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Are we ready to fight Fight Worldwide Cyber Crime?
Category : Managed Services 28 Jan 2010 12:40 PM | Industry News
CyberSecurity Watch Survey results observed many organizations are focused on stopping random hackers and blocking pornography when they should be concerned with bigger threats from professional cybercriminals. The survey was conducted last year with 523 IT and security managers, top-level executives, and law enforcement personnel and it found that hackers were rated the biggest threat, followed by insiders and foreign entities.
This report further reinforces that there is a larger more sinister issue brewing when it comes to cyber security: hackers and rogue nations causing havoc on our cyber security infrastructure. And, the NY Times came out with a front-page story today about how top Pentagon leaders gathered to simulate how they would respond to a sophisticated cyberattack aimed at paralyzing the nation’s power grids, its communications systems or its financial networks. According to the article, the results were dispiriting. The enemy had all the advantages: stealth, anonymity and unpredictability. No one could pinpoint the country from which the attack came, so there was no effective way to deter further damage by threatening retaliation.
So, the take away from all of this news is that attackers from nation-states and organized crime syndicates use more sophisticated techniques that can do more economic damage and go undiscovered. We face some very daunting cyber security challenges and the main point that keeps resonating it that we are NOT prepared and do not have the tools to deal with it.
Throwing money at the problem isn't always the best idea, the report concluded. Nearly half of the respondents said they spent a significant amount on IT security last year, $100,000 or more, but many organizations at the same time "neglect simple, inexpensive measures such as patch management, log analysis, privilege restrictions, password expiration, and termination of former employees' access through a robust de-provisioning process," the report said.
The study also found a "likely nexus" between cybercrime and threats like terrorism, industrial espionage, and foreign intelligence services.