You may or may not have heard of the Shadowserver foundation. It's a volunteer run organisation designed to track malware, botnet activity and electronic fraud. Richard Perlotto runs the technology and operational side of the organisation, but his day job is as a security advisor to Cisco Systems.
Before that, he ran Security Operations for Cisco worldwide for almost four years. In this AusCERT presentation, Perlotto talks about what the Shadowserver foundation actually does -- how it collects its data and what it actually does with that information once it has it.