"The proliferation of botnets and malware in cyberspace threatens to undermine the efficiencies, innovation, and economic growth of the Internet and diminishes the trust and confidence of online users," the Industry Botnet Group (IBG) said today.
During a White House ceremony today IBG released a set of voluntary principles that will allow "industry to respond nimbly to dynamic cyber threats," the group said.
IBG is a multi-industry group committed to working together to combat cyber threats. Botnets are created by malicious code installed on a computer or Internet communications device. The botnets then connect to a remotely controlled network where a "bot herder" can exploit them for various purposes, including denial of service attacks, spam, click fraud, or theft of user ID's, passwords and credit card numbers.