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Security Attacks Increasingly Motivated By Greed

earthstar writes "E-commerce has emerged as the "single most targeted industry" according to the latest Internet Security Threat Report from security software provider Symantec, with hackers now appearing to be motivated by economic gain rather than notoriety. "We're seeing an increase in profit-motivated attacks," says Vincent Weafer, senior director of Symantec's virus research team. Also in Information week"

11 of 145 comments (clear)

  1. In other news. by Anonymous Coward · · Score: 5, Insightful

    It was discovered recently, that majority of activities of humans are driven by economic gain ...

    1. Re:In other news. by savagedome · · Score: 5, Insightful

      Absolutely. Nothing in this article except another futile observation passed on as a study.

      If it contains money, they will come. Nothing new here. It has always been like that through the history of humankind. People used to keep money in the form of gold and *they* came. People started keeping money with their head of village and *they* came. People put the money in lockers/safes and *they* came. People started using banks and *they* came. Now people are using the web to store/trasnfer money and *they* are here.

    2. Re:In other news. by Tim+C · · Score: 4, Insightful

      Nevermind "economic", the majority of human activities are gain driven, whether it be monetary, sexual, power/prestige/social standing or whatever.

  2. Trickle down Hacking by Anonymous Coward · · Score: 4, Insightful

    Hacking (despite what the movies tell you) has more often than not had a profit motive. From people screwing around with banks, to corps trying to get info on their competitors ect...

    It seems now though more and more of the stupid amateurs are trying to get in on the Hacking for Fun & Profit gig.

  3. In other news... by Anonymous Coward · · Score: 4, Insightful

    people have two legs! seriously, why was this posted? really, does taco have nothing better to post? quizzes about staplers and aol policies. YAWN! man, this site's goin downhill

  4. It's more than just security... by blcamp · · Score: 4, Insightful

    "Companies using e-commerce also retain a lot of data about customers, account numbers and personal information, and a lot of smaller businesses conducting transactions online don't put the money into security, so they become easy targets," said Donovan.

    According to Donovan, many small businesses still do not have an "appropriate level of security".

    The larger problem is that many small business do not have an appropriate level of *clues* about security.

    Small business owners that are not tech-savvy are no better off than the average Joe Six-Pack that gets on the internet. Most unfortunately wouldn't know what it means to update your anti-virus/malware/spyware signatures, much less do it. By the time they do finally call for tech support their network and much of their IT assets, have been 0wn3d.

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    The problem with socialism is that they always run out of other people's money. - Margaret Thatcher
  5. Stats? oh. by wombatmobile · · Score: 4, Insightful

    .

    "We have seen a pretty rapid shift in the style of threats by hackers as they focus more on key-logging and phishing scams for financial gain," he said.

    Oh really? Is Symantec able to quantify an increase in the number of "hackers seeking financial gain" that would qualify the headline of the article? I don't see any stats.

    "Companies using e-commerce also retain a lot of data about customers, account numbers and personal information, and a lot of smaller businesses conducting transactions online don't put the money into security, so they become easy targets," said Donovan.

    Oh. So businesses should give money to Symantec, right?

  6. What is amazing ... by WindBourne · · Score: 4, Insightful

    is that this is purely about money. And yet it is IIS and MSIE that are targeted, not Apache and *nix. I guess that must be becuase IIS has the vast majority of the market and therefor the money folks go for the larger number of machines.

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  7. Another side effect of the .crash by qbzzt · · Score: 5, Insightful

    Five years ago, if you were l33t (= had a few technical skills you could show off), you could work for a .com and get big bucks just for showing up. Now that most .coms are .deads, getting money for technical skills is harder.

    It makes sense that as legit jobs are harder to get, some people, especially those who got addicted to the easy money, will look for non legit work.

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    -- Support a free market in the field of government
  8. Newsflash: by justforaday · · Score: 4, Insightful

    Symantec is releasing daily reports, apparently motivated by economic gain.

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  9. Online fraud... helping Linux/OSS adoption? by terrencefw · · Score: 4, Insightful
    As the owner of an online store (see .sig), I get to see the nasty end of online fraud more often than the average Joe.

    I get at least one purchase made by a stolen card every week, and in some instances I've been able to trace the owner of the card details.

    In every single case, they've told a tale of how their PC got trojaned a few weeks back and they had to get it cleaned up. They're always quite shocked to learn of the real effects of what happened. Up until then, they just see it as an inconvenience and something you just have to put up with once in a while, like unblocking the kitchen sink.

    Sometimes though, they review their credit card statements and find other small purchases that they're overlooked, then realise that they had been screwed little by little over a long period.

    In every case, they've been more than happy for me to send them a copy of TheOpenCD or Knoppix so they can either install Moz or use Linux at least for their online stuff.

    The recent activities of the botnet barons and phishers have certainly caught the attention of the mainstream press though, which is great publicity.

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