McAfee looks back on a decade of cybercrime
With a new onslaught of e-commerce sites and revenue opportunities, the Internet has become a treasure trove of money and information that has proven irresistible to cybercrooks, says Andrea van der Westhuizen, McAfee PM at AxizWorkgroup. Johannesburg.
"The latest report from McAfee 'A Good Decade for Cybercrime'** examines the past 10 years of cybercriminal tactics and online threats, an era that dramatically changed the face of crime."
Snapshot of a decade
Top exploits representing different eras of cybercrime:
1. "I LOVE YOU" worm's false affection: Estimated damage US$15-billion***
The I Love You worm proved irresistible in 2000 as millions of users opened the spam message and downloaded the attached "love letter" file and a bitter virus. This infamous worm cost companies and government agencies billions to shut down their computers and remove the infection.
2. MyDoom's mass infection: Estimated damage US$38 billion
This fast-moving worm first struck in 2004 and tops McAfee's list in terms of monetary damage. Due to all the spam it sent, it slowed down global Internet access by 10% and reduced access to some web sites by 50% causing billions in lost productivity and online sales.
3. Conficker's stealthy destruction: Estimated damage US$9.1 billion.
This 2007 worm infected millions of computers and then took its infections further than the last two worms on the list, as cybercrooks moved from notoriety to professionalism. Conficker was designed to download and install malware from sites controlled by the virus writers.
"Top scams included the selling of fake antivirus software, phishing and the creation of fake web sites including fake bank, auction and e-commerce sites," says Van der Westhuizen.
Looking ahead, McAfee Labs predicts the continuation of social networking scams and tricks, such as malicious links, phoney friend requests and phishing attempts. The scams are likely to get more sophisticated and personalised, especially if users continue to share a great deal of information.
*http://www.internetworldstats.com/stats.htm
***Exchange rate at time of posting: US$1=R6.70.
