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Malicious software installed on infected computers is a fundamental component of online crime. Malware development thus plays an essential role in the underground economy of cyber-crime. Malware authors regularly update their software to defeat defenses or to support new or improved criminal business models. A large body of research has focused on detecting malware, defending against it and identifying its functionality. In addition to these goals, however, the analysis of malware can provide a glimpse into the software development industry that develops malicious code. In this paper, the authors present techniques to observe the evolution of a malware family over time.
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