Cybersecurity Alert: monetization of malware is one of the 7 biggest threats!

05 April 2016 Internet, IT & e-Discovery Blog Blog
Authors: Peter Vogel

There’s no substitute for training employees to avoid opening obviously suspect email and attachments, and HP Enterprise (HPE) issued a report which disclosed “a continued rise in attackers’ success at infiltrating enterprise networks” and as a result “defenders must accelerate their approach to detection, protection, response, and recovery.”  The HPE report entitled “Security Research Cyber Risk Report 2016” included comments about the pros and cons of market participation that has led to monetization of malware:

The fundamental elements of trade are buyers and sellers, along with the actual exchange of goods and services.

As in any market, if the number of buyers increases, the number of sellers tends to increase as well. In the case where there are incentives for criminal activities, a black or underground market often appears.  

As long as there is someone willing to pay, there will be someone willing to sell.

Security researchers and threat actors seek out vulnerabilities to improve their opportunity for financial gain through the monetization of bugs.

Note this comment in the Report’s introduction:

Security practitioners from enterprises of all sizes must embrace the rapid transformation of IT and ready themselves for both a new wave of regulations and an increased complexity in attacks.

Here are the Themes for the HPE report:

Theme #1: The year of collateral damage

Theme #2: Overreaching regulations push research underground

Theme #3: Moving from point fixes to broad impact solutions

Theme #4: Political pressures attempt to decouple privacy and security efforts

Theme #5: The industry didn’t learn anything about patching in 2015

Theme #6: Attackers have shifted their efforts to directly attack applications

Theme #7: The monetization of malware

No surprises in the Report, but important reminders about improving cybersecurity defenses.

This blog is made available by Foley & Lardner LLP (“Foley” or “the Firm”) for informational purposes only. It is not meant to convey the Firm’s legal position on behalf of any client, nor is it intended to convey specific legal advice. Any opinions expressed in this article do not necessarily reflect the views of Foley & Lardner LLP, its partners, or its clients. Accordingly, do not act upon this information without seeking counsel from a licensed attorney. This blog is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Communicating with Foley through this website by email, blog post, or otherwise, does not create an attorney-client relationship for any legal matter. Therefore, any communication or material you transmit to Foley through this blog, whether by email, blog post or any other manner, will not be treated as confidential or proprietary. The information on this blog is published “AS IS” and is not guaranteed to be complete, accurate, and or up-to-date. Foley makes no representations or warranties of any kind, express or implied, as to the operation or content of the site. Foley expressly disclaims all other guarantees, warranties, conditions and representations of any kind, either express or implied, whether arising under any statute, law, commercial use or otherwise, including implied warranties of merchantability, fitness for a particular purpose, title and non-infringement. In no event shall Foley or any of its partners, officers, employees, agents or affiliates be liable, directly or indirectly, under any theory of law (contract, tort, negligence or otherwise), to you or anyone else, for any claims, losses or damages, direct, indirect special, incidental, punitive or consequential, resulting from or occasioned by the creation, use of or reliance on this site (including information and other content) or any third party websites or the information, resources or material accessed through any such websites. In some jurisdictions, the contents of this blog may be considered Attorney Advertising. If applicable, please note that prior results do not guarantee a similar outcome. Photographs are for dramatization purposes only and may include models. Likenesses do not necessarily imply current client, partnership or employee status.


Related Services