The top risk cyberattackers face is the risk of getting caught. But executing an attack is typically a labor-intensive process. Attackers also worry that the access they’ve worked so hard to establish might suddenly get cut off if a password gets changed or an account they’re using is retired or removed from the domain.
Moody's Cyber Risk Group: “Cyber becomes more and more important.”
On November 12, Moody’s announced its intent to start incorporating in its credit rating method the degree to which an organization faces risk of major impact from a cyberattack. This follows the news, back in February 2018, that the Securities and Exchange Commission issued additional guidance on its requirement that public companies must “inform investors about material cybersecurity risks and incidents,” even if they have not yet been the target of a cyberattack.
What a difference a year makes.
In 2018, we find deception platforms listed with a “High” Benefits Rating in Gartner’s Hype Cycle for Threat-Facing Technologies, 2018.
It goes without saying that digital transformation—the reengineering of core business processes leveraging digital technology—dramatically increases cyber risk for most organizations. It usually results in greater avenues of connectivity, collection of richer data from more sources, use of cloud services, extension of trust to more people and entities, and incorporation of smart devices in one form or another.
ATMs are literally boxes of cash—too good for criminals of any stripe to pass up. When ATMs first emerged, thieves used brute-force tools like crowbars, explosives, and propane torches to remove the ATM machine itself or get at the cash inside. As recently as April, three men were charged in Salt Lake City, UT, for trying to blow up ATMs and steal the cash.
Digitization and digital transformation in healthcare are delivering amazing advances in everything from diagnostic imaging and patient monitoring to medication safety, insurance claims processing, medical devices, and genetic research. As healthcare organizations reap significant benefits from innovation, they also must protect themselves and their patients from cyber attackers who develop increasingly sophisticated attack tools and methodologies.