Cybercriminals are capitalizing on swine-flu fears by pitching sales of fake Tamiflu, security firm Sophos said.
Networks of fraudsters use spam and malware to direct Web traffic to phony pharmaceutical sites, wrote Graham Cluley, a technology consultant for Sophos.
EBay’s PayPal kicked off the Web 2.0 Expo in San Francisco Wednesday with a frightening presentation on the “arms race” between online fraudsters and online retailers and shoppers.
Online fraud is becoming so lucrative, said Katherine Hutchison, PayPal’s senior director of global risk management, that it has developed into an industry with specialized players that hire each other in areas such as harvesting credit card numbers and freight forwarding. “A single professional thief doesn’t have to have all of the skills needed to commit fraud,” she said.
Here’s the latest sign that businesses are losing the tech security fight: The bad guys are starting to steal from one another.
That could sound like a good thing–better that hackers and other cyber criminals squabble amongst themselves than attack innocent businesses and consumers–but it really isn’t.
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