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Cybercrooks improvise to fuel underground economy

April 21, 2010 14:34 IST

CybercrimeSymantec Corporation released on Wednesday its new Internet Security Threat Report volume XV.

The report highlights key trends in cybercrime from January1, 2009 to December 31, 2009.

Criminals from the Internet's underground economy aren't just content to steal hard-earned money from ordinary users, they are increasingly focusing their efforts on high-end crime.

Symantec's Internet Security Threat Report reveals continued growth in both the volume and sophistication of cybercrime attacks.

"Attackers have evolved from simple scams to highly sophisticated and focused campaigns," said Vishal Dhupar, managing director, Symantec, India.

"The scale of these attacks and the fact that they originate from across the world, makes this a truly international problem requiring global cooperation."

Notable trends highlighted in this year's report include:

The report found that attackers are leveraging the abundance of personal information openly available on social networking sites to synthesize socially engineered attacks on key individuals within targeted companies.

These Web sites then attack the victim's Web browser and vulnerable plug-ins normally used to view video or document files.

This is a significant increase from the previous reporting period, when India accounted for less than one per cent of Web-based attacks in the region.

Globally in 2009, India ranked seventh with three percent of the worldwide total.

Stolen credit card information can be quickly and easily used to purchase goods online where relatively minimal card information is required to authorise transactions.