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Unlikely link between North Korea and Aussie businesses

Unlikely link between North Korea and Aussie businesses

As unlikely as it sounds, North Korea and its infamous leader may have an increasingly direct impact on the bottom line of Australian businesses.

That is the thinking of security intelligence firm LogRhythm, which is predicting that an advancing cyber war between the rogue nation and the US will increasingly victimise innocent bystanders, including businesses and private individuals.

“For enterprises, the main concern for security is securing and protecting the organisation’s valuable assets. This has mostly been achieved this year through visibility of what has been stopped and responsiveness to new or emerging threats,” said Simon Howe, the company’s director of sales in Australia and New Zealand.

“WannaCry is a good example of security professionals having been able to demonstrate their preparedness to deal with a simple threat.

“At the same time, cyber crime has become an ever-increasingly serious and growing threat to both consumers and businesses. In 2018, I believe that there will be good news in that security will continue to be discussed outside of IT departments and more often than not at the board level which will only increase its priority in investment for the benefit of consumers, shareholders and employees.”

North Korea has been suspected of being behind ransomware such as WannaCry, and the recent escalation of tensions with the outside world is expected to see such attacks become more sophisticated and widespread.

LogRhythm also expects ransomware and cyber attacks to extend beyond phones and computers, to encompass previously unsuspecting channels such as internet-of-things (IoT) devices and even drones.

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“Despite existing restrictions to mandate no-fly zones, drones, like iPhones, can and will be ‘jailbroken’,” said Mr Howe.

“Expect to see quite a few cases where drones are used for more than just fun.”

Those attacks will also target North Korea’s leader Kim Jong-un, with the company predicting his Playstation console will be hacked this year.

Unlikely link between North Korea and Aussie businesses
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