The Big Business of Cybercrime at FS-ISAC, IACC and INTA 2013 Spring Conferences

| May 21, 2013

This spring contained, as usual, the spring “conference season”.  And, DomainTools attended a variety of them.   The back-to-back-to-back conferences we exhibited at were FS-ISAC, IACC and INTA.  Each of the three conferences had sessions covering the pervasiveness of cybercrime generally, but each also focused in on areas specifically pertaining to their own discipline: the security of financial networks and accounts, the sale of counterfeit goods, and online intellectual property/brand protection, respectively.

No matter how long I have been “in this business”, I continue to be awed by the vastness, ingenuity and determination of cybercrime and cybercriminals themselves.  It is big business.  Cybercrime has many impacts starting with potentially significant financial loss, both to individuals and companies, data and intellectual property loss, brand and reputation damage, and overall network and infrastructure abuse.  In 2012, Internet Crime Complaint Center (IC3) published their annual report which contains a fabulous overview of reported cybercrime such as automobile fraud, extortion scams, scareware tactics and others.  It also states reported losses by consumers above $525 million, an increase of 8.3% from 2011 — and those are only the reported losses.  IACC claims counterfeiting is a $600 billion a year problem.  Any way you look at it, crime is big business.

To combat this trend, security tools have changed.  They had to.  Fraud detection and prevention must adapt at a very fast pace to keep up with the online criminals’ ever-changing tactics. Entities must protect themselves, their employees, their network and their customers.  Rarely does a week go by without some new malware, email phishing scam or counterfeit takedown broadcast in the news.

Organizations are getting smarter through intelligence sharing, leveraging best practices, engaging with social media, and employing the use of big data.   Utilizing these various tactics can make it easier to identify suspicious behaviors earlier and monitor ongoing threats more surgically.  This is where DomainTools data can be useful:  Domain name and IP Whois data can help identify bad actors, either by utilizing Whois history which can often defeat Whois privacy services, or by associating domain names and IP addresses to each other through common variables.  DomainTools has the best Whois data, and therefore gives our clients the best chance of finding out who is behind a cybercrime.  Our data helps protect companies, networks, employees, customers and internet users worldwide.  And we’re just getting started.  Later this year DomainTools will be releasing powerful new investigative tools which will set the standard for how whois and DNS data can inform critical cybersecurity efforts across the globe.  Stay tuned!

Share

Tags: , ,

Category: brand monitor, Brand Protection, Domain Tools Updates, FS-ISAC, IACC, INTA, reverse ip, Whois, Whois History

About the Author ()

Susan is the VP of Partner and Industry Relations at DomainTools. An accomplished domain industry executive, Susan is responsible for leading DomainTools’ business development efforts in the DNS and network security markets. In this role, she is responsible for all Enterprise clients, Reseller partners and Affiliates. Susan plays an integral role at DomainTools, leading thought leadership and participation in important industry working groups such as at ICANN, INTA, IACC and APWG. Susan joined DomainTools in 2007. Prior to DomainTools, she spent 15 years in the DNS and hosting markets, most recently running Client Service and Operations for a fast-growing webhost provider ultimately rolled into what is now Web.com.

Comments (1)

Trackback URL | Comments RSS Feed

  1. web 2.0 says:

    I was able to find good advice from your blog articles.