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OUTLOOK 2015

By Ramsunder Papineni, Regional Director (India & SAARC), FireEye
Wednesday, January 28, 2015
By Ramsunder Papineni, Regional Director (India & SAARC), FireEye
FireEye (NASDAQ: FEYE) is a network security company that provides automated threat forensics and dynamic malware protection against advanced cyber threats. This California headquartered company has a current market cap of $5.04 billion.

In 2014 we saw some of the biggest breaches we've ever witnessd. These breaches cost millions in fraud costs and shareholder value, loss of customer confidence and in some cases CEOs, CIOs and CISO losing their jobs. In reality, what is covered in the press is only a small fraction of the total breaches that took place. In short, 2014 was a bad year for a lot of organizations. As we look forward to 2015, a changing geopolitical situation makes it harder for government organizations to police the malicous activities that exist in cyber space while more devices and data move online. For bad actors this creates a target rich attack surface. As we look at recent trends in connectivity, mobile malware and cusumer behaviour, here are a few predictions for what could unfold in 2015.

Mobile Ransomware to Steal Your Cloud Accounts & Encrypt the Data

Mobile attacks will employ the Cryptolocker strategy and lock files on your mobile device for a ransom. This model proved effective and easy for attackers on Windows computers and naitive users could be tricked into a similar strategy on their mobile device. For Android, the Koler ransomware can lock the phone by showing messages:"All your files are encrypted" due to "viewing/storage and/or dissemination of banned pornography", and asks for a few hundred dollars to unlock it.

Phone based 2-factor Authentication Becomes Inadequate


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