Data theft occurs when a hacker gains access to a protected device, usually by tricking the victim into downloading a program or phishing for their login credentials.
Many public, government, and government-backed entities store a wide range of digital data, making them a prime target for hackers and foreign governments.
Using phishing, a backdoor program, or another virus to get into the system, these hackers can cause severe damage as many businesses rely on computers.
All a hacker needs to do is access private information from an individual or company to access your bank account, such as stealing the credentials through a phishing scam.
During the rise of cryptocurrencies, hackers developed new ways to steal. One common method is cryptojacking, which refers to hackers taking control of devices to mine crypto.
One of the most common ways hackers attack is through ransomware. Once the victim is tricked into downloading the program, it encrypts as many files as possible.
The hacker then provides an ultimatum to the victim: pay to get the files decrypted or lose the data. Ransomware has had devastating effects on governments and businesses.