Hackers increasingly targeting business secrets: study

Hackers clinch deals to steal trade secrets, marketing plans, R& D reports and source code

PTI | March 29, 2011



In the age of smart phones and laptops, intellectual property and business secrets are fast becoming a target for cyber thieves who are specialising in this area, a new study has warned.

Some hackers are starting to specialise in data stolen from corporate networks, according to research compiled by security firm McAfee.

McAfee said deals were being done for trade secrets, marketing plans, R&D reports and source code.

It urged companies to know who looks after their data as it moves into the cloud or third-party hosting centres.

"Cyber criminals are targeting this information based on what their clients are asking for," BBC quoted Raj Samani, chief technology officer in Europe for McAfee as saying.

He said some business data had always been scooped up when net thieves compromised PCs using viruses and trojans in a search for logins or credit card details.

The difference now was that there exists a ready market for the data they are finding.

In some cases, said Samani, thieves were running campaigns to get at particular companies or certain types of information.

The McAfee report mentioned cases in Germany, Brazil and Italy in which trade secrets were either stolen by an insider or cyber thieves tried to get hold of via a concerted attack.

In some cases, said the McAfee report, companies made the job of the criminals easier because they did little to censor useful information about a corporate's culture or structure revealed in e-mails and other messages.

Such information could prove key for thieves mounting a "social engineering" in which they pose as employees to penetrate networks.

The report detailed efforts by firms to watch casual and contract employees and the use of behavioural analysis software to spot anomalous activity on a corporate network.

Thefts of intellectual property or key documents could be hard to detect, Samani said.

"You may not even know it's stolen because they just take a copy of it," he said.

Defending against these threats was getting harder, he said, because key workers with access to the most valuable information were out and about using mobile devices far from the defences surrounding a corporate HQ.

"Smartphones and laptops have crossed the perimeter," Samani said.

The warning comes in the wake of a series of incidents which reveal how cyber criminals are branching out from their traditional territory of spam and viruses.

The BBC report noted that 2010 saw the arrival of the Stuxnet virus which targeted industrial plant equipment and 2011 has been marked by targeted attacks on petrochemical firms, the London Stock Exchange, the European Commission and many others.

Samani said that, as firms start to use cloud-based services to make data easier to get at, they had to work hard to ensure they know who can see that key corporate information.

Otherwise, he warned, in the event of a breach, companies could find themselves losing the trust of customers or attracting the attention of regulators.

"You can transfer the work but you cannot transfer the liability," Samani noted.
 

Comments

 

Other News

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

1,364 anti-cancer formulations to cost less from today

The National Pharmaceutical Pricing Authority (NPPA), under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on the Maximum Retail Price (MRP) of 137 anti-cancer drugs. This was based on the recommendations of an Expert Committee constitute

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

A new retelling of the Mahabharata delves into key moments

In a time when every decision carries consequences and questions of ambition, power, loyalty, identity and moral choice continue to shape our lives, Dr. Arun Krishnan’s new book, ‘Mahakshana’ (Penguin India) offers a strikingly relevant retelling of the Mahabharata.  

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter