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Finjan Welcomes Initiatives for Public Disclosure of Cybercrime Incidents Information

August 2009 by Finjan

Finjan Inc., responded to the latest initiative for public disclosure of cybercrime incidents.

Corporate bank accounts are a popular target for cybercriminals. The soaring growth in cybercrime and attacks on businesses has dire implications. Dealing with the damage of a data breach is costly and time-consuming, and could even affect the survival of companies.

To face the current wave of cybercrime, a lawsuit has been filed by Unspam Technologies, in Virginia under the CAN SPAM Act to obtain forensic information about bank breaches that will help tracing the perpetrators and bring them to justice.

“Finjan supports more public disclosure of data breaches. We believe such disclosure will help to minimize cybercrime and to keep institution as well as their customers safe.”, said Yuval Ben-Itzhak, CTO at Finjan.

“As explained in the lawsuit, one of the techniques for corporate bank account robbery involves the use of Trojan malware programs such as Zeus,” he continued. “The Zeus Trojan has been around for some time and remains popular. Our Malicious Code Research Center (MCRC) has detected and reported on various cases of data breaches using Zeus and similar malware. Cybercrime targeting businesses keeps on rising,” Ben-Itzhak concluded.

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