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Internet Security Threats at the Olympics

There are a lot:

The cybersecurity company McAfee recently uncovered a cyber operation, dubbed Operation GoldDragon, attacking South Korean organizations related to the Winter Olympics. McAfee believes the attack came from a nation state that speaks Korean, although it has no definitive proof that this is a North Korean operation. The victim organizations include ice hockey teams, ski suppliers, ski resorts, tourist organizations in Pyeongchang, and departments organizing the Pyeongchang Olympics.

Meanwhile, a Russia-linked cyber attack has already stolen and leaked documents from other Olympic organizations. The so-called Fancy Bear group, or APT28, began its operations in late 2017 –¬≠ according to Trend Micro and Threat Connect, two private cybersecurity firms¬≠ — eventually publishing documents in 2018 outlining the political tensions between IOC officials and World Anti-Doping Agency (WADA) officials who are policing Olympic athletes. It also released documents specifying exceptions to anti-doping regulations granted to specific athletes (for instance, one athlete was given an exception because of his asthma medication). The most recent Fancy Bear leak exposed details about a Canadian pole vaulter’s positive results for cocaine. This group has targeted WADA in the past, specifically during the 2016 Rio de Janeiro Olympics. Assuming the attribution is right, the action appears to be Russian retaliation for the punitive steps against Russia.

A senior analyst at McAfee warned that the Olympics may experience more cyber attacks before closing ceremonies. A researcher at ThreatConnect asserted that organizations like Fancy Bear have no reason to stop operations just because they’ve already stolen and released documents. Even the United States Department of Homeland Security has issued a notice to those traveling to South Korea to remind them to protect themselves against cyber risks.

One presumes the Olympics network is sufficiently protected against the more pedestrian DDoS attacks and the like, but who knows?

EDITED TO ADD: There was already one attack.

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Cybercrime as a Tax on the Internet Economy

I was reading this 2014 McAfee report on the economic impact of cybercrime, and came across this interesting quote on how security is a tax on the Internet economy:

Another way to look at the opportunity cost of cybercrime is to see it as a share of the Internet economy. Studies estimate that the Internet economy annually generates between $2 trillion and $3 trillion,1 a share of the global economy that is expected to grow rapidly. If our estimates are right, cybercrime extracts between 15% and 20% of the value created by the Internet, a heavy tax on the potential for economic growth and job creation and a share of revenue that is significantly larger than any other transnational criminal activity.

Of course you can argue with the numbers, and there’s good reason to believe that the actual costs of cybercrime are much lower. And, of course, those costs are largely indirect costs. It’s not that cybercriminals are getting away with all that value; it’s largely spent on security products and services from companies like McAfee (and my own IBM Security).

In Liars and Outliers I talk about security as a tax on the honest.

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