1/13/2024 0 Comments Hider 2 vs espionage![]() Using the intel gathered during reconnaissance, the attackers typically send contextually relevant malware-laden spear-phishing emails to the chosen high-ranking corporate official. The only difference? Espionage-as-a-service attacks have an additional component-peddling the stolen data to the highest bidders (typically to the targets’ business rivals) in underground markets or the Deep Web.Īttackers first gather intelligence on the intended target to pinpoint who to bait. How do espionage-as-a-service attacks work?Įspionage-as-a-service attacks use the same tools, tactics, procedures, and components as targeted attacks. They can even hire hackers to do the actual spying for them.įigure 1: Russian underground forum ad for hacking a company’s database Attackers can easily buy the tools they need to spy on and exfiltrate highly confidential corporate data or “company crown jewels” from rivals. Sadly, economic espionage should not only concern nation-states any company, regardless of size, is at risk of losing intellectual property (trade secrets, information on new products and services currently in the works, etc.) to attackers, typically business rivals.Įconomic espionage attacks can be aided by espionage-as-a-service offerings that are readily available in cybercriminal underground forums and markets and the Deep Web. In an effort to address this, United States President Obama and Chinese leader Xi Jinping signed an agreement in September 2015 promising that their countries would not conduct or condone economic espionage in cyberspace against each other. Countries that spend huge amounts on new product, service, or technology research and development stand to lose billions of dollars to economic espionage attacks each year, according to a Federal Bureau of Investigation (FBI) national awareness campaign.
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