Changing The Narrative of The ‘War on Cybercrime’: A Broken Industry

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war on cybercrime

The world is at war; But not in the way most people think. While traditional conflicts take place around the world, from Syria and Yemen to Ukraine, the dark war against cybercrime is all around us. 

This is a war in which every corporate network, personal device, or piece of software code is a potential battleground, and casualties are not measured (at least primarily) by deaths, but by costs. related to end users and the economic systems in which they work.

It is a war where the enemy’s fighters are not military, paramilitary forces, or (necessarily) terrorist groups; they lurk in the shadows, and although their goals may be political, the monetary impact is where their campaigns are felt most deeply.

One widely cited statistic spells it out in plain and scary English: Cybercrime will probably cost the world $10.5 trillion per year by 2025. 

And yet, amid this growing wave of cybercriminal activity, the defensive cybersecurity market continues to grow:  by 2027, growing at a rate of 8 .9% from 2022 to 2027.

Tens of thousands of cybersecurity companies around the world offer a variety of solutions, some aimed at specific problems and some (fake) claiming to fix everything about security technology systems. your secret. And in the meantime, data continues to be stolen and cyberattacks continue to increase year after year. 

This cyber-industrial complex represents a complete failure to win the war against cybercrime, while the organizations overseeing this failure continue to earn record profits. 

 Parallel failures 

This defeat in the fight against cybercrime draws comparisons to an entirely different failure in accomplishing a fundamental mission: the global war on illegal drugs. Since the 1970s, governments around the world have spent billions of dollars following US leadership in the fight against the “War on Drugs” to stem the flow of illegal drugs to countries. West from the major drug-producing regions of the Middle East. . and South America.

In the United States alone, this 50-year-old policy has cost more than a trillion dollars and achieved almost no goal: even though governments around the world have spent more money than ever before on In the war on drugs, drug consumption in the United Kingdom, Europe and the United States continues to escalate, once again, with the production, trafficking and refining of illegal drugs in European countries.

America from the South, all rise to match this request. In other words, the policies that countless dollars have been spent on have failed, just as our policies and technological response to cybercrime have completely failed. 

Although this is a bold comparison, it is not without reason. While the human cost of illegal drugs – and the policies surrounding them – is more dangerous than cybercrime, the effects in our industry are far more insidious.

Economic instability, pipelines (and revenue streams) for new criminal activity, and countless lost data – one of our most valuable assets in the digital world – are all at risk of defeat in the fight against cybercrime.

One thing is certain, however: the current failures we discuss all leave the vast crime market unregulated. To give an indication of the extent of cybercrime, consider this; the highest estimate of annual income from profits related to the Sinaloa Cartel is $39 billion.

This means that by 2025 — back to our $10 trillion figure — cybercrime will be worth  200 times more to perpetrators than the profits of Mexico’s largest drug cartel. 

 A radical overhaul 

 If we have any hope of turning the tide in the fight against cybercrime, a radical overhaul of our security strategy is needed at all levels: individuals, organizations and the state.

This involves a multitude of approaches, including training and changing the structure of the organization to give the security team a higher position in the corporate or organizational hierarchy.

More than that, however, one important step our industry can take is working smarter with what we have.

More than 90% of the cyberattacks we observe come from threats that have been identified and mapped by threat intelligence providers.

This means that security teams are not using the data at their disposal to prevent cybercriminals, possibly because of their inability to fully analyze, understand, and act on all the warnings. happen. ‘they get – and in a timeframe that doesn’t’ do not allow attackers to disrupt their efforts. 

One of the ways to ensure that this particular issue is addressed is to partner with organizations that can help aggregate and understand this threat intelligence: Deploy analysts and experts trusted, who can work with teams of internal security tools to identify, understand, and remediate known threats at the local level. speed, before they become a security incident. 

While this is a major point that needs to be fixed, it is still only part of the puzzle: the entire approach to cybersecurity needs to change. While technological solutions can make a big difference, for the kind of tectonic change needed to rebalance cybersecurity in our favor, a cultural shift is needed.

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