Stolen personal information and cyber crime tools are being traded on fraud sites for prices ranging from as little as $US3 to $1000, according to a monthly online fraud report by RSA, the security division of EMC.
The report notes that distributed denial of service (DDos) attacks were being offered for $US50 over 24 hours, credit card details can be bought for $1.50, and Trojan kits are being sold for $1000.
According to RSA A/NZ pre-sales engineering manager, Greg Singh, the underground market poses a threat to Australian consumers and companies.
“The cost may seem marginal to some, but caries the potential for heavy losses to the consumers, banks and credit card associations involved," Singh said. "These services can result in the loss of thousands of dollars."
The report also found that global phishing attacks increased 21 per cent during July due to an increase in the number of attacks on brands.
Australia hosted 7 per cent of phishing attacks in July, making it one of the top 10 countries enduring phishing attacks.
The US remains the top phishing host with 61 per cent of attacks recorded as being hosted in the country.