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Cyber crooks exploit recession, social media in '09

Cyber crooks exploit recession, social media in '09

By:  Nestor Arellano and Jaikumar Vijayan  On: 23 Dec 2008 For: Computerworld US(NA) Creator

Cybercrime becomes all about building online communities, as crooks step up efforts to take advantage of the global fear over the recession and harness emerging social net technologies to spread malware

Cybercrime organizations will increasingly use social networking and latch onto people's anxiety over the global economic meltdown, according to online security experts.

Most of the security vendors' forecasts predict dramatic spikes in volumes of spam, phishing, botnet activity and malware targeted at companies. The reports also highlight sharp increases in attacks directed against Web and mobile applications. But the concerns largely deal with issues that security managers are already familiar with and there are few, if any, really nasty new threats in store around the corner, according to the forecasts.

"We will see a lot more Web threats, but this time attackers setting up phony social networking groups or sites with interactive Web pages to launch malware," says Marc Fossi, manager of development at Symantec Canada.

"This method rides on the popularity of viral social networking sites. Not only do victims unwittingly surrender personal information, they also invite friends to join them," he said.

Symantec is also beginning to see the proliferation of spam messages riding on people's uncertainty over the economy. "There's a large number of spam messages offering financial advice or foreclosure services," Fossi said.

Spam trends for 2009: What to look out for

The Symantec report also shed some light on the "underground economy" spawned by the sale of stolen personal information such as bank account credentials, and credit card information.

The company observed 44,752 samples of sensitive information posted by illicit information seller hawking the items for prices ranging from $10 to $1,000. Symantec estimates the total value of advertised illegal data at around $7 billion. Like with years past, forecasts are colored by the vendor's specific view of their places in the market.

For example, Verisign, a provider of Internet infrastructure services, predicted increased attacks against critical targets including SCADA (Supervisory Control and Data Acquisition ) systems, which deliver power.

Desktop security software vendor Sophos, meanwhile, warned about dramatic increases in malicious e-mail attachments, and huge spikes in spam volume. And Web application security product vendors predicted an increase in Web attacks.

Together the forecasts paint a picture of a threat environment, while not pretty, looks largely like the one this year -- except that it will have more of everything. Among the forecasts were the following:

--In 2009, more than 80 percent of all malicious content will be hosted on sites with "good" reputations, according to Web app security vendor Websense. Continuing a new trend, attackers will also move to a distributed model for controlling botnets and for hosting malicious code. Such 'fast flux' networks allow malicious Web sites to be moved around quickly to make it harder, if not impossible, to locate and shut them down.


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Nestor Arellano and Jaikumar Vijayan Nestor Arellano and Jaikumar Vijayan is a contributor to the International Data Group (IDG) News Service, which publishes global technology stories from bureaus around the world to more than 300 publications in more than 60 countries.

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