Beyond the breach: cyberattacks force a defence strategy re-think
By Jeremy Wagstaff
SINGAPORE Feb 9 (Reuters) - A barrage of damaging cyberattacks is shaking up the security industry, with some businesses and organisations no longer assuming they can keep hackers at bay, and instead turning to waging a guerrilla war from within their networks.
U.S. insurer Anthem Inc last week said hackers may have made off with some 80 million personal health records. Also, Amy Pascal said she would step down as co-chairman of Sony Pictures Entertainment, two months after hackers raided the company's computers and released torrents of damaging emails and employee data.
Such breaches, say people in the industry, offer a chance for younger, nimbler companies trying to sell customers new techniques to protect data and outwit attackers. These range from disguising valuable data, diverting attackers up blind alleys, and figuring out how to mitigate breaches once the data has already gone.
"Suddenly, the music has completely changed," said Udi Mokady, founder of U.S.-based CyberArk. "It's not just Sony, it's a culmination of things that has turned our industry around."
Worldwide spending on IT security was about $70 billion last year, estimates Gartner. ABI Research reckons cybersecurity spending on critical infrastructure alone, such as banks, energy and defence, will reach $109 billion by 2020.
Several things are transforming the landscape. Corporations have been forced to allow employees to use their own mobile phones and tablets for work, and let them access web-based services like Facebook and Gmail from office computers. All this offers attackers extra opportunities to gain access to their networks.
And the attackers and their methods have changed.
Cybercriminals and spies are being overshadowed by politically or religiously motivated activists, says Bryan Sartin, who leads a team of researchers and investigators at Verizon Enterprise Solutions, part of Verizon Communications . "They want to hurt the victim, and they have hundreds of ways of doing it," he said in a phone interview. Continued...