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Common Crimes Now Involve Cyber Elements

June 25, 2014

Sherlock Holmes (or at least Dr. Watson) would need a computer to resolve even the most commonest of crimes these days, according to one Manhattan district attorney.

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Gen. Alexander: Cybercrime is 'the greatest transfer of wealth in history'

June 24, 2014

In an address before the American Enterprise Institute (AEI) last Monday, the Director of the National Security Agency (NSA) U.S Army General Keith Alexander said cybercrime is "the greatest transfer of wealth in history," referring to the relative ease in which criminals can loot a victim's account through online practices.

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Measuring The Costs Of Cybercrime

June 24, 2014

Researchers have found that cybercriminals "activities impose disproportionate costs on society" and cite, for example, that a botnet spam campaign netted its authors $2.7 million while worldwide expenditures on spam prevention cost nearly $1 billion in US dollars.

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Google To Warn DNS Changer Victims

June 24, 2014

Google plans to warn nearly half a million users their computers are infected with the DNS Changer malware before the US government shuts down the temporary DNS servers in July, potentially leaving them without Internet access.

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Cybercrime Losses More Than Drug Profits Says Symantec

June 24, 2014

Update: 08/02/12 The $388 billion cited Symantec has been discredited. According to ProPublica, “The report was not actually researched by Norton employees; it was outsourced to a market research firm, StrategyOne, which is owned by the public relations giant Edelman.”

In his classic 1984 novel Neuromancer and other early works, William Gibson used an analogy to the drug cartels to describe the organizational structure of "data cowboys" "rustling data" on the yet-to-be-invented "cyberspace." More than a quarter century later, one security vendor thinks Gibson might have gotten the parallel right.

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