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Hacking is getting worse as it gets more profitable

Hacking is getting worse as it gets more profitable
Ken Wolter / Shutterstock.com" target="_blank" rel="nofollow">image courtesy of Ken Wolter / Shutterstock.com

Ever wonder why we're seeing more and more cyberattacks and data breaches recently? It actually makes perfect sense. Computer hacking is more profitable than ever, which is why so many people want to get in the business.

Cisco's Mid-Year Security Report found that the number of cyberattacks has been on the rise. Craig Williams, Security Outreach Manager at Cisco Systems and one of the authors of the report, says it's because of a few reasons.

"At a high level, we're seeing big changes in attack behavior," Williams told eWEEK. "Our adversaries are becoming more agile and are adapting faster to the security industry than ever before. We're seeing this with exploit kits, ransomware and others. The reason for this, we think, is that it's so much easier to monetize malware these days."

Hackers have been busy chipping away at databases, servers and online accounts in search of anything they can use to blackmail someone with. This could be personal photos, secretive documents and even bank account information.

In addition to finding ways to extort people for money online, cybercriminals have also tapped into the profitable market of ransomware. Hackers find a way to break into your smartphone or tablet and lock it remotely. Then a message appears for you to get in contact with a certain telephone number.

Next page: How ransomware works and other profitable hacking tactics
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