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
    Chris Brenton, 14 Nov 2008 @ 5:48am

    Thank you for blogging this. For about seven years now I've been following the trend of malware writers using non-signature Trojans in spear phishing attacks. Anti-virus software is completely ineffective against this business model. If you are not running HIPS and application control on your desktops, you are going to get whacked.

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