Monthly Archives: January 2013

Kaspersky: “Humanity Not Ready To Deal With The Dangers of Cyber Weapons”

During a debate at the DLD 2013 conference last week, the two internet gurus, Eugene Kaspersky (Kaspersky Labs)  and Mikko Hypponen (F-Secure) made some rather disturbing comments on the development of cyber weapons.   Kaspersky has said that the new cyber weapons may be “cleaner” than traditional weapons but they are “much worse”. Hypponen added that what set cyber-weapons apart from traditional weapons was the fact that anyone could get their hands on one of these weapons, unlike a nuclear bomb, missiles or tanks which only armies would have access to. Both experts believe the situation is critical.

“We are not ready to limit their functionality, we cannot consume less IT, like oxygen or water.”

Eugene Kaspersky

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At the DLD 2013 conference, Kaspersky warned that humanity is not ready to deal with the dangers of cyber weapons and is still very vulnerable. He believes that it’s just a matter of time before a serious incident happens. And, what may be even worse, anyone can get their hands on them. Kaspersky also put forward the idea limited access to certain technologies, because we simply cannot control them, He and the situation to the tragic stories of the Zeppelin and the Concorde, two technologies which were discontinued because of inherent dangers in their original constructions.

 

images (1)According to Mikko Hypponen are we at the moment in the “first stages of a cyber-arms race,” and we are beginning to see many other countries trying to “jump on the same bandwagon” as the US and Israel, who were behind the original cyber-weapon – Stuxnet. Adding that like the nuclear scientists in a similar way lost their innocence in 1945 with the bombing of Hiroshima and Nagasaki, computer scientists lost their innocence in 2009 when Stuxnet infected a Siemens PLC device in the Natanz nuclear enrichment facility in Iran.

Both Kaspersky and Hypponen agree that the next major military engagement will involve a major cyber element, and while the battle won’t be completely online, it will be a major aspect of the war.

“I think we’ve only seen the very beginning of these problems,” Hypponen says.

Weapons of Mass Destruction – Download here!

“Attribution is one of the biggest challenges in this area – and one of the strengths for governments as they can launch a cyber-weapon]and then deny it. The difficultly of attribution is that it is very easy to leave false flags, or false leads,” according to the head of F-Secure, Mikko Hypponen. Adding that what set cyber-weapons apart from traditional weapons was the fact that anyone could get their hands on one of these weapons, unlike a nuclear bomb, missiles or tanks which only armies would have access to.

The conference in Munich took place just one week after the Kaspersky Labs announced the discovery of Red October, a highly complex piece of malware which was used by the owners to spy on embassies, diplomats, scientific organisations and other government organisations for five years without being detected.

It is unclear who is behind this attack.

Kaspersky says that in his opinion there are three possible creators  of the Red October software:

Spying Is Not War!

images (2)The first possibility is a nation-state, though the fact the malware was written in Russian didn’t automatically mean Russia was behind the attack, Kaspersky underlined.

The second possibility would be a hacktivist group like Anonymous, who could use the sensitive data stolen to advance their operations around the globe.

Finally, Kaspersky pointed to the most scary alternative –  that criminals could be behind the attack, selling the classified data to anyone from fellow criminals to governments looking for information on a neighbouring state.

Hypponen, however, do not consider this to be an act of cyber-warfare.

“Spying is not war, espionage is not warfare. The fact we have a lot of online espionage – such as Red October – is not warfare, it’s spying. Cyber]warfare is targeting critical infrastructure, because our infrastructure is run by computers,” he says.

Tech to Hack!

0Leon Panetta, the US defence secretary said back in October that the US faced the threat of a “cyber Pearl Harbour” and was increasingly vulnerable to foreign computer hackers who could attack the nation’s power grid, transportation system, and government.

And Kaspersky believes that we are nowhere near ready to deal with the dangers that are out there. “We are very, very vulnerable.  I agree with Leon Panetta, it is just a matter of time when we have the next very serious incident.”

The Russian internet pioneer, who also have proposed digital passports for entering the web, now talks about limiting access to certain technologies. At the moment, there are a number of certain digital technologies that should be walked away from due to their danger, he says.

The idea was rejected by the majority of the security expert at te conference, including Kaspersky himself, arguing that it would be difficult to do so, or to limit the function of certain digital technology.

“Are we ready for that? Can we survive without new digital technologies? I recognise the situation as critical. We are not ready to limit their functionality, we cannot consume less IT, like oxygen or water.”

A Stage of War Is Set!

imagesHypponen says that we now are in the “first stages of a cyber-arms race” and we are beginning to see many other countries trying to “jump on the same bandwagon” as the US and Israel, who were behind the original cyber-weapon – Stuxnet.

Hypponen told the audience in Munich that in a similar way to nuclear scientists losing their innocence in 1945 with the bombing of Hiroshima and Nagasaki, computer scientists lost their innocence in 2009 when Stuxnet infected a Siemens PLC device in the Natanz nuclear enrichment facility in Iran.

Both Kaspersky and Hypponen agree that the next major military engagement will involve a major cyber element, and while the battle won’t be completely online, it will be a major aspect of the war.

(Source: International Business Times)

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All Human Rights Reserved (h) 2013

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Have anyone ever been able to stop any kind of arms race?

All About Cyber Security and Financial Technology and Beyond


According to Financial Times’ Larry Harris, High-frequency traders (HFTs) are engaged in an arms race. To beat their competitors, each is spending increasingly large sums on expensive technologies to speed their trading. If actions are not taken to stop this arms race, investors will be worse off and economic welfare will decline.

Numerous studies – including the recently released UK Foresight HFT project – have shown that transaction costs for both retail and institutional traders decreased substantially with the growth of high-frequency trading. The cost savings are easy to understand. Compared with human dealers, computers have considerable advantages. They have perfect attention spans, follow instructions to the letter, do not allow their emotions to cloud their judgment and they watch and learn from thousands of sources of information simultaneously. Nor do they cheat and they work for far less and require smaller offices. These advantages have greatly…

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Seems to me that speed limits have limited effect on accidents involving car traffic – will it have any effect on data traffic?

All About Cyber Security and Financial Technology and Beyond

AccHigh-Frequency Trading Leaders Forum 2013, "Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges"ording to Bloomberg’s Jonathan Morgan, restrictions on the minimum time orders must be held in German equity markets would do little to increase safety, the nation’s exchanges said as lawmakers debated proposed legislation.

“The political, easily understandable argument that the introduction of a speed limit leads to more safety on the road is not applicable one-to-one to the capital markets,” Stefan Mai, head of market policy and European public affairs at Deutsche Boerse AG (DB1), said in a phone interview yesterday. “It will just introduce more complexity. Imagine an Autobahn with traffic lights every 2 kilometers. Will it slow traffic down? No. Because when the lights are green, traffic will race anew.”

Lawmakers are scheduled to hold a public meeting at 2 p.m. today in Berlin to discuss curbs on high-frequency trading, with remedies up for debate including one that orders must be kept in the…

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