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Sunday, March 09, 2014

Malware authors find low risk, high rewards

Cybercriminals are successfully using malware to steal customer debit and credit card information, company customer lists, and sensitive data seemingly at will. Underground forums have become a popular destination for criminals buying and selling stolen personal information, with analytics used to detail credit limits and which banks have more lenient security procedures in place.

malware_authors_find_low_risk_high_rewards

In one underground forum, for example, a list of 10,000 e-mails - broken down by age, gender, and geographic location - for just $79 for purchase, and there are plenty of similar offers available. Key logger software can be purchased for $35-$50, and customizations can be added for a slightly increased fee.

After the recent Target data breach, which affected more than 70 million in-store customers, more Internet users are becoming aware of cyber threats. Banks have already paid more than $200 million in costs related to the breach, and that number is only expected to increase over the next few months.

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