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How cyber crooks make money from your mistakes

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The IT landscape is changing at a rapid rate, leaving many CIOs scrambling to keep up. This makes it easy for cybercriminals to exploit flaws in an organisation’s legacy systems, writes BRANDON BEKKER, MD of Mimecast South Africa.

The IT security landscape is changing at a rapid pace, leaving security professionals scrambling to keep up. There is a lucrative industry for stolen private data, not to mention extortion with attacks like ransomware and so-called CEO fraud. Cybercriminals are making money hand over fist by exploiting flaws within organisations’ technology and processes.

CEO fraud or whaling is a highly targeted form of email spear-phishing. Here the criminal sends an email that appears to be from an individual or business that you know (often the CEO or CFO), the kind of person unlikely to be challenged to identify themselves properly. By impersonating your boss, cybercriminals use email to get you to send valuable data or wire funds to them.

Ransomware uses malware that prevents or limits users from accessing their systems, forcing them to pay a ransom through certain online payment methods. Only once they have done this will they be able to access their systems or get their private data back.

These types of malicious attacks exploit human frailty. The criminals know that computers don’t make mistakes, people do. So as technical defences have strengthened, they are turning to the people in front of the technology and exploiting them instead. They know that a successful attack on employees means they can effectively circumnavigate your traditional technical protections – a simple spear-phishing email with a malicious attachment or web link can open up your systems to further attack.

Cybercriminals know they can take advantage of the fact that employees often lack even basic cybersecurity awareness, making them vulnerable to well-crafted social engineering attacks like spear-phishing. So if you run a business (or its IT security) this targeted attack on your employees needs to be taken as seriously as an attack on your technology. Invest in technology and technical resources, but don’t forget staff training.

Dimension Data’s 2015 Global Threat Intelligence Report showed that attacks against businesses and professional services increased from 9% to 15% last year. The rise in threats, such as ransomware and spear-phishing, have seen cybercriminals cashing in, while businesses are left to deal with the devastation.

Cybercrime statistics posted by the South African Banking Risk Information Centre (SABRIC) reveal that South Africans lose in excess of R2.2 billion to internet fraud annually. The statistics have pegged South Africa as the most targeted country on the African continent.

So, just how much are cybercriminals making? A lot. The Cisco 2016 Annual Security Report has pointed out that attackers make around $34 million (nearly R546 million) in gross yearly income through ransomware per campaign. And the FBI reported losses due to CEO fraud or whaling in excess of $2 billion in under two years. And these are losses recorded from just two ‘emerging’ attack strategies.

Keeping the bad guys out means building a human firewall around your business and its data, to match the capabilities of your IT firewall.

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CES: So long, and thanks for all the beer!

Last week, the Las Vegas expo showed off its fun side with state-of-the-art technologies for enjoying beer, writes BRYAN TURNER

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From craft beer-making machines to robots that pour beer, CES had more beer than usual in Las Vegas last week. And even free beer if you found the right stand. Stampede’s saloon-style booth offered beer to visitors who tried out its latest drones, virtual reality, and other gaming products. No beer tech, though.

Here are some of the beer technologies that stood out:

LG HomeBrew – Craft beer made at home

LG’s HomeBrew craft beer-making machine,  debuted at CES 2019, brings the brewing process home thanks to single-use capsules,  a self-cleaning feature, and an algorithm optimised for fermentation. 

Like a Nespresso coffee machine, the beer maker uses capsules, which contain malt, yeast, hop oil and flavouring. At the press of a button, LG HomeBrew automates the whole procedure from fermentation and carbonation to ageing. A companion app lets users check HomeBrew’s status at any time during the process, from their handsets.

The beer machine not only offers a simple way to make craft beer, but also enhances the quality of beer it makes. The fermentation algorithm intelligently controls the fermenting process with precise temperature and pressure control. It automatically sanitises itself, using nothing more than hot water, ensuring everything is hygienically clean for the next batch.

Designed with discerning beer lovers in mind, HomeBrew allows for in-home production of batches of more than 4 litres of beer in a variety of styles. The following five distinctive, flavoured beers are available now: 

  • Hoppy American IPA
  • Golden American Pale Ale
  • Full-bodied English Stout
  • Zesty Belgian-style Witbier
  • Dry Czech Pilsner

The only catch? It takes about two weeks to make, depending on the beer type.

“LG HomeBrew is the culmination of years of home appliance and water purification technologies that we’ve developed over the decades,” said Dan Song, president of LG Electronics Home Appliance & Air Solutions Company. “Homebrewing has grown at an explosive pace, but there are still many beer lovers who haven’t taken the jump because of the barriers to entry, like complexity, and these are the consumers we think will be attracted to LG HomeBrew.”

Click here to read about the party speaker that holds beer and robots that pour beer.

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CES: Alienware gets Legend-ary

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At CES in Las Vegas last week, Dell’s Alienware released a family of high-end, thin, light, and affordable machines for both amateur and professional gamers – and a new identity.

Alienware marked CES 2019 as a brand milestone with the debut of a new design identity, Alienware Legend. It aims to set a new bar of excellence for what gamers want most – performance and function. Alienware says it evaluated multiple concepts and chose one that was the biggest and boldest departure from its current look.

Alienware Legend, says the company, stays true to the brand’s core design tenets, taking cues from its deep roots in sci-fi culture and its early industrial designs, to distinguish the brand from the rest of the industry. The new Legend design is optimised with cutting-edge thermal cooling technology to achieve and sustain overclocking power, improved AlienFX lighting, and ultra-thin screen borders. It also unveiled a new “three-knuckle hinge” design that reduces the overall dimension while creating a stronger assembly, all combining to yield a better gaming experience.

“We’re excited to come to this year’s CES with some truly groundbreaking products, next-gen software and strategic partnerships that will bring more people to experience PC gaming and advance the industry,” said Frank Azor, vice president and general manager of Alienware. “The legend design answers the call for more and better from our gaming community, and the new G Series laptops will make PC gaming even more accessible to those looking for high-performance gaming at a cost they can appreciate.”

Click here to read about Alienware Legend in action with the Area-51m and m-series laptops

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