The threat from cybercrime? 'You ain't seen nothing yet'

[InfoSec News <alerts () infosecnews org>]

http://www.cnbc.com/id/100959481

By: Holly Ellyatt
Assistant Producer
CNBC.com
13 Aug 2013

Combating cyber-crime will become an uphill struggle, with the tools 
needed to commit technological crimes readily available to anyone armed 
with a computer and a few dollars, experts told CNBC.

According to numbers collated by the Center for Strategic and 
International Studies, the United Nations Office on Drugs and Crime and 
antivirus firm Norton, cyber-crime is worth around $400 billion annually. 
Cyber-crime can range from data mining and individual fraud, to industrial 
and state-sponsored espionage. Worryingly, "cyber-crime as-a-service" is 
also a growing phenomenon, where anyone can buy hacking or malware 
software online.

"Now, everybody can be a hacker," Troels Oerting, head of the European 
Cybercrime Centre, told CNBC on Tuesday. "You don't need to be tech-savvy 
or to have a special education, you can simply just download a 
program…With the increasing number of people on the internet – which is 
set to reach 4 billion in a short amount of time – we will see much, much 
more crime and it will be facilitated by these cybercrime-as-a-service 
producers."

The cyber security market is worth around $60 billion a year and is 
growing around 8 percent a year as more people try to combat cyber-crime. 
However, Raj Samani, the chief technology officer of McAfee EMEA, agreed 
with Oerting that the rapid evolution and commodification of cybercrime 
meant that it still posed a great threat.

[...]

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