News, posts and events

Cybersecurity Myths: a Big Incident Will Trigger Positive Change

Written by Arctic Security | December 05, 2023

This month, we'll be taking a look at common cybersecurity myths. The first one is a common misconception that a significant, catastrophic failure would catalyze global change. This belief, often compared to a 'Black Swan' event, is rooted in the idea that a singular, massive incident would reshape cybersecurity practices and policies worldwide. However, history and ongoing cyber threats suggest otherwise.

Misplaced Expectations from Major Cyber Incidents

The concept of a Black Swan event — a rare, unforeseen incident with significant consequences — is often cited in cybersecurity discussions. For example, the WannaCry ransomware attack in 2017, impacting over 300,000 computers globally, could have been seen as such an event. Despite its widespread damage and potential indirect fatalities, especially in healthcare, it failed to provoke the anticipated global response in cybersecurity reform.

The Paradox of Persistent Vulnerabilities and Ransomware

Post-WannaCry, we continue to witness healthcare systems and various organizations succumb to ransomware attacks. The lack of effective global government mandates or a unified approach to combat the ransomware menace underlines a critical flaw in the Black Swan theory. This persistent vulnerability in the face of escalating cyber threats challenges the assumption that a single catastrophic event would drive significant change. There have been plenty of catastrophic vulnerability-related events already.

Comparatively, despite numerous high-profile ransomware attacks, there hasn't been a similar legislative or global response in the world of cybersecurity. The expectation that a single, disastrous event will radically alter the cybersecurity landscape is a myth that needs reassessment. Instead, the reality points to a more gradual, albeit necessary, evolution in cybersecurity policies and practices.

Conclusion

The belief that a Black Swan event is a turning point in cybersecurity is a myth that overlooks the complexity of global cyber threats and the varied responses they elicit. Significant changes in cybersecurity, like in environmental policy, may require more than just catastrophic incidents. They need sustained awareness, continuous improvement in defenses, and a collective commitment to addressing the ever-evolving cyber threats. As the cybersecurity landscape changes, so must our strategies and expectations.