United Kingdom

Details

  • Industry: Technology
  • Type: Press release
  • Date: 03/06/2014

Cyber arrest is like cutting the head off the hydra 

 

Commenting on news that computer users are being urged to protect their machines from malware which could allow hackers to steal financial data, following charges made against Evgeniy Bogachev, Stephen Bonner, a partner in KPMG’s cyber security practice, says : "This fantastic effort across over 10 countries and including the NCA in the UK, the FBI in the US and private sector organisations have 'cut the head of the hydra' of the control networks that steal banking access and encrypt data for ransom. It not only cuts off the flow of money to the criminals and helps unmask their identities but it also means that the current infections cannot be updated with new versions.

 

“However, like any hydra, the heads will grow back and organised crime will return, but this event presents a unique opportunity to clean up our systems while the criminals cannot update their infections.


"Our advice is to patch, update anti-virus and run scans and most importantly take backups of critical data that are not accessible from your machine directly. This will have a better chance of cleaning out current infections of this sort than ever before, helping to reduce the risk of being affected in the future and reducing the impact should your critical data be encrypted or otherwise corrupted. If you are only going to do one thing then make sure you backup before the botnet returns."

 

Ends

                                                                                                                            
Media enquiries:

 

Mike Petrook, KPMG Press Office

020 7311 5271 (t), 07917 384 576 (m) or mike.petrook@kpmg.co.uk

 

Notes to Editors:

 

* Ed Michaels, Helen Handfield-Jones and Beth Axelrod, The War for Talent (Harvard Business School Press, 2001).

 

** Survey by AM Azure of the organizations featured in The War for Talent analyzing 100 plus firms to evaluate current corporate performance in 2013.

 

About KPMG

 

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

 

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