Even Scammers Are Affected By Credit CrisisWritten by Sue Walsh on October 24, 2008
Security experts say that the current financial crisis even has scammers worried. The recent rollercoaster on Wall Street has cybercriminals scrambling to find other sources of income believing their pool of targets is shrinking. Instead of going after banking information, passwords and credit card numbers, new spam campaigns are focusing on tricking people into purchasing fake antivirus programs and downloading ransomware.
This new kind of scam brings the average cybercriminal over $10 million a month. Researchers have found a definite relationship between the economy and cybercrime. Stock market declines and other economic crisis almost always result in a surge in scams and spam. That’s bad news for all of us if the current economic forecast continues to worsen. Already new campaigns exploiting Citizen’s Bank, the 2012 Olympics and the Better Business Bureau have been detected, and despite the recent suit filed against the makers of the infamous and much hated “Antivirus XP” malware, similar rogue programs continue to be distributed via spam and popups. Researchers and security experts expect this trend to continue for the foreseeable future.