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Submitted by: Bill Hickey
NCVA List Master

NRT-0172 Cyber-Thieves Richer Than Drug Dealers:

A major global malware epidemic is putting greater wealth into the hands of criminals than ever before, according to new research from security software vendor PCTools. The company's Malware Research Center has witnessed disturbing trends such as blended attacks, a proliferation of "toxic" rootkits, and a 120% increase in new crime based threats. "Cyber-thieves are making are making as much money as drug dealers, according to a recent global identity theft report cited by PCTOols. "Given the huge rise in identity theft this year, it would be safe to assume that cyber-thieves are now earning as much money as a small country," said PCTools Vice President Michael Greene, who believes the world is facing one of the most significant Internet security battles ever. "Everyone is vulnerable, from those using social networking sites, to individuals filing online tax returns. Security vendors which do not revise their Internet security technology will be ineffective," he said. Greene warned that the blending of virus and spyware attacks is making malware more complex, and that personal information is increasingly the target.

(www.vnunet.com 08MAY07)

Last Modified: Saturday, 12-May-2007 08:18:57 EDT