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Cybercrime More Lucrative Than Drugs

prostoalex writes "Yahoo is reporting that global cybercrime overtook global drug trafficking in terms of revenue this past year. In related news, only 4% of Internet users can flag 100% of phishing e-mails as fraudulent, and Americans filed 207,000 reports on cybercrime to FBI."

20 of 282 comments (clear)

  1. dotCrime Bubbles by fembots · · Score: 5, Interesting

    Yeah sure, they'd better party like it is twenty-zero-five, sooner or later they'll run out of idiots like dotcoms ran out of VCs.

    Cybercrime requires constant training, otherwise your hacking skills can be out of date in just a few months. On the contrary, a crowbar-trained criminal can still make a living in today's high-tech security world.

    I foresee in 5-10 years' time, traditional crimes will go mainstream again as many cyber-criminals will be out of jobs^H^H^H^Hcrimes by then.

    1. Re:dotCrime Bubbles by FooAtWFU · · Score: 4, Insightful
      In 2010, you will probably still be able to send the same sorts of pretty messages pretending to from be J Random AOLer's bank or John Q Public's eBay account, which link you to a site that looks almost excactly the same, and which scrape their email and passwords. The exact same message? Probably not. But take a look at the dozens of Nigerian-419 scams which are still basically unchanged since their inception...

      Petty crime has plenty of 'local' variables like where the police hang out, which places have alarms and electronics, et cetera, but most have similar principles; electronic crimes have different rootkits and different websites to fake and emails to send and addresses to harvest and spam filters to bypass, but again, most have similar principles. Unless you're manufacturing the (crowbar|rootkit/botnet) things won't change much.

      --
      The World Wide Web is dying. Soon, we shall have only the Internet.
  2. New Slogan: by Shadow+Wrought · · Score: 4, Funny

    Geeks! Now better than junkies.

    --
    If brevity is the soul of wit, then how does one explain Twitter?
  3. Oil by Seumas · · Score: 5, Interesting

    Yet, I bet both of them combined aren't as lucrative when it comes to funding terrorism as hitting your local gas station for a fill-up.

    1. Re:Oil by nycguy · · Score: 4, Insightful

      While I have no love for the regimes of oil-producing countries in the Middle East and South America, the notion that importing less oil will seriously affect the funding of global terrorism is nonsense. According to the 9/11 commission, the attacks on the US were funded with only about $500,000 (link). I would venture that the global "budget" for terrorism is only in the low tens of millions of dollars, which is a drop in the barrel compared to the many billions of dollars oil exporters are making. A better argument for importing less oil is that we should not support the prosperity of regimes that have turned a blind eye on terrorism and that deprive their populations of democratic institutions (even if free democracy might result in theocratic leadership in the short term). However, I think that just working to ensure that the income generated by oil is more evenly distributed among the populations of exporters would go much further toward eliminating terrorism than trying to indirectly strangle the funding of groups that can already do quite a bit of damage on a shoe-string budget.

  4. No new law needed by dada21 · · Score: 5, Interesting

    Cybercrime pisses off U.S. black market businesses because it outsources a huge income potential to other countries.

    All kidding aside, I don't personally believe in cybercrime. Some cybercrime victims are merely stupid users, and no law can fix them. Other cybercrimes that do disturb one's property should be covered by laws already in place.

    My fear is that defending the cybercrime idea will only help make more wealthy lawyers and give politicians more abusive power.

  5. Dealers tell the media how much they make? by RealisticCanadian · · Score: 4, Insightful

    I've yet to understand the supposed principle that the Powers That Be or the Media could possibly figure out any kind of accurate figures on illegal activites.

    Dunno 'bout the rest of you guys here, but I never told the police or the press how much profit I made back when I was a small time dealer (can't touch me, young offenders act! :p)

    If I didn't, you can be damn sure that big-time or organized criminals do not share these figures either.

    Neither do the users. (How many crack-heads report the amount they spend on their habit?)

    So what the hell is the premise on which these "statistics" have ever been based on?

    I can think of a few ways to fudge up some statistics about people screwed outta their money on the net, but I can't see a way to truly gauge that either. Again, if I fell for the "send me a grand and I'll send you a million" I sure as hell wouldn't tell anyone I was that stupid.

    Hence, I dub the entire original article as BS, just like the 'War on Drugs' and even the 'War on Spam' /end rant :p

    --
    A couple fans told me that my last journal entry was mint; give it a shot. Hope you like.
  6. min wage by Jeffrey+Baker · · Score: 4, Informative

    According to the book Freakonomics, drug dealers make less than the minimum wage, on average. It would not be hard to beat that level of productivity in any undertaking, criminal or not.

