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Warning Over Russian Cyber Criminals

As tensions rise between the EU and Russia over Ukraine, Trend Micro is warning internet users of the various uses of how their personal data will be used by cybercriminals in the coming months.

The warning follows reports that a Russian cybergang that has amassed 1.2 billion internet passwords.

According to Dervla Mannion (pictured), VP Trend Micro EMEA: “Once these credentials are stolen, in many cases, this information is sold as a commodity in the cyber underground, also known as The Deep Web, where they are bought and sold to be used for various fraudulent undertakings.

"From identity theft to outright looting of accounts, usernames and passwords can be circulated for some time before the victim becomes aware.”

Trend Micro researchers have been monitoring the Russian Underground market for quite some time, and publishing prices of goods and services sold within. In its Cybercriminal Underground Economy Series, Trend Micro reveal how the cybercriminal underground is thriving and growing, as the number of victims continues to grow on the web. Motivated by money, cyber thieves are targeting anyone connected to the Internet around the globe.

“The scope of this data breach illustrates the depth and breadth of internet users that are no longer safe from cybercrime,” said Mannion.  “Attacks wherein websites are turned into watering holes to victimize visitors are growing exponentially. This Russian cybergang is formidable and the lasting effects of how this data will be used are yet to be uncovered.”

In a new blog post, Trend Micro provides Internet users, both commercial businesses and consumers, with advice on how to better protect personal data and online credentials.

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