Feeds

Security incidents and cybercrime on the up

Spam showers with squalls of exploits predicted

  • alert
  • submit to reddit

Intelligent flash storage arrays

Security events recorded between July and September this year are up 150 per cent on those recorded by security company VeriSign in the same period last year.

VeriSign's Internet Security Intelligence Briefing, published today, concludes that increased financial rewards and the greater sophistication of the computer underworld and making the internet a more dangerous environment. In particular the firm warns on the growth of hybrid attacks - such as computer worms that use a variety of techniques in attempts to compromise user systems or attacks that use system exploits in order to steal sensitive information through secondary assaults.

On the other hand, VeriSign also reports that security incidents in Q3 2004 are down on those recorded in the first two quarters of this year - so it's not all bad.

VeriSign's figures come via its security monitoring services business. This division handles more than 250 million daily security events from firewall, Intrusion Detection Systems (IDS), Intrusion Prevention Systems (IPS), Virtual Private Networks (VPN) and endpoint systems on behalf of VeriSign's various clients.

Spam tsunami, phishing flood

VeriSign's Payment Services currently process more than 35 per cent of North American ecommerce transaction. From this data, VeriSign estimates ecommerce spending in Q3 2004 is up 25 per cent from Q3 2003. The volume of SSL certs in use increased 19 per cent over the same period.

According to VeriSign, fraud losses grew faster than could be explained by the growth in ecommerce alone. The US topped the ranking for countries with the highest volume of fraudulent transactions in Q3 2004, followed by Vietnam and Indonesia. The UK came fourth in this roll-call of shame. VeriSign doesn't quote raw figures on financial losses in making this comparison.

Spam is a major enabler for the rise in cybercrime, according to VeriSign. "Spam continues to be the primary vector for internet crimes, including advance fee fraud, phishing ploys and work-at-home carding schemes. Networks of captured machines or "botnets" are now routinely used to deliver spam, which can help seed virus distributions and Distributed Denial of Service (DDoS) attacks," it notes. "During the past 12 months, Internet crime has become more organized and directed toward achieving financial reward. Spam solicitations have become increasingly aggressive to combat more effective filtering solutions that limit the number of victims they can reach." ®

Related stories

Rise of the Botnets
Phatbot arrest throws open trade in zombie PCs
RSA cosies up to AOL as VeriSign enters token market
Big.biz struggles against security threats

Security for virtualized datacentres

More from The Register

next story
Knock Knock tool makes a joke of Mac AV
Yes, we know Macs 'don't get viruses', but when they do this code'll spot 'em
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Why weasel words might not work for Whisper
CEO suspends editor but privacy questions remain
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
BlackEnergy crimeware coursing through US control systems
US CERT says three flavours of control kit are under attack
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.