Russian criminals prefer Australian banks

Russian criminals prefer Australian banks

Summary: Russian criminals prefer targeting Australian banks over their American or European counterparts, according to an expert on cybercrime in the Former Soviet Union.

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Russian criminals prefer targeting Australian banks over their American or European counterparts, according to an expert on cybercrime in the Former Soviet Union.

Kimberly Zenz, a threat expert for iDefence intelligence services, who was presenting at the AusCERT 2008 security conference, told ZDNet.com.au that because Australia has very few banks relative to the population, criminals find it easier targeting their malware or phishing attacks.

"Australia is, unfortunately, a little too attractive [to criminals]," said Zenz.

Zenz added that, in 2006, the Russian government published a press release that valued the damage caused by Russian hackers in a year at more than US$1.6 billion.

Topics: Security, Government AU, Malware, AUSCERT

Munir Kotadia

About Munir Kotadia

Munir first became involved with online publishing in 1998 when he joined ZDNet UK and later moved into print publishing as Chief Reporter for IT Week, part of ZDNet UK, a weekly trade newspaper targeted at Enterprise IT managers. He later moved back into online publishing as Senior News Reporter for ZDNet UK.

Munir was recognised as Australia's Best Technology Columnist at the 5th Annual Sun Microsystems IT Journalism Awards 2007. In the previous year he was named Best News Journalist at the Consensus IT Writers Awards.

He no longer uses his Commodore 64.

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