This will be the decade of the hack, according to Charles Sturt University (CSU) adjunct lecturer, Asia Pacific Director of the Global Institute for Cybersecurity + Research and leading Australian cyber security expert, Dr Craig Wright.

“The hacking incident recently reported by McAfee is the largest cyber espionage incident in recorded history and it is only set to get bigger,” Dr Wright said.

 

“The rise of cyber-based groups engaging in ‘hactivism’ is creating chaos, but it is only the beginning as these groups start to do more damage.

 

“Al-Qaeda and other pure terror groups have been on the back foot, unable to leverage the social aspects of Web 2.0, but this could change as groups such as Anon and LulzSec define a distributed model for social malfeasance and increased attacks against government and corporations.”

 

Dr Wright will discuss the increasing chaos caused by hacking groups and his research into cyber security during a webcast on Friday 26 August.

 

“The webcast will cover research into the consequence of misaligned incentives in cyber security and its relationship to auditing,” Dr Wright said.

 

“The research demonstrates how the existing audit process leads to security breaches and misspent moneys that add little value to an organisation’s cyber security controls. In particular, I will discuss possible changes needed in this decade in cyber security, such as legislation and system controls, as CyberCrime and state-based groups compete for control of compromised hosts and create a form of warfare, with the average person and company caught in the middle.

 

“Add to this criminal controlled botnets of millions of ‘zombie hosts’ and this decade is set to be the decade of the hack.”

 

Dr Wright said the webcast will also discuss the rise of the mega bot, networks of hundreds of millions of compromised computer systems ‘owned’ by criminal, state and terror groups that will start to attack one and other for control once they have reached saturation point.

 

 “We are coming into a new era and we are just not ready for it.”

 

The webcast will be presented by Dr Wright from 7pm to 8pm EST on Friday 26 August.

 

To register, visit this website.