Online Criminals Move On To Corporate Espionage

from the plain-old-phishing-doesn't-pay dept

One of these days, someone will do a fascinating study or book on the evolving nature of online crime. It's a constantly changing phenomenon that would be quite interesting to study. A few years ago, we noted that the ease with which script kiddies could jump into the phishing and online extortion market meant that margins were getting squeezed for older online organized crime groups who had focused on such practices in the past. Apparently, the big money now has moved away from standard phishing and into corporate espionage. Organized crime groups are figuring out ways to hack into company networks, suck up as much data as possible, and then sell it off to the highest bidder -- whether it's competing firms or foreign governments.
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Filed Under: corporate espionage, cybercrime, espionage, organized crime, phishing


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  1. identicon
    louise, 14 Nov 2008 @ 1:54am

    technology grows, cybercrime grows

    It seems the more I read about growing online or technological trends, the more I see about cybercrime trends. We're all concerned about phishing - and it's almost become second nature to some people to avoid spam-like emails but now how do you spread the word about Spear-Phishing and Vishing and all the other new attacks that lurk about?

    The only thing we can do is diffuse the importance of being vigilant. I work for Passpack, which is an online password manager - we try to make it so that 'the highest bidder' has nothing to bid on anymore.

    Here is a quick post on how privacy is evolving:
    http://tinyurl.com/43m5s7

    Louise

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