Friday, November 21, 2008

I was right!

Allen does the dance-of-I-was-right...

*ahem*

In my blog in July, I predicted that we would be seeing a perfect storm as cyber criminals start to see diminshing returns on PII (credit card info, mothers maiden names and the kind of things they have been going after up until now) and thus start looking at the business information that they have been ignoring.

According to usatoday, internet thieves are making big money stealing corporate info.

"Elite cybergangs can no longer make great money stealing and selling personal identity data. Thousands of small-time, copycat data thieves have oversaturated the market, driving prices to commodity levels. Credit card account numbers that once fetched $100 or more, for instance, can be had for $10 or less, says Gunter Ollmann, chief security strategist at IBM ISS, IBM's tech security division."
As I said in my original article - the only problem with this is the establishment of a market. The cyber-criminals have established a very viable underground trading system but they now need businessed to want to dip their toes in something that is highly illegal. It seems this is happening.

The scary thing is how much information is actually being pulled out of the organisation. The criminals are literally dumping everyone's My Documents directory with no real aim to a storage facility outside of the organisation and yet the companies are not aware of this.

My advice? Take measures now while the enemy are just getting established. How you manage to protect your employees' and customers' PII will determine how well you survive the next part of the battle - your company secrets.

Also, don't be tempted to get information on your competitors from shady people. They may just be doing the same thing to you.

PS1: (PII = personally identifiable information - anything that can be linked to a person and is usually stuff you don't want the public to know like your credit card details, address, salary, health, etc)

PS2: Thank you to TaoSecurity for the story. Read
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