Analysis | 08 Dec 2008 :
Unemployed software engineers could become the latest threat to corporate IT security as the economic slump forces many to turn to online crime. So says the chief executive of security firm Kaspersky Lab, Eugene Kaspersky.
Speaking at the firm's New Dimensions press event in Moscow, Kaspersky claimed the financial crisis would lead to less investment in start-ups, and even the closure of some software companies.
"You can read it in the news; there is less investment and some firms will disappear," he said. "So I am afraid there will be a lot of unemployed software engineers, and some of them will go into cyber crime."
This new influx of online criminals will put an extra burden on anti-malware companies, and force the cyber criminals to exploit new areas including vulnerabilities in Macs and smartphones, he added.
Kaspersky also argued that the current economic crisis will force governments and enterprises to put more of their services online in order to cut costs, leading to richer pickings for the criminal fraternity. "Unfortunately this will mean good news for the anti-malware companies," he quipped.
Kaspersky said last week that 15 million new malware strains will have been detected by the end of this year, and claimed that the company's heavy investment in research and development will make it the market leader in endpoint security.