BY JOSEPH MARKSSENIOR
A cadre of shadowy criminal hackers seizes control of an energy plant. They give themselves administrator privileges and lock the genuine administrators out along with everyone else. Then, they threaten to trigger a major leak or explosion if the plant owners don’t pay up: $50 million in bitcoin.
The story sounds like a fantastical Hollywood plot. It’s basically a digital-age riff on the 1965 James Bond Film “Thunderball” and the 1997 spoof “Austin Powers: International Man of Mystery.”
Yet, following a surge in ransomware attacks—in which hackers seize and lock an organization’s data and networks and only unlock them for a hefty fee—cyber watchers are beginning to fear this plot could become reality.
“What ransomware does is it creates a business model [in which] anybody who has money can potentially be extorted to pay,” McAfee Chief Technology Officer Steve Grobman told reporters during a roundtable discussion Thursday at McAfee’s Security Through Innovation Summit.
“There’s no reason not to think that criminals will see government assets like critical infrastructure as a target they can hold for ransom,” Grobman added.
If hackers were able to seize the controls of a critical infrastructure asset such as a dam or airport where they could cause major property destruction and loss of life, the ransom demand could be huge, Grobman said, and there’s a good chance the asset owner or the government would have to pay up.




