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Channel: Dennis Goedegebuure, Author at The Next Corner
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Are you sure about your security online?

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Ever since my mother was scammed on WhatsApp through a social engineering hack, I have an increased interest in everything around cyber security and how it is impacting the daily life of normal people not working in technology. Here is a fascinating story behind the ransomware attacks lately published on the WashingtonPost (paywall alert).

Although the article is focussing on companies, my expectations are these attacks will move into the consumer space once companies have beefed up their security and it becomes easier to hack a large number of consumers than one or two companies. Millions of small payments are equivalent to one large payment, where the opportunity to infect many consumers might be easier given the lack of protection.

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How well protected are you against ransomware? What data is at stake? Family memories in pictures and video, or all your financial information and tax returns? Would you pay for an encryption key? Can you buy personal cyber insurance like companies do?

With more and more connected devices, the likelihood you fall victim to an attack increases. Before you know it, by clicking on a link you open your home network to an attack, and your new connected fridge starts to mine bitcoin or is part of a zombie network.

In the past, I had my WordPress blog hacked. Which was annoying, but could be fixed with a simple re-install and re-upload of all content which I had a backup for. It was a valuable lesson what could happen to my personal files and information, which triggered a system for regular backups, on multiple harddrives and clouds. Also passwords have been in an ongoing refresh cycle to prevent being compromised, but I’m dying for a more scalable solution, since I’m running out of combinations which I can easily remember. Since I don’t want to store passwords in a browser, nor want to write them down, what can I do?

Ransomware & Increased Threads in the Corporate World

There is proof in the growth in the cyber security industry through the increased funding in companies which tackle a small piece of the puzzle. There is a constant race against nation states, hacker consortiums or cyberpunks on the wrong side of the law. Just today, two announcements for new funding rounds in AttackIQ ($44m Series C), which provides a breach and attack simulation system to help businesses validate their cyber defenses (source), and in Arctic Wolf ($150m Series F), which provides security experts to act as an extension of a company’s internal cybersecurity team (source).

Only halfway through the year, 2021 already has surpassed the record-breaking $7.8 billion raised by security companies last year.

According to Crunchbase data, $9 billion has flooded into the sector in 309 deals in the first six months of the year — more than double the $4.4 billion the industry realized in the first half of 2020. The second quarter alone saw $5.2 billion — compared to less than $2 billion for the same quarter last year.

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Meanwhile, as a consumer, should you adopt the zero-trust concept in how you navigate online? Not trusting any email attachment or link sent through an instant message from one of your contacts?

Zero-trust was first coined in 2010, but applications are still being discovered and large businesses are being built around the idea. Zero-trust, for those getting up to speed, is the assumption that anyone accessing your system, devices, etc., is a bad actor.

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What should you keep in mind or pay attention to as a consumer? I’m starting this research journey myself now, trying to understand the upstream systems which might become an access point to my data, systems or home network. The Solarwind hack was eye opening for my understanding that the weak point might be somewhere else, you do not always have full control over.

Meanwhile, should you rely on the efforts of law enforcement, local governments, or bilateral agreements between nations to take down attack groups (source & i.e. 1, 2, 3, more). Or can you start building up your own defenses?

A couple of articles I’ve collected over just the last couple of months since I started this research journey.

A collection of articles on the Solarwinds hack:

Other interesting articles which I would have missed if it wasn’t for my priority in researching this space

I know it takes a lot of time to keep yourself up to date on all the threads out there. However, if you work online on a daily basis, you’ll need to keep up what it happening.

The post Are you sure about your security online? appeared first on The Next Corner.


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