Cybercrime organizations work just like any other business: Here's what they do each day

  • 📰 CNBC
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Researchers from IBM and Google described how cybercriminal groups operate, and often mimic the behavior of companies, including the one you might work for.

described how cybercriminal groups operate, and often mimic the behavior of companies, including the one you might work for.

Understanding how malicious hackers are able to structure their business operations is important, he said, so companies can better grasp what they're fighting, as the underground economy often functions in parallel with the broader economy.Cybercriminal organizations aren't all the same, but a typical structure looks like this: a leader, like a CEO, oversees the broader goals of the organization.

IBM provided a graphic representation of how one real, 120-day targeted hacking campaign against a Fortune 500 company looks from the point of view of the criminal group executing it. Gaps across the timeline represent periods where the hackers stopped doing some of their activities so they wouldn't trip sensors the company used to detect criminal activity.

"It created kind of a different dynamic. You didn't need money mules, you didn't anger the banks, folks [who were targeted] didn't know who to turn to, so that came into vogue," he said. Some criminal groups offer DDoS-for-hire services, and these services rely on each group having compromised tens or hundreds of thousands of computers. These hacked computers work together as a "botnet" to launch the DDoS attack.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Explainer: Probes spawned by Mueller target Trump business, othersNumerous investigations spun out of U.S. Special Counsel Robert Mueller's probe are still alive and kicking, presenting potential ongoing legal and political risk for President Donald Trump, some of his former advisers and others. The following are some of the topics likely being examined in spun-off Yup... those investigation 'skeletons' left in the Mueller probe are like the skeleton's in that old Sinbad movie. They have swords! 😅 Tell us Mr. Mueller, how long were you into the investigation before you realized you were on a”fools errand”? How come you didn’t end it and save the taxpayer some money?
Source: YahooNews - 🏆 380. / 59 Read more »

This company can help you get paid two days early, here's howChris Britt, Chime CEO and co-founder, joins 'The Exchange' to discuss if it's time to more away from Friday payday to a day earlier in the week. Chime I'd rather get a living wage for working myself into bad health fur the benefit of a trust fund baby riding a surf board. Chime American Express Bluebird often delivers my check a full week early. I have no idea how they’re able to manipulate the ACH system to allow that, but it’s awesome! Chime Nope.
Source: CNBC - 🏆 12. / 72 Read more »