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Volume 27, Issue 3

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June 5, 2014

Cyber arrest great effort, but threat remains: KPMG

Combined efforts to guard against the threat of malware are laudable, but the threat posed by cyber criminals remains. Commenting on news this week that computer users are being urged to protect their machines from malware which could allow hackers to steal financial data, Stephen Bonner, a partner in KPMG's cyber security practice, says this "fantastic effort...has cut the head of the hydra of the control networks that steal banking access and encrypt data for ransom".

These actions not only cut off the flow of money to the perpetrators and help unmask their identities, but also means current infections cannot be updated with new versions. Bonner stresses, however, that the threat remains: “Like any hydra, the heads will grow back and organised crime will return, but this event presents a unique opportunity to clean up our systems while the criminals cannot update their infections.

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http://www.cirmagazine.com/cir/malware-arrest-kpmg-comment.php