Coming War with Iraq taking toll on North American Business
London, UK - 18 March 2003, 13:00 GMT - North American businesses
are being heavily targeted by hackers and cyber protestors according to new
research released this morning from mi2g, the world leader in digital
American business suffered the majority of global digital attacks in March
2003 showing a sharp increase from the same survey carried out twelve months
ago. Almost 64% of digital attacks worldwide focused on US and Canadian targets
while only 21% have been against European victims. A year ago, Europe and
America were suffering almost equal volumes of attack - about 30% each. Since
then Iraq has taken centre stage and hackers across the globe have shifted
their focus onto North American targets.
Most of the digital attackers - involving credit card or data piracy, identity
theft, denial of service and/or safety hazards - are leaving protest messages
behind focusing on the War with Iraq. Even those hackers who were previously
apolitical now appear to put forward anti-war messages. Each of the attacks
has a unique story.
The protests are sharply critical of US policy and emphasise the reluctance
of most parts of the globe to support the war with Iraq. The abandoning of
the UN route is also sharply criticised. At present, the protest hackers are
originating from Brazil, France, Indonesia, Mexico, Morocco, Romania, Saudi
Arabia, Turkey and UK. A year ago, the anti-US protestors were primarily from
Islamic countries such as Indonesia and Pakistan.
"In comparison to the NATO-Serbia war in
1999, this time around the protest targets have shifted away from government
and military organisations towards businesses and economic entitities,"
said DK Matai,
Chairman of mi2g. "There is a realisation
that the soft underbelly of Western economies is represented by the relatively
unprotected small to medium size business entities."
The worldwide economic damage caused by digital attacks in March is estimated
to be between $1.75 and $2.14 Billion Dollars so far. The overall economic
damage from digital attacks and malware like the Slammer worm is estimated
to be between $16.1 and $19.8 Billion Dollars in 2003.
mi2g is at the leading edge of building secure on-line banking, broking
and trading architectures. The principal applications of our technology are:
2. Digital Risk Management; and
3. Bespoke Security Architecture.
mi2g pioneers enterprise-wide security practices and technology to
save time and cut cost. We enhance comparative advantage within financial
services and government agencies. Our real time intelligence is deployed worldwide
for contingency capability, executive decision making and strategic threat
mi2g Research Methodology: The Frequently Asked Questions (FAQ) List
is available from here in pdf. Please
note terms and conditions of use listed on
Full details of the latest monthly 2004 report are available and can be ordered
(To view contents sample please click here).