A warning about cybercrime
April 22, 2011 Internet, communications policy 1 CommentBy Dalwhinnie
U.K. Foreign Secretary William Hague tells some startling truths about the net’s capacity for on-line pillage.
The intelligence reports I see as Foreign Secretary show that just one criminal computer programme can harvest over thirty gigabytes of stolen passwords and credit card details from over a hundred countries in a matter of days, causing millions of pounds worth of fraud. Over 40,000 pieces of sensitive information and financial data are traded on the online black market every day, amounting to 13.2 million criminal transactions every year.
Read more of his speech here.
What has always impressed me about the scoundrels I have met in the Internet world is the second by second automation of fraud and theft, and the consciouslessness of its perpetrators. They go to sleep in well feathered beds and wake up richer, thanks to your and my poor computer security.

