Posts Tagged ‘cyber criminals’
What Cybercriminals Do With Your Personal Data
When hackers attack a company's systems and steal your personal data, what risk does that pose to you and other victims? How much is your name and email address worth to cybercriminals anyway? To find out what's really at stake, CIO.com asked security experts six key questions about data security breaches.
Why is this information valuable to cybercriminals?
[caption id="" align="alignleft" width="248" caption="What do cybercriminals do with your information?"][/caption]
Personal information is the currency of the underground economy. It's literally what cybercriminals trade in. Hackers who obtain this data can sell it to a variety of buyers, including identity thieves, organized crime rings, spammers and botnet operators, who use the data to make even more money.
Spammers, for example, might get a fresh list of email addresses to which they can send Viagra and Cialis offers. They make money (say $1 per click) off response rates or website/pop-up ad impressions. Meanwhile, identity thieves could use the email addresses to create a phishing scheme designed to trick people into giving up their bank account or credit card numbers.
Read the rest of this CIO.com article by
$72M Bank Fraud Scheme Busted
Outdated Software to Blame for Vulnerabilities at Banks
International cooperation is to thank for the takedown of one cybercrime ring accused of stealing more than $72 million from bank accounts spanning more than 10 countries.
According to a statement posted on the Security Service of Ukraine's website, law enforcement authorities in Ukraine cooperated with authorities in 10 countries, including the U.S., to break up the ring. The hackers, two of whom were arrested in Latvia, are accused of spreading the Conficker worm to steal banking credentials and then wire more than $72 million from those bank accounts, which spanned numerous countries.
Read the rest of this BankInfoSecurity.com article posted June 27th 2011 by Tracy Kitten by clicking here
One in 3,000 websites harbouring malware: Kaspersky
Increasing number of legitimate websites falling prey to cyber criminals
Kaspersky has said that the proportion of websites secretly harbouring malware climbed to one in 3,000 in 2010.
In its report, the security company has stated an increase in the number of Web-based attacks last year, when more than 580 million incidents were detected.
However instead of targeting websites with illegal content, such as pirate films and music, cyber criminals have turned their attention increasingly to legitimate websites, such as shopping and gaming. Read more here at CBR.
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Industry Use Cases
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More coursework to fight academic fraud?
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New Study from ID Analytics Shows over 2.5 Million Deceased Identities Fraudulently Being Used
The identities of nearly 2.5 million deceased Americans are used improperly to apply for credit products and services each year, according to a new study released today from ID Analytics'
