The bad guys pwn the Internet

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“Be afraid. Be very afraid. Online criminals are after your personal data. They’re smart. They’re professional. They’re efficient. Meanwhile, those guarding your data are overloaded, under-coordinated and, often, under-trained.”

That’s how I started a piece in Crikey on Tuesday, written after the general manager of AusCERT had given his scary presentation.

UK banks are now seeing criminals correlating data captured from different malware runs, compiling detailed personal profiles. That information is then used to target specific individuals in corporations with an email that looks so legitimate they can’t help but click through  – targeting, say the CFO who knows about planned company mergers or the discover of a new oil field. The aim? Advantage on the stock market.

The article is free to read, so off you go!

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