Thursday, July 16, 2009

Maturing cybercriminal economy buoyed by business savvy hackers

Buying and renting tools used by cybercriminals to conduct attacks and steal credentials is becoming much easier for the average person. "For Rent" signs hang on botnets, automated hacking toolkits are sold at bargain prices, and the data reaped by the criminal activity is sold and traded in online forums on a daily basis.

Researchers at networking giant Cisco Systems Inc. are warning of the increasingly sophisticated cybercriminal underground economy and how it could be attractive to those having trouble finding work or facing layoffs in a troubled global economy. Meanwhile, cybercriminals are borrowing some of the best strategies from legitimate companies and forming partnerships with one another to help make their illegal activities more lucrative, according to Cisco.

Read more about this info at:,289142,sid14_gci1361752,00.html?track=sy160

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