HEADLINE: FBI Director Warns of ‘Rapidly Expanding’ Cyberterrorism Threat

05 March 2010 Internet, IT & e-Discovery Blog Blog
Authors: Peter Vogel

The Robert S. Mueller III’s (FBI Director) warning is not a surprise but how the IT community deals with these threats impact us all. Homeland Security Secretary Janet Napolitano “admitted there is an urgent need to step up efforts to protect Americans from cyber attacks.” Also Ms. Napolitano’s predecessor Michael Chertoff, former DHS secretary, under President George W Bush, agreed. "We are seeing in the intervening time the adversaries, whether they be criminals or nation states or terrorists, are not taking time off. So with each passing year, the need to move faster becomes greater." So far new the Cyber Czar as been low profile, but based on these presentations at the recent RSA Conference that low profile cannot continue.

Cyber Crime: A Clear and Present Danger

Deloitte’s recent white paper is the result of the 2010 CSO (Chief Security Officer) CyberSecurity Watch Survey in conjunction with the CSO Magazine, the US Secret Service, and the CERT Coordination Center at Carnegie Mellon. The white paper concludes that:

Data is more valuable than money. Once spent, money is gone, but data can be used and reused to produce more money. The ability to reuse data to access on-line banking applications, authorize and activate credit cards, or access organization networks has enable cyber criminals to create an extensive archive of data for ongoing illicit activities.

There is a clear message about how vulnerable businesses are and how every business must be vigilant or risk great damages.

Tweet this: Social Network Security is Risky Business

With the recent report of 50 million tweets a day it’s no wonder that a panel at the RSA Conference devoted a great deal of discussion to how vulnerable social networks are. Cybercrime is so easy because users of Facebook, Twitter, and MySpace are easy marks since the feel at ease communicating with their “friends.” However cybercriminals can more easily Web 2.0 commit cyber crime because most “...users are willing to click if they think, ‘It’s my friend. I’m OK, because I’m inside my network and that’s Fred. Only it’s not Fred, it’s Fred’s hijacked account." So all in all, things are becoming more dangerous and apparently businesses and web 2.0 social networkers are still not getting the scope of their risk!
 

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