Counting the Cost Cyber Exposure Decoded 02

Total Page:16

File Type:pdf, Size:1020Kb

Counting the Cost Cyber Exposure Decoded 02 Emerging Risks Report 2017 Technology Counting the cost Cyber exposure decoded 02 Lloyd’s of London Disclaimer Key Contacts This report has been co-produced by Lloyd's and Cyence Trevor Maynard for general information purposes only. While care has Head of Innovation been taken in gathering the data and preparing the [email protected] report, Lloyd's does not make any representations or warranties as to its accuracy or completeness and For general enquiries about this report and Lloyd’s expressly excludes to the maximum extent permitted by work on innovation, please contact law all those that might otherwise be implied. [email protected] Lloyd's accepts no responsibility or liability for any loss or damage of any nature occasioned to any person as a About the authors result of acting or refraining from acting as a result of, or Trevor Maynard PhD, MSc, FIA has degrees in pure in reliance on, any statement, fact, figure or expression of maths and statistics and is a Fellow of the Institute of opinion or belief contained in this report. This report Actuaries. He is Head of Innovation at Lloyd’s including does not constitute advice of any kind. responsibility for horizon scanning and emerging risks. Subjects covered in recent years include: the economic © Lloyd’s 2017 and social implications of a food system shock; the All rights reserved effects of cyber-attacks on the US energy grid and an exploration of aggregation modelling methods for liability About Lloyd’s risks. Lloyd's is the world's specialist insurance and He is co-chairman of OASIS, an open modelling platform reinsurance market. Under our globally trusted name, we for catastrophe models and sits on the Board of the act as the market's custodian. Backed by diverse global Lighthill Risk Network. capital and excellent financial ratings, Lloyd's works with a global network to grow the insured world – building the George Ng, a founder and Chief Technology Officer, resilience of local communities and strengthening global leads major research projects and initiatives at Cyence. economic growth. Previously, he was the Chief Data Scientist at YarcData. George has also worked as a Research Scientist at With expertise earned over centuries, Lloyd's is the DARPA and US-CERT and as faculty at American foundation of the insurance industry and the future of it. University. He received his PhD from UC Irvine and B.A. Led by expert underwriters and brokers who cover more from UC Berkeley, both in Economics. than 200 territories, the Lloyd’s market develops the essential, complex and critical insurance needed to underwrite human progress. About Cyence Cyence empowers the insurance industry to understand the impact of cyber risk in the context of dollars and probabilities. It’s unique approach combines economic/risk modeling, cybersecurity and big data analytics to create an economic cyber risk modeling platform. Cyence Platform and analytics are leveraged by leaders across the insurance industry to help understand and manage cyber risk as well as to roll out new transformative insurance products. Counting the cost – cyber exposure decoded 03 Acknowledgements Cyence project team and area of expertise − Dr George Ng, CTO and co-founder The following people were interviewed, took part in workshops or roundtables, or commented on earlier − Dr Yoshifumi Yamamoto, Principal Modeler drafts of the report; we would like to thank them all for − Matthew Honea, Cyber Manager their contributions: − Misti Lusher, Director of Marketing Insurance industry workshops and consultation − Scott Hammesfahr, Product Marketing Manager − Tom Allen, Channel 2015 − Phil Rosace, Senior Solutions Manager − Scott Bailey, Markel − David Baxter, Barbican Cyence external partners − Sean Kanuck, advisory board member for Cyence − Marcus Breese, Hiscox and former first United States National Intelligence − Stephanie Bristow, Hiscox Officer for Cyber Issues from 2011-2016 − Robert Brown, Neon − Marc Goodman, New York Times best-selling author of Future Crimes and global strategist and advisory − Wesley Butcher, Atrium board member for Cyence − Danny Clack, Pembroke Lloyd’s project team − Jason Clark, Faraday − Dr Trevor Maynard, Head