Rapidly evolving security attack trends

On Monday, Counterpane Internet Security and MessageLabs released their 2005 Attack Trends & Analysis report, which analyzes security attacks across 15 industry sectors and discusses how these attacks affect organizations and outlines the extent of potential damages.

"In just 12 months, cyber-criminals have moved away from deploying large-scale generalized attacks, like Blaster and Slammer, towards carefully engineered attacks calculated for precise outcomes," says Bruce Schneier, founder and CTO of Counterpane. This approach is epitomized by 2005's epidemic of identity theft and financial fraud. Today's attackers are smarter and stealthier. They're much more likely to install spyware; they're more interested in making money. These attackers will continue to exploit enterprise networks for their own purposes, and it is essential that organizations keep their security vigilant to counter these threats."

The two security firms estimate some malware with a modest infection rate could cost a small company $83,000 a year--and may cost a large company $1 million or more. These are direct losses, they add. Application Development Trends - Rapidly evolving security attack trends

Linked by shanmuga Tuesday, 14th March 2006 12:07AM