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.
The Obama administration is establishing a new agency to combat the deepening threat from cyberattacks, and its mission will be to fuse intelligence from around the government when a crisis occurs.
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.