Catching cyber-thieves: the future of net scams

To catch a cyber-thief
Attacks, hijackings and drive-bys are becoming so common that the online world is basically a version of Grand Theft Auto with more realistic porn

A few years ago, me and my friends had an ongoing joke. When a movie franchise had run out of ideas, it would try and contemporise itself with the following plotline: "CYBERTERRORISTS take over THE INTERNET, and THE HERO has to GO INTO THE INTERNET and KILL THE CYBER-TERRORISTS."

We decided it was going to form the story for the next pre-Craig James Bond adventure, or the next Bourne film, or even Jaws 5: Sharks on the Internet.

CYBERWAR: F-Secure's Chief Research Officer, Mikko Hyppönen

The threat to online banking gets even worse with a new scam in Brazil, as Hyppönen says: "You go to Banco Bradesco – the largest bank in Brazil – and [the virus] waits for you to login. So you give your authentication, and you're now logged in. It then shows you a fake page, which is very well designed.

It tells you that there is a special promotion, running for this week only, which lets you open a new special investment fund, which gives you interest of 3.9 per cent a year, which is plausible. It also says that all the users who sign up with at least €1,000 today will receive a free Nintendo Wii. And you can invest your money in this account by moving money from your account to this account number. It's a good deal, you get a nice return, and you get a free Wii."

Where do these new scams and viruses come from? It's a complex system that parallels the traditional legal software development process. One guy devises a scam, another designs the virus to do it, and he then sells it on to criminals who implement it in the real world. After all, designing a virus is completely legal, but then going on to use it to generate cash is very illegal.

TOPICS