A year ago, after multiple days of digital bombardment, the cyber-security world changed forever.
Over one weekend, the notorious ransomware attack that would become widely known as WannaCry infected more than 200,000 machines around the world, causing billions of dollars in damages. Ransomware attacks occur all the time, but the speed and the scale of this particular attack – likes of which were never seen before – made international headlines as WannaCry spread to 150 countries. And just a few months ago, we saw WannaCry’s fingerprints on the ransomware attack that shut down the city of Atlanta.
WannaCry changed the cybersecurity game not just through its outsized impact; it made waves because of its outsized influence on the cyber-threat landscape. Marking a turning point in the cybersecurity environment, we were looking at the first global-scaled, multi-vectored cyberattack powered by state-sponsored tools. WannaCry marked a new generation – the fifth generation – of cyber-attacks.
And it certainly wasn’t the last Gen V attack. It’s time for organisations to adjust to our new normal of cyber-attacks, which involves…
Leaked State-Sponsored Tools:
About a month before the WannaCry attack, a hacker group called the Shadow Brothers leaked an exploit developed by the National Security Agency (NSA). This exploit, labeled EternalBlue, would later be used as part of the WannaCry attack.
In the past, cyber criminals traditionally used simplistic, homegrown tools for their hacking activities. WannaCry marked the shift toward using military-grade weapons, hacking tools that are powerful enough for a national cyberdefense agency to use on international cyber-warfare. Just six weeks after WannaCry, NotPetya used the same exploit in its infamous attack on mostly Ukrainian critical infrastructure systems. And just recently, the SamSam ransomware attack that shut down the city of Atlanta relied on DoublePulsar – another NSA-developed exploit.
Cyber-criminals are upgrading their firepower and setting their sights higher than ever before.
Globally Scaled Tools:
As mentioned earlier, the WannaCry’s impact sparked an upswing in severe large-scale cyber-attacks.
In 2015, ransomware attacks caused $325 million in damage. By 2017, the attacks were up 15x at $5 billion, as companies lost productivity through the downtime and reputational hit. Along with the impact, WannaCry spawned hundreds of variants of ransomware. Recorded Future showed that before WannaCry, at the end of January 2017, they were tracking 635 variants of malware. Fast forward to February 2018, where 1,105 different malware variants were discovered – a 74 percent increase from just a year ago.
This globalised ambition is a defining element of the new generation of cyber-attacks – Gen V hackers are thinking bigger than ever before, as more and more criminal organisations are developing lucrative hacking operations.
Cyber-attacks are thought to be “computer hacks,” where they infect your personal computer.
Spreading through cloud networks, remote office servers, and network endpoints, WannaCry was able to “divide and conquer” because it needed just one entry point in order to infect the entire system. This multi-level approach allowed WannaCry to easily overwhelm companies that followed the usual security strategy of picking their favorite product from different vendors for each entry point.
This best-of-breed strategy means that companies often pick one specific product for their mobile devices, a different one for their cloud networks, and another unique product for their network security.
It’s not an illogical strategy, per se, but that’s what WannaCry (and other Gen V attacks) want: a disparate, disconnected defense that isn’t working in unison to cover all bases.
As we acclimate to our new normal, organisations simply have no choice but to adapt.
We’re a long ways away from organisations getting up to speed with their cybersecurity infrastructure. Our recent survey revealed that only three percent of companies are equipped today to handle a WannaCry-style Gen V attack.
Taking on an attack like WannaCry requires cyber security that can proactively prevent threats (as opposed to reactively detecting them once the damage is done). To combat Gen V attacks’ multivector approach, organisations must also secure their cloud and mobile system. Together, unified threat prevention systems that secure all vectors are able to defend against these modern, innovative attacks.
Yet today, the vast majority of organisations are as vulnerable to WannaCry as they were exactly a year ago. Whether they’re ready or not, the new normal is here.
New iPhone pricing for SA
The iStore has announced that the latest iPhones, the Xs and Xs Max, can now be pre-ordered at www.myistore.co.za , and will be available in stores starting 28 September 2018.
|iPhone Xs and iPhone Xs Max feature 5.8-inch and 6.5-inch Super Retina displays that offer remarkable brightness and true blacks while showing 60 percent greater dynamic range in HDR photos. iPhone Xs and iPhone Xs Max have an improved dual camera system that offers breakthrough photo and video features, A12 Bionic chip with next-generation Neural Engine, faster Face ID, wider stereo sound, longer battery life, splash and water resistance,
Pre-orders will be open for cash purchases and on iStore’s revised payment plan in partnership with FNB Credit Card, allowing customers to pay off their iPhone at a reduced interest rate. However, the contract period is 37 months rather than the usual 24 months.
Accenture opens Fjord design centre in Johannesburg
Accenture has launched its first design and innovation studio on African soil, Fjord Johannesburg.
The company says the move significantly expands its design capabilities and demonstrates its commitment to unlocking Africa’s innovation potential through the creation of experiences that redefine industries in our constantly evolving digital era.
The new studio, opening in November, will be located at Accenture’s new 3875m² offices in Waterfall. It will be led by Marcel Rossouw, design director and studio lead for Fjord Johannesburg.
Said Rossouw, “Brands are constantly asking, ’how does one take a business need or problem, build that out into a definition of a service experience, and then bring it to market?’ It’s about re-engineering existing service experiences, identifying customer needs, prototyping rapidly, iterating often and proving or disproving assumptions. But it’s also about getting feedback from customers. The combination of these factors helps companies advance towards the ultimate service experience.”
Fjord is the design and innovation consultancy of Accenture Interactive. The Johannesburg location marks its 28th design studio globally, solidifying its position as the world’s leading design powerhouse.
Working in the same location as Accenture Interactive will allow Fjord to fuse its core design strategy DNA with the digital agency’s expertise in marketing, content and commerce to create and deliver the best customer experiences for the world’s leading brands.
Accenture Interactive Africa‘s blend of intelligent design and creative use of technology has already been used by some of South Africa’s largest and most prominent brands, including Alexander Forbes, Discovery, MultiChoice and Nedbank. The digital agency has also earned industry accolades for its innovative and compelling business results, most notably two gold awards in the Service Design category at the 2017 and 2018 Loeries awards.
“Great design tells great stories,” says Wayne Hull, managing director of Accenture Digital and Accenture Interactive lead in Africa. “It unifies a brand, drives innovation and makes the brand or service distinctive and hyper-relevant in both the digital and physical worlds. This is critical to achieving results. Having Fjord Johannesburg as part of Accenture Interactive, and collaborating with all of Accenture Africa, will provide unique experiences and forward-thinking capabilities for our clients.”
“Businesses in South Africa are becoming more design-aware and are looking to take greater advantage of design skills to compete with the rest of the world,” said Thomas Müller, head of Europe, Africa and Latin America at Fjord. “We’re excited to open our first design studio on the continent and to be part of an emerging market that is ripe for design and innovation, and open for business. Developing markets like South Africa are challenging assumptions and norms about what digital services and products are meant to be, and we’ll strive to put design at the heart of the innovation being produced there.”