Panel: 2021 Cyber Threat Recap, Supply Chain Attacks & Ransomware
“This year has marked a very steep escalation at a minimum…and a very significant seat change,” said Eric Friedberg, Co-Founder and Co-President, Stroz Friedberg, an Aon Company, when asked to elaborate on the 2021 cyber threat landscape.
Friedberg joined Edward R. McNicholas, Partner, Ropes & Gray, for the kick-off panel, ‘The Evolution Of The Cyber Threat Environment And Effective Responses To It,’ as a part of the ‘Future of Global Data Protection: Conflict or Coherence?’ virtual event.
During the dynamic session, the pair recapped the 2021 cyber threat environment and explored the conditions surrounding the major shifts. Watch the panel snippets below to hear insights from the event.
Panel Snippet 1 | Digital Supply Chain Attacks
Watch the snippet below to learn more about how the digital supply chain attacks of 2021 are markers of a seat change and how ransomware events contributed to the changing landscape.
Panel Snippet 2 | Compromised Credentials and Lack of Patching
“Even though attackers on the other side are extremely sophisticated, they’re not having to pull out zero-day exploits in 90-95% of the cases,” said Friedberg. He went on to say that the attackers “…are using basic attack methods because they work.” Watch the snippet below to hear more about the risks posed by common initial attack vectors like compromised credentials and lack of patching.
Panel Snippet 3 | Demand for Talent and Optimized Communication
Watch the snippet below to learn more about the growing need for cyber security talent as organizations and boards continue to increasingly prioritize and discuss cyber capabilities.
Panel Snippet 4 | Offensive Actions
When asked about offensive actions, Friedberg commented that there are “…a number of challenges in that regard, which are really related to scale and speed. We need more law enforcement professionals, just like the private sector does, that can be dedicated to offensive cyber operations.”
Watch the snippet below to learn more about the importance of taking thoughtful offensive actions when approaching cyber security to help close the gap between the speed of the legal system and cyber attackers.
Panel Snippet 5 | Bilateral Cooperation
Watch the snippet below to hear more about the case for bilateral cooperation and its ability to effect disruption of specific cyber threats.
Panel Snippet 6 | Information Sharing
Watch the snippet below to learn more about the importance of improved information sharing, particularly when approaching cyber security threats with international implications.