© Security ServiceMI5 boss Jonathan Evans has warned that companies in the UK are fending off an 'astonishing' level of cyberattacks.
Businesses in Britain are under sustained attack from governments and gangs bent on intellectual-property theft and other cybercrime, with one company suffering millions of pounds in losses, the head of MI5 has revealed.They are victims of the
black cyber-economy, which has a huge pool of resources to draw on for conducting state-sponsored cyber-espionage and cybercrime, MI5 director general Jonathan Evans said in a speech on Monday.
"Vulnerabilities in the internet are being exploited aggressively, not just by criminals but also by states," Evans told an audience at the Mansion House in London. "The extent of what is going on is astonishing - with industrial-scale processes, involving many thousands of people, lying behind both state-sponsored
cyber-espionage and organised cybercrime."
MI5 worked with one major London-listed company that estimated it had lost £800m in revenue as a result of a hostile cyberattack from a state, he said. The damage came through intellectual-property loss and commercial disadvantage during contract negotiations.
"They will not be the only corporate victim of these problems," Evans said.
While the MI5 head did not mention particular attacks, companies have been grappling with threats such as Flame, which
Kaspersky Labs has described as "a sophisticated cyber-espionage toolkit primarily targeting Windows computers in the Middle East". The US and Israel developed
Flame to collect data on the Iranian nuclear programme, so that the countries could develop cyber-sabotage tools, according to the
Washington Post.
Comment: Checklist?
Afghanistan
Iraq
Libya
Syria ..then off to?