This sentence jumped out at me in an otherwise pedestrian article on criminal fraud:
"Fraud is fundamentally fuelling the growth of organised crime in the UK, earning more from fraud than they do from drugs," Chris Hill, head of fraud at the Norwich Union, told BBC News.
I'll bet that most of that involves the Internet to some degree.
And then there's this:
Global cybercrime turned over more money than drug trafficking last year, according to a US Treasury advisor. Valerie McNiven, an advisor to the US government on cybercrime, claimed that corporate espionage, child pornography, stock manipulation, phishing fraud and copyright offences cause more financial harm than the trade in illegal narcotics such as heroin and cocaine.
This doesn't bode well for computer security in general.
Posted on November 30, 2005 at 6:05 AM • 21 Comments