of Innovation − Nils Diekmann, MunichRe − Dr Keith Smith, Innovation team − Daniel Fletcher, QBE − Lucy Stanbrough, Innovation team − Matt Harrison, Hiscox − Flemmich Webb, Speech and Studies − Matthew Hogg, Liberty Further thanks go to the following for their expertise, − Adam Holdgate, AM Trust feedback and assistance with the study: − Jerry Hyne, Aegis LMA − Laila Khudairi, Tokio Marine Kiln − Mel Goddard, Market Liaison Director, Lloyds Market − Nick Leighton, Aegis Association − Alessandro Lezzi, Beazley − Tony Ellwood, Senior Technical Executive – − Ben Maidment, Brit Underwriting, Lloyds Market Association − Kelly Malynn, Beazley Lloyd’s − Phil Mayes, Talbot − Caroline Dunn, Class of Business − Alastair Nappin, MunichRe − Linda Miller, Marketing and Communication − Raheila Nazir, Aspen − Tope Omisore, International Regulatory Affairs − Matt Northedge, AM Trust − Paul Sanders, International Regulatory Affairs − Andrew Pearson, Barbican − Christian Stanley, Class of Business − Scott Sayce , CNA Hardy − David Singh , MS Amlin − Dan Trueman, Novae − Stephen Wares, MS Amlin Counting the cost – cyber exposure decoded 04 Contents Executive summary ............................................................................................................................................................... 5 1. Introduction ....................................................................................................................................................................... 8 2. Research approach ......................................................................................................................................................... 12 3. The current state of cyber coverage ............................................................................................................................... 15 4. The scenarios ................................................................................................................................................................. 19 4.1. Cloud service providers ............................................................................................................................................... 20 4.2. Modelled scenario: Cloud service provider hack ......................................................................................................... 27 4.3 Mass vulnerabilities ....................................................................................................................................................... 32 4.4 Modelled scenario: mass vulnerability attack ............................................................................................................... 36 5. Conclusion ...................................................................................................................................................................... 47 References .......................................................................................................................................................................... 50 Counting the cost – cyber exposure decoded Executive summary 05 Executive summary The aim of this report is to provide insurers who write Lloyd’s worked with the Lloyd’s Market Association on a cyber coverage with realistic and plausible scenarios to series of collaborative workshops involving cyber help quantify cyber-risk aggregation. The understanding underwriters from the Lloyd’s market to discuss and of cyber liability and risk exposures is relatively include feedback in the report, and identify the underdeveloped compared with other insurance classes. implications and considerations for the insurance industry. By understanding cyber risk exposure, insurers can improve their portfolio exposure management, set Cyber-attack – an increasing threat appropriate limits and gain the confidence to expand into this fast-growing insurance class. Cyber risk is a growing global threat. While digitisation is revolutionising business models and transforming daily The report is designed for risk managers whose lives, it is also making the global economy more businesses are exposed to the types of cyber-attacks vulnerable to cyber-attacks. described in the report’s two scenarios: a hack that takes down their cloud-service provider or