Games | Internet | Science | Space

Cyber crime goes professional: Symantec

Symantec Corp's latest security report says that cyber crime has become an increasingly professional business and that malicious code and services are being sold in open markets on the Internet.
Posted : Mon, 17 Sep 2007 15:08:03 GMT
By : Ravi Chopra
Category : Internet (Technology)
News Alerts by Email ( click here )
Internet Technology News | Home
Symantec Corp's latest security report says that cyber crime has become an increasingly professional business and that malicious code and services are being sold in open markets on the Internet.

The Internet Security Threat Report (ISTR), Volume XII covers the period from Jan. 1, 2007, through June 30, 2007 and finds that professionally developed toolkits are being sold in the underground economy. Credit cards continued to be the top commodity sold by cyber criminals accounting for 22 percent of all advertisements, while bank accounts totaled 21 percent.

Symantec said it was able to detect 237 vulnerabilities in plug-ins used on web browsers up from 74 found in the latter half of 2006. 61 percent of all e-mail traffic was made up of spam. Surprisingly 58 percent of enterprises are braced to lose major data at least once every five years.

"In the last several Internet Security Threat Reports, Symantec discussed a significant shift in attackers motivated from fame to fortune," said Arthur Wong, senior vice president, Symantec Security Response and Managed Services.

Some 46 percent of all data loss was attributed to theft or loss of computer, Symantec found. Malicious code that was inserted in an attempt to steal data for online games accounted for 5 percent of all such code, the report said.

"The Internet threats and malicious activity we are currently tracking demonstrate that hackers are taking this trend to the next level by making cyber crime their actual profession, and they are employing business-like practices to successfully accomplish this goal," Wong concluded.

For the complete report, please visit http://www.symantec.com/enterprise/theme.jsp?themeid=itrisk_report)

Copyright, respective author or news agency

Share/Save/Bookmark

Article : Cyber crime goes professional: Symantec
Print this article
Email this article

Stay Updated
News gadget on your Google homepage
Subscribe to a news feed in Google Reader


Related News

Computer and internet briefs, Sunday 22nd November 2009
Washington - Thinking about upgrading to Windows 7 from XP? You'll need to do a fresh installation of the operating system instead of an in-place upgrade. That means you won't be able to just pop in the Windows 7 installation disk and have the oper...

New online virus threat comes via banner ads
Cologne, Germany - Recently, criminals managed to place a doctored banner ad carrying a virus on the homepage of the New York Times, a mainstay of American journalism. The fact they could do so is bad enough. Worse: it's not an isolated case. It's be...

China jails Tibetan website founder for 15 years, group says
Beijing A Chinese court has sentenced the founder of a Tibetan-language website to 15 years in prison after convicting him of disclosing state secrets, while in a separate case a Tibetan blogger was sentenced to five years in prison, rights groups ...

Readers would pay for online news: Italians more than Americans
Washington - Readers would be willing to pay small monthly amounts for online news, according to an international survey released Monday. Americans were at the bottom of the list of what they would be willing to pay, at 3 dollars a month, compared to...

German official: Europe needs plan to handle 'orphan works' texts
Berlin - German Chancellor Angela Merkel's chief culture adviser welcomed Monday the removal of German books from search giant Google's project to create a world online library, and said Europe must solve the orphan works dilemma on its own. Google...

Egypt launches first Arabic Internet domain
Cairo - Egypt is to create the world's first Arabic language internet domain, with registration opening Monday, the country's telecommunications ministry said Monday. Website owners will now have the option of using .msr in the Arabic script, which...

German publishers criticize new Google Books deal
Frankfurt - German book publishers - angered at being included in the Google Books Settlement without being consulted - voiced concern Sunday that they had now been excluded. The US search giant and US publishers announced Friday that the revolutiona...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 

 

More Internet (Technology) News click here
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark

 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 
 
Symantec


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.