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Threats to Computer Networks

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Submitted By spartauae
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TABLE OF CONTENT

Introduction 2
Threats 2
• State-sponsored espionage and sabotage of computer networks 2
• Monster DDoS attacks 2
• The loss of visibility and control created by IT consumerization and the cloud 2
• The password debacle 3
• The insider threat 3
UAE CASE 3
Precaution 4
Conclusion 4
Bibliography 5

Introduction
As the requirement of the paper I will explain the types of fraud may face by the organisation computer networks. Along with I will discuss two cases of such fraud in UAE and finally I will discuss possible precautions to mitigate the risk of such frauds. In recent year the computer network threats become technically more advanced, sophisticated, more organised and at the same time difficult to detect. It is important to mention that these attacks not only damage network security for financial frauds but this also aim to disable and reliability of the infrastructure as well, which may cause worse type of threat to the national security. (Tom Cross and Eric Savitz, Forbes Staff, 2012)
Threats
Most respected financial magazine FORBES has mentioned five main security threats to the computer networks which includes.
• State-sponsored espionage and sabotage of computer networks o In 2012 a very famous virus called Flame was discovered which was not traced by the software in years. Similarly virus named Shamon destroyed the data of oil and energy companies and made the machines unbootable.
• Monster DDoS attacks o DDos stands for the distributed denial of services attack. In recent years the size of this DDos type of attack increases by 88% as compare to the previous year. This type of attack hit many US Financial firms and it consumes very high size of bandwidth and last for more than the usual time. The DDOs exceeded 60 Gbps as compare to the normal 5-10Gbps attack.
• The loss of visibility and control created by IT

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