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Cyber Crimes are Likely to Increase in the Future

November 17, 2014 | By Editor 

Summary

The Web has become a vital part of national life and global economic that governments, businesses, and individuals are prime targets for more threatening and frequent cyber attacks.

A Timeline of Data Breaches in Recent Times

  • In 2009-2010, suspicions arose on the governments of Israel and United States about an advanced government-created system malware called Stuxnet.
  • The worm was believed to have been designed to cripple Iranian nuclear plant centrifuges used for making nuclear warheads (weapons-grade enriched uranium).
  • The U.S. Department of Defense created a cyber command structure to build Web-enabled offensive and defensive cyber strategies as a key part of war planning and making.
  • In May 2014, the U.S. government apprehended five Chinese military officials for system hacking, espionage, and other crimes aimed at six American victims. The targets included metals and solar power products and nuclear power plants.
  • The indictment took place in Western Pennsylvania and is the result of revelations that Chinese military have infiltrated into systems at major U.S. media companies and firms. The attempt was made to learn trade secrets and other stories U.S. journalists were working on.
  • In October 2014, Russian hackers were found to be exploiting a vulnerability in MS Windows to snoop on the government of Ukraine, NATO, and other Western companies.
  • A report released in September 2014 revealed that 43 percent of companies in United States had been victims to a data breach in 2013, especially retail businesses.
  • In February and March 2014, users of eBay were affected by a data breach that compromised 145 million member records.
  • Retail giants Home Depot and Target also fell victims to cyber attacks.
  • The former was hacked of 56 million customer credit/debit card accounts and 53 million customer mail address, while the latter was compromised of 70 million user records.
  • Other retail giants to have been hacked include Kmart, Neiman Marcus, Michaels Stores, Texas wine retailer Spec’s among other.
  • Financial institutions have also grown in size in virulence in 2013.
  • One of the most shocking data breaches was found in July 2014 at JP Morgan Chase & Co.,which saw 76 million households and 7 million small firms hacked.
  • In fact, Barack Obama’s administration wondered if the data breach was in retaliation by Vladimir Putin’s government over the events in Ukraine.
  • The other types of hacks of individual users to have take place in recent times are:
    1. stolen usernames and passwords,
    2. national ID numbers,
    3. credit/debit card information,
    4. deleted online identities,
    5. cyber espionage tools, and
    6. spying on online communications.
  • Recently, Apple’s iCloud was targeted by man-in-the-middle (MiTM) attacks in China aimed at stealing users’ encrypted passwords and prying on their account activities.
  • According to security experts and activists, the Chinese government deployed the attack, perhaps, to thwart the sales of iPhone 6. While others opined that the attack was not advanced enough to have been instigated by the government.
  • As per the report of October 2014, the threat of cyber attacks on businesses, NGOs, governments, and individuals has become so worrisome.

Conclusion

Thousands of security experts and IT developers have warned that with the surge in Internet revolution comes in the increase of cyber crimes and about using HTTPS online.Policy makers, researchers, tech builders, marketers, and analysts have opined that in another 10 years cyber attacks could result in widespread harm to country’s security and defense capacity.

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