economic. The second dimension represents the assets such as cyber, physical, and/or cyber-physical components. The third dimension is related to threats, vulnerabilities, and controls that are fundamental to establishing and maintaining an information security posture and overall cyber resilience. Our work is among the first to utilize criminological theories and Design Science to create an empirically validated artifact for improving critical infrastructure risk management