Why Cybercriminals Hack Websites to Upload Phishing Pages and Malware Print

  • Updated on 07-May-2024
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Understanding the motives behind why cybercriminals hack websites to upload phishing pages and malware is crucial. The increase in cybercrime has seen a shift in tactics, with hackers now focusing more on financial gains and exploiting human vulnerabilities.

Financial Gain Through Malware

One of the primary reasons for hacking websites is financial gain. According to a report by Verizon, over 80% of attacks are financially motivated, with organized criminal groups being the primary culprits. This trend has been consistent, with most cyberattacks aiming at monetary rewards. Cybercriminals often deploy malware on compromised websites to gain unauthorized access to users' financial information or to demand ransom. The global cost of cybercrime is expected to grow significantly, with an estimated $10.5 trillion annually by 2025, as per Norton's cybersecurity trends.

Read more about financial motivations in Norton’s report

The impact of these cyberattacks is not only limited to data theft but also involves significant financial losses. According to the FBI Internet Crime Complaints Center (IC3), the financial losses from cybercrime complaints accounted for around $4.2 billion in 2020. Data breaches have been escalating, with the average total cost witnessing a 10% increase between 2020 and 2021. This rise is attributed to the growing sophistication of attacks and the increasing value of compromised data.

In conclusion, the motives behind cybercriminals hacking websites to upload phishing pages and malware are deeply rooted in financial gains and the exploitation of human vulnerabilities. The rising costs associated with data breaches and the increasing sophistication of attacks underscore the need for robust cybersecurity measures and heightened awareness among internet users. As technology evolves, so do the tactics of cybercriminals, making it imperative to stay vigilant and proactive in cybersecurity efforts.

Read more about financial motivations in findstack.com report.


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