Cyber ​​threats increase amid Israel-Palestine war | spcilvly

The conflict between Israel and Palestine is likely to develop with equal intensity in the cyber sphere. Experts have warned of rising cases of intelligence hacking and network disruptions, which would affect allied nations on both sides.

Dark web attacks can also be carried out for commercial purposes, while the world may see more and more malware attacks, cyber warfare consultants said.

“Israel has one of the most advanced security systems in the world. The attack on Israel perhaps means that there may also have been a technological hack to suppress intelligence gathering and alerts. It is escalating in the physical world and is likely to become a full-blown cyber war,” said Siddharth Vishwanath, risk, markets and emerging business consulting leader at PwC.

Some experts expect geopolitical repercussions with disruptions to the network, stock market or telecommunications. “Cyber ​​warfare will see more actors. We will see an increase in cyber attacks for commercial purposes and a cyber war will also bring newer malware and ammunition to the world of cyber crime,” Vishwanath added.

In the wake of the war between Russia and Ukraine, an increase in cyber warfare was observed. However, the situation in the Middle East may be more aggressive. Since the Hamas attack on Israel on Saturday, casualties on both sides have exceeded 1,000, and the numbers continue to rise.

“With shifting geopolitical alliances, there may be more state-sponsored cyberattacks. Business-to-business exchanges are likely to be affected as nations choose sides,” said Prasanna Kumar, executive vice president and head of Aon’s financial services and professional group. He also emphasized the cascading effects of war on businesses. and in the national infrastructure.

“Several economies will be affected after this war, as seen after the Russia-Ukraine war, when companies in the United States, the United Kingdom and France faced serious consequences and were targeted by attacks to exploit national infrastructure, collect intelligence and extort money.”

Two days ago, the Israeli news agency The Jerusalem Post was hacked. The website crashed “due to a series of cyber attacks,” he said on social media platform X.

Experts said the next set of targets does not have to be countries at war. “One estimate is that hacking to obtain intelligence data will increase. Cyberattacks will increase on countries that have allegedly helped train Hamas fighters. Companies, regardless of where they are based, will have to up their ante,” said Dhiraj Gupta, chief technology officer at MFilterIt, a fraud detection and prevention company.

Companies have been steadily increasing their insurance policies against cyber attacks. India Inc. is increasingly seeking dedicated cybersecurity insurance coverages to address widespread cyber threats, including malware attacks, compromised emails, and cryptojacking. While banks, non-banking companies and information technology services companies were the first to purchase cyber insurance covers due to greater exposure to digitally connected systems and to protect financial transactions.

“Exciting news! Mint is now on WhatsApp channels 🚀 Subscribe today by clicking the link and stay up to date with the latest financial insights.” Click here!

Check out all the industry news, banking news and updates on Live Mint. Download The Mint News app for daily market updates.

More less

Updated: October 10, 2023, 12:07 am IST

Leave a Reply

Your email address will not be published. Required fields are marked *