PandaLabs Uncovers Alarming Statistics on Cyber-Crime Black Market

January 22, 2011 · Filed Under Security Software, Software News · Comment 

PandaLabs discovered a vast network selling stolen bank details along with other types of products in forums and more than 50 dedicated online stores. This is a rapidly growing industry and cyber-criminals are aiding and abetting each other’s efforts to steal personal information for financial profit. After posing as a cyber-criminal to infiltrate the network, PandaLabs made some alarming discoveries which are available in the full report here: http://press.pandasecurity.com/usa/press-room/panda-white-paper/.

The cyber-crime black market, which has traditionally centered on distributing bank and credit card details stolen from users around the world, diversified its business model in 2010, and now sells a much broader range of hacked confidential information including bank credentials, log-ins, passwords, fake credit cards and more. But as openly available as this information is, PandaLabs discovered that it can only be accessed by personally contacting the hackers who are promoting their information for sale on forums and in chat rooms.

Making the Sale

By having access to bank credentials, criminals can easily defraud any bank or credit card account long before the hack is discovered. Alarmingly, this data can be purchased for as little as $2 per card, but this level does not provide additional information or verification of the account balance available. If the buyer wants a guarantee for the available credit line or bank balance, the price increases to $80 for smaller bank balances and upwards of $700 to access accounts with a guaranteed balance of $82,000. Read more

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Rise in cyber crime, cyber terrorism and cyber espionage tied heavily to data-stealing malware

June 30, 2009 · Filed Under Security Software, Software News · 1 Comment 

In its first Focus Report, Trend Micro examines the growth of data-stealing malware, its characteristics and its roots in the underground cyber crime economy.

While the term “data-stealing malware” is a relatively new one, its sole purpose for existence is a familiar story: To steal proprietary information such as online banking credentials, credit card numbers, social security numbers, passwords, and more from compromised networks and PCs in order to fuel an underground cyber crime economy driven by profit-seeking criminal networks that cross geopolitical boundaries.

Trojans: The Rising Star in Data-Stealing

Trojans are the fastest growing category of data-stealing malware, according to data from TrendLabs(SM), Trend Micro’s global network of research, service, and support centers committed to constant threat surveillance and attack prevention. Trojan attacks pose a serious threat to computer security. True to their name, they typically arrive disguised as something benign such as a screen saver, game, or joke. Based on TrendLabs research:

  • In 2007, 52 percent of data-stealing malware were Trojans; in 2008, that number increased to 87 percent; as of Q1 2009, 93 percent of data-stealing malware were Trojans.
  • Trojans and Trojan spyware are the predominant type of data-stealing malware in all regions monitored by TrendLabs, including Australia, Asia, Africa, South America, North America and Europe.

“As a threat category, data-stealing malware is experiencing tremendous growth because it serves the needs of financially motivated criminals who leverage the Internet for what it does best – provides valuable information,” said Jamz Yaneza, threat research manager for Trend Micro.

The Politics of Transnational Cyber Crime

Politics and cyber crime have finally intersected in news headlines; understandably so: In the U.S. alone, the number of known breaches of government computers with malware more than doubled between 2006 and 2008, according to the Department of Homeland Security.(i)

And, says Trend Micro advanced threat researcher Paul Ferguson, it is even possible that cyber terrorists may have already planted malware within the U.S. electrical grid that would allow them to remotely disrupt service.

Cyber crime has gained significant international mobility. In 2007, Estonian computer networks were crippled when serious distributed denial of service (DDoS) attacks against government and civilian sites were reputedly linked back to Russian operatives. At the time, Russia and Estonia were involved in a dispute over the Estonians’ removal of a Soviet war memorial. The French Embassy’s web site in Beijing was inaccessible for several days after a full-scale cyber attack following President Nicolas Sarkozy’s meeting with Tibetan spiritual leader, the Dalai Lama. Experts now widely believe instead that a Chinese hacking group staged the attack for nationalistic purposes.

“Virtually anyone with a computer and Internet access can wreak havoc. In the U.S., hacker attacks have been documented on county or state government sites,” said Ferguson. “Smaller organizations have a limited IT budget and few IT staff so they hire a third party to build a web site. Over time, the site fails to be maintained or upgraded, exposing vulnerabilities that hacktivists then leverage to express political views.”

Cyber espionage is also grabbing headlines. Every year, corporations suffer billions of dollars in intellectual property losses when trade secrets are illegally copied and sold to competitors on the black market for profit, or used for extortion. Business networks all over the world provide the perfect medium for cybercriminals capable of breaching their defenses.

“Cybercriminals are using malware for financial gain and for geopolitical purposes,” said Ferguson. “We have even seen data-stealing malware attacks against U.S. defense contractors – believed to be Chinese – launched to steal confidential trade secrets. However, it’s hard to connect the dots back to the people really pulling the strings because of the anonymous nature of the Internet.”

Traditional Security is no Longer a Match for Cyber Criminals

For years, security protections have been focused on protecting the endpoints – where most people access data. In today’s multi-threat environment, a new strategy is needed. The Trend Micro(TM) Smart Protection Network enables a multilayered threat prevention approach that is built upon the concept of proactively blocking data-stealing malware in the Internet cloud before they can infiltrate a network.

A correlated approach is used to address the tendency for cybercriminals today to launch multi-pronged, combined attacks composed of a number of different Web threats. Using correlation technology and behavioral analysis, the Smart Protection Network correlates combinations of threat activities to evaluate their potential for danger. It analyzes email, embedded links, file attachments, and hosted web files to identify new IPs, domains, URLs, and files that can be instantly added to reputation databases to quickly block new threats.

By examining the relationships between and across different components, the Smart Protection Network provides a realistic view of potential threats to deliver a holistic, comprehensive view of the threat landscape.

Data Protection Pack for “Insider” Threats

A company’s greatest asset – their employees – can also be their greatest security liability, especially by those who have access to data within a corporate network. Trend Micro offers solutions not just for external threats, but internal threats as well. The Data Protection Pack bundles together Trend Micro(TM) LeakProof Standard, Trend Micro(TM) Email Encryption Gateway and Trend Micro(TM) Message Archiver. The Data Protection Pack secures email and prevents the loss of sensitive data in use, in motion and at rest; it is available for Trend Micro(TM) NeatSuite Advanced and Client Server Messaging customers.

To read the full Data-Stealing Malware Focus Report, visit: http://us.trendmicro.com/imperia/md/content/us/pdf/threats/securitylibrary/dat a_stealing_malware_focus_report_-_june_2009.pdf

(i) Paul Haven, “Cyber-Spy vs. Cyber-Spy,” TechNewsWorld.com, April 12, 2009, http://www.technewsworld.com/story/viruses-malware/66782.html?wlc=1241718857

Source: Trend Micro

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