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Update on the underground economy and making profit on the black market

Update on the underground economy and making profit on the black market. Wojciech Lapka CERN. Presentation plan. Main security threats in 2008 What’s for sale on black market? Value of advertised goods Malicious tools Software piracy Payment methods Security predictions for 2009

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Update on the underground economy and making profit on the black market

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  1. Update on the underground economy and making profit on the black market

    Wojciech Lapka CERN IT/GD Group Meeting, 05 February 2009
  2. Presentation plan Main security threats in 2008 What’s for sale on black market? Value of advertised goods Malicious tools Software piracy Payment methods Security predictions for 2009 Mitigation and protection Conclusion IT/GD Group Meeting, 05 February 2009
  3. Main security threats in 2008 Web infections 75% of websites with malicious code – legitimate sites that have been compromised. SPAM & phishing Phishing attacks – Cost: $2 billion in 2008 (only in the U.S.) Blog & social networking Scareware Cost: $3.6 billion in 2008 (only in the U.S.) Data breaches IT/GD Group Meeting, 05 February 2009
  4. What’s for sale on black market? IT/GD Group Meeting, 05 February 2009
  5. Value of advertised goods $276 million (July 2007 – June 2008) IT/GD Group Meeting, 05 February 2009
  6. Real value of advertised goods Credit cards – $5.3 bilion Bank accounts – $1.7 billion, average balance $40,000 IT/GD Group Meeting, 05 February 2009
  7. Malicious tools Attack tools SPAM and phishing tools Malicious code Exploits IT/GD Group Meeting, 05 February 2009
  8. Attack tools IT/GD Group Meeting, 05 February 2009
  9. Spam & phishing tools IT/GD Group Meeting, 05 February 2009
  10. Malicious code IT/GD Group Meeting, 05 February 2009
  11. Exploits IT/GD Group Meeting, 05 February 2009
  12. Software piracy Global loss for software companies: ~ $48 bilion (in 2007) IT/GD Group Meeting, 05 February 2009
  13. Payment systems Online currency accounts – 63% Service offered worldwide Some providers do not require proof of identity No government regulations. No requirement to monitor customers or transactions Trade of goods and services – 24% Direct exchange between buyer and seller. Online payment service – 9% Stolen credit cards Compromised online payment accounts Wire transfer service – 3% IT/GD Group Meeting, 05 February 2009
  14. Security predictions for 2009 Security Analysis Changes from Technical to Financial Prioritization Malware as a Service Scareware More legitimate website hacking Social networking spam Impact of financial crisis Mobile malware Hacking on virtual words IT/GD Group Meeting, 05 February 2009
  15. Protection and Mitigation Education – e.g. IT Security Podcasts: http://www.symantec.com/about/news/podcasts/ http://www.sophos.com/security/podcasts/ http://news.cnet.com/security-bites-podcast/ Education – Group Meeting Presentations Keep confidential information in secure place Ensure security of your software (especially Web Applications) Apply all security patches IT/GD Group Meeting, 05 February 2009
  16. Sources http://www.symantec.com/business/theme.jsp?themeid=threatreport http://www.sophos.com/sophos/docs/eng/marketing_material/sophos-security-threat-report-jan-2009-na.pdf http://www.consumerreports.org/cro/electronics-computers/computers-internet/internet-and-other-services/protect-yourself-online/overview/protect-yourself-online-ov.htm http://securitylabs.websense.com/content/Assets/WSL_Report_Web_1h08.pdf http://global.bsa.org/idcglobalstudy2007/studies/summaryfindings_globalstudy07.pdf IT/GD Group Meeting, 05 February 2009
  17. Conlusion “Hacking isn’t a kid’s game anymore. It’s a big business” Internet attacks organized and designed to steal information and resources Security (like safety) is our responsibility!!! IT/GD Group Meeting, 05 February 2009
  18. Questions? IT/GD Group Meeting, 05 February 2009
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