From: InfoSec News (alertsinfosecnews.org)
Date: Sat Oct 11 2008 - 02:03:26 CDT

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http://business.asiaone.com/Business/SME%2BCentral/Tete-A-Tech/Story/A1Story20081009-92623.html

By Chua Hian Hou
The Straits Times
October 10, 2008

ORGANISED crime syndicates are raking in fat profits in cyberspace, and
becoming one of the biggest online menaces.

Such professional cyber gangsters are among the quickest to use new
technology to, say, hijack and loot online banking or video game
accounts. Some are making big bucks renting out hacking tools to aid
less skilled parties in causing havoc, say security experts.

According to Ministry of Home Affairs (MHA) information technology
security consultant Yu Chien Siang, such crime syndicates have been
quick to realise the promise of cyber crimes - which can be more
profitable than peddling drugs in the real world - and are swiftly
'reinventing' themselves to become high-tech hacking gangs.

Mr Yu was the keynote speaker at the 17th annual GovernmentWare infocomm
security conference held at the Suntec International Convention and
Exhibition Centre yesterday.

Just last month, many fans of online game Maple Story found their
accounts hacked into and looted by one such hacking gang, reportedly of
Chinese origin.

To guard against such threats, the Government is beefing up cyber
security here. The three-day GovernmentWare event, which is expected to
attract over 600 infocomm security professionals, is one effort to raise
awareness and equip Singapore professionals with the knowledge and tools
to counter such threats.

[...]

__________________________________________________
Register now for HITBSecConf2008 - Malaysia! With
a new triple-track conference featuring 4 keynote
speakers and over 35 international experts, this
is the largest network security event in Asia and
the Middle East!
http://conference.hackinthebox.org/hitbsecconf2008kl/

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