New and subtle business models are emerging for cybercriminals, boosting their sales of stolen data and offering new ways to inflict damage on target organisations. Hackers are commercialising stolen data by selling it back to legitimate businesses, one security expert has warned.
Islamic State militants are planning the creation of a ‘cyber caliphate’ protected by their own encryption software – from behind which they will launch massive hacking attacks on the U.S. and the West.
Four men have been charged with breaking into the computer systems of Microsoft, the US army and leading games manufacturers, as part of an alleged international hacking ring that netted more than $100m in intellectual property, the US Department of Justice said on Tuesday.