Hacking itself dates back to 1982
The “414s” were a group of hackers who had broken into several computer systems in America. The “business model” of hacking really began to gain traction, however, from mid-2000 and has been growing exponentially ever since. Anonymous, the Shadow Brokers, Lazarus Group, Fin7, APT28, Snake or attacks such as WannaCry, Carbanak, Moonlight Maze – these names have achieved international infamy. Within just a few days, companies today can face millions of dollars in damages – in the case of WannaCry, an affected company reported damages of USD 300 million, while, in the case of Carbanak, damages totalling USD 1 billion were purported to have been incurred by the affected banks. The “gold”, i.e. the financial benefits from these attacks, end up in unknown hands.
On a time line, we are therefore already at an advanced stage in the “golden age”. There is, however, an additional problem: we continue to offer new possibilities for hackers thanks to the high degree of digitisation in all areas of life. Is there an end in sight to the golden age? Quite the opposite – wealth and inexhaustible sources of money are enticing, leading to attacks that are increasingly diverse, complex and comprehensive. This fact has also been confirmed recently, among other things, by a study of the World Economic Forum: cyber security risks are steadily growing, both in terms of likelihood and potential for disruption, according to experts. The Allianz Risk Barometer also reflects this view: of the top 10 global business risks in 2018, cyber-related incidents such as cyber crime, system failure, and privacy violations rank second.