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encrypted web traffic it’s harder than ever to
identify and monitor potential threats.
According to Cisco, more than half of all
cyberattacks have resulted in financial
damages of more than US$500,000 with
attacks on supply chains increasingly
common and harmful. The report issues
the warning that such attacks can persist
for several months or even years. It states:
“Defenders should be aware of the potential
risk of using software or hardware from
organisations that do not appear to have a
THERE IS NOT A DAY THAT GOES BY
WITHOUT US HEARING ABOUT THE
LATEST THREAT THAT COULD LEAD TO
A SIGNIFICANT LOSS OF DATA ALONG
WITH REPUTATIONAL DAMAGE.
putting their trust in behavioural analytics
to locate malicious actors on the networks.
According to Cisco, 92% of security
professionals said behaviour analytics tools
work well. Two-thirds of the healthcare
sector, followed by financial services, found
behaviour analytics to work extremely well to
identify malicious actors.
Another notable change is the growth of
cloud with attackers taking advantage of
a lack of security. The report finds that
while the cloud offers better data security,
the downside is that attackers are taking
advantage of the fact that security teams
are having difficulty defending evolving and
quickly expanding cloud environments.
The true cost of cybercrime
A global cybersecurity report has revealed
that cybercrime takes a near US$600 billion
toll on the global economy. McAfee, in
partnership with the Center for Strategic and
International Studies (CSIS), has released
the Economic Impact of Cybercrime – No
Slowing Down report.
This concludes that cybercrime now costs
businesses close to US$600 billion a year.
To put this in context, this is up from global
losses of US$445 billion in 2014.
responsible security posture.”
Worryingly, two of the major attacks last
year (Nyetya and Ccleaner) infected users by
attacking trusted software.
The threat landscape is
changing all the time
One of the other major changes is that
security professionals are increasingly
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FEATURE: MAGAZINE LAUNCH
The report attributes the growth over three
years to cybercriminals quickly adopting
new technologies, the ease of engaging
in cybercrime (including an expanding
number of cybercrime centres) and the
growing financial sophistication of top-tier
cybercriminals. The report finds that banks
remain the favourite target of cybercriminals
and claims nation states are the most
dangerous source of cybercrime, with Russia,
North Korea and Iran the most active in
hacking financial institutions.
New technology brings
awareness of unknown threats
The latest cybersecurity technology is
seeking out malicious actors but the bad
news is its success is revealing problems that
hadn’t been previously recognised.
For instance, SonicWall, which protects
more than one million networks worldwide,
has revealed that a new Capture Cloud
engine has discovered hundreds of new
malware variants not seen before by
sandboxing technology. Through the
use of previously unannounced patent-
pending technology, SonicWall Capture
Labs security researchers engineered an
advanced method for identifying and
mitigating threats through deep memory
inspection, all in real time.
“Threat actors have been so far ahead of
the game they’ve been able to create highly
evasive malware without the greater industry
even knowing,” said SonicWall President and
CEO Bill Conner. “This new real-time deep
memory inspection technology, coupled
with more than a decade of machine-
learning experience, will help level the
playing field and eliminate some of the
most challenging attack vectors.”
The new SonicWall Capture Cloud Real-
Time Deep Memory Inspection (RTDMI)
technology and engine has been
operational for months and is discovering
hundreds of malware strands not detected
by sandboxing technology.
New products are
constantly emerging
The good news is there are a multitude
of security products out there offering
new ways to protect your systems and
INTELLIGENTCIO
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