Finjan: Layoffs Could Drive IT People To Become Cyber-Criminals

Security vendor Finjan predicts that the current economic downturn could herald a sharp rise in cybercrime during 2009--driven by the rise in the number of IT people being laid off. According to a report from the company's  Malicious Code Research Center (MCRC), more unemployed IT personnel will be tempted to seek "new and easy income by purchasing and using crimeware toolkits that are sold by professional hackers."

The goal, according to the report, will be to get stolen credit card numbers, online banking account information, and corporate data that can be used to generate income. "We foresee that this quick and easy way to make money--combined with the false feeling of being safe from detection--will entice more and more people to turn to cybercrime; similar to people turning to drug dealing for a quick buck." Potential targets include corporations and public agencies.

Also, if the Obama administration succeeds in finding a way to give more people broadband Internet access, Finjan asserted, cybercriminals will exploit the opportunity "to infect more PCs and corporate networks with more malware as ever [sic] before."

A major portion of malware will be delivered via Trojans, particularly through Web 2.0 technologies and rich content.

A copy of the full report from Finjan is available here.

About the Author

Dian Schaffhauser is a former senior contributing editor for 1105 Media's education publications THE Journal, Campus Technology and Spaces4Learning.

Featured

  • MathGPT

    MathGPT AI Tutor Now Out of Beta

    Ed tech provider GotIt! Education has announced the general availability of MathGPT, an AI tutor and teaching assistant for foundational math support.

  • person signing a bill at a desk with a faint glow around the document. A tablet and laptop are subtly visible in the background, with soft colors and minimal digital elements

    California Governor Signs AI Content Safeguards into Law

    California Governor Gavin Newsom has officially signed off on a series of landmark artificial intelligence bills, signaling the state’s latest efforts to regulate the burgeoning technology, particularly in response to the misuse of sexually explicit deepfakes. The legislation is aimed at mitigating the risks posed by AI-generated content, as concerns grow over the technology's potential to manipulate images, videos, and voices in ways that could cause significant harm.

  • white desk with an open digital tablet showing AI-related icons like gears and neural networks

    Elon University and AAC&U Release Student Guide to AI

    A new publication from Elon University 's Imagining the Digital Future Center and the American Association of Colleges and Universities offers students key principles for navigating college in the age of artificial intelligence.

  • abstract technology icons connected by lines and dots

    Digital Layers and Human Ties: Navigating the CIO's Dilemma in Higher Education

    As technology permeates every aspect of life on campus, efficiency and convenience may come at the cost of human connection and professional identity.