Saturday, November 22, 2008

Economic Bust, Cybercrime Boom

The first ripples of a growing wave of cybercrime may be appearing.
In the physical world, the connection between declining business and crime is simple enough: As the above-ground economy suffers, the underground economy swells. The connection between economic trouble and cybercrime is trickier to prove. But as the economy slows, some online crime watchers see signs that a portion of newly unemployed skilled tech workers are turning to the theft and exploitation of sensitive data even as the existing cybercriminal economy is finding new ways to exploit consumer confusion around the banking meltdown.

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