Half Billion Records Breached in 5 Years

In the late 90s and early 2000s, hacking had evolved from “phreaking” (hacking phone systems) to “cracking” (breaking into networks). At the time, hackers hacked for fun, for the challenge, and for fame and popularity within the hacking community. But soon enough, the public began spending more time online, shopping, banking, and managing personal affairs. Hackers are no longer wreaking havoc for its own sake, deleting files, or tormenting IT administrators. Now, they’re stealing proprietary data. Instead of fun and fame, today’s hackers are motivated by illegal financial gain.

Over the past five years, criminal hackers from all over the world have been targeting huge databases of Social Security and credit card numbers. The endgame for criminal hackers is identity theft. Once they obtain stolen data, their objective is to turn it into cash as quickly as possible. This either entails selling the data to identity thieves on black market…

Read the full article at mcafee.com



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