Threats From Economical Improvement presented at OWASP Appsec 2010

by Eduardo Neves (Conviso IT Security),

Tags: Security Analysis


Summary : Baseline projections from Goldman Sachs envisage the BRICs overtaking the US by 2018. In terms of size, Brazil’s economy will be larger than Italy’s by 2020; India and Russia will individually be larger than Spain, Canada or Italy [1]. As a result of this improvement, a new mid-class is emerging within the population and the access to computers and e-commerce are advancing in the same wave, generating threats based on a large base for new cyber criminals and also new victims with little or no knowledge of computer security.

Although each region exhibits marked distinctiveness, several commonalities emerge among the BRICs and also other countries on The Greater Middle East and Central Asia [2]:

* The cyber crime environments of each are becoming more dangerous and increasingly interconnected. Less-advanced cyber threat environments are catching up to the developed world more quickly than had been estimated.
* Cyber crime in Brazil, constituting the vast majority of all that occurs in Latin America in 2008, has remained on a steady upward trajectory, essentially reflecting the wider Internet penetration and increasing numbers of online banking customers. This scenario is the same on Russia and Chine where the motivations can also be increased by politics and ethnic issues.

This presentation will show how this scenario is being studied and the next steps on develop a more comprehensive analysis on the root causes and proposed actions to change the increase of cyber crime from these sources. The final objective will be to propose a OWASP Project for 2011 based on the fact that the majority of the impacts suffered came from web applications vulnerable on client and server sides. [1] Is this the ‘BRICs Decade’?, BRICs Monthly Issue No: 10/03 May 20, 2010 [2] 2009 Cyber Threats and Trends, An iDefense Topical Research Report, Dec. 12, 2008