According to the Federal trade Commission (FTC), there are around 10 million reported cases of identity theft each year in the United States. A recent report by Eugene Kaspersky, founder and head analyst of Kaspersky Labs (a leading internet security company), indicates that the level of criminal activity on the internet has doubled in the past year, and there is reason to believe this trend will continue to grow exponentially in the future.
Cyber crime has become a serious problem for everyone who uses the internet. The biggest threats to all internet users are malicious software programs known as crimeware and social engineering schemes, often referred to as phishing and pharming scams.
Although computer viruses have always presented a big problem regarding potential loss of data or damage to our computers, spyware and phishing scams are where the real danger is. These forms of internet crime don't hurt our computers - they cause personal damage.
Spyware
The most common form of crime-ware comes in the form of spyware, which is a small program or piece of code that is designed to "spy" on your online activity and/or personal information. There are many types and forms of spyware and new versions are introduced into the internet every day.
Although not all spyware is used for illegal purposes, much of it can be very dangerous due of its ability to record keystrokes, take snapshots of our PC screen, and monitor everything we do online. Spyware usually installs without anyone's knowledge and runs silently in the background.
The information gathered by spyware is secretly transmitted to the person who planted it. It is sometimes sent out via email without our knowledge, but more often it is relayed to a hijacked "slave" computer, where it is picked up by the criminal who installed it. He/she will either use it to access bank accounts or credit cards, sell it to another thief, or perhaps steal our identity altogether.
Some spyware is used to "hijack" computers, turning them into "slaves" that are used to collect and store data that was obtained illegally. The computer's owner rarely knows that his PC is being used to house illegal information. Many "slave" computers are also used to help social engineers collect data via Pharming scams.
Phishing Scams
One of the most popular criminal activities on the internet is Phishing. In fact, this type of scam is so prevalent that an estimated 99% of email users have seen at least one phishing scam in their inbox. Phishing is mostly done via email, and is usually performed in conjunction with Pharming. Social engineers often send email letters that appear to come from your bank or other financial institution. The message urges you to click the link, log in, and verify your credentials. These emails sound and look very legitimate, and this is why so many people follow through by clicking the link.
Pharming
Once a person has clicked a link in a fraudulent Phishing email, they are taken to a website that appears to be legitimate. This is because the social engineer has copied the home page of the financial institution. What most victims don't realize is that the website they are on is really in some third world country, or on a "slave" computer that has been hijacked by spyware. The Pharming occurs when the person enters his/her credentials to "log on" to their account. This provides the Pharmer with all the information he needs to quickly wipe out the account or charge up a fortune on the associated credit card.
How to Protect Yourself Online
There are several things you can do to protect yourself from cyber-crime. The most obvious is to use good internet security products. At minimum, everyone who uses the internet should be using a good personal firewall, anti-spyware software, and anti-virus software.
The easiest, most effective way for most home computer users to stay protected is to purchase an internet security suite. A suite will include antivirus, anti-spyware/anti-adware, software firewall, and possibly some extras like a spam filter and password protection software. Suites are easy to use because everything is controlled via one interface.
There are many "free" things you can and should do to protect yourself from cyber-crime, such as keeping your computer's operating system and all applications up-to-date. This combined with the implementation of cautious browsing and email habits will have a big impact on your safety.
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Computer Security for Everyone
