TechnologyAccounting SoftwareMafia muscles in on spam and viruses

Mafia muscles in on spam and viruses

Organised crime is looking at how it can make money from spam and virus writing, which means attacks may become less common than now but more dangerous, according to a Russian antivirus expert.

Link: Viruses wreak havoc on business

As criminal gangs get involved, the ‘independents’ that currently dominate the spam and virus market will be squeezed out, reducing the total number of attacks.

Eugene Kaspersky, head of antivirus research and co-founder of Kaspersky, warned the latest MiMail worms were the first in a new type of attack aimed at deriving financial profit from viruses and malware.

Recent MiMail variants collected and forwarded PayPal account details to the worms’ creators.

‘The business of the mafia is business, and there could be a lot of money to be made from malware and spamming. As they consolidate control, the business of hacking and virus writing they will squeeze out independents. Spam will be an early target,’ he said.

And he added: ‘If you are a spammer or malware developer, sooner or later the mafia will come knocking on your door.’

Kasperksy said although overall virus attacks might decline, targeted viruses could be used to steal commercial valuable secrets or bring down networks.

To combat these threats a new set of internet protocols would need to be designed with security in mind, he said.

‘Spam is ripe for organised crime, as the majority of spam relates to the vice and drugs industry,’ said Professor Neil Barrett, technical director at Information Risk Management.

‘The only downside to that is that spam isn’t that effective as a marketing tactic so may not be a money-spinner. I’m not sure I agree on viruses, since they are untargeted and not very efficient.

‘But the capability to launch denial of service attacks for extortion fits perfectly with the mafia business model.’

Related Articles

Accountancy in the digital age: Flexibility, agility, efficiency

Accounting Software Accountancy in the digital age: Flexibility, agility, efficiency

2w Pegasus Software | Sponsored
Sage purchases Intacct in its largest ever acquisition

Accounting Software Sage purchases Intacct in its largest ever acquisition

5m Alia Shoaib, Reporter
5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
UK behind foreign markets in digital accounting, but gap is narrowing

Accounting Software UK behind foreign markets in digital accounting, but gap is narrowing

7m Alia Shoaib, Reporter
The rise of the progressive accountant

Accounting Software The rise of the progressive accountant

7m Emma Smith, Managing Editor
Making Tax Digital: Revolution or revolt?

Accounting Software Making Tax Digital: Revolution or revolt?

8m Emma Smith, Managing Editor
Making Tax Digital: Is HMRC’s recent system fault a cause for concern?

Accounting Software Making Tax Digital: Is HMRC’s recent system fault a cause for concern?

8m Emma Smith, Managing Editor
Four reasons why SME owners should switch to cloud accounting

Accounting Software Four reasons why SME owners should switch to cloud accounting

9m Emma Smith, Managing Editor