Cisco warns of the increasingly sophisticated cybercriminal underground and how it could be attractive to those having trouble finding work or facing layoffs
- Researchers at networking giant Cisco Systems Inc. are warning of the increasingly sophisticated cybercriminal underground economy and how it could be attractive to those having trouble finding work or facing layoffs in a troubled global economy.
"There’s a lot of business sophistication," said Patrick Peterson, Cisco fellow and chief security officer. "Cybercriminals are taking a lot of Harvard Business School approaches, making them very difficult to combat, and it really does increase their success rate and the impact they have on us."
- researchers are also seeing lower-volume, but more frequent botnet attacks. Peterson said it’s a sign cybercriminals are trying to stay under the radar. Researchers from the University of California, Santa Barbara, who studied the Torpig botnet, discovered that it had been operating for several years, stealing login credentials for hundreds of thousands of online bank accounts.
- The report also highlights how smartphones and social networking websites are being increasingly targeted by cybercriminals, lured by the massive amount of personal data displayed over time on websites such as Twitter, MySpace and Facebook.
- Cisco has been tracking a rise in malicious SMS text messages, appearing from a trusted source prompting victims to call and reveal sensitive account information
"It’s really all about social engineering to trick users, and with the amount of data people place in the public eye, it’s become easier to conduct these attacks.