20/20 Hindsight

The year in cybercrime

"One of the most disturbing cybercrime trends in 2008, many security analysts say, has been the emergence of a full-blown underground economy where credit card information, identity theft information, and spam and phishing software are all available for relatively low prices.

"Security software company Symantec became the latest company to raise red flags about what it called the "underground server" economy last month, when it issued a report estimating that roughly $276 million worth of goods and information is available on online black markets. Credit card data accounted for 59% of the information available for sale on underground servers, Symantec reported, with identity theft information (16%), server accounts (10%), financial accounts (8%) and spam and phishing programs (6%) trailing far behind."

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