Security News
To thwart increasingly dangerous cyber criminals, law enforcement agents are working to "Burn down their infrastructure" and take out the tools that allow them to carry out their devastating attacks, FBI Director Christopher Wray said Wednesday. Unsophisticated cyber criminals now have the power to paralyze entire hospitals, businesses and police departments, Wray said during a conference on cybersecurity at Boston College.
Over just the last three years, Chinese cyber criminals have gone from relatively solitary players to adopting the same tactics favored by organized crime syndicates in Russia and other nations with lax cyber crime laws and enforcement. "According to 2018 Internet Development Statistics, China's cybercriminal underground was worth more than US $15 billion, nearly twice the size of its information security industry. The same Chinese-language source also shows that China's cybercrime is growing at a rate of more than 30 percent a year. An estimated 400,000 people work in underground cybercriminal networks."
Though SpyCloud helped bring this particular criminal to justice, these tactics are common in targeted attacks. Targeted attacks are manual, creative, and elusive, making them one of the most difficult aspects of security and risk management.
It’s important for businesses of all sizes to not only view their suppliers’ attack surface as their own but also extend some of their security protections.
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