Five Cyber Attacks that Made CISOs Rethink Security

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SoakSoak

In December 2014, more than 100,000 WordPress sites were infected by malware called SoakSoak that turned the infected sites into attack platforms. SoakSoak provided an example of vulnerable services becoming infection vectors themselves via Internet downloads. With more than 70 million sites using Wordpress as their content management system, malware authors have a vast install base to leverage any vulnerability that shows up on the publishing platform. At the time, Google flagged 11,000 sites, but that's still not sufficient to track and patch many of the infected sites; unbeknownst to the owners, they were being used to serve malware.

Gartner predicts that by 2020, 30 percent of global enterprises will have been directly compromised by an independent group of cyber activists or cyber criminals. Cyber crime is now considered a profession; malware and exploit kits are created and sold with guarantees to evade security controls. Further, Gartner estimates that while businesses spent more than $71 billion on information security in 2014, nearly $400 billion was lost globally as a result of cyber crime.

Security today is based on the premise that one can detect whether something is good or bad (e.g., web, email, files). This premise is fundamentally flawed as malware continues to evade even the latest security technologies. In this slideshow, Menlo Security CTO Kowsik Guruswamy has identified five different malware attacks that have had a profound impact on the cyber security industry.

 

Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

 
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