An increase in state-sponsored acts of cyber espionage has alarming implications for every business.
Not just because the victims are found across the corporate world – the notorious Russia-orchestrated SolarWinds attack compromised 18,000 companies as well as US government agencies – but because the hackers’ capabilities bleed into organised crime.
The company was attacked by REvil, one of several Russian-speaking ransomware gangs that have made millions by hacking organisations, encrypting their files and demanding large payments in return for a decryptor key and a promise not to leak the files publicly.
Organised crime groups have developed lucrative business models around phishing and ransomware attacks – and these techniques are then incorporated into the standard hacker arsenal.
Acts of war
In future, a US president could consider economic sanctions, cyber-retaliation or even a military strike if key US computer systems were attacked. The planning became a higher priority after a cyberattack on defence contractor Lockheed Martin in May.
Pentagon spokesman Col Dave Lapan warned: “A response to a cyber incident or attack on the US would not necessarily be a cyber-response. All appropriate options would be on the table.”
This is taking us into dark territory, where governments could be effectively at war, secretly conducting cyber espionage against each other by sponsoring hackers to take down each other’s defence, energy and corporate sectors.
High collateral damage
We are reminded of the surreal world of the film Dr Strangelove and its nuclear Doomsday Machine, which spawned the dilemma: “Of course, the whole point of a Doomsday Machine is lost, if you keep it a secret! Why didn't you tell the world?”
What this means in the real world is that the collateral damage of these escapades is high impact and unpredictable. Every business needs to re-consider its cyber security, evaluate where the greatest risk lies and take action to counter it.
C2 Cyber’s proprietary COBRA platform helps you identify that risk and focus your limited resources on reducing it.
C2 Cyber are experts in cyber security. To protect your business from cyberattack, call us today on +44 (0) 20 7965 7597 or book an appointment.