an attack that As a result, the economic and insurance consequences causes the failure of a particular operating system across of cyber-crime are increasing. In 2016, cyber-attacks their own company, customers, suppliers and/or business were estimated to cost businesses as much as $450 partners. billion a year globally (Graham, 2017). Increasingly, insurers are helping policyholders manage these events; Each of these scenarios encompasses a range of everything from individual breaches caused by malicious variables including possible risk mitigation and cyber- insiders and hackers, to wider losses such as breaches attack response. This means organisations can consider of retail point-of-sale devices, ransomware attacks such the impact on their own operations. as BitLocker, WannaCry and distributed denial-of-service attacks such as Mirai. Methodology The cyber threat is increasing and is expected to This report was developed collaboratively by Lloyd’s and continue to do so as the world economy continues to Cyence, who brought
Recommended publications
  • Internet Security Threat Report Volume 24 | February 2019
    ISTRInternet Security Threat Report Volume 24 | February 2019 THE DOCUMENT IS PROVIDED “AS IS” AND ALL EXPRESS OR IMPLIED CONDITIONS, REPRESENTATIONS AND WARRANTIES, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT, ARE DISCLAIMED, EXCEPT TO THE EXTENT THAT SUCH DISCLAIMERS ARE HELD TO BE LEGALLY INVALID. SYMANTEC CORPORATION SHALL NOT BE LIABLE FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS DOCUMENT. THE INFORMATION CONTAINED IN THIS DOCUMENT IS SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION OBTAINED FROM THIRD PARTY SOURCES IS BELIEVED TO BE RELIABLE, BUT IS IN NO WAY GUARANTEED. SECURITY PRODUCTS, TECHNICAL SERVICES, AND ANY OTHER TECHNICAL DATA REFERENCED IN THIS DOCUMENT (“CONTROLLED ITEMS”) ARE SUBJECT TO U.S. EXPORT CONTROL AND SANCTIONS LAWS, REGULATIONS AND REQUIREMENTS, AND MAY BE SUBJECT TO EXPORT OR IMPORT REGULATIONS IN OTHER COUNTRIES. YOU AGREE TO COMPLY STRICTLY WITH THESE LAWS, REGULATIONS AND REQUIREMENTS, AND ACKNOWLEDGE THAT YOU HAVE THE RESPONSIBILITY TO OBTAIN ANY LICENSES, PERMITS OR OTHER APPROVALS THAT MAY BE REQUIRED IN ORDER FOR YOU TO EXPORT, RE-EXPORT, TRANSFER IN COUNTRY OR IMPORT SUCH CONTROLLED ITEMS. TABLE OF CONTENTS 1 2 3 BIG NUMBERS YEAR-IN-REVIEW FACTS AND FIGURES METHODOLOGY Formjacking Messaging Cryptojacking Malware Ransomware Mobile Living off the land Web attacks and supply chain attacks Targeted attacks Targeted attacks IoT Cloud Underground economy IoT Election interference MALICIOUS
    [Show full text]
  • Security Now! #664 - 05-22-18 Spectreng Revealed
    Security Now! #664 - 05-22-18 SpectreNG Revealed This week on Security Now! This week we examine the recent flaws discovered in the secure Signal messaging app for desktops, the rise in DNS router hijacking, another seriously flawed consumer router family, Microsoft Spectre patches for Win10's April 2018 feature update, the threat of voice assistant spoofing attacks, the evolving security of HTTP, still more new trouble with GPON routers, Facebook's Android app mistake, BMW's 14 security flaws and some fun miscellany. Then we examine the news of the next-generation of Spectre processor speculation flaws and what they mean for us. Our Picture of the Week Security News Update your Signal Desktop Apps for Windows & Linux A few weeks ago, Argentinian security researchers discovered a severe vulnerability in the Signal messaging app for Windows and Linux desktops that allows remote attackers to execute malicious code on recipient systems simply by sending a message—without requiring any user interaction. The vulnerability was accidentally discovered while researchers–amond them Juliano Rizzo–were chatting on Signal messenger and one of them shared a link of a vulnerable site with an XSS payload in its URL. However, the XSS payload unexpectedly got executed on the Signal desktop app!! (Juliano Rizzo was on the beach when the BEAST and CRIME attacks occurred to him.) After analyzing the scope of this issue by testing multiple XSS payloads, they found that the vulnerability resides in the function responsible for handling shared links, allowing attackers to inject user-defined HTML/JavaScript code via iFrame, image, video and audio tags.
