Why are there so many data breaches? A growing industry of criminals is brokering in stolen data

Sat, 12 Nov 2022 03:47:11 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://theconversation.com/why-are-there-so-many-data-breaches-a-growing-industry-of-criminals-is-brokering-in-stolen-data-193015>

"New details have emerged on the severity of the Medibank hack, which has now
affected all users. Optus, Medibank, Woolworths, and, last Friday, electricity
provider Energy Australia are all now among the household names that have
fallen victim to a data breach.

If it seems like barely a week goes by without news of another incident like
this, you would be right. Cybercrime is on the rise – seven major Australian
businesses were affected by data breaches in the past month alone.

But why now? And who is responsible for this latest wave of cyber attacks?

In large part, the increasing number of data breaches is being driven by the
growth of a global illicit industry that trades in your data. In particular,
hackers known as “initial access brokers” specialise in illegally gaining
access to victim networks and then selling this access to other cyber
criminals."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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