Page 26 - Security Today, November 2017

CYBER CRIME
CRIMINAL INTENT 7 ways criminals are making money from cyber crime
By Andrew Deen
As more of our lives move online, crime has unfortunately migrated to the internet at matching pace taking form in what’s now considered cybercrime. Cybercrime can take a vast number of forms, ranging from the illegal sale of goods and services
to masquerading as another person to steal money from fi- nancial institutions.
Data breach. One of the most common online threats is a data breach. Data breaches can take many forms, but at its core, a data breach occurs when a criminal illegally accesses important— and often confidential—information from a company’s database. These attacks are distressingly common as in 2014 there were 783 data breaches in the United States alone. Some data breaches in- volve the collection of customer’s credit card data, while others involve proprietary information specific to the company itself. Often these attacks lead to the criminals threatening to release the affected companies’ data unless they are paid off.
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