Tag Archive for: Security’s

How ransomware gangs have become security’s biggest threat


Cyber security experts, ex-military officials and some politicians are pushing for ransomware gangs to be treated not as hackers but like “pirates” of the past, in a rethink of how to best counter their growing threat to businesses, industries and society.

The shift recognises the way ransomware gangs are used by authoritarian nations to mount sustained attacks on Western businesses and sectors, a new dimension in the ongoing contest between strongmen and democracies.

Tim Watts, shadow assistant minister for communications and cyber security, calls ransomware gangs “modern-day” pirates. He wants aggressive coordination between international law enforcement, targeted sanctions, even cyber operations aimed to disrupt the gangs, in an effort to close the gaps being exploited by cyber criminals.

“The bulk of the ‘solution’ here is not technological, but instead policy, regulation, law enforcement, diplomacy and then a bit of offensive cyber,” says Watts.

Labor’s assistant spokesman for communications and cybersecurity Tim Watts likened ransomware crews to pirates.

Labor’s assistant spokesman for communications and cybersecurity Tim Watts likened ransomware crews to pirates.Credit:Dominic Lorrimer

For years, ransomware attacks were treated as a subset of hacking. The liability of such intrusions was considered a cost of doing business – one whose responsibility sat squarely on the business’s shoulders.

But things have changed.

In a decade, ransomware software has grown from a tool by hackers to extort individuals for hundreds of dollars, to an underworld service-for-hire among criminals to shakedown entire industries for hundreds of millions. Cryptocurrency, meanwhile, has proven an ideal means of paying ransom to shadowy gangs across borders.

JBS food processor in Australia and the US was hit by ransomware gang DarkSide in May, leaving about 7000 meat workers out of work until the company could develop a workaround. In the US, a DarkSide ransomware attack halted petrol to the east coast. The Clop ransomware group was reportedly behind the December attack Transport for NSW.

All of the gangs are based in Eastern Europe but the Kremlin won’t extradite or prosecute these gangs as long as they don’t attack Russian interests. The…

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Duo Security’s Trusted Endpoints Integrated with Sophos Mobile

  1. Duo Security’s Trusted Endpoints Integrated with Sophos Mobile  Dark Reading
  2. Today’s channel rundown – 20 June 2018  Channelnomics
  3. Duo Security Brings Zero-Trust Protection to Modern Workforce with Sophos Mobile Integration  The News Reports
  4. Full coverage

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Homeland Security’s role in cybersecurity

CSO Contributing Writer Ira Winkler (The Irari Report) recently sat down for an interview with Alejandro N. Mayorkas, the deputy secretary of Homeland Security.

We’ve separated the interview into three video segments, covering a variety of security-related topics.

In the first video (above), Mayorkas describes the role of Homeland Security when it comes to cybersecurity, and how government agencies are working together to improve the overall cybersecurity of critical systems and infrastructure.

In part 2, Winkler and Mayorkas discuss whether the power grid is vulnerable to cyberattack, and where opportunities exist for improving our defenses.

To read this article in full or to leave a comment, please click here

Network World Security

Computer security’s weak link: Humans – Valley News Live


Valley News Live

Computer security's weak link: Humans
Valley News Live
CBS News When it comes to computer security, the problems most companies experience can be traced to the biological units that interface with their systems. Otherwise known as humans, and with humans come errors. A study released Friday by the IT …

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