Risky Business Wide World of Cyber: State directed cybercrime
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Jul 10, 2024 Cybersecurity experts Alex Stamos, Chris Krebs, and Patrick Gray discuss how governments like North Korea and the Kremlin are involved in ransomware attacks for financial gain and political purposes. They highlight the challenges in combatting state-directed cybercrime and the importance of multinational efforts in disrupting cybercriminal operations.
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Ransomware as Economic Terrorism
- State-sanctioned cybercrime, like ransomware, is akin to economic terrorism, impacting essential services like hospitals.
- The lack of public discussion surrounding ransomware-related deaths is concerning, despite potential evidence.
Ransomware's Impact on Healthcare
- Studies, particularly in the UK, show increased death rates in hospitals affected by ransomware like WannaCry, due to treatment delays and backlogs.
- The US healthcare system's fragmented nature makes similar studies difficult, but the shift towards centralized EMR systems may change this.
North Korea's Unique Ransomware Threat
- North Korea's approach to ransomware, driven by financial motivations, differs from Russia's, which seems to use it more for geopolitical disruption.
- This makes North Korea a greater concern, as they're directly profiting from these attacks, blurring the lines between state-sponsored and criminal activity.