Menu
Scareware will be most costly security scam of 2010

Scareware will be most costly security scam of 2010

McAfee reports 400% increase in reported incidents

Fake antivirus programs that encourage web users to part with their hard-earned cash and download hoax security software is likely to be the most costly scam of 2010, says McAfee.

According to the security firm, cybercriminals make upwards of $300m from conning web users worldwide into downloading scareware.

The security firm also said it had seen a 660 percent rise in scareware over the past two years, and a 400 percent increase in reported incidents in the last 12 months.

"Even the savviest of computer users fall victim to online threats because cybercriminals have become so sophisticated," said Jeff Green, senior vice president of McAfee Labs.

The scareware scam starts with a pop-up that claims the web user's PC is infected with malware and then prompts the user to purchase the fake 'security software' which is actually malware in disguise. Cybercriminals also obtain the user's computer and bank details.

"It's an incredibly lucrative business for cybercriminals," added Francois Paget from McAfee Labs.

With this in mind, McAfee has launched the Consumer Threat Alerts program that is designed to warn web users about the latest and most dangerous online threats

McAfee said subscribers can expect to receive periodic email alerts about how to recognise the latest online dangers and tips on how to stay safe.

"We're giving consumers the 'street smarts' they need to live their online lives safely," said Green.

"With education and the right technology, we can all play a part in the fight against cybercrime."

See also: Fake antivirus scam hits Facebook


Follow Us

Join the newsletter!

Error: Please check your email address.

Featured

Slideshows

Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Show Comments