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Monday, September 20, 2004

Hackers costing enterprises billions

Hackers continued adding billions to the cost of doing business on the Internet in the first half of 2004, despite security executives’ efforts to prevent malicious attacks.

Motivated increasingly by money, the hackers are amassing legions of unwitting bot computers for distributed denial-of-service (DDoS) attacks.

They are also exploiting Web applications and mobile devices to steal identities through e-commerce scams, including phishing.

These are some of the worrisome conclusions drawn by the Cupertino, Calif.-based security vendor Symantec Corp. in its semi-annual Internet Security Threat Report released today.

“We’re no longer talking strictly about the male teenager with the low moral compass, or the hactivist, who defaces sites or uses malicious code or worms against those on one side in a political conflict,” said Vincent Weafer, senior director of Symantec Security Response.

The daily volume of Internet-based worm attacks decreased in the first half of the year, according to Symantec.

http://searchsecurity.techtarget.com/originalContent/0,289142,sid14_gci1007181,00.html

Posted on 09/20
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