Cisco report: Online banking, social networks are fertile new ground for cyber criminals
Tuesday, December 8, 2009
With Facebook tripling its user base and more customers than ever using online banking services, the opportunities have been obvious for online criminals - and they have not failed to take advantage.
A report issued today by Cisco says that a social media worm known as Koobface was the most creative new piece of malware seen in 2009, infecting close to 3 million PCs and spreading via bogus links to video sharing sites to the friends of infected users. Cisco's "most audacious criminal operation" of 2009 was the Trojan campaign using the Zeus malware, one of many sophisticated new banking Trojans to appear this year.
Clampi and URLZone were two of the more dangerous entries on that list, with both programs using highly advanced means to circumvent anti-virus software and steal sensitive personal financial information.
Cisco, among other security firms, notes that one of the reasons behind the growing sophistication and effectiveness of cyber criminals is their increasing organization. Instead of a group of bored teens operating from North American basements, the modern hacker gang is an efficient criminal enterprise, frequently run from Russia or other Eastern European countries.
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