With China's economy cooling down, some of the country's IT professionals are turning to cybercrime, according to a Beijing-based security expert.
Speaking at the CanSecWest security conference last week, Wei Zhao, CEO of Knownsec, a Beijing security company, said that while many Chinese workers may be feeling hard times, business is still booming in the country's cybercrime industry. "As the stock market dropped like a stone, a lot of IT professionals lost lots of money on the stock market," he said. "So sometimes they sell zero days," he said, referring to previously unknown software bugs.
More: http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9130402
Speaking at the CanSecWest security conference last week, Wei Zhao, CEO of Knownsec, a Beijing security company, said that while many Chinese workers may be feeling hard times, business is still booming in the country's cybercrime industry. "As the stock market dropped like a stone, a lot of IT professionals lost lots of money on the stock market," he said. "So sometimes they sell zero days," he said, referring to previously unknown software bugs.
More: http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9130402
