Cybercrime outpacing physical crime?
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- March
- 28
Overall losses due to cyber-crime now exceed the costs of physical crime by some estimates, according to a report released today by the American Bar Association examining trends in criminal justice issues. The report, titled, “The State of Criminal Justice, 2006,” examines the most up to date data available, according to a press release issued by the association. Although the press release contains no details about the methodology used, if the basic data is correct, it would seem to indicate a need for a fundamental shift in police training and resource allocation to combat high-tech crime. The Journal News/LoHud.com has ordered a complete copy of the study and more in-depth reporting will follow.
This entry was posted
on Wednesday, March 28th, 2007 at 5:49 pm by Bill Hughes.
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Are you really surprised? Compare:
“The estimated dollar loss attributable to property crimes (excluding arson) in 2004 was $16.1 billion, representing a 5.0‑percent decrease when compared with the 2003 estimate.”
http://www.fbi.gov/ucr/cius_04/offenses_reported/property_crime/index.html
...vs one single white collar crime:
“Ebbers deserves prison for betrayal of investors and corporate America. It took a blue-collar jury eight days to convict former WorldCom CEO Bernard Ebbers Wednesday in an $11 billion white-collar crime that cost shareholders billions of dollars and wiped out jobs and savings for thousands of employees, as well as saddling major U.S. businesses with costly new oversight regulations.”
From “Judgment at WorldCom,” The Journal News, March 17, 2005. wst2005031710152614
(Now, add Enron and other corporate shenanigans…) If you want to be a successful crook, carry a computer (or perhaps a MBA) instead of a gun.
(Yeah, yeah, w/r/t cybercrime, this study is probably talking about phishing, keylogging, and other hacking-type of stuff, but still…)
as more and more companies require online payments. there will be more cyber-crime and ID thefts.
One need only look at the TJX (TJMaxx/Marshall’s) data theft, where information from 45.7 million credit/debit cards was stolen from their computers, to say that it doesn’t matter whether you shop online or offline.
But the fact the information is available online. is an issue.