Cybercriminals in Web 2.0 goldrush


Cybercriminals in Web 2.0 goldrush

Antony Savvas

Cybercriminals are not only using new technologies to propagate cybercrime, but are also turning to social engineering to snare victims.

According to Trend Micro's latest threat round-up and forecast report, the first six months of 2008 saw an upswing in web threats, but steady decreases in adware and spyware.

The tools and technologies used to create popular social networking sites have become a goldmine for cybercriminals, said Trend Micro.

In March, Trend Micro discovered that more than 400 phishing kits for generating phishing sites were targeting top Web 2.0 sites in the areas of social networking, video sharing and VoIP.

Recently, a new form of phishing e-mail warned about phishing e-mails before attempting to trick readers into clicking on a link that led to a fraudulent site.

Spammers are also recycling old techniques. In February, Trend Micro investigated a voice phishing ('vishing') attempt.

The voice message appeared convincing, with all links leading to legitimate target pages, but included a fraudulent phone number for recipients to call to reactivate their account, which had been supposedly placed on hold.

When they called the number, users were asked for their bank card number and Pin, unwittingly opening their bank accounts to the phishers.

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