People are often the collateral damage of attacks on corporations

2021-02-11 05:00

A report from F-Secure highlights the rarely-discussed impact these attacks can have on people and families using online services.

"Personal information stolen from organizations can easily end up being used against people and families through different types of identity theft, fraud, or other types of harm. And with more and more information being stored digitally, what criminals can do with people's information keeps getting worse. So these attacks on companies can really end up hurting people and not just a business' bottom line," explained Laura Kankaala, a security consultant with F-Secure.

Certain losses due to cybercrime were more common among The Walking Breached than other respondents: loss of money, personal information, and loss of control over personal information or accounts.

These industries fuel the risks of fraud and other crimes for people whose information has been stolen.

In a new trend, attackers who use encryption to hold organizations' data for ransom are now stealing that information and threatening to leak it, demonstrating the lengths criminals will go to profit from people's data.

According to Kankaala, people rarely think about how valuable the information stored in online accounts really is until that information is gone or exposed.

News URL

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