The InformationWeek -- Blogs
Welcome Guest. | Log In| Register | Membership Benefits

Microsoft

Topics:   Microsoft

  • Email this page E-mail this page
  • Print this page Print this page
  • Bookmark and Share
  • icon

So Just How Well Does Cybercrime Pay?


Posted by Amy Larsen DeCarlo, Dec 9, 2005 01:05 PM

That question is apparently, and very unsurprisingly, up for debate. At a banking and security conference in Saudi Arabia in late November, U.S. Treasury Advisor Valerie McNevin claimed that cybercriminals made more than $105 billion from their exploits but there are plenty of experts who think that number is over the top.


Peter Andrews, site editor of Compliance and Privacy questioned the veracity of those numbers, saying on the site those numbers are headline makers. According to Andrews, research shows spammers who earn $10 per response are likely to earn about $10,000 dollars for every 100 million emails they send. McNevin was including much more than just phishing and fraud profits in her figure, adding in proceeds from a number of other cybercrimes such as extortion, piracy and child pornography.

Experts still dispute the dramatic number, saying that though cybercrime is underreported the $105 billion figure is far to steep. What no one does dispute is the terrible price businesses and individuals pay at the hands of these criminals.

« Daily News Podcast, Friday, Dec. 9 | Main | Firefox 1.5: Some Pig! »



Sign Up Now
For InformationWeek News Alerts




This is a public forum. United Business Media and its affiliates are not responsible for and do not control what is posted herein. United Business Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.

Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of United Business Media LLC and may be edited and republished in print or electronic format as outlined in United Business Media's Terms of Service.

Important Note: This comment area is NOT intended for commercial messages or solicitations of business.




 
 

  1. How To Do Parallelism Without Getting Egg On Your Face
  2. Managed Threads Are Different From Windows Threads
  3. Designing Applications for Massive Multicore Processors


Join The InformationWeek Group On LinkedIn


  1. iPhone OS 4.0 Reported To Feature Multitasking
  2. Windows 7 Is Really That Good
  3. Five Reasons To Pre-Order The iPad
  4. Google Gains While Palm Loses Smartphone Share


  1. Storage Demand, Revenue On The Rise
  2. Global CIO: Why IBM CEO Palmisano Earned His $24.3 Million
  3. Apple iPad Available For Pre-Order
  4. OCZ Releases SSD For Netbooks
  5. Citrix Preps XenApp 6
  6. GDC: Developers Vs. Cybercriminals

 

  Ars Technica
Boing Boing
Channel 9 Forums
CRN Blogs
Dr.Dobb's Portal: Blogs
Engadget
Gizmodo
GrokLaw
  Lifehacker
Schneier on Security
Slashdot
TechCrunch
Techdirt
Techmeme
Valleywag

  DECEMBER 2008
NOVEMBER 2008
OCTOBER 2008
SEPTEMBER 2008
AUGUST 2008
JULY 2008
JUNE 2008
MAY 2008
  APRIL 2008
MARCH 2008
FEBRUARY 2008
JANUARY 2008
DECEMBER 2007
NOVEMBER 2007
OCTOBER 2007
SEPTEMBER 2007