Think twice before accepting that LinkedIn invitation. New evidance shows corporate espionage is alive and well.
In fact, it’s going social. According to German news site Der Spiegel, the Government Communications Headquarters (GCHQ), a British intelligence agency, has been creating fake LinkedIn profiles for IT employees at communications companies to gain access to their corporate networks.
Essentially, the GCHQ learns what it can about the target employees, creates a spoof LinkedIn profile about them and then injects the profile with malware. When the target employees open up the profile, the malware spreads and the GCHQ has its way into the company. The GCHQ has also targeted billing clearinghouses in an attempt to gather data.
This is an especially alarming report because if the British are using this technique… We know that organizations in unfriendly to the U.S. such as the middle east, Russia and China will also be leveraging the site to systematically targeting U.S. businesses. In 2015, the sophistication of cyber espionage has continued to develop.
Cyber criminals are becoming more creative in their approach… CryptoLocker, a new variant of ransomware, is on the rise according to a recent FBI report. This malware holds a businesses data for ransom for anywhere from a couple hundred to tens of thousands of dollars.
The threat of data being held hostage is a scary thought for most businesses, but how about if your companies data was sold on the black market? Cyber criminal only profit once from stealing your data whereas they can sell profit over and over by selling an businesses data and trade secrets on the black market.
Learn more about emerging cyber threats, data breaches and more on our Cyber Insurance Coverage hub.
Material posted on this website is for informational purposes only and does not constitute a legal opinion or medical advice. Contact your legal representative or medical professional for information specific to your legal or medical needs.