Kaspersky Lab Names This Year's Top Security Threats

Forbes, By Ken Rapoza

Russian cyber security company Kaspersky Lab listed their take on the year’s top security stories on Monday. And two quick takeaways: the cloud is dead, encryption services will come back strong.

 No surprise, the IT firm led by the charismatic Eugene Kaspersky put cyber espionage on the top of their list.  This year saw a steady flow of blockbuster news about U.S. spy agencies eavesdropping on their political buddies from Brazil to Germany. Even secure governments have lost their privacy.

 Last October, Kaspersky Lab’s Global Research & Analysis Team TISI -4.45% investigated a series of attacks against computer networks of various international diplomatic service agencies.  A large scale cyber-espionage network was revealed and analyzed during the investigation: they called it Operation Red October, named after the Tom Clancy novel about a Soviet submarine captain titled “The Hunt For The Red October." Read more.