In its midyear global security report for 2009, Cisco says there's plenty to be worried about when it comes to the way that online crime operations are operating.
Bot herders and other nefarious characters are still using cutting-edge computing and social engineering. But according to Cisco's analysis, the real innovation is how those behind some of the biggest threats are collaborating in new ways. It's enterprise 2.0 for the criminal underbelly of the Internet.
Highlighting the collaboration between those running Conficker and Waledac, Cisco asserts that a new business model has emerged for the bot masters, whereby they work together to sell each other's services and evade detection. In some cases, they've even used public forums to solicit advice from one another.
Is there hope on the horizon for fighting these threats? Cisco pointed to "good guy" collaborative organizations, such as the Conficker Working Group and the Obama administration's renewed focus on cybersecurity, as good signs that industry and government are well-aware of the challenges to securty ahead.
You can download the full report here, or watch the video intro below.
Photo credit: husin.sani
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There's an entire ecosystem involved in online crime operations.
Few state and local police departments are prepared to handle the onslaught of electronic crimes because of a lack of resources and training, according to a nationwide survey of law enforcement agencies.
According to a recent report, due to the recession, online crime is increasing at dramatic speed.