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.

The Cancer Moonshot: Collaboration Is Key

The Cancer Moonshot: Collaboration Is Key

Cancer Moonshot In his final State of the Union address in January 2016, President Obama announced a new American “moonshot” effort: finding a cure for cancer. The term “moonshot” comes from one of America’s greatest achievements, the moon landing. If the scientific community can achieve that kind of feat, then surely it can rally around…

Maintaining Network Performance And Security In Hybrid Cloud Environments

Maintaining Network Performance And Security In Hybrid Cloud Environments

Hybrid Cloud Environments After several years of steady cloud adoption in the enterprise, an interesting trend has emerged: More companies are retaining their existing, on-premise IT infrastructures while also embracing the latest cloud technologies. In fact, IDC predicts markets for such hybrid cloud environments will grow from the over $25 billion global market we saw…

Cloud Services Providers – Learning To Keep The Lights On

Cloud Services Providers – Learning To Keep The Lights On

The True Meaning of Availability What is real availability? In our line of work, cloud service providers approach availability from the inside out. And in many cases, some never make it past their own front door given how challenging it is to keep the lights on at home let alone factors that are out of…

Why Security Practitioners Need To Apply The 80-20 Rules To Data Security

Why Security Practitioners Need To Apply The 80-20 Rules To Data Security

The 80-20 Rule For Security Practitioners  Everyday we learn about yet another egregious data security breach, exposure of customer data or misuse of data. It begs the question why in this 21st century, as a security industry we cannot seem to secure our most valuable data assets when technology has surpassed our expectations in other regards.…

How To Humanize Your Data (And Why You Need To)

How To Humanize Your Data (And Why You Need To)

How To Humanize Your Data The modern enterprise is digital. It relies on accurate and timely data to support the information and process needs of its workforce and its customers. However, data suffers from a likability crisis. It’s as essential to us as oxygen, but because we don’t see it, we take it for granted.…

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…

Cloud Security Risks: The Top 8 According To ENISA

Cloud Security Risks: The Top 8 According To ENISA

Cloud Security Risks Does cloud security risks ever bother you? It would be weird if it didn’t. Cloud computing has a lot of benefits, but also a lot of risks if done in the wrong way. So what are the most important risks? The European Network Information Security Agency did extensive research on that, and…

Digital Twin And The End Of The Dreaded Product Recall

Digital Twin And The End Of The Dreaded Product Recall

The Digital Twin  How smart factories and connected assets in the emerging Industrial IoT era along with the automation of machine learning and advancement of artificial intelligence can dramatically change the manufacturing process and put an end to the dreaded product recalls in the future. In recent news, Samsung Electronics Co. has initiated a global…

Choosing IaaS or a Cloud-Enabled Managed Hosting Provider?

Choosing IaaS or a Cloud-Enabled Managed Hosting Provider?

There is a Difference – So Stop Comparing We are all familiar with the old saying “That’s like comparing apples to oranges” and though we learned this lesson during our early years we somehow seem to discount this idiom when discussing the Cloud. Specifically, IT buyers often feel justified when comparing the cost of a…