During a high-level press conference May 22 in Tokyo, its Counter-eCrime Operations Summit (CeCOS II), which willbe held in Tokyo, Japan, May, 26-27, will be previewed by the Anti-Phishing Working Group (APWG).The technical advances of phishing and ecrime groups, will be surveyed by CeCOS II, which will also benchmark the kinds of technical, operational and policy responses that have proven useful in countering them from the desktop all the way back to domain Registry.
To prioritize plans in a global confrontation against phishing and forms of Internet fraud perpetrated against consumers and enterprises, CeCOS II will bring together public policy officials, Internet Security technologists, IT operations, business leaders, and law enforcement from around the world.
With reports coming into APWG indicating increasing geographic spread of ecrime and a deeper focus on corporate assets: bank accounts, customer data (for identity theft purposes) and trade secrets, eCrime is spreading worldwide and changing,.
Over the last year, identity theft and fraud dropped to $51 billion worldwide down from a high of $58 billion in 2006, acccording to the Javelin Strategy & Research 2008 Identity Fraud Survey Report. With finanial fraud causing the greatest damage of all forms of reported adverse security events, the Computer Security Institute 2007 survey of enterprises, government agencies and universities found that the average annual loss reported by respondents doubled to $350,424 from $168,000 form the year before.
To point to approaches that would help coordinate a global response to ecrime in terms of industrial policy and emerging law enforcement paradigms, experts from all relevant technical, industrial and law enforcement fields, will be presented by CeCOS II.
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