On 10th December 2021, the security world sprung into action as the CVE-2021-44228 vulnerability concerning, Log4j, landed on all our front doorsteps, like a lump of coal rather than an early Christmas present. The exploit is now being widely scanned by attackers to identify and exploit targets of interest. The range of threats leveraging this vulnerability include opportunistic and financially motivated threat actors (for example ransomware operators), along with espionage focused threats. IT and security professionals worldwide are fearing that they will spend their December holidays in the digital trenches.
Log4j is a Java software library (or building block) which can be built into applications to help perform logging and monitoring. Libraries such as log4j are easy to integrate and thus widely used, across both open and closed source applications. While other vulnerabilities that have come to light in 2021, such as those impacting on-premise Microsoft Exchange servers, it's the scale that this software is used at which makes it particularly concerning. The potential impact of this vulnerability is severe, and in particular, some organisations may not even know that they are using Log4j in their environment. We are likely to see this vulnerability being used for some time to come, due to the complexity of identifying the vulnerability in enterprise environments and as attackers become more familiar with integrating it into their current arsenal.
Our Threat Intelligence team is tracking this threat and supporting clients with technical measures to detect and mitigate threat actors from exploiting this critical vulnerability. As executives, board members and security leaders, you have the unique opportunity to determine the appropriate level of action. The first step in that process is preparedness.
Now it's the Log4j vulnerability, next month it might be something completely different. Forewarned is forearmed. With the right information, your response to even the most drastic crisis such as a ransomware attack, can help you weather the storm, recover and emerge stronger.
Therefore, the question arises: what can you do to prepare? In this blog we provide you with an overview from a crisis organisation perspective:
1. Understand the business impact of a vulnerability
Often there is a disconnect between the business and IT of the organisation. In the situation of the Log4j vulnerability, IT should for instance worry about:
As the Board however, you don't need to understand all the technical details of Log4j vulnerabilities and other vulnerabilities alike. What you do need is to understand the business impact that such a vulnerability can have, because it is not 'just an IT-party'. Herewith it is of utmost importance that you have highly skilled security professionals that you can trust during a cyber crisis and that are able to digest and communicate the threat.
2. Have a solid, but moreover resilient crisis management organisation, including:
3. The golden hour - the moment when there is still room for maneuver
In case a ransomware crisis (or any other crisis) strikes, the golden hour is the time that organisations need to alert their key people and gather key facts about the crisis. It is crucial to take a moment to organise your crisis management team, before rushing into actions and making unfounded decisions. Yes, there is no time to lose in a situation such as a ransomware attack, but getting yourself organised serves as the fundament for further response procedures.
4. Act according to your organisation's values
When making decisions during a crisis, validate them according to your organisation's values. Is one of your organisation's values 'teamwork'? Consider if you have taken into consideration the critical, but worthy comment of your security engineer. When acting according to your values, you can always explain why you made certain decisions when challenged afterwards.
5. Long term vision
Especially in a leadership position, keep in mind the long term vision of your organisation and how short term decisions can impact your long term position. Your team will better understand the why of your plan as integral to your organisational vision and purpose.
In today's interconnected landscape threats such as the Log4j vulnerability will continue to occur. Being prepared for the consequences and potential crisis such threats may cause, nevertheless makes you and your organisation resilient.
The pace of adoption of new technologies and digital business models is increasing at unprecedented speed. This is further accelerated by COVID-19.
PwC’s Crisis Leadership Team aims to help clients answer these questions by supplying them with the ability to create certainty and confidence in crisis.
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