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Cyber-Espionage moves into B2B

By Press

From InfoWorld, a disturbing story about how cyber-espionage, including (of course) economic espionage, is moving away from governmental subjects and targets to businesses. The report is based on the research of the SANS Institute.

According to its latest research, cyber-espionage efforts funded by "well-resourced organizations" -- including both government-backed and private efforts -- will expand significantly during 2008, in particular as overseas companies look to gain an upper hand in negotiating business deals with large companies based in the U.S. and Europe.

A common scenario involves the use of hackers to break into competitor's IT systems to gather competitive information in order to gain an advantage at the bargaining table.

According to the story, "while such attacks have been somewhat common among government and defense contractors for years, the process is highlighting a lack of perception regarding security risks inside other major U.S. businesses."

Full post as published by Womble Trade Secrets Blog on January 16, 2008 (boomark / email).