Researchers Map China’s Underground Cybercrime Economy – Ryan Naraine

From Ryan Naraine’s Zero Day blog on ZDNet:

Researchers from Peking University in Beijing and the University of Mannheim in Germany released a paper this week that aims to map the underground cybercrime economy in China.

The paper concludes that 1.49 percent of the 145,000 most popular sites in China “contain some kind of malicious content.” While the Internet boom in China is impressive, the researchers note that “there is also the other side of the coin: targeting the virtual assets owned by the normal Chinese Internet users, malicious attackers, so called blackhats, discover the Web as a new venue for making money by exploiting innocent users.” [Full text]

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