Tuesday, March 29, 2011

McAfee says corporate espionage is the target for cyber crime


Hackers using trade secrets as underground currency

Corporate espionage is a business almost as old as corporations, but thanks to the Internet revolution it has a new business model: cybercrime. A new report from McAfee illustrates how intellectual property and trade secrets are becoming the primary target for hackers, and providing the currency that fuels the cyber underground.

The recent attack against RSA, resulting in the compromise of sensitive data related to the SecurID two factor authentication that many corporations rely on to guard against unauthorised access and protect data, is an example of how even the very companies that we trust to help guard against corporate espionage are not invulnerable themselves. Hacked SecurID tokens could be used as a stepping stone to more serious corporate espionage.


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