    As for the phishing problem, I really don't understand why people fall for those. Your bank, or eBay, or Paypal, will never, ever, ever, ever, ever send you an email asking you to disclose any account information. If those people want to contact you for an important reason, they will either call or send you actual mail. This seems like a simple rule to remember, doesn't it?

  7. Re:Curbing malware and cyberthreats by maelstrom · · Score: 5, Funny

    I agree completely. I've noticed a similar problem on Slashdot which your solution seems to solve nicely. I recommend we limit posting access to all users who have a greater than 3 digit ID. Maybe raising the barrier of entry will prevent me from having to read half cocked ideas like limiting access to compilers.

    --
    The more you know, the less you understand.
  8. Definition of 'cybercrime' by sielwolf · · Score: 4, Interesting

    cybercrime, which includes corporate espionage, child pornography, stock manipulation, extortion and piracy

    That's a pretty open-ended definition. So is old-school white collar insider trading or shenanigans now Cyber-Crime just because they do it from a workstation? It'd be interesting to see just what is a cyber-crime now and how it breaks down into that total 150 billion dollars they just throw out there. Of course such data might pop the balloon of FUD as delicious as this.

    --
    What is music when you despise all sound?
  9. fishing survey is bullshit by Geekboy(Wizard) · · Score: 4, Funny

    if you mark all of them as fraud, you 'fail' the test.

    I consider all email from commercial entities as fraudulent.

  10. The test is bad by jmv · · Score: 4, Insightful

    In related news, only 4% of Internet users can flag 100% of phishing e-mails as fraudulent

    Had a look at the test and this is not surprising. Basically, they just take a screenshot of the mail reader window, ripping out any info (headers, html source) that could be of any help. Not to mention that as long as you assume anything you get from your bank/ebay/paypal/... is *potentially* a phishing e-mail, you don't have to actually be able to tell the difference. Education should not be about recognizing phishing emails because phishers will always be ahead. However, if you *never* click on a link and always use bookmarks (to bank and all) you have, then there's nothing a phisher can do. Of course, education should also be for institutions like my bank which includes its website URL in emails they send me (they're encouraging their customers to learn bad habits).

  11. Don't be such an ass. by jabbo · · Score: 4, Insightful

    > I suggest that the field and the general user experience would be greatly enhanced by
    > limiting access to compilers/assemblers (by means of pricing and with the cooperation of
    > the open source community) and by separating macros or other executable content from
    > documents.

    [eg. the premise: artificially raise the cost of compilers and nastybad people will stop writing viruses, etc. just like gangsters in New York improvised zip guns when guns cost too much... oh, wait, that's a bad analogy... bad people just make do.]

    You should also consider separating "clueless" from "malicious" in your thought process. HTH.

    > Think about it; in what other field do we "educate" "users"?

    Other than prenatal care, disaster response, home safety, poison control, vehicular operation, wildfire control, diabetes management, power tools, gun storage, and how to program your VCR? Can't think of any offhand...

    > We don't try to educate people
    > with electrical outlets and let any curious individual perform as a licensed electrician.

    But we'll sell wire cutters and conduit to any moron at Home Depot, along with a Hole Hawg and a 3 foot masonry bit. Surprisingly, a license is not required to burn down your house as a DIY repairman, nor is it required to pack a thousand pounds of fertilizer, some gasoline, and some nails into the back of a van, detonate it, and cause much worse harm.

    Cars are deadly weapons, as are guns; both require a license to operate, but in neither case does that eliminate fatalities caused thereby. (In fact, on the evening news last night, I noticed that a Class C licensed bus driver rolled over an embankment, killing 2 people and one fetus, injuring the other 39 people on the bus. More than likely, a smaller percentage of licensed commercial drivers do this than, say, unregulated Pakistani mountain bus jockeys, but I have no useful measure of the protective effect conferred by this certifying process.)

    Bad people will still be bad people, and "the cooperation of the opensource community" is not something I think you can depend on for this venture. (cf. PGP and SSL export restrictions)

    Stack protection, virtualization, perhaps legal penalties for willfully distributing software known to pose a risk to the users without their awareness or education (cf. the Theramed); maybe an overhaul of the communications system, and use of (NON-unicode) certificates required for financial communications. I don't know for certain, but I do believe that your rant about compilers holds little relevance to phishing at this point in time.

    Full disclosure: I learned to program on an HP-80 and a Timex-Sinclair ZX-81. I was using Usenet before AOL 'broke' it. And I still think you're chasing the wrong idea.

    --
    Remember that what's inside of you doesn't matter because nobody can see it.
  12. Re:Curbing malware and cyberthreats by reynaert · · Score: 4, Funny

    I suggest that the field and the general user experience would be greatly enhanced by limiting access to compilers/assemblers

    Hah! I shall SAVE THE WORLD with my carefully hidden away TURBO PASCAL 5.0 floppy!

