March 21, 2012 John Vigouroux CEO M86 Security (acquired by Trustwave)
2 Cybercrime: The Growing Threat Sources: Detica report, 2011; OECD, IDC, 2004, 2010, FBI/IC3 cybercrime statistics, 2011, FBI Annual Cost of Cybercrime $17B $21B >$100B >$200B Billions $350 $300 $250 $200 $150 $100 $50 $0 Targeted Attacks Accelerating Growth Daily occurrences of targeted attacks grows 400% during 2011 Symantec Intelligence Report >$330B Security Market $11B$22B$33B$37B$43B
News 3 New Proposed EU data protection rules will allow for fines of up to 2% of annual worldwide revenue… Just the companies shown on this slide would have paid $8.8B in fines
Most complete coverage for Cybercrime in the industry “We are less concerned with detecting mass attacks. It is vital that we address the emerging targeted attacks at our organization; these have the ability to do a significant amount of damage in terms of lost data, punitive damage and reputation loss.” -Fortune 500 Financial Services Company Mass Attacks Spam Bot Infections Social Media Scams Fake-AV Personal Data Loss Client-side Zero-day Malware Spear Phishing Social Media Blended Attacks APT’s Website Defacement Web Application Hacking Server-side Cybercrime Targeted Attacks
Two biggest debates about the Internet: Privacy Security
How to treat - Cybercrime 2007 – Big Problem 2010 – Very Big Problem 2011 – Calamity 2012 – PANDEMIC!