About Us | Contact Us
View Cart

Cybercrime Syndicates Shelling Out Big Bucks For New Scams

By Vigilize | Wednesday, May 14, 2014 - One Comment

Malware developers receive plenty of incentive from organized crime leaders.

European security sources have revealed a global crime syndicate leader is offering up a Ferrari to whichever of his associates comes up with the best scam. The offer was presented on a professionally produced video tucked away in a dark crevice of the internet. The video is now the subject of an investigation by the European Cybercrime Centre (EC3). This just goes to show the lengths to which crime syndicates will go in order to recruit young talented hackers. There are juicy rewards waiting for hackers who develop risk-free remote controlled malware.

“In real cybercrime, [we’re going after] the people who develop and distribute the malware. We are trying to find them and identify them. It’s like cutting the snake’s head off. But there are a lot of heads, and they grow back very quickly,” stated head of EC3 Troels Oerting.

“Organised crime has not just embraced this but integrated cybercrime into its business.”


Original article by Paul Peachey. Read the full story here.


We don’t usually post articles that do not have a direct impact on our Client’s existing risk structure; and this article is a bit on the fringe of that. However, this article highlight’s one of the systemic causes of cybercrime . . . . the bad guys are making lots more than the good guys. If we can find a way to undermine that, we can lower risk. Unfortunately, affecting motivation is not as easy in the world of information security, and requires an approach much greater than the sum of the parts!

Meanwhile, we want to make sure our Clients realize that they may become the targets of highly sophisticated, focused attacks. The goal of these contests is to find new ways to break through our existing layers of security, and thus we must be constantly working a continuous improvement process. If you have one layer of AVS, consider a second. If you have IPS, consider IDS. If you have an Incident Response Team, train and test them. We MUST stay ahead of the bad guys, even if . . . . no, because . . . . we make less money than them!

Which brings us to the last reason we post this article review, which is that we are proud to work with professionals who care not as much about money, but about the integrity of the person looking back at them, when their laptop screen becomes a mirror in the wee hours of the morning.

Dan


One Response to “Cybercrime Syndicates Shelling Out Big Bucks For New Scams”

Comment from Larry Turner
Time 05/14/2014 at 2:05 pm

Right on…….. It is good for the banks tech employees to know what is happening out Side of the banks invironment.
I am certainly comfortable knowing the guys at my bank, where my money is, are associates of Infotex.
Keep up the good work and stay on target……
Larry

Latest News
    from Dan’s New Role . . . And note the date! Another one of those Dan’s New Leaf Posts, meant to inspire thought about IT Governance . . . . Once again, I am turning over a new leaf.  Those who have not been following this blog for its full fourteen-year history might not realize […]
    Top Seven Risks . . . that small bank Information Security Officers face in 2023! When we present audit reports to boards of directors, we also talk to the board about the top risks the institution is facing. Since 2006, we have been compiling a list of the “top seven risks small institutions are facing,” in […]
    Another awareness poster for YOUR customers (and users). Now that we have our own employees aware, maybe it’s time to start posting content for our customers! Check out posters.infotex.com for the whole collection! Download the large versions here: Awareness Poster (Portrait) Awareness Poster (Landscape) You are welcome to print out and distribute this around your […]
    The new plan calls for technology providers, and not end users, to be responsible for security… An article review.  Following multiple high profile cybersecurity incidents in 2021 and 2022 the Biden Administration recently announced new long-term goals for the nation’s cybersecurity, and under the new plan companies that provide technology would carry more of the […]
    R7: 2023’s Top Seven Technology Risks Webinar-Video What are the top seven risks your board should know about in 2023? Since 2006, Dan has been compiling a list of the “top seven risks small institutions are facing,” in preparation for his board presentations. This webinar will present the 2023 list in a manner that you […]
    A new way of helping people “read” new guidance… Look for more in the future! To save you time, we are proud to present “Adam Reads” . . . recorded versions of our Guidance Summaries! Below you can find an embedded player for the audio file. If you are having issues with that working, you […]
    Times they are a-changin’ . . . The infotex website is being updated. You read that right! We are in the process of updating our website from the circa 2013 version we have had for far too long. As the Digital Media Manager for infotex this excites me greatly and I look forward to the […]
    A new Team member’s first article! In today’s news cycle, it is difficult to miss all the fuss about AI, or more specifically, ChatGPT. So many differing opinions on the matter can make it hard to decipher what the future looks like. Few people think AI is a gimmick, but not many know the possibilities […]
    A draft version of the new framework may be available as early as this summer… An article review. As the cybersecurity landscape is constantly evolving, the tools we use to address risk need to evolve as well–and by this summer we should be getting our first look at planned changes to the NIST cybersecurity framework.  […]
    Another awareness poster for YOUR customers (and users).  Now that we have our own employees aware, maybe it’s time to start posting content for our customers! Check out posters.infotex.com for the whole collection! Download the large versions here: Awareness Poster (Portrait) Awareness Poster (Landscape) You are welcome to print out and distribute this around your […]