Data modification

The major threat of cyber crime has spread all over the United States, including both public and private sectors. Cyber security experts are always warning that hackers and bad actors plan to manipulate all major fields. Indeed, data manipulation attacks will target financial, healthcare, and government data. However, the worst part is that the leading industries are highly vulnerable to such attacks.

These data manipulation attacks are intended to steal personal, health, education, and financial records. In addition to that, they aim to swipe the valuable equities of major defence, technology, and production companies. Senior officials of the U.S. government also warned against such attacks and which they emphasize in cybersecurity legislation.

Examples Of Data Manipulation Attacks

To understand it better, consider a theoretical example of the stock market. Imagine an attacker succeeds in breaching the IT system and performs a data manipulation attack of any company. Additionally, imagine the company is a major play like Amazon or Uber. It would cause immediate panic in the stock market. As a result, people will start selling their shares in a rush, which will produce losses to these companies and shareholders.

“Not long ago, cyber-attacks by data manipulation [attacks] were the most discussed topic with its various aspects. These attacks were transforming with use of numerous techniques,”says John Martin, head of research department at CrowdWriter. Indeed, attacks have evolved past malware encrypting data on a local system. Lately, a cyber-attack called “WannaCry” was causing destruction to other systems by infecting them. This has caused more responses to cyber-attacks rather than restoration of data from backups. This will increase the number of vendors.

Who Attacks & What Is Their Purpose

A successful data manipulation attack can cause significant damage to any business, organization, or government department. After all, it will not only affect the bottom line, but also the company’s standing. In addition, a company’s consumer trust is broken after an attack. The purpose of these attacks is to disrupt three aspects of an organization: financial, reputational, and legal.

Usually, these attacks are done by professional hackers who hope to make money by manipulating finance records. In some cases, the attack was an insider threat, an act of revenge from a scorned employee who didn’t get promoted. The case of Tesla Motors and its former employee is one such example. This asserts a serious approach by all the major industries to determine ways to remain vigilant against cyber-attacks.