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 Thursday, October 18, 2007

A paper on wealth of Internet miscreants, "An Inquiry into the Nature and Causes of the Wealth of Internet Miscreants," is available online on the ICSI Center for Internet Research website. The paper discusses "an active underground economy which specializes in the commoditization of activities such as credit card fraud, identity theft, spamming, phishing, online credential theft, and the sale of compromised hosts. Using a seven month trace of logs collected from an active underground market operating on public Internet chat networks, [the researchers] measure how the shift from “hacking for fun” to “hacking for profit” has given birth to a societal substrate mature enough to steal wealth into the millions of dollars in less than one year."

To access the paper, click here.