Cybercrooks are moving into industrial espionage in a big way, hunting for intellectual property and other sensitive information. Once they have the material in hand, they can either use it to gain a competitive advantage for their own company — or auction it off to the highest bidder.
The top target sectors for this new breed of hackers include financial services, information technology (hardware, software and IT services), aerospace and pharmaceuticals. Any company with an Internet presence, however, is also considered fair game. The sophistication of such operations makes the perpetrators hard to catch and harder still to prosecute. "The law is local, but they can do the crime from anywhere," says Yuval Ben-Itzhak, chief technology officer of Internet security firm Finjan Inc. Cybercrime: Is Your Firm on the Hit List? - Kiplinger.com
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