Feeds

Viruses, phishing, and trojans for profit

Malware is big money

3 Big data security analytics techniques

The lighter side of profit making

One cannot deny the allure of big profit, low risk cyber crime. It's a shame that hackers aren't paid more heartily for legitimate work like developing new applications, securing networks, building new web businesses, and so on. I want to believe that few people go out intending to be criminals, but the disparity between legitimate pay for legitimate work and the criminal profit is sometimes too great.

It's scary, in fact, how much cyber crime has grown in recent years – even if the hard numbers and the Gartner polls are lagging behind the reality, I am not going out on a limb here. The FBI estimates cyber crime at somewhere around $8bn in the past two years against US businesses. The world number is surely larger.

Would there be less crime if developers and hackers were paid more? If the internet bubble hadn't burst? I'm not sure. But it's worth some thought.

On the complete opposite end of the spectrum are the people with great ideas who build something new and get paid outrageously well for their work. The folks at YouTube may have made off like bandits (accompanying video), but they are an inspiration for everyone in the internet age. A small company of 65 people, which never turned a profit, was purchased for $1.65bn dollars in Google stock. That's the equivalent of 50 modest half-million dollar homes for every single employee. That's about about 1,159 Mini Cooper S-Type cars stacked end-to-end, for every single one of those hard working 65 employees. That's about... well, you get the idea.

Of course, I don't imagine the secretary of YouTube made off with $25.4m, because not everyone is equal...and not everyone's brain can be purchased for the same price. At $1.65bn dollars for a 65 employee company, do you think Google really liked YouTube's ideas?

We can't all hope to win the internet lottery like the folks at YouTube did, but I hope it's a sign of things to come: new investment in internet technologies by big companies. Maybe if there's a little more incentive for a developer to be creative and create something new, instead of working on that new trojan-virus-spam-phishing scam in his spare time, some of the misguided virus folk might be inspired by some legitimate grandeur and cash, and not be headed to the dark side after all. Maybe? Maybe not? Well, one can only hope.

This article originally appeared in Security Focus.

Copyright © 2006, SecurityFocus

Kelly Martin has been working with networks and security since 1986, and he's editor of SecurityFocus, Symantec's online magazine.

3 Big data security analytics techniques

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Putin tells Snowden: Russia conducts no US-style mass surveillance
Gov't is too broke for that, Russian prez says
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Heartbleed exploit, inoculation, both released
File under 'this is going to hurt you more than it hurts me'
Reddit users discover iOS malware threat
'Unflod Baby Panda' looks to snatch Apple IDs
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.