Monday, 5 October 2015

Market for Stolen Data Is Hotbed of Innovation, Brian Krebs Says

ORLANDO, Fla. – Silicon Valley isn’t  the only source of business innovation. It turns out that the hackers selling stolen data on the dark Web are a powerful source of innovation, too, according to cybersecurity reporter Brian Krebs.

“There has never been such a glut of stolen information out there,” Mr. Krebs said Sunday. “One of the interesting things that comes out of all this, is innovation,” he said at the Gartner Symposium ITxpo 2015, which began Sunday and is expected to draw thousands of CIOs and business technology professionals.

Mr. Krebs, a former Washington Post reporter, now operates the news and investigative site Krebs on Security and has broken major stories such as the Target Corp TGT +0.03%.  breach.

There’s a huge gap between physical security of a network and the effort that goes into compliance, and hackers are highly adept at exploiting this perception-reality disconnect, he says. Will the breaches let up? “People always ask me … my response is the light at the end of the tunnel is not a way out, it’s an oncoming train,” he says. For the full article click here

 



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