Five Cyber Attacks that Made CISOs Rethink Security

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From Safe Software to Pervasive Malware

We are seeing a pattern with Chrome extensions, Wordpress plug-ins and the like; software that starts out safe is turned into malware either through exploitation or a software update. When a user visits a website, it's impossible for existing security mechanisms to detect if it is a site that is serving malware or not. Even enterprises that have restricted outbound web access could still be easily compromised by a vulnerability like this because of how prominent Wordpress is.

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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