Keynote Roundup: Mikko Hypponen

Infosecurity Europe

Keynote Roundup: Mikko Hypponen, Chief Research Officer, F-Secure

Missed Mikko Hypponen’s keynote on Profiling the Connected Cybercriminal? Not to worry, here’s an overview of all the key points.

 

 

What was covered in your Infosecurity Europe keynote?

  • A look at profiling the connected cyber criminal and a focus on the importance of research to understand who we are fighting, where the attacks come from, who is behind them and why exactly they are doing them.
  • Only after we understand that, can we start building defences against these attacks.

Why is that such an important issue for the industry at the moment?

  • Ransom trojans are one of the biggest problems hitting customers around the world.
  • Ransom trojans will hit your systems, encrypt your data and then demand a ransom from the victim to get the files back.
  • Right now we are tracking over 100 different ransom trojan gangs who create ransom Trojans to steal money from people all over the world.
  • We clearly have to come up with better solutions for this problem otherwise it’s only going to grow.

What were the key points the audience took away from your session?

  • There has been a massive shift in how governments use offensive cyber attacks to get what they want.
  • We see attacks coming from militaries and intelligence agencies, even from law enforcement.
  • We are entering a new era, we have just got out of the nuclear arms race, we are now going head long into the next arms race, the cyber arms race.
  • Cyber arms are different from what we have seen before, cyber arms are almost the perfect arms, they are effective, they are affordable and they are deniable.
  • That is why we see so much action from governments and their offensive use of cyber attacks.

What are your recommendations for anyone out there addressing this issue?

  • Large companies are taking threats like ransom trojans very seriously and are preparing for them.
  • Companies are starting to hold Bitcoin wallets with Bitcoins in them ready to pay ransoms in order to carry on with their business and operations without interruptions.
  • This is understandable, but not recommended, if victims pay ransom gangs it is only going to make the problem worse.

How do you think this issue will develop over the next 12 months?

  • The biggest changes are happening in the world of connected devices, internet of things and industrial control systems.
  • Everything around us is being run by computers and software.
  • We used to think our job as computer security people was to secure computers, our job is now to secure society as the whole society is now running on computers.

Like what you’ve heard so far? You can listen to Mikko’s full keynote or download the podcast from Itunes below.

 

 

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