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Monday, June 02, 2008

BATman tackles the cybercrime explosion

The Malicious software (malware): a security threat to the Internet economy report published by the Organisation for Economic Co-operation and Development over the weekend suggests that the PC malware infection rate in the US has hit 25 percent. These OECD cybercrime infection findings are highly disturbing, admits Geoff Sweeney, CTO with behavioural analysis IT security specialists Tier-3 (whose customers spread across major corporations and governments the world over) but nonetheless are accurate. In fact, the figures confirm the companies own findings with regards to infections. OECD says in the report that while the economic and social impacts of malware may indeed be somewhat hard to quantify, there is no doubting that when used directly or indirectly can harm critical information infrastructures resulting in financial loss. Malware, the OECD warns, therefore plays a pivotal role in the erosion of trust issues that the Internet economy is currently facing.
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Co-founder of IT Security Thing Ltd, Davey Winder is a three time winner of the Information Security Journalist of the Year award (2006/2008/2010) and received the prestigious Enigma Award for his lifetime contribution to information security journalism in 2011.



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