January 10, 2013

One-Two-Three Punch For Cyber Security

Here are three crafty ideas for improving our cyber security that can be used to protect, prevent, and recover from attacks:

1) Intrusion Deception (not detection)--Mykonos Software aims to protect websites by putting up a virtual minefield--"setting traps to confound hackers." When the software detects hackers trying to infiltrate, it can flood hackers with false information on vulnerabilities that goes nowhere, mess with the hackers computers such as by pop-up flashing maps of their locations and local defense attorneys, and disrupt their connections and slow down their hacking attempts (Bloomberg BusinessWeek).

2) Scamming The Scammers--Notorious email spams such as from Nigeria that look to ensnare victims into wiring money overseas in order to secure some lost fortune costs $9.3 billion in losses in 2009. Psychology professors Chris Chabris and Daniel Simons suggest that we can prevent many scammers from succeeding by raising the cost of their doing business by scamming them with " baiters" that send responses to scammers and occupy them but never actually send any money. They suggest that artificial intelligence could actually be used to create "automated scam-baiters bots" simulating potential gullible victims. These bots could even be programmed to provide phony account numbers and data to scammers to really get them spun up. (Wall Street Journal)

3) Insuring Again Losses--Insurance is a common way to manage risk by purchasing coverage for potential liabilities--this is used to indemnify against losses for everything from auto accidents to home fires, personal theft, and business interruptions. However, according to Bernard Horovitz, CEO of XL Insurance's Global Professional Operations, businesses (and of course, individuals) are rarely are covered by insurance for hacker attacks. Insurance companies are now offering specialty products to recover from the insuring liabilities. Additionally, the insurers will "help with preventing and mitigating cyber crime" through security audits. (Wall Street Journal)

These three cyber security strategies are great examples of how we can make it technically and financially more difficult for cyber attackers to succeed in geting in a knockout punch on their victims. ;-)

(Source Photo: Minna Blumenthal)


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