Sizing up cybercrime

Wednesday, 1 August 2007, 11:10 AM EST

With just a few simple clicks of a mouse, today’s ruthless cybercriminals can turn anything from stolen bank account information to e-mail cookies into monstrous profits. With such an elaborate and sophisticated underground fraud economy, cybercriminals are seeing nothing but dollar signs.

A credit card from a United States-based bank goes for between US$1 and US$6, while someone’s complete identity—including Social Security number, bank account information, credit card data, mother’s maiden name, and date of birth—can be purchased for the bargain price of just US$14 to US$18.

At ES.

[ Read more ]




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