Sophos News

InfoSec Europe 2017: ‘It’s all about ransomware and IoT’

Security practitioners from around the world are in London for this week’s InfoSec Europe 2017 gathering at the Olympia Grand. 

This year’s agenda covers everything from threats against the Internet of Things (IoT) to GDPR readiness and the ongoing scourge of ransomware. Among the speakers: Sophos Global Head of Security Research James Lyne.

Lyne participated in a keynote discussion about the things he believes are hurting businesses the most today, as well as where we think attackers will go next. To sum it up, he said:

It’s all about ransomware and IoT.

During Tuesday’s keynote, Lyne talked about the “continued professionalization of ransomware as a service,” which he called, “sublime to ridiculous”. He noted how the dark web’s ransomware-as-a-service (RaaS) market even includes a rating system where criminals “earn stars for stealth, evil, value and price.

.Lyne’s advice for those in attendance:

Those are items he said many companies continue to struggle with. He hopes attendees are discussing better ways to work together to strengthen those areas. As he said during the keynote:

When we look at some of these cyber-attacks, we’re talking about failures verging on negligence. We can’t rely on continued tools to help us decrypt ransomware — WannaCry is a wake-up, but it could be worse.