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Cyber crooks targets banks, social networks

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Mulligan

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Cyber crooks targets banks, social networks
« on: December 09, 2009, 02:17:56 PM »

The danger of online social networking.

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Agence France-Presse
First Posted 14:52:00 12/08/2009

Filed Under: Internet, Crime, Technology (general)

SAN FRANCISCO—An annual security report released Tuesday by technology titan Cisco warns that banks and online social networks are prime targets for increasingly sophisticated cyber crooks.

"Criminals have been taking note of the large crowds in social-networking sites. They steal them with various techniques," said Cisco security researcher Scott Olechowski.

Tactics used to get into social-networking profiles include hacking password databases at vulnerable online services and then exploiting the fact that many people use one password for multiple accounts.

Cisco estimates that a Koobface computer worm, named as a play on social networking hot spot "Facebook," has infected more than three million computers since it first appeared in 2008.

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