Cybercrime Productivity Tools
Stealing ten million dollars a few hundred dollars at a time used to be too labor-intensive to be a great business. Not anymore. The Internet and advances in semiconductor technology are revolutionizing theft and fraud. Thieves can now steal tens of millions of dollars at very high profit margins from low-value targets–at very low cost to themselves.
The recent indictment of a global hacker ring by federal prosecutors is a harbinger of cybercrime’s future. The ring stole 160 million credit card numbers and sold the data for about $10 per USA card. The same group stole information on 800,000 bank accounts. […]