Five Cyber Attacks that Made CISOs Rethink Security

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Eliminating Malware

Any attempt to categorize a website as good or bad, with respect to malware, is a false notion and we are fooling ourselves into thinking that this is even possible. With billions of dollars being spent on enterprise security, we are nowhere closer to securing our users or making the Internet a safe place. As an industry, we need to step back and think about definitive ways to eliminate attacks, not just detect them or react to them after the damage is already done.

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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