IBM Confirms Finjan s Report on Crimeware-as-a-Service

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Farnborough, United Kingdom, 19th September 2008 - Finjan Inc., a leading provider of secure web gateway solutions for the enterprise market, stated today that a blog posting from IBM Internet Security Systems, in which the rapid ascendance of hacking-as-a-service is discussed, confirms an earlier report from Finjan on Crimeware-as-a-Service. Finjan s Web Security Trends Report Q1 2008 is available for download at: www.finjan.com mcrc

It is indicative of the domination of criminal gangs in the malware and security attack business these days, says Yuval Ben-Itzhak, Chief Technology Officer of Finjan.

Crimeware-as-a-service, or CaaS, represents the latest phase in the commercialization of hacking methods and tools as indicated by our Malicious Code Research Center MCRC report at the beginning of this year, added Ben-Itzhak. The process of conducting criminal activities is getting even more advanced by simplification getting straight to stolen data as a service.

In our Q1 2008 report, we highlighted the fact that cybercriminals are deploying malware, botnets, and infected computers to provide online hacking services to anyone willing to pay - the providers themselves do not necessarily conduct the criminal activities related to the data that is being compromised he continued.

According to Ben-Itzhak, these services are managed remotely and include features that facilitate the installation of the crimeware program, running the service, online reporting and even offering ongoing maintenance.

As IBM notes, the legality of the new crop of these services is questionable at best, but we suspect that we are going to see more and more of these types of commercial services emerging in the near future, he concluded.

For more on IBM post comments: http: tinyurl.com 6mvr6l

For more on Finjan s Web Security Trends Reports: http: www.finjan.com mcrc

ENDS
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Finjan is a global provider of secure web gateway solutions for the enterprise market. Our real-time, appliance-based web security solutions deliver the most effective shield against web-borne threats, freeing enterprises to harness the web for maximum commercial results. Finjan s real-time web security solutions utilize patented behavior-based technology to repel all types of threats arriving via the web, such as spyware, phishing, Trojans, obfuscated code and other malicious code, securing businesses against unknown and emerging threats, as well as known malware. Finjan s security solutions have received industry awards and recognition from leading analyst houses and publications, including Gartner, IDC, Butler Group, SC Magazine, eWEEK, CRN, ITPro, PCPro, ITWeek, Network Computing, and Information Security. With Finjan s award-winning and widely used solutions, businesses can focus on implementing web strategies to realize their full organizational and commercial potential. For more information about Finjan, please visit: www.finjan.com.
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