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Cyber-crooks sting South Africa for £13m
A cyber-crime syndicate is believed to have defrauded the South African government of more than £12.8m in a series of spyware frauds.
The fraud went undetected for three years.
The fraudsters appeared to use a sophisticated combination of attacks that consisted of a physical device and a malware component, as witnessed by the fact they have been getting away with their crimes for nigh on three years, according to Tier-3.
Geoff Sweeney, chief technology officer at IT security vendor Tier-3, warned that, in common with more sophisticated IT security attacks, frauds of this nature are very difficult to stop using a traditional single line of defence.
"Companies need to rethink their strategy in the light of the increasing sophistication on the part of the fraudsters," he said.
June 12, 2008 | Permalink
They should consider installing multiple layers of defence, including behavioural analysis technology which can look for abnormal patterns of hardware change or network behaviour such as those that may have been used in this attack
Posted by :Self Install Home Security | June 20, 2008 10:43 PM