15 December 2011

Cisco: Cyber criminals keen on mobile device, cloud hacking

Cisco’s annual security report reveals some of the areas where cyber criminals are increasingly investing their resources.

Cisco Security’s 2011 Annual Security Report reveals some of the biggest security trends of the year, but it also gives insights as to what kind of threats we should be more aware of as we enter 2012.

As Cisco reported in June, most cyber criminals are dropping producing mass spam in favor of more targeted attacks.

The latest report goes further to explain how spam volume has dropped geographically. The United States, for example, was the number one source for spam in 2010, but it has since dropped to ninth place.

Instead, India is now the top origin for spam, followed by Vietnam, Russia, South Korea, and Indonesia.

Nevertheless, even if spam is rising in certain countries, that doesn’t mean that spam is quite the same source of problems for Internet users as it was before. That’s partially because more companies have sought out help from law enforcement and security officials, and some major global companies have had success. For example, Yahoo just won $610 million in a judgment over spammers.

Yet, Cisco reports that cyber crime has evolved to a much more sophisticated level with organized crime rings focused on bigger scams. For example, a cyber criminal might be more likely to use a phishing scam now to literally fish around for the easiest way into a wealthier account.

Although it might be worrisome to many and provide quick justification to IT departments afraid of jumping into the cloud too quickly, mobile device and cloud infrastructure hacking are expected to be two of the biggest rising stars in cyber crime in 2012.

But the big targets are elsewhere, according to Cisco’s report, which identifies spyware/scareware, data theft Trojans, click/redirect fraud, and web exploits as the biggest cash cows in cyber crime to come.

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