Tuesday, June 26, 2012

MI5 Encounters and Counters "Astonishing" Levels of Cyber-Attacks

UK - MI5 is working to counter "astonishing" levels of cyber-attacks on UK industry, the organisation's chief has said.

In his first public speech for two years, Jonathan Evans warned internet "vulnerabilities" were being exploited by criminals as well as states...

In the speech on Monday night, Mr Evans spoke of MI5's efforts to tackle "industrial-scale processes involving many thousands of people lying behind both state sponsored cyber espionage and organised cyber crime".

"Vulnerabilities in the internet are being exploited aggressively not just by criminals but also by states," he said. "The extent of what is going on is astonishing." (more)

Businesses beware...

Cyber attacks by a foreign state resulted in a British company losing £800m ($1,247 million) in revenue, the head of MI5 revealed yesterday.  

This "was not just through intellectual property loss but also from commercial disadvantage in contractual negotiations", said Jonathan Evans. "They will not be the only corporate victims." (more)

It's not just in the UK, even tiny Malta has problems...

Malta - The government’s IT agency deals with about 100 cyber-attacks a month, attempts to retrieve information from the government’s online infrastructure. (more)