By David Edborg
The nature of cyber-attacks is evolving. Traditional cyber-crime centered on the theft of information and attacks to shut down an organization’s Internet presence. Emerging threats include cyber destruction and cyber extortion or blackmail.
The data that runs our businesses has a lot of value to criminals, particularly data about our customers. A recent study published by Dell SecureWorks pegged the value of banking credentials at 1% to 5% of the account balance, $90 for 300,000 airline points, $30 for an America Express Card, and $500 for credentials to a corporate email account. And cyber extortionists are demanding $600 to $1800 for encryption keys to unlock data held for ransom.
There are basically two primary motivations behind these crimes: criminals that steal information for profit, and hacktivists who seek to shutdown Internet sites or destroy data for ideological reasons.