Ransomware attack trends will split based on motives
Ransomware as a disruptive or destructive attack will increase. Cyber warcraft is the new oil – in essence, total control of corporate networks or industrial plants have become as valuable as energy resources and motivate nation states. However, we will see a decrease in ransomware purely for financial gain as fewer victims pay up.
North Korea will continue to use cyber-attacks to gain access to much-needed hard currency. North Korea showed the world their cyber skills when hackers successfully stole $81 million from New York Federal Reserve in 2016 and when hackers launched the WannaCry attack on the NHS in May 2017. Although, the hackers intended to get away with $1 billion in the New York Federal Reserve attack, $81 million is still a significant loss. The army of hackers is 6,000 strong, demonstrating that the country poses a devastating threat to any targets it chooses. Further, North Korea’s lack of electronic infrastructure makes it less susceptible to retaliatory cyberattacks than most nations. Even more concerning, the lines between nation state cyberwarfare and cybercrime will become increasingly blurred.
Posted by: Dean Alvarez November 14, 2017 in THIS WEEK’S GURUS
