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Managing Cyber threat – collaboration delivers but sends a warning of complacency

Craig Richardson, CEO Wynyard Group | April 10, 2015
While collaborative law enforcement operations can help prevent the spread of malware, organisations themselves still need to change their approach to deal with threats that infiltrate their networks without them even knowing.

In both cases, these cyber criminals let loose worldwide infections which had law enforcement agencies worldwide working to combat and bring to justice the criminal organizations behind the attacks.

It's certainly encouraging to see countries and agencies taking steps towards working together to tackle the rising tide of cyber crime and helping improve the defence of our businesses and critical national infrastructure. Collaborative law enforcement operations have seen coordinated activities aimed at disrupting elements of the command and control infrastructure used to spread these pernicious malware families. 

However, the cyber threat landscape is changing rapidly and these cases are minor in scale compared to the bigger problem coming.

Organised crime, cyber crime syndicates for hire and state actors are motived by substantial financial gain, intellectual property theft and the threat of offensive actions.

Successful penetration of critical public infrastructure systems has revealed a more insidious threat arising.  Dynamic advanced threats hidden in time and data. A next generation of deeply embedded threat where the only way to address them is to take an analytics-led approach to cyber security that uses big data to find small clues before they become big problems.

JP Morgan took 210 days to realise that a fundamental cyber breach had taken place.  The financial and reputational impact would have greatly lessened if those subtle anomalies were detected on day one.

Yes, collaboration to tackle and disrupt cyber threats should be seen as a very positive step and we will see this trend continue to grow.  But what remains fact is that organisations themselves still need to change their approach to deal with threats that infiltrate their networks without them even knowing.

According to Frost & Sullivan's 2014 Global Cyber Security Market Assessment, the market value of cyber security solutions is estimated to reach US$22 billion in 2020 in Asia Pacific alone. The expanse of cyber security will be distinctly showcased at the inaugural INTERPOL World 2015, a global platform where world leaders, industry experts and businesses can gather to exchange ideas, discover opportunities and deliver solutions to meet some of the world's most pressing security issues across four key domains: Cybersecurity, Safe Cities, Border Management and Supply Chain Security. 

 

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