Social media is the newest playground for cybercriminals: Cisco



Cisco issued its Annual Security Report for 2009, which highlights the impact
of social media, particularly social networking, on network security and
explores the critical role not technology, but people play in creating
opportunities for cybercriminals. The report also includes winners of the 2009
Cisco cybercrime showcase and discusses trends in cloud computing, spam and
overall global cybercrime activities that IT professionals continue to face.

Social media experienced explosive growth in 2009. Facebook alone tripled its
active user base to 350 million over the course of the year. Social media
adoption is expected to continue growing in 2010, especially as more
organizations realize the value of social networks as an absolute business
requirement. Social networks have quickly become a playground for cybercriminals
because members of these sites put an inordinate amount of trust in the other
members of their communities and often fail to take precautions to prevent the
spread of malware and computer viruses. The annual security report also provides
more information on the potentially devastating combination of minor
vulnerabilities, poor user behavior, and outdated security software that can
dramatically increase risks to network security.

The first-ever Cisco cybercrime showcase acknowledged security professionals
holding the front lines in the fight against cybercrime. Zeus was named the most
audacious criminal operation. A Trojan that delivers malware by targeted
phishing and drive-by downloads, Zeus goes beyond login names and passwords to
steal numerous online banking credentials.

The cybercrime ‘Sign of Hope’ was awarded to ‘The Conficker Working Group’.
This group, composed of members of the security community and industry, is
credited with significantly muting the impact of the network worm conficker,
which was anticipated to wreak havoc starting on April 1, 2009.

Patrick Peterson, Fellow, Cisco remarked, “The blending of social media for
business and pleasure increases the potential for network security troubles and
people, not technology, can often be the source. Without proper cognizance of
security threats, our natural inclination to trust our ‘friends’ can result in
exposing ourselves, home computers and corporate networks to malware. The value
of social media is becoming acknowledged increasingly by businesses, but these
same organizations need to provide the proper training and education to ensure
that employees avoid compromising themselves and their businesses.”

DQC News Bureau

1 comment

  1. Ross

    My team has been working diligently to acquire new customers using a variety of different techniques, but we have just started scratching the surface of social media. We’re definitely devoting more time and effort into it in 2015 as I would like to expand my client base, but it seems very difficult to remove all of the clutter. For instance, many of my potential clients are not active in the sense that all they do is share content, so it’s a bit harder to really get their attention.

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Social media is the newest playground for cybercriminals: Cisco



New Delhi: Cisco issued its Annual Security Report for 2009, which. The annual security report includes winners of the 2009 Cisco cybercrime showcase and discusses trends in cloud computing, spam and overall global cybercrime activities that information technology professionals continue to face.
Social media experienced explosive growth in 2009.

Facebook alone tripled its active user base to 350 million over the course of the year. Social media adoption is expected to continue growing into 2010, especially as more organizations realize the value of social networks as an absolute business requirement.

Social networks have quickly become a playground for cybercriminals, because members of these sites put an inordinate amount of trust in the other members of their communities and often fail to take precautions to prevent the spread of malware and computer viruses. The annual security report also provides more information on the potentially devastating combination of minor vulnerabilities, poor user behavior, and outdated security software that can dramatically increase risks to network security.

The first-ever Cisco cybercrime showcase acknowledged security professionals holding the front lines in the fight against cybercrime. Zeus was named the most audacious criminal operation. A Trojan that delivers malware by targeted phishing and drive-by downloads, Zeus goes beyond login names and passwords to steal numerous online banking credentials.

The cybercrime ‘Sign of Hope’ was awarded to ‘The Conficker Working Group’. This group, composed of members of the security community and industry, is credited with significantly muting the impact of the network worm conficker, which was anticipated to wreak havoc starting on April 1, 2009.

Patrick Peterson, Fellow, Cisco remarked, “The blending of social media for business and pleasure increases the potential for network security troubles and people, not technology, can often be the source. Without proper cognizance of security threats, our natural inclination to trust our ‘friends’ can result in exposing ourselves, home computers and corporate networks to malware. The value of social media is becoming acknowledged increasingly by businesses, but these same organizations need to provide the proper training and education to ensure that employees avoid compromising themselves and their businesses.”

Leave a Reply

Your email address will not be published. Required fields are marked *