Cisco warns all global firms against destruction of service (DeOS) Cyber Attack

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Cisco, which offers networking solutions to the corporate world, has issued a new warning to all globally located firms against a new wave of cyber attack, described as “Destruction of Service” (DeOS). The multi-technology conglomerate of America feels that cyber attacks of the said variant could eliminate organizations backups and safety nets meant for business continuity,

Cisco Cyber security report released mid this year has specified that IOT growth will proportionately increase the attack surfaces by exposing organizations to even greater harm.

The firm’s 2017 Midyear Cybersecurity Report, claimed that WannaCry and Nyetya showed rapid spread and wide impact of attacks that look like usual ransomware but are much more destructive leaving businesses with no way to recover.

Cisco strongly feels that the above specified cyber attacks launched in May and June this year were initiated for other reasons and not for simple financial gains.

After reviewing the IoT botnet activity, experts from Cisco have reached a conclusion that some attackers funded by some governments could have already laid a foundation for a wide reaching, high impact cyber threat that could disrupt whole of the internet.

Cisco feels that measuring the effectiveness of security practices in the face of cyber attacks will be critical from now on. And so the California based networking giant has reduced the “Time of detection (TTD), the window of time between a compromise and the detection of threat.

Since November 2015, Cisco reduced TTD to 39 hours and then in November 2016 the Time frame was abridged to 3.5 hours.

Note- The figure is based on opt-in telemetry gathered from Cisco security products used on a worldwide note.

More details will be updated shortly!

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Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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