2017 – A Year of mounting Risks
Cybercriminals continue to find new ways to deliver malware, crack and hack vulnerable data-bases. As the digital footprints of businesses continue to expand, this opens ever more possi-bilities for cyber criminals to attack and disrupt business processes. In the near future there is likely to be a significant rise in autonomous malware and attacks that will be even more diffi-cult to counter that today. The threat of ransomware has been known for some time now, but there is likely to be a focus on high profile targets in the coming year. The attack on the Lich-tenstein Bank Valartis in November and subsequent threat to disclose details of financial transactions to the authorities unless a ransom was paid is an example of such practices. The attack on the Bundestag and Deutsche Telekom could easily have been trial runs and are the sign of things to come.
The American election has shown, that cyber-attacks can influence elections. With Europe facing three significant elections in 2017 we can expect that external forces will attempt to influence the outcome of these elections.
Moscow adamantly denies using disinformation to influence Western public opinion. However, Gleb Pavlovsky, who helped establish the Kremlin`s information machine before 2008, is quoted in the New York Times as stating “I am sure there are a lot of centers, some linked to the state, that are involved in inventing these kind of fake stories”.
The planting of false stories is nothing new and was in the past an important part of military doctrine. Today it remains a part of military doctrine as we can observe in the Ukraine, Crimea and Syria. What is new is that it is being directed at political debates in target countries with far greater sophistication and volume than in the past.
Many companies and most governments have ignored the threats posed by the Internet and have focused on leveraging the internet to increase productivity. It is now high time to recog-nize the risks and start managing them effectively.
Disclaimer: Assessments of security situations are based on the information available at the time specified and assessed as trustworthy by German Business Protection (GBP). Although the compilation of the information was handled with extreme care, GBP cannot be made responsible for the timeliness, accuracy or completeness of the article. In no event GBP can be held responsible for any damage of any kind arising from the use of the information provided here, whether direct or indirect or consequential damages, including lost profits. Hazardous situations are often confusing and can change rapidly.