‘Butterfly’ group goes after corporate IP

Symantec has identified a group of cybercriminals, whom they’ve named “Butterfly,” as targeting corporate intellectual property for financial gains, with Twitter, Facebook, Apple and Microsoft among those hit.

“Attackers going after intellectual property is not that usual,” said Vikram Thakur, senior manager at Symantec.

“Butterfly” was originally named “Morpho,” but the latter name was taken.

Unfortunately, a name like “Butterfly” doesn’t do much to convey the level of threat the group poses. “Butterfly” by itself doesn’t sounds too ominous, but “Istanbul Butterfly” or “Seaweed Butterfly” instantly sound better.

However, those attackers tend to be state-sponsored and target information or military or other strategic importance.

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