  13. Re:4% is bogus by Agelmar · · Score: 4, Insightful

    I have a real problem in that they expect me to be able to tell just by looking at a screenshot from (what I believe to be) Outlook Express. I can't hover over links to see if the URL matches the displayed text, I can't look at the message source, and I sure as hell can't see the headers. How am I supposed to be able to tell for sure without this? Sure, I can get most of them, but #3,9 for example would be very nice to see the headers of.

  14. The Old Days by MightyMartian · · Score: 4, Funny

    Back in the old days, we had to shovel coal into our computers. That was way back when Usenet traffic was passed via UUCP and by the sacrificing of virgins (never hard to find in CS departments way back when). Why, I remember alerts going "Keep signatures to 28 characters or someone will come and remove your testicles with a 7/16ths nut driver and some mouldy toast".

    --
    The world's burning. Moped Jesus spotted on I50. Details at 11.
  15. Re:So, when I by rkcallaghan · · Score: 5, Informative

    And technically, what makes a drug a drug? What about perscription, cigarettes, alcohol? Those are all mind altering and bad for you.

    This is my field of study, so I feel obliged to throw in my 2 bits here.

    When someone refers to a "drug" in the sense of crime, they mean more accurately a "Schedule I Material" (and rarely, Schedule II or III, but usually just I). What does this nonsense mean? Well, in theory anyway, Schedule I is reserved for materials deemed to have no redeeming medical value, with a high possibility of chemical addiction or overdose. Now, given your statement about cigarettes and booze -- you and I both realize that that isn't entirely the case.

    While at the core, the doctors who worked with the FDA and the DEA to create the original controlled substances lists were doing so in good faith to protect the population at large from "Snake Oil" and soft drinks with addictive spikes (Ahem, Coca-Cola); there are unfortunately, larger powers at work than even the medical industry today. "Big Tobacco" has been in power in this country for hundreds of years before this country was even a country. So even though nicotine in all scientific methods would be a Schedule I material -- it isn't. This is also the reason THC is Schedule I despite having qualities that should qualify it for Schedule III (your usual prescription medications). Alcohol, for similar social reasons, is not Schedule I either.

    Your usual prescription medications are Schedule III; which roughly defined is materials that have useful medical value and low possibility for addiction, but have other qualities such as allergens or drug interactions that merit having a doctor or two check you out before giving you them.

    Hope that I have helped :)

    ~Rebecca

  16. Two totally different crimes by Mr.+Cancelled · · Score: 4, Insightful

    One's a crime of greed, while the other is a crime of demand (although plently of people get into the drug business solely for the income potential).

    If there wasn't a demand for drugs, there would be no drug trade. Conversely, the only reason to steal from others is always greed. Some might steal for fun *cough* winona ryder *cough*, but theft (in person, 3rd person, or via cybercrime) is almost always due to greed. Big difference there... One's there as a result of people wants, and demands. The other is largely parasitic, and exists solely to leech off people.

    Personally, I'd rather see my government invest more of our tax dollars into protecting our identities, and investments, as opposed to busting generally harmless dope smokers, and their suppliers (In case you didn't know, marijuana smokers are the most commonly targeted drug demographic these days, and the majority of our tax dollars, go towards fighting marijuana, while proven "bad drugs", such as meth, ruin lives, and run rampant throughout the country).

    The reason for all this is greed. The big companies almost write their own laws these days, and meanwhile more and more of our freedoms our lost, as our lawmakers focus on giving their funders (not constituents!) what they want. And surprisingly, things like Cybercrime continue to grow, and be largely ignored (Note, I'm talking real crimes, such as identity theft, phishing, and so on. Not downloading music and videos, which IMHO should be near the bottom of our list of priorities) .

    Personally, I'd like to see a major change in how we handle crimes in this country: Elevate identity theft, and other life-altering crimes to the level they deserve, focus our energies and money on bettering our country, and removing our dependence on other countries for our very existance, and stop focusing on the average downloader as being the worst thing to hit the US since Pearl Harbor. Meanwhile, start fighting the real drug problems that are facing our country: Meth, Cocaine, Heroin, and so on, rather than going after the "low hanging fruit", marijaua users, which are largely chosen simply for the ease of busts, and the profit available to cops for doing so.

    It's all about priorities, and right now our lawmakers top priorities are largely themselves, as evidenced by recent events.

  17. The obvious solution... by paranode · · Score: 4, Funny

    ...is to legalize cybercrime.

  18. /. fix by paranode · · Score: 5, Funny

    Hey man I'm a tech junkie, got any stuff? Stuff that matters?