Menace 2 the wires: advances in the business models of cybercriminals presented at Virus Bulletin 2007

by Guillaume Lovet (Fortinet),

Tags: Security

URL : http://www.virusbtn.com/conference/vb2007/abstracts/Lovet.xml

Summary : "Today, the profits generated by cybercrime worldwide are somewhere between 50 billion and 100 billion US dollars
per annum, flirting with the revenues yielded by the 'historic' business of illegal drugs.However, as the public becomes aware of the situation, user education and global security policies tend to improve
as well. To sustain profitable balances - or simply to optimize their gains - money-driven cybercriminals are
therefore pushed to innovate, to polish their social engineering methods and to go as far as taking physical action
to implement their business logic. While companies are not spared, their targets of choice remain the average user.
You, me, anyone.While the 2006 Virus Bulletin paper 'Dirty Money on the Wires' was a snapshot of the most 'traditional' business models
among the cyber-underground scene over the past two years, this paper will go deeper underground, closer to the
culprits: based on quantified data, light will be shed on new - or anticipated - business models,following the
evolution of cybercriminals as we are entering the Web 2.0 era, and as borders between crime and cybercrime become
thinner every day.
"