Now in its ninth year, the ITWeb Security Summit is southern
That was the word from
"For several years, we have been focusing on building high walls to keep hackers out, but this has failed," said Kennedy. "We have to change the approach."
According to Kennedy, the malware economy is comprised of sophisticated, highly skilled individuals as well as elite researchers, exploit developers, zero-day researchers, malware writers, identity collectors, programmers and technology experts.
He revealed that, over the years, the malware economy has seen an increase in activities like spam and hacking.
However, he said changing that economy would require organisations to ensure cyber criminals get less return on their investments.
He noted that investing in cyber crime currently has a high return, and, as an example, a
Taking legal measures against the spammers can also go a long way in destabilising the malware economy, said Kennedy.
He gave the example of
In 2004, the
In 2006, the FTC filed a suit again against Wallace and SmartBOT for practices similar to the 2004 suit. This time Wallace and his co-defendants were ordered to pay $5 089 550.48 in fines.
Technology can also be used to break the malware economy, said Kennedy. "Organisations can do this by assuming that their systems are breached and adopt counter intelligence techniques like deception and anti-evasion."
Another way to disrupt the malware economy will be to prosecute some black market banks like what happened to Liberty Reserve (../index.php?option=com_content&view=article&id=64448:Liberty-Reserve-accused-of-laundering&catid=118), which was accused of money laundering, said Kennedy.
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