    [Show full text]
  • Systematization of Vulnerability Discovery Knowledge: Review
    Systematization of Vulnerability Discovery Knowledge Review Protocol Nuthan Munaiah and Andrew Meneely Department of Software Engineering Rochester Institute of Technology Rochester, NY 14623 {nm6061,axmvse}@rit.edu February 12, 2019 1 Introduction As more aspects of our daily lives depend on technology, the software that supports this technology must be secure. We, as users, almost subconsciously assume the software we use to always be available to serve our requests while preserving the confidentiality and integrity of our information. Unfortunately, incidents involving catastrophic software vulnerabilities such as Heartbleed (in OpenSSL), Stagefright (in Android), and EternalBlue (in Windows) have made abundantly clear that software, like other engineered creations, is prone to mistakes. Over the years, Software Engineering, as a discipline, has recognized the potential for engineers to make mistakes and has incorporated processes to prevent such mistakes from becoming exploitable vulnerabilities. Developers leverage a plethora of processes, techniques, and tools such as threat modeling, static and dynamic analyses, unit/integration/fuzz/penetration testing, and code reviews to engineer secure software. These practices, while effective at identifying vulnerabilities in software, are limited in their ability to describe the engineering failures that may have led to the introduction of vulnerabilities. Fortunately, as researchers propose empirically-validated metrics to characterize historical vulnerabilities, the factors that may have led to the introduction of vulnerabilities emerge. Developers must be made aware of these factors to help them proactively consider security implications of the code that they contribute. In other words, we want developers to think like an attacker (i.e. inculcate an attacker mindset) to proactively discover vulnerabilities.
    [Show full text]
  • Internet Security Threat Report VOLUME 21, APRIL 2016 TABLE of CONTENTS 2016 Internet Security Threat Report 2
    Internet Security Threat Report VOLUME 21, APRIL 2016 TABLE OF CONTENTS 2016 Internet Security Threat Report 2 CONTENTS 4 Introduction 21 Tech Support Scams Go Nuclear, 39 Infographic: A New Zero-Day Vulnerability Spreading Ransomware Discovered Every Week in 2015 5 Executive Summary 22 Malvertising 39 Infographic: A New Zero-Day Vulnerability Discovered Every Week in 2015 8 BIG NUMBERS 23 Cybersecurity Challenges For Website Owners 40 Spear Phishing 10 MOBILE DEVICES & THE 23 Put Your Money Where Your Mouse Is 43 Active Attack Groups in 2015 INTERNET OF THINGS 23 Websites Are Still Vulnerable to Attacks 44 Infographic: Attackers Target Both Large and Small Businesses 10 Smartphones Leading to Malware and Data Breaches and Mobile Devices 23 Moving to Stronger Authentication 45 Profiting from High-Level Corporate Attacks and the Butterfly Effect 10 One Phone Per Person 24 Accelerating to Always-On Encryption 45 Cybersecurity, Cybersabotage, and Coping 11 Cross-Over Threats 24 Reinforced Reassurance with Black Swan Events 11 Android Attacks Become More Stealthy 25 Websites Need to Become Harder to 46 Cybersabotage and 12 How Malicious Video Messages Could Attack the Threat of “Hybrid Warfare” Lead to Stagefright and Stagefright 2.0 25 SSL/TLS and The 46 Small Business and the Dirty Linen Attack Industry’s Response 13 Android Users under Fire with Phishing 47 Industrial Control Systems and Ransomware 25 The Evolution of Encryption Vulnerable to Attacks 13 Apple iOS Users Now More at Risk than 25 Strength in Numbers 47 Obscurity is No Defense
    [Show full text]
  • Internet of Things Botnet Detection Approaches: Analysis and Recommendations for Future Research
    applied sciences Systematic Review Internet of Things Botnet Detection Approaches: Analysis and Recommendations for Future Research Majda Wazzan 1,*, Daniyal Algazzawi 2 , Omaima Bamasaq 1, Aiiad Albeshri 1 and Li Cheng 3 1 Computer Science Department, Faculty of Computing and Information Technology, King Abdulaziz University, Jeddah 21589, Saudi Arabia; [email protected] (O.B.); [email protected] (A.A.) 2 Information Systems Department, Faculty of Computing and Information Technology, King Abdulaziz University, Jeddah 21589, Saudi Arabia; [email protected] 3 Xinjiang Technical Institute of Physics & Chemistry Chinese Academy of Sciences, Urumqi 830011, China; [email