Commenting on the news over the weekend that Barclays suffered a major security breach, Tim 'TK' Keanini, CTO at Lancope, said:
"The most frightening statement in this news report is “It is not clear how the records were stolen”. We cannot continue in this manner; for it is not the fact that they were breached, but the fact that they don’t know how they were breached that should be cause for alarm.
Do we really need to count on some anonymous whistleblower for detection? The next time, and there will be a next time, we all need more timely and reliable forms of detection regarding incident response.
It is also worth highlighting that cybercrime is expanding to a complicated and thriving marketplace. The person who steals the data is not necessarily the person that will monetize it directly. Knowing that there is always a market for sensitive information to the right people, these black markets are hot with cryptocurrency (Bitcoin) based commerce. The end result is explosive growth in cybercrime in general because now criminals can just focus on their core competencies and outsource the rest."