Tuesday, January 03, 2006

Cybercrime: happy 2006, pt 1..

Interesting quote from Bruce Schneier:

The (US) Treasury Department says that cyber crime has now outgrown illegal drug sales in annual proceeds, netting an estimated $105 billion in 2004, the report said.

I wonder how they measure it? Assuming it's only based on cybercrime activity they actually detect, the actual figure must surely be much much larger. (The original newspaper report admits that "It is difficult to gauge the true number of security failures because many companies are unaware they've been hacked, the paper said.")

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