Security Market Segment LS
Monday, 16 March 2020 01:39

World in permanent state of ‘cyber war’, claim security professionals

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Security professionals believe the world is in a permanent state of cyber war, with 90% concerned that digital infrastructure will suffer the most damage as a result, according to new research which found that these professionals believe the most vulnerable industries are those that are undergoing rapid digital transformation and are essential to daily life.

According to the research by machine identity protection vendor Venafi, almost 60% of security professional respondents also say that power, water, healthcare and transportation are equally vulnerable to a cyberattack that causes physical damage.

Nineteen percent thought that power was most vulnerable, followed by healthcare (12%) and transportation and water (tied at 5%).

“Security professionals are under constant siege from very sophisticated threat actors targeting government, military and private organisations,” said Kevin Bocek, vice president of security strategy and threat intelligence at Venafi.

“Powerful attack methods, like establishing backdoors with machine identities, are now available as commodity malware, making it harder for security professionals to defend against these attacks.”

Bocek also noted that, “the sophisticated cyberattacks that are the hallmark of nation state attacks often target digital keys and certificates that serve as machine identities”.

“These critical security assets are often poorly protected and provide attackers with the ability to hide in encrypted traffic, pivot across networks and eavesdrop on sensitive data.

“Any organisation that isn’t protecting machine identities at least as well as they protect usernames and password is at greater risk of becoming a victim of a cyberattack.

And, unfortunately, these risks are unlikely to change in the near term because most organisations are just beginning to understand these risks.”

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Peter Dinham

Peter Dinham - retired and is a "volunteer" writer for iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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