NEW YORK (TheStreet) -- Branden Spikes, the former CIO of SpaceX and technology right-hand man of Elon Musk warns that cyber hackers are not only growing stronger, their activities are a thriving industry in and of themselves.
Spikes said he's created a way to severely cripple their activities; to eradicate the risks of wide-reaching hacking attacks such as those that ushered in the new year with targets including Yahoo! (YHOO) and Target (TGT) and ensure that nothing like that could ever happen again.
The attacks have been both efficient and epidemic in proportion.
Gartner estimates that it costs about an average of $653 to fix infected desktops, and some security industry assumptions estimate about 10% of the roughly 2 million computers that were infected by the Dec. 31 to Jan. 3 malware attack on the Yahoo's advertising server could have belonged to business users. As a result, that one attack might have resulted in $130 million in IT costs and lost productivity for businesses.
With Target, the December breach into its point-of-sale machines that left compromised credit card and personal data belonging to up to 110 million customers was done through just a single point of vulnerability after employees at one of Target's heating and ventilation suppliers became recipients of malware-loaded emails.
The annual, global economic cost of cyber-attacks have now reached more than $400 billion, with about a quarter of that coming from just the U.S., according to a Jefferies report.
"There is commonality between how the organizations are targeted these days," Spikes explained during a chat with TheStreet. "All of the successful penetrations are coming through web browsers."