Country for PR: United Kingdom
Contributor: PR Newswire Europe
Friday, October 13 2017 - 03:15
Banks, Cryptocurrency Exchanges and Critical Infrastructure are Forecast to be the Most Likely Targets for Hacking in the Near Future - According to Group-IB Hi-Tech Crime Trends Report
MOSCOW, Oct. 13, 2017 /PRNewswire-AsiaNet/--

1. In the next year, the main point of losses for banks from cyber-attacks will 
be not theft of money, but destruction of their IT infrastructure during the 
final stages of a targeted hacking attack. Banks used to only be attacked by 
cybercriminals. Today, state-linked hackers are doing this far more frequently. 
By destroying IT infrastructure, cybercriminals will attempt to cover their 
tracks during thefts, while the aim of state-sponsored hackers will be to 
maximize the damage to banks and discontinue banking operations. In both cases, 
the damage done to banks may be even greater than the amount of funds stolen 
due to service interruptions and resulting reputational and regulatory impact.


2. Hackers will now successfully attack more industrial facilities as they have 
learnt how to work with the "logic" of critical infrastructure. These 
facilities use complex and unique IT systems: even if one gains access to them, 
specific knowledge about the principles of their operation is needed to conduct 
attacks. Over the past year, we have observed that hackers' competence has 
increased along with their capacities to impact critical infrastructure. 
Therefore, we now forecast new large-scale incidents targeting industrials and 
related core infrastructure.

3. Hackers are switching their focus from banks to the crypto industry (ICO, 
wallets, exchanges, funds), which have been accumulating increasingly large 
capitalisations and funds. In technical terms, the attacks against service 
providers in this sector are no more difficult than against banks, however the 
information security in place and maturity of blockchain companies is 
significantly lower. A further motivation for criminal attackers is that 
blockchain technologies are more anonymous and unregulated - this considerably 
reduces the risk of being caught during money withdrawal.

Full report is available through the link:


Group-IB helps major corporations recognize and react to online threats 
originating in Russia, Eastern Europe, and other major centers for targeted 
cyberattacks. Group-IB Threat Intelligence empowers organizations to build more 
effective defenses against sophisticated cyberattacks. Group-IB is official 
partner of EUROPOL and INTERPOL. Gartner, Forrester, IDC, the Organization for 
Security and Co-operation in Europe (OSCE), and many others recognize 
Group-IB's unique leadership in protecting against online fraud, financial 
loss, and reputation risk.

Source: Group-IB