'Celestial alignment' creating cybercrime haven

'Celestial alignment' creating cybercrime haven

Summary: Three distinct elements are in alignment today for cybercriminals to thrive, says RSA's head of new technologies

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TOPICS: Security
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The availability of high-grade Trojans, simple but easily executed distribution techniques and a troubled global economy are three elements in "celestial alignment" today to create a cybercrime haven, according to Uri Rivner, head of new technologies at RSA, the security division of EMC.

Speaking on Wednesday in a presentation at the RSA Conference, he noted that security practitioners need to view the fraud environment as an "ecosystem" where cybercriminals are competing against each other in their respective specialities, rather than as individual entities.

According to Rivner, online and e-commerce fraud amounted to $200m (£130m) losses for affected business and individuals in the UK alone. In comparison, credit-card fraud losses, which he described as the predecessor of online fraud, amounts to $1.5bn in the same country.

For more on this story, see 'Celestial alignment' for ideal cybercrime world on ZDNet Asia.

Topic: Security

Kevin Kwang

About Kevin Kwang

A Singapore-based freelance IT writer, Kevin made the move from custom publishing focusing on travel and lifestyle to the ever-changing, jargon-filled world of IT and biz tech reporting, and considered this somewhat a leap of faith. Since then, he has covered a myriad of beats including security, mobile communications, and cloud computing.

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