With China’s economy cooling down, some of the country’s IT professionals are turning to cybercrime, according to a Beijing-based security expert. Speaking at the CanSecWest security conference last week, the CEO of Knownsec, a Beijing security company, said that while many Chinese workers may be feeling hard times, business is still booming in the country’s cybercrime industry.
Phishing expeditions business and personal data are rising to record levels, with fake anti-malware campaigns alone increasing by 225 percent in the last six months of 2008. Password-stealing Web sites jumped 827 percent IN 2008. The reason is the phishers are investing in automation. A new report from the Anti-Pjhshing Working Group (APWG) gives a sense of just how aggressive the phishers and malware makers are becoming in search of one’s business (and personal) data.