White Paper
The Industrialization of Fraud Demands a Dynamic Intelligence-Driven Response
Date: 06/10/2013 Length: 11 pages Cost: $99.00

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As criminals have discovered the profitability of attacks against information systems, the impact of fraud has grown. Adversaries have discovered the lucrative nature of harnessing cyber threats. Their innovations have made it easier to steal from a wider range of victims. This has spurred the commercialization of crimeware and services -- which, in turn, has given rise to specialization, competitive pressures, and other factors that illustrate how fraud, abetted by cyber crime, has grown from the unrelated activities of a few into an industry in its own right.

This industry has produced a level of automation and sophistication in fraud techniques to rival those of the legitimate business world. The commercial-grade packaging of complex threats makes it possible to readily convert personal systems into pawns that facilitate fraud, often unbeknownst to their rightful owners. Large-scale systems management capitalizes on the ability to harness entire networks of compromised hosts whose masters often avoid detection and defeat through highly nimble evasive tactics. The net result: an industrialized threat that has real impact on businesses worldwide.

In this paper, EMA explores the response organizations must marshal to stand up to the threat of industrialized cyber crime. Coordinated strategies embracing multiple tactics to limit exposure and improve effectiveness are now mandated by guidance such as that of the US Federal Financial Institutions Examinations Council (FFIEC) and other regulators worldwide. The RSA Fraud and Risk Intelligence portfolio is highlighted as an example of such a coordinated approach.

Scott Crawford, Former EMA Analyst

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