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NCA annual assessment - comment from Webroot

July 2016 by Webroot

Following the release of the NCA annual cyber crime assessment, David Kennerley, Director of Threat Research at Webroot, comments:

"The dark web makes it far too easy for criminals to collaborate, sharing tools and techniques, which means the NCA - and UK businesses - are fighting cybercrime on a global scale. This sophisticated underground cyber criminal community means that anyone with a basic understanding is able to learn quickly and launch an attack on a business, however, the biggest threat still comes from a handful of highly skilled individuals.

"2.46 million reported incidents last year is not surprising - the actual number will almost certainly be higher. While some attacks are very sophisticated and well planned, others work more on a trial and error basis. This means that with very little effort, with the aid of automated systems criminals can try their luck thousands of times hoping to find the weakest link - whether that be by a software vulnerability or an unfortunate end user clicking on something they shouldn’t have. This of course puts a huge strain on IT departments - limited budgets and resources, with so many possible attack vectors to defend.

"But there’s something to learn from the cyber criminals here - cross country collaboration and information sharing is essential to succeed. There are many organisations that work with businesses to promote information sharing, such as CiSP, but we need to be much faster. Threat intelligence needs to be shared almost instantly, instead of over the course of days and weeks. To keep up with the high volume of new threats facing businesses real-time updates to software is imperative. Only by using smart threat intelligence will organisations receive the collective intelligence based detection, protection and alerting systems needed to combat the ever-more professional cyber criminals of today."

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