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After many months of solicitation by your bank’s representative, you

After many months of solicitation by your bank’s representative, you

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After many months of solicitation by your bank’s

representative, you finally agree to use their online

banking services. One day, you log into your bank’s

website and are immediately prompted for your driver’s

license number, social security number, and other

sensitive information. After a moment’s hesitation, you

comply and your bank account information is displayed.

Once you finish your transactions, you logoff.

A week later, you receive a phone call from a member of

the bank’s IT department. She is calling to inform you that

they have just fixed a security breach and that your

information might have been compromised. She explains

that their Internet service provider (ISP) was hacked the

previous week and that requests sent to their server were

redirected to another server located overseas. This hostile

server requested users to enter sensitive information.

Once users complied, the hostile server likely recorded

their information before redirecting them to the bank’s

server. Before hanging up, she apologizes and assures

you that your money is safe.

A month later, you are visited by detectives who inform you

that there are at least three “you’s” in other states that are

wanted for fraud. After satisfying themselves that you are

not one of the suspects and listening to your explanation of

how your personal information was stolen, they explain

that your information was likely sold on the black market.

You are a victim of identity theft.

To prepare for this Assignment, read the Unit 1 Notes

located in this unit’s Learning Resources before

proceeding.

For this Assignment, write a 5- to 7-page paper that:

Analyzes the motivations behind hacking by tracing the

evolution of hacking from its origins to its current form.

Analyzes the evolution of hacking tools and techniques

with respect to innovation. In other words, how have the

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bad guys managed to stay ahead of the good guys?

Evaluates the malware life cycle both from a defensive

perspective (i.e., the good guys who “patch” vulnerabilities

when they become known) and from an offensive

perspective (i.e., the bad guys who find vulnerabilities,

develop exploits, and monetize those exploits). Which

areas have seen great positive progress? Which areas

remain unaddressed?

Evaluates the moral issues faced by white-hat hackers by

contrasting responsible disclosure with full disclosure for

the greater good of society.

Integrate your analyses and evaluations with the

components of the malware life cycle.

Unit 1 Notes

The current state of insecurity is in part due to the

emergence of a market for the trade of stolen electronic

goods. In 2010, the FBI announced that a typical

cybercrime ring consisted of 10 different specializations

ranging from programmers, to techies, to hackers,

fraudsters, cashiers, mules, and of course, leaders

(Chabinsky, 2010). One of the reasons for such diversity of

job duties is that the field of cybercrime has evolved over

time, and people have gotten the chance to specialize. The

maturity level displayed by the underground market for

stolen goods in many ways rivals that of real, open

markets.

Nearly every piece of information has value. For many

years, Symantec has tracked the cost of goods bought and

sold on the black market. In 2008, the most traded items

were credit cards, at just under $5 for a valid U.S. credit

card; however, many other types of goods also were for

sale: $20 for someone’s full identity (i.e., all of the pieces

of data necessary to perform identity theft), and about five

cents on the dollar for valid bank account credentials

(Symantec, 2009). More disturbing in many ways is the

recent trend of attacks not targeted at financial data (which

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After many months of solicitation by your bank’s representative, you finally agree to use their online banking services. One day, you log into your bank’s website and are immediately prompted for your driver’s license number, social security number, and other sensitive information. After a moment’s hesitation, you comply and your bank account information is displayed. Once you finish your transactions, you logoff. A week later, you receive a phone call from a member of the bank’s IT department. She is calling to inform you that they have just fixed a security breach and that your information might have been compromised. She explains that their Internet service provider (ISP) was hacked the previous week and that requests sent to their server we re redirected to another server located overseas. This hostile server requested users to enter sensitive information. Once users complied, the hostile server likely recorded their information before redirecting them to the bank’s server. Before hanging up, she apologizes and assures you that your money is safe. A month later, you are visited by detectives who inform you that there are at least three “you’s” in other states that are wanted for fraud. After satisfying themselves that you are not one of the suspects and listening to your explanation of how your personal information was stolen, they explain that your information was likely sold on the black market. You are a victim of identity theft. To prepare for this A ...
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