cybercrime

Five members of the online bank-theft gang caught by an international investigation called Operation Phish Phry face more than 30 years in prison in some case after being found guilty in federal court in Los Angeles.

Last year, malware became increasingly more common on popular and trusted domains, according to research released this week by security firm Blue Coat Systems. Migration to popular hacked sites with trusted reputations and acceptable-use category ratings was the primary theme for hosting malware delivery infrastructure, researchers claim.

The founder of an international taskforce, established to tackle child pornography distribution rings, has urged law enforcement authorities to focus on the crime, rather than the technology over which it was committed.

A new study of 45 U.S. organizations found that cybercrime -- including Web attacks, malicious code and rogue insiders -- costs each one of them $3.8 million per year, on average, and results in about one successful attack each week.

Cybercrime is big business... and you might be in it without knowing.

Not all cybercriminals are as incompetent as the guy who recently tried to hack an ATM in Texas. You can protect your company from more-capable crooks by taking some common-sense steps to improve security -- like changing your default passwords.