President Obama on Monday urged de-escalation of a potential arms race involving cyberweapons. The president’s remarks followed his meeting with world leaders, including Russian President Vladimir Putin, at the G20 Summit in Hangzhou, China.
The U.S. has more offensive and defensive capability than any other country on Earth, Obama noted.
Citing a new era of significant cyberwarfare capabilities, the president urged moving into a space where leaders begin to institute some norms to prevent global escalation from spinning out of control.
“We’re going to have enough problems in the cyberspace with non-state actors who are engaging in theft and using the Internet for all kinds of illicit practices, and protecting our critical infrastructure, and making sure our financial systems are sound,” Obama said, “and what we cannot do is have a situation where this becomes the Wild, Wild West, where countries that have significant cybercapacity start engaging in competition — unhealthy competition or conflict through these means when, I think wisely, we’ve put in place some norms when it comes to using other weapons.”
Tensions recently have been building in U.S. relations with Russia, which is suspected of involvement in a recent series of cyberattacks against the Democratic National Committee, the Hillary Clinton presidential campaign, and agencies of the U.S. government.
Several of those attacks resulted in leaks to the Wikileaks, which published stolen information online. The Clinton campaign has suggested that Russia may be trying to undermine the presidential election, possibly to benefit Republican candidate Donald Trump.
New evidence implicating Russia in attempts to undermine the U.S. election has come to light, wrote Senate Minority Leader Harry Reid, D-Nev., in a letter to FBI Director James Comey, late last month.
FBI officials previously confirmed they were investigating cyberattacks of several party and government organizations.
The concerns about foreign entities influencing the U.S. presidential election grew with recent reports that hackers breached voting systems in Illinois and Arizona. Personal information of thousands of Illinois voters was compromised.
A known Russian hacker is suspected of using malware to compromise credentials of a county user in order to access the statewide voting registration system, Matt Roberts, a spokesperson for the Arizona Secretary of State’s office confirmed last week.
Officials at the Russian Embassy to the United States did not respond to new inquiries, but they previously dismissed allegations that the Kremlin had any link to cyberattacks on the DNC or U.S. government agencies.
An escalation in cyberwarfare is a far different dynamic than an actual arms race, because in a cyberscenario there is no way to really know the full capabilities of an adversary, cautioned Martin Libicki, an adjunct management scientist at RAND and distinguished visiting professor at the U.S. Naval Academy.
“To some extent, countries keep their best stuff under wraps against the day when they might have to use it,” he told TechNewsWorld. “Conversely, the whole point of having a nuclear deterrent is to scare people — and people cannot be scared by what they don’t know about.”
In terms of the potential for Russia influencing the U.S. election, which is a growing fear, the threat is relatively limited, Libicki added, as different states have different methods of voting, and fully electronic voting is the exception rather than the rule.
Companies See Work From Home As A Security Threat
Once rare, telecommuting has become routine during the pandemic.
But the Financial Times (FT) reported moving from a furnished office space to a living room table can present cybersecurity risks. It comes as cybercriminals are already taking advantage of the pandemic.
Hackers find ways into computers, tablets and cellphones to steal data and other valuable information. As more devices connect to the web, it creates more opportunities for these thieves, FT reported
“When everybody has to move to homeworking, everyone has to become their own cybersecurity expert and make their personal network as robust as they can,” Roderick Jones, founder of cybersecurity protection group Concentric Advisors told FT. “Otherwise they risk exposing their corporate information.”
Already, cyberattackers have attempted to exploit the chaos caused by the pandemic.
The International Criminal Police Organization (INTERPOL), the worldwide police cooperation and crime control network based in France, reported 907,000 spam messages, more than 700 malware attacks and 48,000 malicious domains that mention the coronavirus were discovered from January through April, according to FT.
IBM reported the average cost of a single breach for a business is nearly $4 million, according to FT. About 70 percent of the 500 companies surveyed said that they expected remote working during the pandemic to increase the cost of a breach; four-fifths told researchers said they expected it will take longer to notice and secure a breach.
Last month, an AT&T survey of 800 cybersecurity professionals revealed 70 percent of those employed by big businesses said remote working leaves them more vulnerable to cyberattacks, FT reported.
