Malicious hackers in it for the money

Tuesday, 27 January 2004, 1:56 PM EST

The past two years have seen a key shift in malicious hacking threats, according to Barry Greene, a senior consultant at networking gear-maker Cisco Systems Inc.

"A majority of attacks these days are all done for profit, and most of these perpetrators don’t get caught because they are professionals," he said.

According to Greene, some hackers in the United States earn between RM450,000 and RM750,000 a year by breaking into computer systems.

Others work with a "barter trade" system, where deeds or "assets" such as login accounts for compromised servers and stolen credit card details are exchanged within the hacker community.

By Ravind Ramesh at TechCentral.

[ Read more ]




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