Cyberattacks outstripping defences

Cyberattacks outstripping defences

Summary: Cyberattacks today have become so complex that there may be no real way to completely protect against them, internet security researchers have warned.

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Cyberattacks today have become so complex that there may be no real way to completely protect against them, internet security researchers have warned.

Speaking to the media in Kuala Lumpur at this week's Hack in the Box Security Conference, Lance Spitzner, president of the Honeynet Project, said malicious software writers have been producing sophisticated codes, motivated mainly by the prospect of making millions of dollars from their exploits.

"The techniques used by criminal hackers are changing so rapidly now that it's difficult to keep up with them," Spitzner said. "In the end, it's all about returns on investment [for the hackers] because, by changing their attacks, there is so much more money to make."

An organisation dedicated to improving the security of the internet, the Honeynet Project employs a network of "honeypots", internet-attached servers that behave as decoys to lure potential hackers in order to study their techniques and monitor malicious activities.

Spitzner said that, in the past, security threats on the internet were motivated more by the desire for notoriety, creating chaos or fame, rather than by the desire for profits.

But he noted that hackers, since 2003, have become extremely organised and it is all about the money now.

"We are dealing with sophisticated attacks that are constantly adapting and changing, with the end goal of making as much money at the lowest risk levels possible," Spitzner said. "In the past 18 months, what has astounded me is not how sophisticated the tools are but how fast they have adapted and changed."

A good example of how fast criminal hackers are adapting is evident in the recent resurgence of the Storm Worm â€" first discovered in January â€" last month, which lured unsuspecting web users into downloading malicious codes onto their PCs, he said.

Like Do-gooder Trojans, these codes are then used to steal valuable data, such as bank account numbers and passwords, he added.

Spitzner noted that users can best protect themselves by observing basic security practices. "Prevention is the best policy," he said. "For instance, make sure your browsers have the latest patch and stay away from dodgy websites. Our research has shown that taking such steps will dramatically reduce the risks of being infected."

Mikko Hypponen, chief research officer at security company F-Secure, agreed that malicious codes in the market today are a lot more advanced and stealthy than those previously seen.

"Banking Trojans", for instance, are the latest iteration of malicious software capable of stealing data even from most careful of users, Hypponen said in his keynote address at the conference on Tuesday.

"Banks today have made it harder for malicious activities to take place by using simple static username, pin and password-authentication mechanisms, or the use of one-time passwords, challenge-and-response pairs and token authentication," he explained.

"However, these methods don't address man-in-the-middle attacks or banking Trojans," he said. "This kind of software silently sits on an infected computer for weeks until a user logs online into his bank to pay some bills. When that happens, the Trojan silently inserts [fake] 'bills' without the user's knowledge [and makes it seem] as though he is paying his bills."

Topics: Malware, Banking, Security

Edwin Yapp

About Edwin Yapp

An engineer by training, Edwin first cut his teeth as a cellular radio frequency optimization engineer in one of Malaysia's largest telcos.
After more than five years, he hung up his radio engineering boots to try his hand at technology reporting at The Star, Malaysia's leading English daily, where he won several awards for Best Online Technology reporting.
He left to start his own editorial consultancy and is now a freelance journalist for several publications, including ZDNet Asia.
A self-confessed gadget geek, Edwin hopes his blog contributions will stir up deeper discussions within the Malaysian technology scene.

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