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Ten million PCs infected by identity theft malware

Study shows 35% of those infected have updated antivirus software installed

A little over 1% of all internet users are exposed to identity theft malware a study by IT security vendor Panda Security revealed.

Based on the online analysis of 67 million computers in 2008, the company found that more than 10 million users worldwide were infected with potentially harmful malware related to identity theft, such as Banker Trojans that are designed to steal account information from banks and their customers.

The number of infected PCs jumped to 800% from the first half of 2008 to the second half.

Even more shocking was the fact that 35% of those infected had updated antivirus software installed.

With most antivirus labs receiving approximately 30,000 new malware samples every single day, the threat is a serious concern and shows no sign of abating this year as well.

“We expect to see a 336 percent monthly growth rate of this malicious identity theft malware in 2009, fueled by the huge business behind this particular type of cybercrime,” said Luis Corrons, technical director of PandaLabs, the research arm of Panda Security.

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