About My Health Careers Internship MedBlogs Contact us
Medindia LOGIN REGISTER
Advertisement

Cyber Crimes on the Rise: FBI

by Rajashri on October 20, 2008 at 2:46 PM
Font : A-A+

 Cyber Crimes on the Rise: FBI

Citizens and nations alike have increasingly become victim to cyber crime in the past year, the FBI (Federal Bureau of Investigation) has warned. These crimes have cost tens of millions of dollars and are threatening US security.

According to a report in New Scientist, FBI assistant director Shawn Henry said that as many as two dozen countries have taken an "aggressive interest" in penetrating the networks of US companies and government agencies.

Advertisement

US intelligence agencies have previously voiced concern that Russia and China have the ability to electronically spy on the US and disrupt computer networks.

Henry also said that organized crime groups are drawn by the ease of reaching millions of potential victims.

Cyber attacks are climbing the list of worries for foreign policy officials all over the globe.
Advertisement

In August, Georgia accused Moscow of conducting "cyber warfare" against its government sites, at the same time as Russian troops began a conventional attack.

US federal agents are working with foreign counterparts where the rising wave of computer attacks has awakened international interest, according to Henry.

NATO established a "cyber defence" centre in Estonia earlier this year, a country brought to its knees by internet-based attacks in 2007.

"Over the past year, the malicious activity has become much more prevalent," Henry said. "The threat continues to increase," he added.

Earlier this year, an Organisation for Economic Co-operation and Development report said that international cooperation must be stepped up to head off the economic and security consequences of cyber crime.

According to Henry, Botnets, networks of computers controlled remotely by hackers without their owners realising, are growing in popularity with criminals. They can be used to bring down systems connected to the internet, or to steal information.

Around one in four US personal computers are part of a botnet.

"Spearfishing," when hackers get a copy of a company's email list, then send out official-looking requests for employee personal information, has also been a growing problem.

Henry said that computer crime has even invaded Wall Street.

Some investment companies have lost tens of millions of dollars through "pump and dump" schemes in which criminals achieved control of multiple client accounts.

The accounts are used in concert to run up the price of low-liquidity stocks. Others then make a large profit when they sell, "dump" shares bought at the earlier, low price.

Source: ANI
RAS/SK
Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Advertisement
News Category
What's New on Medindia
Turmeric: Magic Ingredient to Keep you Healthy in Winter
Top 7 Benefits of Good Oral Hygiene
Healthy and Safer Thanksgiving 2021
View all

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.


Recommended Reading
DNA Finger Printing
DNA fingerprinting is a technique which helps forensic scientists and legal experts solve crimes, .....
Cyber-criminals’ Next Target Will be Mobile Handsets: Report
U.S. experts are urging cell phone users to exercise the same caution with their mobiles that they ....
Videogames Do Not Turn Boys into Criminals
Playing violent videogames do not turn young boys into criminal or violent people say ......

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment. Full Disclaimer

© All Rights Reserved 1997 - 2021

This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use