Identity theft is currently a gold mine for cybercriminals—one that reached an all-time high in 2016, with up to $16 billion worth of losses caused by fraud and identity theft. But what exactly happens with the stolen information?
Economic espionage should not only concern nation-states; any company, regardless of size, is at risk of losing intellectual property to attackers and rivals. What can enterprises do to defend against these attacks?
While cybercriminals seem to be shying away from data theft to outright extortion as their main revenue source (cue in ransomware), stealing personal information and using or selling it for further cybercriminal acts is still a serious problem.