The Head of Ethical Phishing at the Royal Bank of Scotland warned last month that mobile malware is the next cyber security ‘disaster waiting to happen’. “These fraudsters are clever and always surprise us,” Lesley Marjoribanks explained. “Nobody is infallible. Why would you click on an MMS from a mobile phone company you’ve never used? More people do than you’d think!”
At an industry conference in London on 20-21 February 2018, senior Information Security Officers from Publicis Groupe, Barclays, NCSC, Google, and Ford addressed 450 industry leaders as part of discussions on the cyber threat landscape and best practices for combatting it.
Cyber security is an increasingly key issue in the boardroom, with the likes of WannaCry making headlines almost every month. The evolution of cyber threats is shaping InfoSec strategies and device usage. #teissLondon2018 brought some strong learnings to the fore, helping European companies face the future as securely as possible.
“Expensive doesn’t mean secure,” reformed hacker FreakyClown told the audience. “One bank put in a very expensive card-operated revolving door system but left it on default settings. Once an hour, on the hour, it automatically revolved. All I had to do was time my entry and I just walked in.”
There are a number of factors set to disrupt the information security industry in the near future. Hanging over us right now is Brexit – “There’s a skills shortage in cyber, and Brexit is discouraging people from working in the UK,” warned a senior cyber intelligence analyst from Barclays. And only a little further out is the development of quantum computing. “Quantum computing is an existential threat to our cyber security today,” said Dr. Carlos Perez Delgado from the University of Kent. “We are one very smart quantum scientist away from losing our internet.”
In his closing keynote the Ambassador for Cyberdiplomacy and the Digital Economy for the Government of France shared his government’s view of the changing industry:
“Cybercrime around the world is worth £600 billion,” David Martinon said. “Ransomware is growing. Fraudsters are becoming more talented. This new era is a new cold war. In the previous cold war the confrontation was between two sides – in this one, every country is now active in cyber. Previously confrontation was peripheral but now attacks are daily and direct. We haven’t seen attacks that can be considered as acts of war… yet.”