Identity Theft is Getting more Businesslike

Speaking of business - can you think of a better way to sell your security products than to preach doom and gloom? How neutral do you think Symantec is when the worse things are, the better life is for them?

Via their semiannual Internet Security Threat Report - Symantec reported that much of the malicious computer code they identified was compiled, or translated into usable software, during standard, 9-to-5 work shifts in the country of origin.

"The hobby-horse hacker is a thing of the past. These guys work business hours,'' Huger said. "It's pretty organized, which is the scary part. Now we're seeing a well-oiled machine for stealing data.''

Among the other items reported was that China had 26 percent of the world's bot-infected computers, more than any country, a statistic mostly explained by the torrid growth of the Chinese technology industry. Also noted was that more than half of all underground economy servers known to Symantec were based in the United States.

However, a recent report from Symantec competitor McAfee tells us that Internet domains from Romania, Russia, and the tiny island of Tokelau are among the riskiest.

What we do know is that phishing and spam is up... now apparently we just need a way to figure out where it is coming from. Unfortunately it is more often the destination that counts, not the journey and the US might be the way and/or the means, but it certainly isn't the end.