protected] * Correspondence: [email protected] Abstract: Internet of Things (IoT) is promising technology that brings tremendous benefits if used optimally. At the same time, it has resulted in an increase in cybersecurity risks due to the lack of security for IoT devices. IoT botnets, for instance, have become a critical threat; however, systematic and comprehensive studies analyzing the importance of botnet detection methods are limited in the IoT environment. Thus, this study aimed to identify, assess and provide a thoroughly review of experimental works on the research relevant to the detection of IoT botnets. To accomplish this goal, a systematic literature review (SLR), an effective method, was applied for gathering and critically reviewing research papers. This work employed three research questions on the detection methods used to detect IoT botnets, the botnet phases and the different malicious activity scenarios. The authors analyzed the nominated research and the key methods related to them. The detection Citation: Wazzan, M.; Algazzawi, D.; methods have been classified based on the techniques used, and the authors investigated the botnet Bamasaq, O.; Albeshri, A.; Cheng, L.
    [Show full text]
  • Compromised Connections
    COMPROMISED CONNECTIONS OVERCOMING PRIVACY CHALLENGES OF THE MOBILE INTERNET The Universal Declaration of Human Rights, the International Covenant on Civil and Political Rights, and many other international and regional treaties recognize privacy as a fundamental human right. Privacy A WORLD OF INFORMATION underpins key values such as freedom of expression, freedom of association, and freedom of speech, IN YOUR MOBILE PHONE and it is one of the most important, nuanced and complex fundamental rights of contemporary age. For those of us who care deeply about privacy, safety and security, not only for ourselves but also for our development partners and their missions, we need to think of mobile phones as primary computers As mobile phones have transformed from clunky handheld calling devices to nifty touch-screen rather than just calling devices. We need to keep in mind that, as the storage, functionality, and smartphones loaded with apps and supported by cloud access, the networks these phones rely on capability of mobiles increase, so do the risks to users. have become ubiquitous, ferrying vast amounts of data across invisible spectrums and reaching the Can we address these hidden costs to our digital connections? Fortunately, yes! We recommend: most remote corners of the world. • Adopting device, data, network and application safety measures From a technical point-of-view, today’s phones are actually more like compact mobile computers. They are packed with digital intelligence and capable of processing many of the tasks previously confined
    [Show full text]
  • Technical Brief P2P Iot Botnets Clean AC Font
    Uncleanable and Unkillable: The Evolution of IoT Botnets Through P2P Networking Technical Brief By Stephen Hilt, Robert McArdle, Fernando Merces, Mayra Rosario, and David Sancho Introduction Peer-to-peer (P2P) networking is a way for computers to connect to one another without the need for a central server. It was originally invented for file sharing, with BitTorrent being the most famous P2P implementation. Decentralized file-sharing systems built on P2P networking have stood the test of time. Even though they have been used to share illegal pirated content for over 20 years, authorities have not been able to put a stop to these systems. Of course, malicious actors have used it for malware for quite a long time as well. Being able to create and manage botnets without the need for a central server is a powerful capability, mostly because law enforcement and security companies typically take down criminal servers. And since a P2P botnet does not need a central command-and-control (C&C) server, it is much more difficult to take down. From the point of view of defenders, this is the scariest problem presented by P2P botnets: If they cannot be taken down centrally, the only option available would be to disinfect each of the bot clients separately. Since computers communicate only with their own peers, the good guys would need to clean all the members one by one for a botnet to disappear. Originally, P2P botnets were implemented in Windows, but developers of internet-of-things (IoT) botnets do have a tendency to start incorporating this feature into their creations.
