A-Z Glossary of Information Security and Social Engineering Terms

Cyber-Espionage

Cyber-Espionage

Espionage geared towards financial, commercial and technological goals. Organisations can spend millions of Euros on research and development for new products and services only to have that intellectual property stolen. Likewise, valuable customer databases that have taken years to build up can be stolen in the space of an afternoon. According to a 2015 Standard and Poor / Ocean Tomo survey, 84% of the value of a firm is directly related to its intellectual property. Cyber-criminals now offer marketplaces in the “dark web” where this information can be bought along with “rent-a-hacker” type services that will hack your competitor of choice. Phishing attacks have been the starting point for many corporate espionage attacks, such as those on Coca-Cola and Telenor.

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