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Cybercrime Corner - The Art of Deception by Kevin D Mitnick. (59 views, 5 replies)


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@😷.box.😷 I co authored a paper a few years back on cybersecurity and its impact on strategic infrastructure in the maritime sector. While my part was limited to the legal analysis, I was most impressed with the technical aspect of the study. Especially the real world examples of cyber incursions that although at first seemed to be nothing more than attempts to satisfy the personal egos of the hackers, were in fact designed as strategic weapons of war to affect commercial and military operations in a global scale.

The problem is that only the military is properly equipped to handle and resist such cybersecurity attacks. The commercial sector is largely defenseless, plagued by the factor of cost versus profit, which unavoidably leads to minimum standards of protection being employed (and if any). The situation has changed dramatically over the past 4 years after some really high profile breaches that led to some really high profile litigations, with even higher compensation claims for damages incurred. It was at that point when it became apparent to everyone that there is simply no realistic way to protect your property or guarantee the property of others in the cyber domain.
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@M3g4m1nd Very interesting Megamind.

One high profile case happened in Ireland when the Irish health Service IT was hacked and very private documents held for randsom. The system collapsed causing incredible confusion and mayhem and leading to caos.

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@😷.box.😷 I can imagine. The cases I followed had an interesting twist which departed from the rest. The judge had considered that insufficient cyber protection or no protection at all in the face of a certain cyber threat amounted to contributory negligence in the least and gross negligence at the max. Adding these charges to the mix, the civil damages skyrocketed going from the tens of millions to the hundreds of millions. The effect was that insurance companies could now void the insurance claim and separate cyber liability for future insurance coverage. Now as it stands, the insurance companies require either professional third party cyber protection or highly specialised in house setups, accompanied with the continuous and mandatory training of staff on cyber awareness and strict provisions on physical security. Without any of these, the insurance companies will refuse to insure the company.

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