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The Industrialization of Hacking

Today, hacking is $1T industry -- up from a few billion just three years ago. In 2007, professional hacking represented a multibillion-dollar industry. At present, this same industry posts -- in stolen data, IP and financial gain -- more than one trillion in value. What explains this rapid growth? Industrialization. Just as the Industrial Revolution advanced methods and accelerated assembly from single to mass production in the 19th century, today's cyber crime industry has similarly transformed and automated itself to achieve scalability and increase profits.

The industrialization of hacking coincides with a critical shift in what's considered today's prized commodity: data.

Tags: Cyber Crime, Data Security, Hacking, Automated Attacks

Selected Tag: Cyber Crime | Show All

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