Many firms concentrate on the wrong questions and end up throwing a great deal of money and time at

Aug 17th, 2016
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Many firms concentrate on the wrong questions and end up throwing a great deal of money and time at minimal security risks while ignoring major vulnerabilities. Why do you think they do this? What are some ways you could help prevent this from happening?

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Answer-------------Large organizations should prepare themselves for more-clever and more-targeted attacksagainst their security infrastructures this year. Thats the one thing law-enforcement officials,security experts, and industry executives agree on. Everything else from the proper way toassess damages after a security breach to whether or not companies should report thesebreaches to the Federal Bureau of Investigation seems to be up for debate.We are currently seeing attacks like we have never seen before, says Bruce Helman, unitchief overseeing technology issues for the FBIs Counterintelligence division. Many arecoming from Eastern Europe and are more sophisticated and more difficult to detect.Increasingly, Helman says, these attacks are perpetrated for money rather than hacker thrillsand boasting rights as was the case in years past. Hacker groups have added financial savvyto their technical skills and have become masters of blackmail, and of negotiating withcompanies to extort the maximum amount of cash from them.Until recently, Helman says, many of these groups didnt know how to calculate theirdemands and asked for absurdly small amounts of money for either returning sensitive data orstopping automated attacks. Now, he says, they routinely demand $10,000 to $50,000, andmany companies are more than willing to pay up in order to hush up the security breach. Asin all forms of blackmail, a one-time payment is no guarantee again

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