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Financially-motivated Web Crimes - New Threat for Gulf Region

The new research by Trend Micro, the leading Internet content security company, revealed that the development of new and sophisticated Web technologies has increased threat to the security of business.

Trend Micro, the security vendor, warned all the professional and average Internet users that to protect themselves from various cyber threats, they should follow best-practice net usage policy.

David Perry throws light on the fact that apart from the IT experts, the average human behavior is one of the biggest contributors in the development of the cyber threats, resulting in the exploitation of opportunity by criminals, as per reported by Trend Micro.

The security company states that during the holidays, more and more people visit the online shopping sites and this leads to almost quadruple increase in infection volumes as recorded between September and November 2007.

According to the news published on March 15, 2008 by Al Bawaba.com, Trend Micro's Chief Technology Officer of Anti-Malware, Raimund Genes, said that the famous Websites like banking sites, search engines, blogs and social networking sites are becoming one of the most wanted infection vector as they are mostly used by the Web criminals for gathering the information of the victims to commit crime. They even use these sites for stealing identities.

The Managing Director of Trend Micro, Middle East, and Security Expert, said that the legitimate sites, which have been hacked, are outnumbering the sites made by the criminals. He suggested all the Middle East companies that for public security and their own protection they should create a fully protected public face of the websites.

The worst emerging cyber threat is botnet, as stated by Trend Micro. It can be detected mostly in personal computers which are controlled by an unauthorized entity. These botnets result in almost 80% of world's unwanted e-mails (spam). They also generate click-fraud of worth one billion dollar (Dh 3.67 Billion) per year.

In the third week of February 2008, Trend Micro's Global Director of Education, David Perry, said that relevant action should be taken against the botnets as the Gulf countries are not ready to handle the latest threats.

Related article: Finjan Brings Out Report on Web Malware

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