Daily Management Review

Core systems at energy companies may have been compromised by hackers: Symantec


09/06/2017


Security researchers at Symantec have raised concerns regarding core systems at industrial firms, including those in the United States and Europe, being compromised by attackers, who could leverage them for destructive purposes in the event of a major geopolitical conflict.



Researchers at cyber security company Symantec have warned, advanced hackers who have earlier targeted energy companies in Europe and in the United States, have in some cases managed to penetrate into core systems that control the companies’ operations.
 
In a report published on Wednesday, researchers at Symantec disclosed that hackers having targeted these institutions with malicious email campaigns have gained entry into organizations in  Switzerland, United States and Turkey, as well as in other countries.
 
The cyber attacks, which began in late 2015, have increased in frequency in April this year.
In an interview, Eric Chien, a cyber security researcher from Symantec said, these attacks are probably the work of a foreign government and have the hallmarks of the Dragonfly, a hacking group.

The report adds to concerns that industrial firms, including utilities and power providers, are vulnerable to cyber attacks that could be leveraged for destructive purposes in the event of a major geopolitical conflict.

Earlier in June, the U.S. government had warned industrial firms on a hacking campaign that targeted nuclear and energy sectors through phishing emails that harvested credentials in order to gain access to the targeted networks.

As per Chien, while dozens of companies have been targeted across the world, a handful of them have been compromised on the operational level. This level of access means that motivation is “the only step left” which prevents “sabotage of the power grid,” said Chien.

Dragonfly was active from 2011 to 2014. After security researchers exposed its attacks, the group, which also goes by the name of Energetic Bear or Koala, became dormant.

Among the cyber security community, it is widely to be tied to the Russian government.

Although Symantec’s report did not specifically mention Russia, its report however noted that the attackers used code strings that were in Russian and French. This could mean that the attackers were attempting to make obfuscate their identity, said Symantec.


References:
reuters.com







Science & Technology

Apple takes up to develop Apple Watch for health monitoring

Hyperloop is growing in Europe

Analysts: US gamers prefer mobile games

Google Assistant Winner Of Head-To-Head Test Of Digital Assistants, Beats Siri And Alexa

Animals Can Burn Muscle To Supplement Body Water Needs, Finds A Study

The future of private flights at Farnborough air show

Experts Want To Fix Problem Of AI Hurting People Of Color And The Poor

New Study Claims Astrobiologists Locating Possible Life On Moon In Its Life Time

Wreck Of Russian Ship Rumoured To Have 5,500 Boxes Of Gold Found Near South Korean Island

Gene Editing of Human Embryo Could Find ‘Moral’ Grounds: UK’s Ethics Council

World Politics

World & Politics

Venezuela comes up with a new monetary reform

Paris is losing its icon public bicycle sharing system

Heat wave in Europe creates problems for brewers

Is it legal to print a gun? US is discussing 3D printing of firearms

Southeast Asian Leaders To Seek Clarity Of US Policies For The Region Form Pompeo

The world economy is accumulating environmental debt

US To Invest $113 Million In Asia To Counter Chinese Influence

US Intelligence Detects New Activity At Its Missile ICBM Factory: Reports