Computer networking giant Cisco says the recent WannaCry and Petya/NotPetya incidents signal the advent of a new generation of cyberattacks that is aimed more at mass disruption than financial gain. The new breed of “Destruction of Service” attacks will only grow more sophisticated and potent, the company says in its Cisco 2017 Midyear Cybersecurity Report.
The report warns that cybercriminals “now have the ability—and often now, it seems, the inclination—to lock systems and destroy data as part of their attack process.” The report, released July 20, also lays out new threats posed by the growing network of connected devices known as the “Internet of Things” and examines’ hackers’ continued use of Business Email Compromise (BEC) attacks, which it says accounted for $5.3 billion in cybertheft between 2013 and 2016.
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