LogRhythm, the US technology security vendor, has predicted that the Internet may shut down for 24 hours in 2017. The forecast is based on the analysis of cyber security conditions especially in 2016 when a massive Distributed Denial of Service Attack – DDoS against DynDNS took down Internet giants like Twitter, Spotify, Reddit and tons of other services for hours.
James Carder, chief information security officer, and vice president of LogRhythm said that the oncoming shutdown wouldn’t be a technical issue and if the Internet goes down we can see a major outcry as financial markets will fail.
Though many can render the warning as a bit dramatic one, but with the increased cyber attacks and worsening condition of cyber security, it might not really be far fetched prediction. 2016 was a worse year in terms of cyber attacks. Last year, out of the total reported cyber incidents; 60.7% were Cyber Crime, 28% Hacktivism, 7.4% Cyber Espionage and 4.3% of Cyber Warfare.
According to Carder, the massive sophisticated cyber attacks represents the calm before the storm. He said that testing missiles by shooting them into the ocean and the major DDoS attack were just tests. He further added: “If you can prove that you can take down massive sites and a large chunk of the US internet for a few hours, a 24-hour outage seems pretty easy to do.”
In this day and age everyone lives and breathes in a digitized world, and with virtual reality, IoT connected devices and social media the concept of privacy is becoming more like a fairy tale. In such circumstances, increasing cyber threats could put the cyber security experts at quite a predicament. Cyber security is a long lost dream that is supposed to get worse in 2017.
Also, the dynamic shift in cyber world has also given rise to new and modern ways to commit crimes. Now, the hackers are also extorting people with ransomware, type of malicious software that will block access to a computer system until a sum of money is paid to the hacker. Simon Howe, LogRhythm’s Australia and New Zealand director of sales, predicted that in 2017 ransomware will prevail where hackers will hold personal data of smartphone users as a hostage to get their desired ransom. He said: “For example, attackers will threaten to send out or delete a user’s photos unless a ransom is paid. Just think, how much you will pay to recover your photos?”