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McAfee Report Warns of a Thriving Cybercrime Industry Featured Image

McAfee Report Warns of a Thriving Cybercrime Industry

by: Bryon Turcotte  /  March 13, 2014

The security firm McAfee Labs has recently released their fourth quarter "threat report_" which clearly warns of a "_burgeoning cybercrime industry_" and how it functions as the supplier of "_malicious code\, "misuses "_legitimate code-signing certificates_, "and is specifically responsible for numerous additional infractions, according to an_ article published on the Web Hosting Industry Review website. The McAfee report clearly states, according to the article, "_how the cybercrime industry is providing the malware that seems to be behind high-profile attacks."

The article indicates that victimized retailers such as Neiman Marcus, White Lodging, and Michaels Stores are a small group of many that "seem to have been victims of off-the-shelf point-of-sale malware in 2013." These attacks open the door for invaders to "_sell stolen credit card information on the online black market_" where there are approximately "_360 million stolen sets of personal credentials and 1.25 billion email addresses_" available for purchase as well, according to the article. The security firm's report states that "_enabling and monetizing the results of these attacks_" has been a "_key role_" for the cybercrime industry to play in their criminal games, according to the article.

According to the WHIR article, "the McAfee Labs malware zoo_" – a company archive of "_unique malware samples_" – grew to approximately 196 million examples which calculate to a 15 percent increase. Unfortunately, as the article continues to state, "_the number and variety of attacks in the wild seem to be growing." The firm's researchers also found that "compromised devices_" have proven "_profound business security implications_" since many people are allowed by many organizations to "_bring their own devices to work and connect to their networks."

Read more about McAfee's report in the full article and what this damaging "industry of cybercrime" has affected over the past months and will do in the future.

Written by Bryon Turcotte  /  March 13, 2014