When someone mentions a cyber criminal what do you think of?
For most of us, the image that comes to mind when we hear the word “hacker” is pretty stereotypical. Probably a young guy wearing a hoodie and headphones, in a basement, surrounded by displays full of unintelligible numbers and letters, with only nefarious intentions at heart. People have that image for a reason; that’s how most films have portrayed these characters.
But this stereotype just isn’t totally accurate. Not all hackers have the same motives. In fact, not all of them are “bad guys.” This assumption about hackers leads to misunderstanding which leads to fear. And acting out of fear is never a good thing. If you want to stay safe from cyber-related crimes in the modern world, it’s important to understand the myth vs. the reality of online criminals.
5 Misconceptions About Cyber Criminals
MYTH: All hackers are male
TRUTH: Just like their varied motivations, hackers come in all shapes and sizes. While the average self-proclaimed “hacker” is likely to be male and under 35, they can be of any gender, age, ethnicity, etc.
MYTH: Hackers work alone, exclusively
TRUTH: As with most pursuits in life, hacking tends to be most productive when conducted by a team. It’s actually pretty common for hackers to be involved in larger groups or organizations. Some of them even have salaries and set holidays, just like the rest of us in the non-hacking working world, and may have customers and sales arrangements that include things like reseller portals and component rental
MYTH: Hackers have to work really fast, or else they’ll get caught by the authorities
TRUTH: A rushed job is a bad job, plain and simple. Hackers have the time to take a slow and methodical approach to accomplish their aims. They know they’re more likely to be successful if they research targets, do recon, and take the time to work out the best angles of approach. In contrast, victims of attacks typically have a very short amount time in which to react or recover, especially in the case of ransomware.
MYTH: There isn’t much money to be made, so hackers have to send lots of attacks to make their efforts worthwhile
TRUTH: There’s a lot of money to be made in hacking. As of the most recent Cost of a Data Breach Report, the average cost of a data breach is $3.92 million, and nearly 3 in 4 (71%) of breaches are financially motivated. In fact, the average hacker can earn up to 40 times the median wage of a software engineer.
MYTH: Hackers only go after large corporations and government systems.
TRUTH: Although large corporations can be desirable targets, they often have larger security budgets and teams of security professionals dedicated to protecting the business. You might think hackers have bigger fish to fry, but small and medium-sized businesses (SMBs) are prime targets. More than 70% of cyberattacks target small businesses. In particular, more attacks are focusing on MSPs specifically because of their SMB clients. Breaching a single MSP could open up data access to their entire client base.
So what do you do?
You’re already on your way. By better understanding the true methods and motivations behind the myths, you can begin to lock down your business and protect your customers against today’s biggest threats. If you haven’t already, check out our Lockdown Lessons, which include a variety of guides, podcasts, and webinars designed to help MSPs and businesses stay safe from cybercrime.
The next step is to ensure your security stack includes a robust endpoint protection solution that uses real-time threat intelligence and machine learning to prevent emerging attacks.
