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December 6, 2019

The Media and Entertainment Industry is Vulnerable to Cyber Attacks

Whether it’s your home premises or your business website, security is very important. You can secure your workplace by using cheap CCTV camera installation. A survey by Forrester Consulting found that more than half of media and entertainment companies experienced three or more cyber attacks over a 12-month period. This blog post will give you an insight into the cybersecurity of media and entertainment firms.

What is a cyber-attack?

A cyber attack is an assault launched by cybercriminals against the computers or networks in a firm. The attack can maliciously disable computers, steal important data or use a breached computer to launch other attacks. The cybercriminals use a variety of methods, including phishing, malware, denial of service, ransomware and many more.

Cyber attacks in the industry

Media and entertainment companies are uniquely vulnerable to cybercrime. Extensive use of outside vendors in the industry and complex production processes provide criminals with an opportunity to attack. About one-third of the  media and entertainment firms agree that they are not confident that their vendor’s cybersecurity strategy would protect their intellectual property, assets and data.

Viruses are the most common cyber incidents and they account for 36 % of the total attacks. They are followed by phishing schemes (29%) and data breaches (28%). Firms underestimating the risk of cyber-attacks and overestimating their security strategies are some of the most common reasons for cyber attacks.

Major attacks on media and entertainment companies

In November 2014, a group of hackers leaked a release of confidential data from Sony Pictures. The data included personal information of employees, copies of unreleased Sony films and the plans for future films. The hackers also employed malware to erase Sony’s computer infrastructure. The attack has definitely alerted the top companies in the industry about the importance of taking cybersecurity seriously.

Home Box Office or HBO also fell victim to a massive cyberattack in 2015. A group of hackers from Europe leaked some episodes from the 5th season of Game of Thrones just after the premiere. Initially, the FBI declared this cyberattack as a hoax. But later it was found that the attack was carried out in a similar way and by the same criminals who were behind the Sony hack of 2014.

Netflix and ABC were also attacked in a similar way. Some episodes from Netflix’s Orange Is the New Black series were held as a hostage for ransom by a group of hackers. ABC’s unscripted game show Funderdome was also released online when the producers denied accepting the demand of the hackers. Disney has also been attacked by cyber crooks in 2017. Hackers stole a digital copy of Pirates of Caribbean: Dead Men Tell No Tales and threatened the makers to release bits of it online if they failed to pay the ransom in bitcoins.

The video gaming platform Steam has also admitted that 77,000 of its gamers accounts get hacked every month. This was the first time when a major video game company acknowledged the cybercrime.

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