Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Threat Intelligence

10/13/2020
12:10 PM
Dark Reading
Dark Reading
Products and Releases
50%
50%

Thales Alerts on the Risks Linked to Cybercrime in Its New Edition of the 'CyberThreat Handbook: Organised Cybercrime'

  • The United Nations and Accenture estimate that organised cybercrime will cost the global economy around $5.2 trillion between 2020 and 2025. With this in mind, Thales’ cybersecurity expert alert on cybercrime, stating it is one of the most dangerous threats today for companies, organisations and institutions.
  • With the cybercrime edition of its annual CyberThreat Handbook, Thales decrypts this well-organised network which allows cybercriminals to mix cyber techniques and attacks with other forms of criminalities.
  • To face these risks and be better prepared, Thales’ experts present through this new report the cybercriminals’ modus operandi and the ways to counter them.

October 12, 2020 08:30 AM Eastern Daylight Time

PARIS LA DÉFENSE--(BUSINESS WIRE)--For the 2020 edition of Les Assises de la Sécurité, Thales launches the newest edition of its CyberThreat Handbook, this year dedicated to cybercriminals. Thales’ experts unveil their analysis and conclusions when it comes to cybercrime, an extremely dangerous network with a large number of hackers groups. Interactions and permanent movements unite organised cybercrime and bring it to life. Without protection or proactive means, the attacks of cybercriminals will create each time more damage. To face their always-evolving technics, a better understanding of the threat is key; advanced tools and services such as Threat Intelligence are an asset to anticipate this threat as much as possible.

By interacting as a network of cybercrime groups, cybercriminals are able to function increasingly effectively: each group specialises in a particular area, and the different groups collaborate to benefit from each other’s expertise. It is this specialisation that makes cybercriminals more effective, allowing them to concentrate on a given type of attack, while drawing on know-how from within the network.

Various groups of the most technically adept cyber attackers, with highly sophisticated compromise strategies and substantial financial resources, head this organisation. These are the “Big Game Hunters”, whose tactics, techniques and procedures (TTPs) and technical infrastructure are similar to certain state-sponsored hacking groups. They attack specific targets, such as political institutions and major companies, using ransomware to demand large sums.

To achieve their objectives, cybercriminals use a combination of technical expertise and the panic that they sow in companies and institutions. Panic can have a devastating impact in terms of the consequences of an attack. It is vital not to give in to threats or blackmail. Cybercriminals’ targets are extremely diverse and opportunistic; any organization can suffer from it. Thales’ experts strongly recommend bearing in mind that anyone can be a target in order to be prepared and to adopt a clear and detailed cyber crisis strategy.

Surprisingly, 60% of these huge revenues come from illegal online markets, 30% from theft of intellectual property and trade secrets and only 0.07% from ransomware which however do the most damage. With revenues estimated up to $1.5 trillion a year 1– meaning 1.5 times more income (as an annual average) than counterfeiting, and 2.8 times more than the illegal drugs trade – this network is a whole economic system that can now endanger any company or organization with severe consequences on the world’s economy.

For more information, download the press kit here and the report here.

About Thales

Thales (Euronext Paris: HO) is a global technology leader shaping the world of tomorrow today. The Group provides solutions, services and products to customers in the aeronautics, space, transport, digital identity and security, and defence markets. With 83,000 employees in 68 countries, Thales generated sales of €19 billion in 2019.

Thales is investing in particular in digital innovations — connectivity, Big Data, artificial intelligence and cybersecurity — technologies that support businesses, organisations and governments in their decisive moments.

 

 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 10/23/2020
7 Tips for Choosing Security Metrics That Matter
Ericka Chickowski, Contributing Writer,  10/19/2020
Russian Military Officers Unmasked, Indicted for High-Profile Cyberattack Campaigns
Kelly Jackson Higgins, Executive Editor at Dark Reading,  10/19/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Special Report: Computing's New Normal
This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
Flash Poll
How IT Security Organizations are Attacking the Cybersecurity Problem
How IT Security Organizations are Attacking the Cybersecurity Problem
The COVID-19 pandemic turned the world -- and enterprise computing -- on end. Here's a look at how cybersecurity teams are retrenching their defense strategies, rebuilding their teams, and selecting new technologies to stop the oncoming rise of online attacks.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-24847
PUBLISHED: 2020-10-23
A Cross-Site Request Forgery (CSRF) vulnerability is identified in FruityWifi through 2.4. Due to a lack of CSRF protection in page_config_adv.php, an unauthenticated attacker can lure the victim to visit his website by social engineering or another attack vector. Due to this issue, an unauthenticat...
CVE-2020-24848
PUBLISHED: 2020-10-23
FruityWifi through 2.4 has an unsafe Sudo configuration [(ALL : ALL) NOPASSWD: ALL]. This allows an attacker to perform a system-level (root) local privilege escalation, allowing an attacker to gain complete persistent access to the local system.
CVE-2020-5990
PUBLISHED: 2020-10-23
NVIDIA GeForce Experience, all versions prior to 3.20.5.70, contains a vulnerability in the ShadowPlay component which may lead to local privilege escalation, code execution, denial of service or information disclosure.
CVE-2020-25483
PUBLISHED: 2020-10-23
An arbitrary command execution vulnerability exists in the fopen() function of file writes of UCMS v1.4.8, where an attacker can gain access to the server.
CVE-2020-5977
PUBLISHED: 2020-10-23
NVIDIA GeForce Experience, all versions prior to 3.20.5.70, contains a vulnerability in NVIDIA Web Helper NodeJS Web Server in which an uncontrolled search path is used to load a node module, which may lead to code execution, denial of service, escalation of privileges, and information disclosure.