WHY IT MATTERS: Digital Transformation

When the botnet loses communication to a C2 domain—typically because there is some sort of law enforcement action—the botnet knows to go and scan the entire public Bitcoin blockchain and it looks for transactions between those three Bitcoin addresses,” said Plante. In other words, every time a C2 domain gets taken down, Glupteba can automatically reconstitute via a new domain address sent through the gang’s crypto wallets.
The decentralized nature of the blockchain means that there isn’t really any way to block these messages from going through, or to incapacitate the associated crypto addresses, said Plante.

In an evermore connected world, large-scale cyberattacks and online threats to businesses are rising exponentially. The Cyber-Risk & Resilience special report, published in The Sunday Times, features insights into the impact cybercriminals can inflict on organisations and individuals. From chatbots spreading fake news, risks concerning personal data, biometrics and fraud, as well as tackling phishing emails, the potential dangers are unprecedented. Also included is an infographic on why hackers hack and an article on the top five ways quantum computing will change cybersecurity for good.