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Finance

Cyberattack

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Cyberattack

  1. Security concerns within organizations have been increasing at an alarming rate because the technologies and security protocols are being implemented properly. Apart from outsider attacks from cybercriminals, the rate of insider attacks has increased as well. This, in turn, has consistently damaged the reputation of large organizations. The organizations were on the verge of losing potential customers. The Cyberattack proliferation in 2011 has caused severe damage to 72 globally operating organizations.

The McAfree/Intel security experts claimed that countries such as the United States, India, and Canada were the targeted victims of the cyberattacks. The incident can be regarded as an intrusion, and significant wealth transfer has occurred as well. High-tech organizations, including the International Olympic Committee as well as the UN, have been the victim of intrusions. The cyberattackers consistently broke the security protocols of the computer systems, and before the attacks were uncovered, sensitive data has been stolen already. .

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  1. The 2011 Cyberattack proliferation had a significant impact on major developed and developing countries, including India, the United States, and Canada. The cyberattackers targeted 72 organizations that were operating globally using malicious tools. An increasing number of threats and attacks caused severe damage to the reputation of the organizations. Apart from losing their reputation, the firms also lost a significant base of customers. The Intel/McAfree security experts conducted further investigation and stated that the motive of cybercriminals was to gain access to private data of customers so that they can create fear in the nations.

The case of Edward Snowden and the National Security Agency or NSA can be considered to understand the severe impact of data breaches. Snowden revealed to the media that governments now have access and control over the private data of users. It can be stated that governments involve in these acts to gain competitive advantage diplomatically over other nations.

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