It’s Expected That Cybercrime Will Cost Approximately $6 Trillion Annually By 2021 – Up from $3 Trillion in 2015. This Makes Cybercrime Even More Profitable Than the Global Trade of ALL Illegal Drugs Combined. So How Can You Stay Safe Against This Increasing Threat? Effective Cyber Security Services in Austin by ICS Professionals Will Be the Right Move for Your Business.
First and foremost, let’s review exactly what cybercrime is and how it works. Many people are aware of hackers who are looking to steal financial information, but cybercrime is more complex than this. Sure, hackers stealing financial information falls into the realm of cybercrime, but it’s evolved at an incredibly rapid rate with new threats surfacing almost every single day. By definition, cybercrime is any crime that takes place via the internet or primarily via the internet.
Typically, a cybercriminal attacks the devices or network to:
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Cybercriminals perform a range of attacks to accomplish their objectives, including but not limited to:
Malware such as worms, spyware, viruses, and other programs that contain malicious code. Once the malware is activated, they can begin to gather information or take control of your system. This can include:
Ransomware wherein the attacker manages to get into your system, encrypt all of your files and/or programs, and demand a ransom in exchange for the decryption key.
Although this is not an exhaustive list, the threats listed above tend to be the most commonly used. It’s also important to keep in mind that there are various “threat vectors” that act as a means for hackers to gain access to your systems.
Some of the most popular attack vendors include:
There are many reasons why a cybercriminal chooses to perform an attack, but in many cases, the motivation is financial. Whether they’re stealing product development research to sell to a competitor or they’re encrypting your files to demand a ransom, they’re often looking to make a profit.
In some cases, cybercriminals may perform an attack for political reasons – aiming to expose an establishment, such as governments, financial institutions, or another entity they believe is corrupt.
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