The motives for these attacks vary; from selling personal data for financial gain to ‘hacktivists’ making geopolitical statements – which 34.4 percent of targeted companies said they’d experienced (see Fig. 1). Those politically motivated attacks pose a significant danger to corporations and wider economies, targeting financial institutions in their masses as an assault on government revenue.
Worryingly, they’re expected to rise. “All our intelligence tells Radware it will see more geopolitical campaigns and everyone will be a target, especially the banks, because of what they symbolise rather than what they control”, said the cyber-security consultancy. Last year, protests in Hong Kong and news that Latvia would be leading the EU both drove a rise in the number of cyber attacks on the respective countries, and Ukraine’s Central Election Commission found itself the victim of an attack ahead of the elections in May.
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