Former CIA CTO Talks Meltdown and Spectre Cost, Federal Threats

Gus Hunt, former technology leader for the CIA, explains the potential long-term cost of Meltdown and Spectre.

Federal agencies and organizations dont fully understand the cost implications of
Meltdown and Spectre
, says Gus Hunt, former CTO of the CIA and current managing director for Accenture Federal Services. Resolving the issues may take more time and money than anticipated.
Addressing these flaws should be top of mind for agencies and businesses, because the breadth of impact will drive the complexity of fixing the problem, Hunt continues. If patches affect performance as much as experts report, long-term effects will be significant. This is especially true for the government, which he calls the largest buyer of IT and IT services.
From a budgetary perspective, if my performance impact is 30%, nobody has budgeted for the cost of additional hardware and capacity so [agencies] can provide services at a level people will expect, he explains.
The tech industry has been quick to produce solutions for Meltdown and Spectre, he says. This is especially true for cloud providers, which were most adversely affected. However, its still too early to gauge the true measurable impact of these flaws.
What worries me most is this gives an open window for the emergence of building and delivering effective exploits, he points out. Adversaries out there are working like mad to figure out how to take advantage of this.
On a broader level, Hunt speaks to the quickly evolving sophistication of todays attackers and the growing threat to federal organizations. Attackers adopt and reuse things with remarkable speed, he says. The moment anything is released in the wild, their knowledge is elevated. He points to the consistent, and increasingly effective, use of ransomware as an example.
The goal for the federal government space, fundamentally its data and control, Hunt says of modern cybercriminals. Those are the two big things attackers want.
The greatest threat to todays government is nation-state actors intent on gaining an advantage through stealing data and information, and hiding inside systems so they can eventually leverage their power and take control of systems. For attackers targeting federal victims, the promise of system control is far more appealing than citizens data, he points out.
Nation-states and advanced criminals have become vertically specialized, Hunt says. If they want to spear-phish someone in the government, theyll spend a lot of time and money figuring out exactly who to target and how to collect information on them to launch a successful attack.
Shifting cybersecurity strategies
Hunt explains what he calls the Cyber Moonshot, a strategic
concept
comparing cybersecurity with the once seemingly-impossible goal of landing on the moon. The idea argues achieving security will take many of the same leadership and organizational steps: leadership, a specific call to action, and a sustained investment.
If you really look at it, our approach to solving cybersecurity has really been a piecemeal, patchwork-quilt approach of slapping something in place, he explains. We havent really taken a strategic, coherent focus to drive it across the board.
Prior to landing on the moon, humans had the tech they needed but hadnt put it all together to solve the problem. Hunt says todays security industry is similar. We get how things happen, we get what goes on, and we have a variety of solutions in place … but we havent acted together to apply them in a way that changes the game, he says.
However, there is a key difference between the two: the moon landing was a finite goal. Cybersecurity threats, practices, and technology, on the other hand, are constantly evolving.
Absolute security is absolutely impossible, Hunt admits. Theres always going to be a vulnerability someplace; Meltdown and Spectre are classic examples of that.
Related Content:
Dutch Intel Agency Reportedly Helped US Attribute DNC Hack to Russia
Endpoint and Mobile Top Security Spending at 57% of Businesses
Ransomware Detections Up 90% for Businesses in 2017
Intel CEO: New Products that Tackle Meltdown, Spectre Threats Coming this Year

Last News
▸ Making use of a homemade Android army ◂ Discovered: 23/12/2024 Category: security	▸ CryptoWall is more widespread but less lucrative than CryptoLocker. ◂ Discovered: 23/12/2024 Category: security	▸ Feds probe cyber breaches at JPMorgan, other banks. ◂ Discovered: 23/12/2024 Category: security

**Cyber Security Categories**
Google Dorks Database	Exploits Vulnerability	Exploit Shellcodes

CVE List

Tools/Apps

News/Aarticles

Phishing Database

Deepfake Detection

Trends/Statistics & Live Infos

Tags:
Former CIA CTO Talks Meltdown and Spectre Cost, Federal Threats