Cybercriminals need to be punished

Powered by SC Magazine
 

F-secure has re-ignited its push for the establishment of a global legislative authority that apprehends cyber thieves, claiming it’s the only way to stop them.

The call to action comes as F-Secure released its half year data report which predicts that in 2008 a total of 1.5 million samples of malicious software - which is three times more than in 2007 - will be detected.

Currently, F-Secure detects between 80,000 to 100,000 samples of malware per day compared to 25,000 a day at the beginning of the year.

In Sydney, Chia Wing Fei, security response manager at F-Secure Security Labs APAC said the company is working on developing smart new detections on top of heuristics and behavioural technologies but the growth is explosive, making things really tough.

As a result, F-Secure believes the obvious inefficiency of the international and national authorities in catching, prosecuting and sentencing Internet criminals is a problem that needs to be solved.

“The challenge we face is the challenge of catching those people. The lack of applicable legal framework [is apparent]; it could help,” he said.

A number of high profile arrests took place in 2008 including the arrest of New Zealand hacker, Owen Thor Walker, 18, who admitted taking down a US university's computer. However, he was allowed to walk after promising to use his skills for the good rather than bad.

“The bottom line today is that too few of the perpetrators get punished. As a result, we’re sending the wrong message to criminals: here is a way to make lots of money and you will never be caught or punished,” said Mikko Hyppönen, F-Secure’s chief research officer.

In October, Hyppönen called for the establishment of an Interpol type body to tackle online crime.

Joining, Fei, Graham Ingram, general manager of Australia’s security response team AusCERT, said the world needs a large deterrent. Something like, “A law enforcement agency with enough power to go offensively and find them.”

“Otherwise,” he said, “no matter what security experts do, the criminals always find a counter measure at an increased [sophisticated] level. “It’s an arms race,” he said.

For example, Ingram said a real problem AusCERT is seeing right now is a very precise targeting of corporate executives who coincidently happen to have high network access. “The spread of this is incredible,” he said. “There is even evidence that there are effects on the stock market manipulation,” he added.

Furthermore, according to Fei, the current economic climate cause trigger an even bigger surge in online crime as people continue to lose their jobs. He said: “Lack of employment especially in Brasil, China and Russian these people have families to feed so this is an option they may think about,” he warned.

Cybercriminals need to be punished
 
 
 
Top Stories
Earning the right to innovate
Breaking down the barriers to innovation is a long, but rewarding process, says Bank of Queensland Group CIO, Julie Bale.
 
A call for timely reporting
[Blog post] Businesses need incentives to keep customer data secure.
 
Doubts cast on Queensland's ICT Dashboard
Opposition, former Govt CIO say it can't be trusted.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
What is delaying adoption of public cloud in your organisation?







   |   View results
Lock-in concerns
  26%
 
Application integration concerns
  3%
 
Security and compliance concerns
  29%
 
Unreliable network infrastructure
  9%
 
Data sovereignty concerns
  23%
 
Lack of stakeholder support
  3%
 
Protecting on-premise IT jobs
  5%
 
Difficulty transitioning CapEx budget into OpEx
  3%
TOTAL VOTES: 830

Vote