Friday, February 13, 2009

Recession, Will it increase the security threats in 2009?

Security Threat Predictions/Trends for 2009

I have been reading alot of articles and posts regarding predictions and security threats in 2009. As the recession continues and unemployment rises, we will see the top cybercrime trend for 2009 as the continued exploitation of the financial crisis to scam people with fake financial transactions services, bogus investment firms, and fraudulent legal services.

Main Threat Predictions/Trends for 2009:

• Threats on Social-Networking Sites. Cybercriminals no longer deliver threats only via spam. They are taking advantage of Facebook, MySpace, and other popular social-networking sites. In 2008, we have seen scammers already taking aid from these social networking websites. In 2009, we will see alot of progression in this area.

• Personalized Threats Speak Your Language. We will see alot of malwares originating from different countries in different languages, which will give hard job for malware researchers to perform reverse-engineering and understanding these threats. Cybercriminals have come to realize that by diversifying into a global market they can access even larger pools of valuable identity and confidential information.

• Malware Targets Consumer Devices. We will see increased attacks involving USB sticks and flash-memory devices used in cameras, picture frames, and other consumer electronics. This trend will continue due to the almost unregulated use of flash storage across enterprise environments as well as their popularity among consumers. Apple Iphone will remain in news among the security researchers.

• Security Software Scams. The malware underworld is using mainstream practices in an effort to “sell” security software that is either misleading or outright fraudulent. We will see vendors will use FUD to their maximum level.

• Abusing Free Web-Hosting/Blogging Services. Websites such as Geocities, Blogspot, and allow anyone to create a public website for free, without the authentication necessary when purchasing a domain-name website. This gives spammers the opportunity to run their underground business with minimal expense. Spam from do-it-yourself social-website-hosting providers arrives at its destination with far greater frequency than links pointing to domain names assigned by legitimate registrars. With little to no threat of punishment for their hosted content, and the new restrictions on short-term domain tasting, the attractiveness of free bandwidth offered by these sites will undoubtedly draw greater focus from malicious parties.

• More Targeted Phishing and Corporate Blackmailing. Botnets, a.k.a. zombie computers, that spread into corporate networks and financial datacenters will increasingly be used to gather sensitive information that can be used for blackmail or sold on the underground market.

• Browser-Based Attacks. Cybercriminals will increasingly attack via web browsers as they are the least-protected and, therefore, easiest way to transfer malware.

• Security Breaches of Confidential Data. Information that is managed by partner and subsidiary companies of bigger companies will be exposed more frequently, forcing an overhaul of data-security practices.

• An Increase in Localized Phishing Campaigns. Online scammers will increasingly target specific communities, especially on college campuses, where professional-looking emails claiming to be associated with the school’s financial or scholarship department will be blasted to all the students at the school. This is a significant danger to people who are just becoming responsible for their own finances.

• More Scams Involving Home Businesses. “Legitimate” home business scams generally involve either a pay-up-front and do-it-yourself kit, or a pay-to-play shell game of training and certification. We’ll see more of it on television, and the same infrastructure that supports diploma spam and confidence fraud will adjust to the new unemployment reality and will offer people some new bait on the old check-cashing scam.

• Increase in Forging and Abuse of Free Email Services. The free email services have started to allow accounts to send mails with arbitrary “from” addresses. This has increased the usability of these services significantly to businesses, but has also increased the “abusability” by spammers.

• McColo: The Effects of a Takedown. Spam traffic took a tremendous dive in volume when ISPs pulled the plug on spam host McColo Corp., the source of up to 60 percent of worldwide spam. In 2009, we expect to see a continued shift in organizations, from passive support of law enforcement to an active role of working collaboratively with ISPs and global Internet entities such as ICANN.

• New Businesses to Replace Lost McColo Hosting. Hosting companies will be set up in countries that are eager to embrace a burgeoning Internet market and will offer services to replace the disrupted command and control centers formerly hosted by McColo. These may be used as pawns by entities that perceive strategic value in sculpting the battlefield of the future.

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