The biggest cybercrime stopped in Spain by Zivka Deleva

Bravo for the Spanish police! That is the hero of the day! Three men are behind bars because they were very “friendly” with around 13 million people whose PCs worldwide were injected with virus. The day is important because we are talking about the world’s biggest network of virus-infected computers. The hackers didn’t care where to create a problem, they did it all over the world, in homes, schools, banks, even government agencies. Among them are almost half of the largest US companies. Their idea was to steal a lot of sensitive information, like credit card data, online banking passwords, account information for social networking sites. We don̵! 7;t even have to know the sum of the money that they planned to take. The scam was uncovered by a Canadian information security company. The network’s name was Mariposa, as the criminals called themselves, which in Spanish means butterfly. Canadians traced them since last May. All three suspects are Spanish nationals, between the ages of 25 and 31. Not only the money are important, but this cyber terrorism might have problems that we can’t even imagine. Few years ago, Estonia and Georgia were victims of such terrorism and that even coincided with diplomatic tensions between the two nations and Russia. According to the Spanish police, if they didn’t catch the fraudsters, that this could have even worse impact. For laics like me, I can’t understand how comes big programming companies that create hardware and software can’t create the adequate protection for them. Nowadays, even not so “well educated” in hacking can create problem to t! he world. That is the example with Spanish criminals, who didn! ’t have some advanced hacking skills. "This is very alarming because it proves how sophisticated and effective malware distribution software has become, empowering relatively unskilled cyber criminals to inflict major damage and financial loss", said Pedro Bustamante, a senior research advisor at the Spanish Panda Security.

by Zivka Deleva for SigEx Ventures (http://sigexventures.com)

SigEx Ventures's matrix of properties are quickly becoming leaders in digital telebroadcasting, free content delivery allowing people to easily talk, view, upload and share through free online TV broadcasting, free unlimited global calls, video blogs and SMS. SigEx Ventures invests in projects deploying "free" to add-on royalty revenue models