Cyber crime threat intensifying in PH says anti-virus firm

Cyber crime groups have teamed up to create more malicious, hard-to-detect threats on the Web according to global anti-virus firm Trend Micro.

Manila Bulletin quoted Trend Micro senior threat researcher Nart Villeneuve as saying, "The lifeblood of cyber crime is theft, and the Philippines is an emerging market in online banking and purchasing. With the boom of BPO and medical tourism, cyber crime will follow the money here."

According to the report published yesterday, cyber crime groups use botnets, computers that transmit spam and viruses via the Internet to other computers without their owners knowing about it. The botnets can steal credentials, credit card details and other sensitive information. They can also carry out the pay-per-install and pay-per-click schemes.

Cyber criminals can utilize search engines like Google and social networking sites such as Facebook and Twitter, reports Manila Bulletin. Clicking on supposed news stories can also lead to downloading bogus anti-virus software that are actually malicious applications.

According to Trend Micro, some of the new partnerships discovered so far include ZeuS-SpyEye, Dogma-Koobface and Koobface-BeeCoin.

For more on this story, log onto Manila Bulletin.

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