What are the threats associated with using ‘bogus’ cybersecurity tools?

The biggest threat is risks you think you have managed are not managed at all so you and your executive team have a completely false sense of security.  This is even worse than not having any tool in place.  With no tool in place, you at least know you have a vulnerability.

There several ways to ensure a tool is doing what it is supposed to do.

1. Product Selection - when selecting a tool, do not focus on what a tool can do.  Focus on what you want the tool to do.  You drive the direction of the sales demo, not the sales team.

2. Product Implementation - use professional services to implement and configure the solution.  Your team should be right there with them as a knowledge transfer session but the professional who installs and configures the product every day should drive the install, not someone who wants to learn.

3. Trusted Partners - find yourself a trusted partner(s) who can help guide you.  This should consist of product testing labs partners, advisors who live and breathe the space daily, and resellers with a strong engineering team.

Dan Doggendorf gave sound advice.

Whilst some of the free or cheap platforms will provide valuable information and protection, your security strategy has to be layered. Understand what you want to protect and from whom. At some point you will need to spend money but how do you know where to spend it? There are over 5,000 security vendors to choose from.

There is no silver bullet and throwing money at it won’t necessarily fix what you are at risk from but at the same time free products are free for a reason.

If your organisation doesn’t have a large team of security experts to research the market and build labs then you need to get outside advice. Good Cyber-advisors will understand your business and network architecture therefore will ask the right questions to help you to navigate the plethora of vendors and find the ones that are right for where your business is now and where you intend it to be in the future.

Large IT resellers will sell you what they have in their catalogues based on what you ask for and give a healthy discount too but that may not fix the specific risks your business is vulnerable to. A consultative approach is required for such critical decisions.

By the way, there are free security products and services that I recommend.

Tools are not necessarily bogus. Sometimes they are just 'legacy' tools that have been around for too long and no longer fit the problem they were designed to solve, simply because IT infrastructure, organizational needs, and cybersecurity threat complexity have evolved. 

Open Source or Free products need proper management. Based on my experience I have found that many people who uses open source don't bother to patch them and attackers then utilize such loopholes.

One of the great example one client was using free vulnerability management plus IP scanner. And they got hit with ransomware. During the investigation I realise the attacker utilized the same tool to affect other devices on the network. The attack took his time at least 2 months unnoticed. 

You should build a lab, try the tools and analyze the traffic and behavior with a traffic analizer like wireshark and any sandbox or edr that shows you what the tools do, but all this should be outside your production environment, use tools that has been released by the company provider and not third party downloads or unknown or untrusted sources.

One should 1st have details understanding of what he/she is looking to protect within environment as tool are specially designed for point solution. Single tool will not able to secure complete environment and you should not procure any solution without performing POC within your environment 

As there is possibility that tool which works for your peer organisation does not work in similar way for yours as each organisation has different components and workload/use case

I suppose it depends on just how 'bogus' they are. If they are truly 'bogus' then you are likely looking at a trojan. If, however, we are just talking about a 'bad' security tool then you are talking about trying to manage your security with bad or missing information.

Tools are not necessarily bogus. Sometimes they are just 'legacy' tools that have been around for too long and no longer fit the problem they were designed to solve, simply because IT infrastructure, organizational needs, and cybersecurity threat complexity have evolved

Refrain from free products

Delete products and traces of product after evaluation

Always know what you want from the cybersecurity solution. Can identify illegal operations of the products if different from its stipulated functions.

Work with recognised partners and solution providers

Download opensource from reputable sites

Bogus cybersecurity tools might bring about the data exfiltration, trojan horse 

Using ‘bogus’ cybersecurity tools can seem like a good idea in the short term, but it can come back to haunt you in the long run. Bogus security tools pose serious threats to your business and personal information because they don't provide the same level of protection as legitimate, trusted security solutions. Here are some potential threats associated with using bogus cybersecurity tools:

1. Data Leakage – Bogus cybersecurity products may be full of loopholes that allow malicious actors access to your confidential data and networks. This could lead to data breaches and an increased risk of identity theft and financial fraud if sensitive customer or corporate information is exposed.

2. Increased Risk of Malware – Bogus security products often contain malware which can be difficult for even experienced IT technicians to detect and remove from computers, smartphones, tablets, etc. Malware can spread through networks quickly if not handled properly by an experienced IT professional; resulting in system crashes or significant data losses if allowed inside a secure environment without proper detection measures being taken beforehand.

3. Poor Security Performance – Bogus security products often lack the necessary performance levels for protecting devices against current cyber threats such as DDoS attacks or ransomware infections which could result in costly (and sometimes irreparable) damage to important systems within businesses or homes alike due to their weak defenses against these malicious programs/intrusions etc

4. Lottery Scams - Fake antivirus software might ask you to repeatedly enter credit card details while informing you that you have won a lottery prize when actually stealing those details illegally instead providing real protection from malware/viruses etc., therefore, running large risks on unsuspecting users getting scammed off their hard-earned money!

Overall, fraudulent cybersecurity tools are unreliable and should always be avoided at all costs, as they do more harm than good when it comes down right down to the nitty-gritty! It's best for businesses/individuals alike only use genuine trustworthy cyber defense solutions whenever possible so that any problems arising out of digital safety aren’t exacerbated further due to unfortunate choices made beforehand.

I think this is quite an open-ended question.

Since cyber security is quite a vast world, it might be better to start small. Ask yourself what it is you are looking for or need. From there you can start asking specific questions based on that need. You should then be able to get more specific answers. Free doesn't always mean bad, but it probably will mean that you require more man power and more technical skills to manage it correctly. There are also quite a few "community" options available. Quite often you might start with a free solution and then upgrade that solution to their paid version which would give you more features.

So find out what it is you need and grow from there.

The biggest threat in using "bogus" or fake tools would be that they are themselves actually tools for someone else to access you. Its a very plausible and likely scenario.