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Online Hacking: Companies Going Public

Posted on: June 1st, 2013

Online Hacking: Companies Going PublicThere are thousands of companies that have unfortunately experienced an attack on their computer networks in the last few years. Seldom do the companies come forward and admit that they had been hacked. Whether it is concern over stockholders’ reactions to the news, or over a potential effect on the stock price, or at the insistence of corporate attorneys, most corporate victims of hacking remain silent, until recently.

Several of these companies have now come forward and admitted that they had been hacked by a sophisticated group of cybercriminals. Twitter, Facebook, Apple and the New York Times are just a few of them. These recent admissions by large companies is giving courage to other companies to do the same.

Many of these attacks are politically motivated. The SEA, or Syrian Electronic Army claimed responsibility for hacking the Twitter accounts of those news organizations they felt didn’t present their President Assad in a positive light. In China, there is a division of the Chinese Government that is dedicated to monitoring and silencing news organizations they feel portray China poorly. Officially, the Chinese government denies such an involvement, but investigators traced one of the hackers to a Chinese government building in Shanghai.

It was in 2010 that Google alerted Gmail users of an attempt by Chinese political activists to read the emails users sent. Google also said that it was one of over twenty companies that had been targeted by the same Chinese group. Part of the reason that Google went public was that they wanted to encourage the other twenty plus companies to come forward. Only two companies did so.

Three years later, the hacking continues on major targets. In fact, it’s organized. Researchers at McAfee discovered an extensive plan dubbed, “Operation Shady Rat”. They learned that more than 70 organizations had been hacked. So the problem continues, but more companies are opening up to the idea of going public with the news.


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