Fighting the new face of cybercrime

Cybercrime has become more sophisticated, but there are ways to harden up your company's defences, as Symantec's Brad Newton explains.

Businesses are being confronted by a new breed of profit-hungry cyber criminals, focused on accessing confidential data and intellectual property for financial gain. Cybercrime is no longer an issue of showmanship, perpetrated by hackers keen to disrupt IT systems. It has become a serious business and today's cybercriminals have become exceedingly efficient in their plans to access and exploit business critical information.

More feared than terrorism
The recent Hydraq attacks highlight the targeted nature of today's threats, designed specifically to steal confidential information.  According to a recent report into worldwide cybercrime trends, 60 percent of identities exposed in 2009 were compromised by hacking attacks.  In addition, according to a broad study of large organisations, 90 per cent of Australian and New Zealand enterprises have fallen victim to cyber attacks in the last year.

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