Cyber Crime on a Global Scale

ScaleOfCyberCrime.jpg

Cyber bad guys operate at all levels, from intercepting your car's bluetooth, to using apps and the Internet to steal private financial details of tens of millions of citizens.
Even a single person can create cybercrime mayhem.
In April 2015, Navinder Singh Sarao, a 36-year-old, appeared in court in the UK wearing baggy sweatpants, running shoes and a hoodie. This small-time investor drove a broken-down car, and lived in his parents' run-down flat near the flight path of Heathrow airport. But back on 6th May 2010, he had used off-the-shelf software to manipulate high-frequency trading algorithms to create the infamous 'flash crash'.
He sent the Dow Jones industrial average on a wild ride up and down some 1000 points. He briefly wiped over $1 trillion from the stock markets. To put that in perspective, that's about 1/60 of the gross domestic product of the entire planet, for a whole year. And along the way, using techniques called 'spoofing' and 'layering', he picked up $40 million, all done using a simple home computer.
Given it's that easy for one person to create havoc, think how much easier it would be for a government with all of its resources. People talk about 'cyber warfare', but it is a fairly vague term, referring to governments attacking other governments. Specifically, what happens when governments use the internet for sabotage, espionage and subversion.
Financial markets, military assets, communication networks, infrastructure of many types, if it's got a computer, it can be hacked.
In September 2010, the nuclear enrichment facilities in Iran were attacked by the Stuxnet-worm.
The Iranians were purifying uranium up to weapons-grade using centrifuges. These centrifuges were taken over by this worm. They spun so quickly they destroyed themselves. But while the attack was actually happening, the control panels of the Iranian operators wrongly indicated that the centrifuges were spinning normally.
This attack delayed the Iranian weapons-grade uranium program by over a year. Who did this? In June 2012, the New York Times claimed that President Obama had authorised this sabotage.
A modern country relies absolutely on infrastructure — sewerage, transport, drinking water, power, and so on. In 2009, President Obama said: "cyber intruders have probed our electrical grids".
Then, in 2012, an American company that monitors over 50 per cent of the gas and oil pipelines in the USA discovered that the Chinese had hacked its computer systems.
Were the Chinese simply looking for industrial secrets? Or were they planting bugs, so that they could shut down the US energy grid if China and the USA were to have a conflict sometime in the future?

In 2012, Iranian hackers took control of 30,000 computers belonging to the world's largest oil producer, Saudi Aramco. We know they changed the Aramco logo to a burning US flag. But what else did they do?

In March 2013, the major banks and broadcasting TV stations in South Korea were hacked. Was North Korea to blame, or was it somebody pretending to be North Korea?
In the Middle East, the Syrian Electronic Army hacked into the Twitter account of Associated Press. They then published a fake news item about a bomb at the US White House. That incident alone sucked $136 billion out of the US Equity Market.
One of the beauties of cyber warfare is its anonymity. While there are suspects, there is often still not enough information to positively identify the culprits.
Cyber warfare can also be done relatively cheaply. But of course, you get better results if you spend more.
In May 2010, the four-star general, Keith Alexander, was put in charge of the newly formed US Cyber Command. By 2014, its budget had jumped from $1 billion to $4.7 billion. They claim they need this money to deal with incessant attacks from other governments.
As part of their recruitment, the US Defense Department has annual competitions with cyber warriors running banks of military computers. Each team typically has to protect five computers (which are running seven different operating systems) against relentless waves of ever-sophisticated cyber attacks. 
China and many other countries are doing the same. After all, since time immemorial, teenagers have been given weapons and told to fight. Apparently this is the 21st-century version.
Ein News:  http://bit.ly/1Llc8Bs

 

« FBI Director says ISIS Could Cyberattack the US
Silicon Valley a Major Player in Cyberwarfare »

ManageEngine
CyberSecurity Jobsite
Check Point

Directory of Suppliers

Jooble

Jooble

Jooble is a job search aggregator operating in 71 countries worldwide. We simplify the job search process by displaying active job ads from major job boards and career sites across the internet.

Resecurity

Resecurity

Resecurity is a cybersecurity company that delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence.

The PC Support Group

The PC Support Group

A partnership with The PC Support Group delivers improved productivity, reduced costs and protects your business through exceptional IT, telecoms and cybersecurity services.

CYRIN

CYRIN

CYRIN® Cyber Range. Real Tools, Real Attacks, Real Scenarios. See why leading educational institutions and companies in the U.S. have begun to adopt the CYRIN® system.

North Infosec Testing (North IT)

North Infosec Testing (North IT)

North IT (North Infosec Testing) are an award-winning provider of web, software, and application penetration testing.

BruCON

BruCON

Brucon is Belgiums premium security and hacking conference.

Open Networking Foundation (ONF)

Open Networking Foundation (ONF)

The Open Networking Foundation (ONF) is a non-profit operator led consortium driving transformation of network infrastructure and carrier business models.

Marsh

Marsh

Marsh is a global leader in insurance broking and risk management and has been a leader in combatting cyber threats since their emergence.

Cifas

Cifas

Cifas are leaders in fraud prevention, working closely with UK law enforcement partners.

CERT Bulgaria (CERT.BG)

CERT Bulgaria (CERT.BG)

CERT Bulfaria is the National Computer Security Incidents Response Team for Bulgaria.

Telspace Africa

Telspace Africa

Telspace Africa provide the highest level of IT security solutions including advisory, penetration testing, vulnerability assessments, red teaming, social engineering and training.

United Security Providers

United Security Providers

United Security Providers is a leading specialist in information security, protecting IT infrastructures and applications for companies with high demands on security.

CyberCareers.gov

CyberCareers.gov

CyberCareers.gov is a platform for Cybersecurity Job Seekers, Federal Hiring Managers and Supervisors, Current Federal Cybersecurity Employees, Students and Universities.

S2S Group

S2S Group

S2S Group specialise in the destruction and management of IT assets at the end of the lifecycle.

SECFORCE

SECFORCE

SECFORCE is a leading information security consultancy specialising in bespoke penetration testing and red team engagements.

Axis Security

Axis Security

Axis Security technologies transform open networks and vulnerable applications into fully protected resources that the business can trust.

WithSecure

WithSecure

WithSecure (formerly F-Secure Business) is your reliable cyber security partner, providing outcome-based cyber security that protects and enables operations.

watchTowr

watchTowr

Continuous Attack Surface Testing, with the watchTowr Platform. The future of Attack Surface Management.

Sababa Security

Sababa Security

Sababa Security is the first Italian innovation cyber security vendor, that provides security products, training, and managed services to protect diverse IT and OT environments.

Bulletproof Solutions

Bulletproof Solutions

Bulletproof provides IT expert support, services, and guidance to businesses small and large as they grow and adapt to today’s complex IT, cybersecurity, and compliance needs.

SydeLabs

SydeLabs

At SydeLabs, our mission is to ensure the comprehensive security of your AI systems.