In separate news, PYMNTS reported that bad actors taking advantage of the pandemic has caused a surge in cybercrime and fraud attempts.
Lukayn Hunsicker, vice president of Product Management, Financial Solutions at Feedzai, told PYMNTS financial institutions and other service providers need to step up their fraud-fighting strategies. They not only need to fight crime, but collaborate with the customer to ensure security without compromising the user experience.
Google removes 17 Android apps caught engaging in WAP billing fraud
Google has removed this week 17 Android applications from the official Play Store. The 17 apps, spotted by security researchers from Zscaler, were infected with the Joker (aka Bread) malware.
“This spyware is designed to steal SMS messages, contact lists, and device information, along with silently signing up the victim for premium wireless application protocol (WAP) services,” Zscaler security researcher Viral Gandhi said this week.
The 17 malicious apps were uploaded on the Play Store this month and didn’t get a chance to gain a following, having been downloaded more than 120,000 times before being detected.
The names of the 17 apps were:
- All Good PDF Scanner
- Mint Leaf Message-Your Private Message
- Unique Keyboard – Fancy Fonts & Free Emoticons
- Tangram App Lock
- Direct Messenger
- Private SMS
- One Sentence Translator – Multifunctional Translator
- Style Photo Collage
- Meticulous Scanner
- Desire Translate
- Talent Photo Editor – Blur focus
- Care Message
- Part Message
- Paper Doc Scanner
- Blue Scanner
- Hummingbird PDF Converter – Photo to PDF
- All Good PDF Scanner
Following its internal procedures, Google removed the apps from the Play Store, used the Play Protect service to disable the apps on infected devices, but users still need to manually intervene and remove the apps from their devices.
JOKER IS THE PLAY STORE’S BANE
But this recent takedown also marks the third such action from Google’s security team against a batch of Joker-infected apps over the past few months.
Before that, in July, Google removed another batch of Joker-infected apps discovered by security researchers from Anquanke. This batch had been active since March and had managed to infect millions of devices.
The way these infected apps usually manage to sneak their way past Google’s defenses and reach the Play Store is through a technique called “droppers,” where the victim’s device is infected in a multi-stage process.
The technique is quite simple, but hard to defend against, from Google’s perspective.
Malware authors begin by cloning the functionality of a legitimate app and uploading it on the Play Store. This app is fully functional, requests access to dangerous permissions, but also doesn’t perform any malicious actions when it’s first run.
Because the malicious actions are usually delayed by hours or days, Google’s security scans don’t pick up the malicious code, and Google usually allows the app to be listed on the Play Store.
But once on a user’s device, the app eventually downloads and “drops” (hence the name droppers, or loaders) other components or apps on the device that contain the Joker malware or other malware strains.
The Joker family, which Google tracks internally as Bread, has been one of the most ardent users of the dropper technique. This, in turn, has allowed Joker to make it on the Play Store —the Holy Grail of most malware operations— more than many other malware groups.
In January, Google published a blog post where it described Joker as one of the most persistent and advanced threats it has dealt with in the past years. Google said that its security teams had removed more than 1,700 apps from the Play Store since 2017.
But Joker is far more widespread than that, being also found in apps uploaded on third-party Android app stores as well.
All in all, Anquanke said it detected more than 13,000 Joker samples since the malware was first discovered in December 2016.
Protecting against Joker is hard, but if users show some caution when installing apps with broad permissions, they can avoid getting infected.
IN OTHER ANDROID SECURITY NEWS
Bitdefender reported a batch of malicious apps to Google’s security team. Some of these apps are still available on the Play Store. Bitdefender didn’t reveal the name of the apps, but only the names of the developer accounts from which they were uploaded. Users who have installed apps from these developers should remove them right away.
2 Companies Ready For a Huge Cybersecurity Opportunity
It was always there. But it would be naive to say the COVID-19 pandemic hasn’t accelerated the cybersecurity market’s growth pace. With millions of employees still — and perhaps permanently — working from home, many enterprises remain far too vulnerable to hacking and digital security breaches.
The depth of the need for cybersecurity solutions, however, may still not be fully appreciated by investors. That in turn means that cybersecurity providers Palo Alto Networks (NYSE:PANW) and Fortinet (NASDAQ:FTNT) may remain underestimated. Not only are they two of the top names in the business, but each has a security solution available right now for employees connecting to a company’s network from home.
