Slashdot Mirror
Cybercrime Now Worth $105 Billion, Bypasses Drug Trade
Stony Stevenson writes "Citing recent highly publicized corporate data breaches that have beset major companies like Ameritrade, Citigroup, and Bank of America, McAfee CEO David DeWalt, said that cyber-crime has become a US$105 billion business that now surpasses the value of the illegal drug trade worldwide. Despite the increase in government compliance requirements and the proliferation of security tools, companies continue to underestimate the threat from phishing, data loss, and other cyber vulnerabilities, DeWalt said. 'Worldwide data losses now represent US$40 billion in losses to affected companies and individuals each year, DeWalt says. But law enforcement's ability to find, prosecute, and punish criminals in cyberspace has not kept up: "If you rob a 7-11 you'll get a much harsher punishment than if you stole millions online," DeWal remarked. "The cross-border sophistication in tracking and arresting cyber-criminals is just not there."'"
The war on drugs and the war on terrorism is not enough, so they need yet another war... war on cybercrimes, they got to use up all those tax moneys somewhere!
Allow me to puke on yet another statistics based "news article" whith sole purpose of conditioning the general public like they do with the war on drugs and the like.