Cybercriminals adapt tactics for financial crisis: Virtual Criminology Report 2008

Cybercriminals are adapting their tactics to target people worried about their finances and job security during the financial crisis, experts have warned.Conmen are sending out so-called “phishing” emails purporting to be from struggling banks, and setting up fake CV websites, in order to lure web users into giving up personal information which can then be used for identity fraud.The looming recession is also leaving people more susceptible to internet get-rich quick scams, according to the report by McAfee, the online security experts. and China accused of harbouring cybercriminals
Russia and China are protecting gangs of criminals engaged in cybercrimes such as internet fraud, blackmail and money laundering, a study says today.The annual Virtual Criminology Report, which draws on interviews with senior staff at organisations such as the Serious Organised Crime Agency, the United Nations and the FBI, found that a number of countries were providing “political cover” for criminals against attempts at prosecution by other nations. law enforcement, bad economy fueling cybercrime
Cybercriminals operating worldwide are benefitting from ineffective law enforcement and a growing economic recession that could make jittery people more susceptible to cybercrime scams.So concludes security firm McAfee in its new report, “Virtual Criminology Report — Cybercrime vs. Cyberlaw.” published Tuesday. The report pulls together the opinions of about two dozen legal experts, academic researchers and security-response professionals working as far afield as Britain, continental Europe, the Baltic countries, Brazil, India, Japan, Australia, New Zealand and North America. Cybercrime is Winning the Battle Over Cyberlaw
Law enforcement agencies worldwide are losing the battle against cyber crime at a time when criminals are increasingly using the global economic downturn to make headway in recruiting more computers and computer users to further illegal online activities, a scathing new report from security vendor McAfee concludes.McAfee’s annual “Virtual Criminology Report” (PDF) notes that the number of compromised PCs used for blasting out spam and facilitating a host of online scams has quadrupled in the last quarter of 2008 alone, creating armies of spam “zombies” capable of flooding the Internet with more than 100 billion spam messages daily.

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