Internet Crime Considered An Industry

A new report released by the security software firm Symantec has stated that internet crime has burgeoned massively recently.

Now cyber criminals are part of an industry that creates billions of dollars in revenue, Symantec alleged. And those perpetrating crime on the internet are becoming more advanced in their methods and strategies. Dan Lohrmann, chief information security officer, Michigan, told CNN: "As the global cyber threat continues to grow, it has never been more important to remain vigilant and informed on the evolving threat landscape.

"Symantec's Internet Security Threat Report continues to provide us with critical information on the most current online security trends." Toolkits, such as the infamous MPack, are being used on an increasing basis by cyber criminals, Symantec found. Phishing and hacking kits are being traded in high volume on the internet, it stated. Also, threats are being customized to specific regions of the world.