Fake news on social media is the next big challenge: CyberArk CEO


By Rahul Tripathi
The Indian Express
January 29, 2019
Fake News on social media, across the globe, is going to be the next big challenge for cyber security companies as it is “complicated” believes Udi Mokady, chairman and CEO of CyberArk, the second biggest cyber security solutions company in Israel.
Mokady, who served with Israel Defence Forces, before setting up CyberArk says, “We have witnessed media (being) attacked by nation states to reveal their sources. We do not have a solution for fake news. It(the situation) is going to be complicated and challenging as new technology can manipulate videos and can transmit with leaders (political) saying something and them being projected as something else. To filter fake news, one will have to rely more on human intelligence than computers.”
Israel, with hostile neighbours, is second after United States on perception of cyber attacks as a threat. It is also among the countries with which New Delhi has close ties on cyber security.
The company has customers in over 70 countries including India. Every country is facing enhanced risk in the cyber world and as attacker is at advantage, it is very hard for any enforcement agency to counter the cyber attacks, Mokady told The Indian Express at the sidelines of a press conference
In fact, Israel’s Check Point Software in 2017 had unearthed cyber attackers targetting online streaming platform like Netflix, Kodi, Popcorn time. The software giant head of products, Oded Vanunu, while demonstrating how his firm acting on the intelligence decoded the attack says, “They were targetting the software that provides subtitle on the online streaming sites. The malicious code were sent to the servers and after that the hacker had complete information about the system/computer/smartphone”. Checkpoint is the largest cyber security organisation in Israel with over 5,300 employees worldwide.
In a report titled, Cyber Attack, Trend Analysis, released last week, Check Point also analysed the Facebook data breach that had resonated in India. “In March (2018), reports emerged of how Cambridge Analytica, a political data firm, collected the personal data of over 50 million Facebook users via a ‘personality test’ app that scraped details about people’s personalities, social networks, and their engagement on the social platform. The scandal had a major impact on the internet giant and arguably led to a dramatic drop in their share price,” the report states.
Delving into the roles of Nation States which employ cyber tools to gather citizen’s data ,the report says, Cyberspace often provides a veil of secrecy for nation-states to achieve operational gains. Over the past years, however, a trend has emerged to indicate that several have given up this veil and now operate quite openly, almost provocatively. Of course, while no country takes responsibility for cyber-attacks, attribution is sometimes not too difficult to assign.”
“The precedents for such openness can be found in the aggressive Russian attacks against the Ukraine. Black Energy, which took down the power grid29 in Ukraine in 2015 and NotPetya30 which shut down the entire country in 2017, marked the way for several more countries to operate more freely; sometimes without the use of evasion techniques or fully covering their tracks”, the report claims.
Ransomware or WannaCry which few years back was said to be a potent threat in developing countries including India “is no longer on the top of the malware list.” The general impact of ransomware over organizations world-wide dropped from 30% at its peak in 2017 to less than just 4% in 2018, the report stated.
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