Around this time last year a large online auction website went public to announce they had been breached and millions of customer records were compromised. They were not alone, 2014 was marked by high-profile cyberattacks to high street and online retailers. Immediately after the attack, most companies asked their customers to change their passwords, either as a security fix or as a precaution, but is it enough?
All that has changed now and cyberattacks are no longer the work of individuals seeking notoriety, they tend to be organised gangs or state sponsored, well funded, highly sophisticated and targeted and in most cases they have strong financial motivations. In fact, some claim that cybercrime is now more profitable than drug trafficking.
The past year has seen the world's digital transformation take another significant step forwards. Cyber security, wearable technology, the Internet of Things (IoT), big data and the continuous expansion of the cloud, are all changing the way we interact with technology. But what does the future hold?
While I wouldn't want to speculate on if this number is correct or not, I do agree that such is the industrialisation of cybercrime today faced by businesses, governments and consumers, that relatively small numbers of common exploits and cybercrime tools are widely used by the professional gangs operating around the world.