Archive for the ‘Threats’ Category

The Business of Cybercrime: A complex business model

As the “Underground Economy” has grown and flourished, cybercriminals have developed new methods for tricking victims into downloading Trojans and other malware. These scams are amazingly lucrative, with profits totaling in the millions per year.

Many perpetrators hail from Eastern Europe where cybercrime is rampant and considered business as usual. This report discusses the well oiled business model of cybercrime, and the diverse range of functions involved in delivering these insidious criminal activities.

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2009’s Most Persistent Malware Threats

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Enterprises are raring to harness the benefits of the Internet’s connectivity and infrastructure for both core operations and support activities. The generally positive response toward moving into the cloud, the increase in the use of social networking platforms for business, and the continuous move toward a mobile and interconnected workforce gained momentum in 2009.

The risks of conducting business with the use of the Internet became readily apparent as well. According to reports, 18 percent of the respondents to the “Computer, Crime, and Security Survey” that reported security incidents in 2009 also experienced at least one targeted malware attack.

A separate study, the Ponemon/PGP report as reported by CNET News on the cost of a data breach due to criminal activity pegs loss to business at US$215 per stolen record. Remarkably, the “criminal activities” in this report now include data-stealing malware and botnets. In fact, more of these attacks have been reported in 2009 than ever before. A review of the TrendLabs Malware Blog entries in 2009 likewise calls attention to recurring themes in the security challenge for users and businesses alike. Cybercriminal organizations work hard to use old and new online platforms to trick even the more tech-savvy users into following a malicious link or into opening a malicious file. In the more insidious kinds of attack that will be discussed later (i.e., a network worm named DOWNAD), almost no user interaction is required for an attack to spread throughout a system of interconnected computers.

In this report, TrendLabs, Trend Micro’s research lab, discusses 2009’s most persistent threats and presents why users need to be more engaged in keeping their systems secure than ever before. These five most recurring and ever-present threats effectively challenge even the more tech-savvy businesses who encounter them either through lack of network security or of education and appreciation of the severity of threats on the part of employees. At the end of each discussion, a list of security dos are recommended for large enterprises and smaller businesses alike.

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2010 Threat Update and Predictions Video

Trend Micro offers a recap of 2009’s threats and predictions for the year ahead. Raimund Genes, Trend Micro CTO, gives technical explanation of his insights.

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Why Social Networking Sites Are NOT Always Sociable

Social networking sites are fascinating and downright scary at times. This Security Guide to Social Networks is a must read if you use Facebook, Twitter or MySpace, or know somebody who does. Not only will you learn about the dangers—which are very real and lie in wait for the unwary with everything from spam to identity theft—but also a few simple, clever and useful rules to help you avoid those dangers.

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Does an Eastern European Criminal Have Your Business Bank Account in His Sights?

Eastern European cybercriminals are siphoning off millions from small businesses, taking advantage of a lack of authentication procedures, transaction controls and reporting. They trick workers into visiting sites with the same look and feel as their company’s bank by using malware programs or keystroke loggers downloaded via an email attachment. This is one article you’ll want circulated throughout your company.

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