Professional Hackers for Hire

A cyber hacking Chinese group known as Hidden Lynx is being hired to launch attacks on American banks and government organizations in order to obtain some sensitive information for its clients.

The group is formed by about 100 skilled hackers that utilize sophisticated techniques to target hundreds of organizations at the same time. Financial institutions are the most commonly attacked and hacked. According to a report from CrowdStrike half of the group’s targets have been in the United States but also Taiwan, Germany, Russia and China itself.

For the last 2 years a software company named Symantec has been trying to track the group. Symantec wrote in a blog post that Hidden Lynx is most likely a professional hacker-for-hire operation that is contracted by clients to provide information. It also wrote that they steal on demand, whatever their clients are interested in, hence the wide variety and range of targets.

Unlike the other famous hacker groups such as Anonymous and LulzSec that seem to be motivated by desire to cause mischief, Hidden Lynx is most interested in monetary gain. They are considered to act like online bounty hunters. Clients will pay huge amounts of money in order to have the desired information to gain advantage in commercial deals and/or geopolitics.

According to Symantec, most of the attack infrastructure and tools used during the attacks were found to originate from China.

 

http://www.telegraph.co.uk/technology/news/10317634/Cyber-hackers-hired-to-attack-governments-and-banks.html

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4 thoughts on “Professional Hackers for Hire

  1. Perhaps, industrial espionage happens more often in other countries and corporate regulation doesn’t exist. Some of these business look for a means to quick cash or government secrets, such as weapons development. Already, I believe the Chinese were able to see US blueprints for certain modern warships.

  2. This does not really seem surprising. The “professionalisation” of hacking has started with mafias and continues with shady businesses. Considering the value of information itself (on stock markets for example), hacking becomes much more rewarding than your typical burglary.

    You can steal trade secrets, harass your competitors with Denial of Service attacks, etc. The opportunity is too good not to see these kind of practices emerge.

  3. I don’t know if these hackers are trying to pose as some sort of “robin hood” however they are definitely thinking in terms of higher gain than just your average hacker. Another downside that might have not been brought into question is how when large corporations loss financially, we as the general public follow suit. They can use this as a means of increasing prices, and overall the entire economy can be effected adversely. Also with groups like Anonymous, i think they are more after social vigilantism more than just mischief.

  4. What this article basically states is that if one has enough money, he or she can hire this agency to obtain nearly any sort of information that they desire. This is particularly worrying because if someone with figuratively large pockets can get access to classified information through an outside source, especially in the financial industry, it could spell bad news for many people. Unfortunately, I can envision this process having some very negative implications in the near future, and hopefully, a system can be established that helps to regulate this scramble for classified information.

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