21st Century Cybercrime – The Evolution Of Protecting Your Data

“21st Century Cybercrime – The Evolution of Protecting Your Data”

cloud-security-infographic

The relentless development of technology has facilitated an increase in cybercrime, affecting individuals and businesses in different ways and to differing degrees. Since the advent of the internet the protection of data has been of paramount importance, however, the development of various technologies has made the protection of data more and more difficult to ensure. In the UK alone, cybercrime was found to cost organisations on average £2.1million per year with an average of 41 cyber-attacks per week.

Back when the internet age was still young, cybercrime was hacker led, largely committed by individuals hoping to prove the existence of glitches in operating system. An example of such was Moonlight Maze when hackers targeted military information held by the Pentagon. Proving the glitch was an end in itself.

As technology has advanced, however, cybercrime has become the domain of organised gangs seeking financial gain from their crimes. The cybercrime network is today a legitimate and sophisticated business with technical innovators at the top.

Information Theft

Information theft is increasingly common, with gangs infiltrating computer systems in order to extract the personal data of users. One headline grabbing infiltration occurred in 2011 when marketing giant Epsilon had their email lists hacked; those lists comprised customers of large firms such as Citibank and JP Morgan. The criminals used these email addresses for phishing.

The development of third party cloud storage technology has assisted cyber criminals as large batches of data are now so often stored within one cloud. It is essential that companies separate out their data across multiple storage options. Experts have indeed highlighted that cloud data is especially prone to crime due to a lack of security measures. For personal cloud storage it is essential to protect your data by using two-step verification if it is available.

Smart Phones

The continued technological advancement of smart phones also poses an opportunity for cyber criminals. Criminals employ those techniques used on PCs alongside new smart phone specific approaches. In particular, social networking apps which hold a wealth of personal information which are often exploited by cyber criminals. The best protection against this both on smart phones and computers is to remove all personal details from your account and lock down your security settings. Worryingly, anyone can develop and retail an app, even criminals. Some users may ‘root’ or ‘jailbreak’ their smart phones. This is the ability to tamper with a phone’s operating system.

A recent study found that the industry most susceptible to cybercrime is the travel industry. This is largely down to a change in consumer behaviour, with more and more people booking their travel online. Social attitudes today mean that people are far more willing to input bank details online and do not recognise that their details are data easily accessible by criminals. There are simple ways in which consumers can protect themselves such as researching the holiday company to ensure it is reputable and pay for holidays using a credit card.

By Akash Valand

About CloudTweaks

Established in 2009, CloudTweaks is recognized as one of the leading authorities in connected technology information and services.

We embrace and instill thought leadership insights, relevant and timely news related stories, unbiased benchmark reporting as well as offer green/cleantech learning and consultive services around the world.

Our vision is to create awareness and to help find innovative ways to connect our planet in a positive eco-friendly manner.

In the meantime, you may connect with CloudTweaks by following and sharing our resources.

View All Articles

Sorry, comments are closed for this post.

Comics
The Key To Improving Business Lies In Eye-Interaction Tech

The Key To Improving Business Lies In Eye-Interaction Tech

Eye-Interaction Technology Analysts at Goldman Sachs predict virtual reality revenue will surpass TV within the next decade. More than just some gaming fad, VR represents a whole new way for organizations to train, research, and explore vast amounts of data. Despite its popularity, however, VR is still not in the hands of the majority, and…

3 Keys To Keeping Your Online Data Accessible

3 Keys To Keeping Your Online Data Accessible

Online Data Data storage is often a real headache for businesses. Additionally, the shift to the cloud in response to storage challenges has caused security teams to struggle to reorient, leaving 49 percent of organizations doubting their experts’ ability to adapt. Even so, decision makers should not put off moving from old legacy systems to…

How The CFAA Ruling Affects Individuals And Password-Sharing

How The CFAA Ruling Affects Individuals And Password-Sharing

Individuals and Password-Sharing With the 1980s came the explosion of computing. In 1980, the Commodore ushered in the advent of home computing. Time magazine declared 1982 was “The Year of the Computer.” By 1983, there were an estimated 10 million personal computers in the United States alone. As soon as computers became popular, the federal government…

Having Your Cybersecurity And Eating It Too

Having Your Cybersecurity And Eating It Too

The Catch 22 The very same year Marc Andreessen famously said that software was eating the world, the Chief Information Officer of the United States was announcing a major Cloud First goal. That was 2011. Five years later, as both the private and public sectors continue to adopt cloud-based software services, we’re interested in this…

Connecting With Customers In The Cloud

Connecting With Customers In The Cloud

Customers in the Cloud Global enterprises in every industry are increasingly turning to cloud-based innovators like Salesforce, ServiceNow, WorkDay and Aria, to handle critical systems like billing, IT services, HCM and CRM. One need look no further than Salesforce’s and Amazon’s most recent earnings report, to see this indeed is not a passing fad, but…

The Security Gap: What Is Your Core Strength?

The Security Gap: What Is Your Core Strength?

The Security Gap You’re out of your mind if you think blocking access to file sharing services is filling a security gap. You’re out of your mind if you think making people jump through hoops like Citrix and VPNs to get at content is secure. You’re out of your mind if you think putting your…

Technology Influencer in Chief: 5 Steps to Success for Today’s CMOs

Technology Influencer in Chief: 5 Steps to Success for Today’s CMOs

Success for Today’s CMOs Being a CMO is an exhilarating experience – it’s a lot like running a triathlon and then following it with a base jump. Not only do you play an active role in building a company and brand, but the decisions you make have direct impact on the company’s business outcomes for…

Three Tips To Simplify Governance, Risk and Compliance

Three Tips To Simplify Governance, Risk and Compliance

Governance, Risk and Compliance Businesses are under pressure to deliver against a backdrop of evolving regulations and security threats. In the face of such challenges they strive to perform better, be leaner, cut costs and be more efficient. Effective governance, risk and compliance (GRC) can help preserve the business’ corporate integrity and protect the brand,…

Two 2017 Trends From A Galaxy Far, Far Away

Two 2017 Trends From A Galaxy Far, Far Away

Reaching For The Stars People who know me know that I’m a huge Star Wars fan. I recently had the opportunity to see Rogue One: A Star Wars Story. While I won’t give any spoilers away for the few who haven’t seen the movie yet, I do want to mention a couple of trends from…