HPE has a look at the business of hacking
BY: 17 May 2016 at 10:57, John Leyden
Credit card fraud is in decline while ad fraud is poised for growth, according to a new study on the business of cybercrime out Tuesday.
Hewlett Packard Enterprise’s (HPE) study provides a detailed look into the inner workings of cybercriminal organisations, their business functions, motivations, and more. The IT giant posits that hacking groups have come to resemble legitimate technology enterprises, and attackers have become almost corporate in their behaviour.
“Their business looks a lot like ours. Cyber criminals look to maximise their profits and minimise risk,” HPE argues. “They have to compete on quality, customer service, price, reputation, and innovation. The suppliers specialise in their market offerings. They have software development life-cycles and are rapidly moving to Software as a Service (SaaS) offerings. Our businesses overlap in so many ways that we should start to look at these attackers as competitors.”
HPE’s report explores hacking as a business, diving into the different ways people make money through hacking, their motivations, value chain and organisational models.
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