A couple of recent predictions flesh out this opportunity.
Just the beginning
The cybersecurity market is currently worth around $200 billion, according to numbers from Mordor Intelligence, but it’s on pace to grow a bit more than 14% per year through 2025. That’s impressive, particularly compared to other industries’ growth outlooks.
But it’s an estimate that still fails to adequately paint a complete picture of what the right company could do given the opportunity at hand. Even with power players like the aforementioned Fortinet and Palo Alto in place, Mordor says the market remains highly fragmented. Both companies could continue to make acquisitions, achieving economies of scale as they expand.
Even without dealmaking, though, the industry’s rising tide will lift these boats.
Technology market research firm Gartner supplies one of the clearest reasons to expect that tide to keep rising. Last month it opined that “bring your own PC,” or BYOPC, security will be normalized in five years or less. And within 10 years, secure access service edge, or SASE, will be the norm for enterprise-level organizations.
The terms and their acronyms may not mean much to the layperson, but cybersecurity folk may be nodding their heads in agreement. Bringing-your-own-PC security is exactly what it sounds like. Rather than a tech department issuing devices to workers with security features pre-installed, employees procure their own devices and then — hopefully — take all the necessary steps to ensure cloud-based connections are secure. A secure access service edge is a newer digital security theme that creates a networking environment that allows for, among other things, BYOPC.
In some regards, they’re the next step in the natural evolution of connectivity. Gartner may not be overstating things, however, when it suggests the two technologies “will have transformational impact on global businesses within the next 10 years.” In a post-COVID world, Gartner research director Rob Smith explains, “[Cyber] security leaders should expect the need to support BYOPC to be dependent upon a long-term work-from-home strategy, and also expect to support security tools needed for a BYOPC environment.”
In the same vein, technology market analytics outfit International Data Corp. (IDC) recently predicted that by 2024, 60% of the United States’ employees will work remotely — either at home or out in the field with customers and at project sites. That would push the total number of remote workers to more than 93 million, and subsequently expand the likelihood of cyberattacks.
The cybersecurity industry isn’t starting from scratch, however. Both Palo Alto and Fortinet had remote connectivity protection available even before the pandemic took hold.
For Palo Alto Networks, one of those products is Prisma Access, which is a secure access service edge — or SASE — offering that Gartner suggests will become commonplace by 2030. It’s built specifically for mobile users and branch offices that need reliable, safe access to a corporate network. Palo Alto also offers cloud-based SD-WAN, or software-defined wide-area networking, with the help of recently acquired CloudGenix. It’s a testament to the potential of the right sort of dealmaking that allows for bolt-on improvements of the company’s existing capabilities.
As for Fortinet, it’s got a few tools in its mobile cybersecurity toolbox as well, like the FortiGate platform. Among other things, it’s a way of putting a firewall in place, managing virtual private networks that encrypt communications from devices all the way to a company’s servers, and implementing an intrusion prevention system. FortiGate customers also automatically have access to an SD-WAN solution for remote offices or remote employees, and the platform was a key part of last quarter’s growth.
These offerings aren’t exactly brand new, and more are apt to be on the way. What’s new is the sudden, true realization of the need for them. As Gartner’s Rob Smith noted: “Prior to the COVID-19 pandemic, there was little interest in BYOPC. At the start of the pandemic, organizations simply had no other alternative. The urgent need to enable employees to work from home and a lack of available hardware bolstered its adoption globally.” International Data Corp.’s senior research analyst Bryan Bassett expects that adoption has only begun, saying: “To meet the needs of more mobile, remote, and work-from-home workers, U.S. enterprises have indicated that mobile security and mobile management solutions will be top spending priorities going forward.”
While the bullish outlook for these companies is strong, would-be investors in either should note that the predictions from IDC and Gartner are long-term in nature. Gartner’s SASE adoption expectation could take up to 10 years to play out fully. International Data Corp.’s mobile worker outlook looks to the end of 2024. Investors not thinking in multi-year terms may find this opportunity isn’t for them.
Still, the opportunity is real for those willing to wait for it to fully gel. It’s long-term enough, in fact, that investors interested in plugging into it don’t necessarily have to do so today, this month, or even this year.
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