Expert Warns: Cyber Crime Now Operates Like Legitimate Businesses
Oct 31, 2010
Cybersecurity / Data Protection
Today's cybercrime has far-reaching implications for security professionals. Corporate environments are increasingly targeted, with intellectual property becoming a primary focus for criminal activity. According to Uri Rivner, head of new technologies, identity protection, and verification at RSA, this trend was highlighted during a roundtable at the RSA conference in London this week. Rivner explained that in the past, cybercrime was often a one-man operation—typically a basement hacker causing mischief. Nowadays, it has evolved into an entire economy, run like legitimate businesses with a few key exceptions. "Online fraud is divided into two parts—harvesting and cashing out," he said. "This means those who steal and collect the data and those who monetize it by using the stolen credentials." Launching a Trojan attack has become remarkably easy. Rivner noted, "A Trojan costs around $700, with the famous Zeus Trojan priced at $3,000. An adware system cos