TrendMicro's security research team announced a
white paper detailing their investigation of an Estonian Internet
company that was actually a front for a cybercrime network. This white
paper is important because it shows just how organized cyber criminals
have become. I have pointed this out in an earlier post here.

Organizations in the U.S. and Western Europe may wonder how this is relevant to them:

"From its office in Tartu [Estonia], employees administer sites that host codec
Trojans and command and control (C&C) servers that steer armies of
infected computers. The criminal outfit uses a lot of daughter
companies that operate in Europe and in the United States. These
daughter companies’ names quickly get the heat when they become
involved in Internet abuse and other cybercrimes. They disappear after
getting bad publicity or when upstream providers terminate their
contracts."

The full white paper is well worth reading.