    [Show full text]
  • Reporting, and General Mentions Seem to Be in Decline
    CYBER THREAT ANALYSIS Return to Normalcy: False Flags and the Decline of International Hacktivism By Insikt Group® CTA-2019-0821 CYBER THREAT ANALYSIS Groups with the trappings of hacktivism have recently dumped Russian and Iranian state security organization records online, although neither have proclaimed themselves to be hacktivists. In addition, hacktivism has taken a back seat in news reporting, and general mentions seem to be in decline. Insikt Group utilized the Recorded FutureⓇ Platform and reports of historical hacktivism events to analyze the shifting targets and players in the hacktivism space. The target audience of this research includes security practitioners whose enterprises may be targets for hacktivism. Executive Summary Hacktivism often brings to mind a loose collective of individuals globally that band together to achieve a common goal. However, Insikt Group research demonstrates that this is a misleading assumption; the hacktivist landscape has consistently included actors reacting to regional events, and has also involved states operating under the guise of hacktivism to achieve geopolitical goals. In the last 10 years, the number of large-scale, international hacking operations most commonly associated with hacktivism has risen astronomically, only to fall off just as dramatically after 2015 and 2016. This constitutes a return to normalcy, in which hacktivist groups are usually small sets of regional actors targeting specific organizations to protest regional events, or nation-state groups operating under the guise of hacktivism. Attack vectors used by hacktivist groups have remained largely consistent from 2010 to 2019, and tooling has assisted actors to conduct larger-scale attacks. However, company defenses have also become significantly better in the last decade, which has likely contributed to the decline in successful hacktivist operations.
    [Show full text]
  • Mind the Gap: Dissecting the Android Patch Gap | Ben Schlabs
    Mind the Gap – Dissecting the Android patch gap Ben Schlabs <[email protected]> SRLabs Template v12 Corporate Design 2016 Allow us to take you on two intertwined journeys This talk in a nutshell § Wanted to understand how fully-maintained Android phones can be exploited Research § Found surprisingly large patch gaps for many Android vendors journey – some of these are already being closed § Also found Android exploitation to be unexpectedly difficult § Wanted to check thousands of firmwares for the presence of Das Logo Horizontal hundreds of patches — Pos / Neg Engineering § Developed and scaled a rather unique analysis method journey § Created an app for your own analysis 2 3 Android patching is a known-hard problem Patching challenges Patch ecosystems § Computer OS vendors regularly issue patches OS vendor § Users “only” have to confirm the installation of § Microsoft OS patches Patching is hard these patches § Apple Endpoints & severs to start with § Still, enterprises consider regular patching § Linux distro among the most effortful security tasks § “The moBile ecosystem’s diversity […] OS Chipset Phone Android contriButes to security update complexity and vendor vendor vendor phones inconsistency.” – FTC report, March 2018 [1] The nature of Telco § Das Logo HorizontalAndroid makes Patches are handed down a long chain of — Pos / Negpatching so typically four parties Before reaching the user much more § Only some devices get patched (2016: 17% [2]). difficult We focus our research on these “fully patched” phones Our research question –
    [Show full text]
  • Automating Patching of Vulnerable Open-Source Software Versions in Application Binaries
    Automating Patching of Vulnerable Open-Source Software Versions in Application Binaries Ruian Duan:, Ashish Bijlani:, Yang Ji:, Omar Alrawi:, Yiyuan Xiong˚, Moses Ike:, Brendan Saltaformaggio,: and Wenke Lee: fruian, ashish.bijlani, yang.ji, alrawi, [email protected], [email protected] [email protected], [email protected] : Georgia Institute of Technology, ˚ Peking University Abstract—Mobile application developers rely heavily on open- while ensuring backward compatibility, and test for unin- source software (OSS) to offload common functionalities such tended side-effects. For the Android platform, Google has as the implementation of protocols and media format playback. initiated the App Security Improvement Program (ASIP) [21] Over the past years, several vulnerabilities have been found in to notify developers of vulnerable third-party libraries in popular open-source libraries like OpenSSL and FFmpeg. Mobile use. Unfortunately, many developers, as OSSPolice [15] and applications that include such libraries inherit these flaws, which LibScout [4] show, do not update or patch their application, make them vulnerable. Fortunately, the open-source community is responsive and patches are made available within days. However, which leaves end-users exposed. Android developers mainly mobile application developers are often left unaware of these use Java and C/C++ [1] libraries. While Derr et al. [14] flaws. The App Security Improvement Program (ASIP) isa show that vulnerable Java libraries can be fixed by library- commendable effort by Google to notify application developers level update, their C/C++ counterparts, which contain many of these flaws, but recent work has shown that many developers more documented security bugs in the National Vulnerability do not act on this information.
