Bigger 'destruction of service' cyber attacks to harm businesses: Says Cisco

Detecting the fast progress of threats and the increasing scale of cyber attacks, the networking and security giant Cisco recently predicted a possible "destruction of service" (DeOS) attacks.

As per the Cisco's 2017 'Midyear Cybersecurity Report, the attacks might get rid of organisations' backups and safety nets, necessary to reinstate systems and data after an attack.

"Also, with the advent of the Internet of Things (IoT), key industries are bringing more operations online, increasing attack surfaces and the potential scale and impact of these threats," the report said.

Currently IoT botnet activity recommended that some attackers might be laying the foundation for a wide-reaching, high-impact cyber-threat event that could potentially disturb the internet itself.

"As recent incidents like WannaCry and Nyetya illustrate, our adversaries are becoming more and more creative in how they architect their attacks," Steve Martino, Vice President and Chief Information Security Officer at Cisco, said in a statement.

"While the majority of organisations took steps to improve security following a breach, businesses across industries are in a constant race against the attackers. Security effectiveness starts with closing the obvious gaps and making security a business priority," Martino added.

The company also followed that the development in reducing "time to detection" (TTD) - the window of time flanked by a cooperation and the discovery of a threat. It said that faster time to finding is critical to restrain attackers' operational space and reduce damage from intrusions.

"To effectively reduce TTD and limit the impact of an attack, the industry must move to a more integrated, architectural approach that increases visibility and manageability, empowering security teams to close gaps," David Ulevitch, Senior Vice President and General Manager, Security Business Group at Cisco noted.