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Perks and paintball: life inside a global cybercrime ring | Security | Features | PC Pro
The company built its wealth pioneering scareware - programs that pretend to scan a computer for viruses, and then tells the user that their machine is infected. The goal is to persuade the victim to voluntarily hand over their credit card information, paying $50 to $80 to "clean" their PC.
Scareware, also known as rogueware or fake antivirus software, has become one of the fastest-growing, and most prevalent, types of internet fraud. Panda Security estimates that each month some 35 million PCs worldwide, or 3.5% of all computers, are infected with these malicious programs, putting more than $400 million a year in the hands of cybercriminals. "When you include cost incurred by consumers replacing computers or repairing, the total damages figure is much, much larger than the out of pocket figure," said Ethan Arenson, an attorney with the Federal Trade Commission who helps direct the agency's efforts to fight cybercrime.