    [Show full text]
  • Week 3 Reading Assignment: Understanding the Mirai Botnet
    Week 3 Reading Assignment: Understanding the Mirai Botnet Discussion Summary Questions Raised in the Paper: • How could an attacker mine the data available through Spectre attack? • Since the Spectre vulnerability is harder to exploit, it would be interesting to know if this attack has been successfully performed outside of a lab? • Is it possible that Spectre vulnerability is already being taken advantage of, and no one is aware? • What other security problems are embedded in our computers, that we don’t know of? • The released Meltdown and Spectre patches only address issues raised by researches. However, there is a higher probability that one can possibly devise another cache mechanism to trick CPU into reading memory map; as the mechanism is built into the physical memory space. What about those vulnerabilities? Main Take-Aways: About the Attacks: • Meltdown and Spectre vulnerabilities are among the best discoveries in computer science if not the most important • Both vulnerabilities take advantage of a process called speculative execution, where the processor can execute some code in advance and out of order and cache the output, expecting to use that output for the next step in the process. • Using Kernel Page Table Isolation (KPTI) technique, which stops speculation execution by removing mapping kernel into a program when running user space, is one of the current known mitigation techniques to prevent Meltdown. • Noticeable difference between Meltdown and Spectre is the fact that Spectre does not use privilege escalation, thus making the Spectre vulnerability more sophisticated. • “I do not personally consider this a CPU design flaw like Meltdown per se.
    [Show full text]
  • VULNERABLE by DESIGN: MITIGATING DESIGN FLAWS in HARDWARE and SOFTWARE Konoth, R.K
    VU Research Portal VULNERABLE BY DESIGN: MITIGATING DESIGN FLAWS IN HARDWARE AND SOFTWARE Konoth, R.K. 2020 document version Publisher's PDF, also known as Version of record Link to publication in VU Research Portal citation for published version (APA) Konoth, R. K. (2020). VULNERABLE BY DESIGN: MITIGATING DESIGN FLAWS IN HARDWARE AND SOFTWARE. General rights Copyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights. • Users may download and print one copy of any publication from the public portal for the purpose of private study or research. • You may not further distribute the material or use it for any profit-making activity or commercial gain • You may freely distribute the URL identifying the publication in the public portal ? Take down policy If you believe that this document breaches copyright please contact us providing details, and we will remove access to the work immediately and investigate your claim. E-mail address: [email protected] Download date: 07. Oct. 2021 VULNERABLE BY DESIGN: MITIGATING DESIGN FLAWS IN HARDWARE AND SOFTWARE PH.D. THESIS RADHESH KRISHNAN KONOTH VRIJE UNIVERSITEIT AMSTERDAM, 2020 Faculty of Science The research reported in this dissertation was conducted at the Faculty of Science — at the Department of Computer Science — of the Vrije Universiteit Amsterdam This work was supported by the MALPAY consortium, consisting of the Dutch national police, ING, ABN AMRO, Rabobank, Fox-IT, and TNO.
    [Show full text]