Trend Micro Calls for Added Security to Cloud Computing

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MANILA, Philippines - Cloud computing, the future for all businesses, is expected to haul in US$121.1 billion revenues by 2015, up from only US$37.8 billion in 2010, as both local and international enterprises, governments and small businesses turn to such services to improve operations while lowering costs.However, as enterprises move into the cloud and rely more on the Internet, they become more vulnerable to cyber-crime attacks."The Internet is the biggest 'cloud' in existence and it is also the most unsecure," warned Trend Micro Executive Vice President and Chief Development Officer Oscar Chang during his visit to the country this week."Many cloud computing services for corporate clients are public and prone to attack. Hence, companies must be familiar with both the threats and the benefits that cloud computing brings."Every day, cyber criminals create new methods of information theft, corporate espionage and blackmail to get into the billions of dollars companies invest in cloud computing. At least 3.5 new threats are created every second, he pointed out. Another 80 percent of the worst malicious software ("malware") is transported via the Internet.Based on the most recent Trend Micro findings, a family of Trojans called Bohu became prevalent in Chinese-speaking parts of the world.One of its variants was also found to act as an infection vector of GORIADU "malware." In such an attack, GORIADU malware was used to block the network traffic related to the in-the-cloud features of certain anti-virus products.Such features include real-time updates that safeguard systems against the latest online threats. GORIADU malware has spread to Asia Pacific countries, particularly in China (48 percent share) and in Taiwan (31 percent share). …