Hackers find new Cybercrime Currency

If 90s hacker movies taught us anything it’s that hackers are benevolent human beings looking not to corporate espionage but solely for freedom of information. But — the 90s are over.

According to a new study (PDF) by security firm McAfee, hackers have resurfaced and are hacking into corporate networks to steal corporate information –private information that has been called the new Cybercrime currency. The “Underground Economies” report from McAfee stated that in 2010 attacks were focused mainly on industrial espionage and came primarily from the Stuxnet virus. The large majority of the 2011 attacks however, dubbed the Night Dragon attacks (which began in 2009), were focused on major oil companies. These multi-pronged attacks are well coordinated and aimed at stealing sensitive corporate information.

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