#3 – Attack of the Internet of ‘Thingys’

This show is not about what you want to hear – it is about telling you what you need to know to be aware of damaging things on the internet.LISTEN-NOW-DIY-CYBERGUY

It’s is about putting tools in your hands so you don’t have lie awake at night worrying, but you don’t put your head in the sand either. You can keep yourself and your data safe – and this show helps you do that. Be aware, and protect yourself online.

We have another great show for you show today:

  • Sobering report from the World Economic forum. And, by ‘sobering,’ I mean: if you don’t already have a drinking problem, this could cause one!
  • We talk about the IoT Christmas, and new things to watch out for
  • Great interview with David Redekop of DNS-Thingy
    • Internet of things
    • Botnets
    • More
  • Wrap up by answering a few guest questions

World Economic Forum Releases Annual “Global Risks” Report

International not-for-profit that has been known for being independent and impartial since it was founded in 1971.

Their famous annual meeting started this week on January 23, 2018, and with it – the release of their annual report on Global Risks.

According tho the report, Cyberattacks rank #3 after:

  • Extreme weather events
  • Natural disasters

Cyberattacks rank about the same as “Failure of climate-change mitigation and adoption,“

Cyberattacks have a greater impact than :

  • Food Crisis,
  • Spread of Infection diseases, and
  • Terrorist attacks.

The report says:

Cybersecurity risks are also growing,

both in their prevalence and in their

disruptive potential. Attacks against

businesses have almost doubled

in five years, and incidents that

would once have been considered

extraordinary are becoming more and

more commonplace. The financial

impact of cybersecurity breaches

is rising, and some of the largest

costs in 2017 related to ransomware

attacks, which accounted for 64% of

all malicious emails. Notable examples

included the WannaCry attack—which

affected 300,000 computers across

150 countries—and NotPetya, which

caused quarterly losses of US$300

million for a number of affected

businesses. Another growing trend

is the use of cyberattacks to target

critical infrastructure and strategic

industrial sectors, raising fears that, in

a worst-case scenario, attackers could

trigger a breakdown in the systems

that keep societies functioning. Cyber breaches recorded by

businesses have almost doubled

in five years, from 68 per business

in 2012 to 130 per business in

2017.36

Report goes on to talk about how virus and malware are actually for sale on the deep web (or Dark net):

Having been choked off

by law enforcement successes in

2010–2012, “dark net” markets for

malware goods and services have

seen a resurgence in 2016 alone,

357 million new malware variants

were released, and “banking trojans”

designed to steal account login details

could be purchased for as little as

US$500.38 In addition, cybercriminals

have an exponentially increasing

number of potential targets, because

the use of cloud services continues to

accelerate and the Internet of

Things is expected to expand from

an estimated 8.4 billion devices in

2017 to a projected 20.4 billion in

2020.39

What would once have been

considered large-scale cyberattacks

are now becoming normal. For

example, in 2016, companies revealed

breaches of more than 4 billion data

records, which is more than the combined

total for the previous two years.

The cost of cybercrime to businesses over the

next five years is expected to be US$8 Trillion.

Conclusion: you are listening to the right show. If you don’t have a professional IT department managing your computers AND your network, you need to be aware of the issues – so these mammoth problems don’t effect YOU.

All you can do is remain aware, and my hope for this show is that we keep you safely away from some of these profound and destructive attacks.

Here is the report from the World Economic Forum:

http://www3.weforum.org/docs/WEF_GRR18_Report.pdf

IoT Christmas Recipients

What is an ‘IoT,’ and did you get one for Christmas?

  • Any thing that connects to the internet
  • Problem is the vulnerabilities

Interview: David Redekop DNS Thingy

https://www.DNSThingy.com

Other Links:

https://www.linkedin.com/in/schropfer

David’s latest Book on Amazon

David’s Latest Book on Barnes and Noblehttps://www.facebook.com/DIYcyberguy/

Published by

David W. Schropfer

David W. Schropfer is the CEO of AnchorID, Incorporated, a cybersecurity company in New York (www.AnchorID.com).  Every day, he and his team of professionals keep the people who use AnchorID safe from some of the most common traps, hacks and attacks that target computer systems of all sizes. David’s previous books, including The Smartphone Wallet and three industry whitepapers, predicted some of the biggest trends in the payments, mobile, and security industries.  Since graduating Boston College, David earned an Executive MBA from the University of Miami.

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