![]() Tzruya also highlighted the recent Liberty Reserve virtual-currency-money- laundering scandal to illustrate how Darknet forums can enable cyber-criminals to execute “monetary and non-monetary transactions.” “If you want to take down your competitor’s website, you can do that today for hundreds of dollars,” he added. The market for these cyber-weapons includes rogue nation-states, terrorist groups, and crime syndicates, he said. Tzruya says that hackers sell their zero-day exploits on the black market through “Darknets,” or anonymous networks of computers where IP addresses are never revealed, at costs ranging anywhere from $50,000 to $250,000 per program, by his estimates. Department of Labor website, targeting employees with access to sensitive information about nuclear technologies. Also, this past April, researchers discovered that a vulnerability in Internet Explorer 8, had allowed hackers to launch a zero-day attack on the U.S. The infamous Stuxnet attack on Iran’s nuclear program incorporated four different zero-day attacks, for example. “It’s like looking for a needle in a huge haystack, and you don’t even know what the needle looks like,” said Gazit. Zero-day attacks are especially problematic because each one is unique and tailored to exploit a specific software vulnerability, making them more difficult to detect. Wearing satellite cufflinks, Gazit emphasized that while computer virus behavior is easy to identify, the modern cyber-security professional has to be prepared to combat a much more insidious threat: the so-called “zero-day exploit.”Ī zero-day exploit is an attack that targets an undiscovered flaw in a software program and then implants malicious code into the application, which gives the hacker access to the selected user’s privileged information. Tzruya said these attacks have direct and indirect costs of $100 billion and $400 billion a year, respectively.Ībove: ThetaRay chief executive Mark Gazit I met with them at The Israel Conference, which took place last week at L.A.’s Luxe Hotel.Ībove: Jerusalem Venture Partners partner Yoav Tzruya.įunded by Tzruya’s JVP, ThetaRay is a cyber-security firm that uses “extremely big data” to protect financial institutions and critical infrastructure, like nuclear plants and transportation systems, from “strategic, high-level” cyber attacks, according to Gazit. Given Israel’s ranking as the world leader for cyber-security by Switzerland’s International Institute for Management Development in their 2013 World Competitiveness Yearbook, I spoke to two of Israel’s preeminent cyber-security entrepreneurs, ThetaRay chief executive Mark Gazit, and Jerusalem Venture Partners partner Yoav Tzruya, to learn more about the growing threat of cyber-espionage, and available countermeasures to protect America’s critical infrastructures. ![]() leaders to make cyber-security an issue of national priority. Last week’s Pentagon report disclosing the breach that allowed Chinese hackers to infiltrate some of America’s most advanced weapons systems reveals the U.S.’s gaping online vulnerabilities and compels U.S.
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