21 May '13, 5pm

The Big Business of Cybercrime at FS-ISAC, IACC and INTA 2013 Spring Conferences

The Big Business of Cybercrime at FS-ISAC, IACC and INTA 2013 Spring Conferences

No matter how long I have been “in this business”, I continue to be awed by the vastness, ingenuity and determination of cybercrime and cybercriminals themselves. It is big business. Cybercrime has many impacts starting with potentially significant financial loss, both to individuals and companies, data and intellectual property loss, brand and reputation damage, and overall network and infrastructure abuse. In 2012, Internet Crime Complaint Center (IC3) published their annual report which contains a fabulous overview of reported cybercrime such as automobile fraud, extortion scams, scareware tactics and others. It also states reported losses by consumers above $525 million, an increase of 8.3% from 2011 — and those are only the reported losses. IACC claims counterfeiting is a $600 billion a year problem. Any way you look at it, crime is big business.

Full article: http://blog.domaintools.com/2013/05/the-big-business-of-c...

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