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Cybercrime On The US Government Made Internet Is $338B Per Year, Greater Than Drug Trade
ZDNet ^ | September 7, 2011 | Zack Whittaker

Posted on 08/01/2012 1:31:46 AM PDT by ExxonPatrolUs

Norton reports that cybercrime is costing the global economy $338 billion a year, overtaking a still a lucrative trade in the underground drugs market.

For every second that goes by, 19 people worldwide fall victim to some form of online crime, most commonly social network hacking and credit card fraud.

The report suggests that more than 69 percent, at two-thirds of online adults, have fallen victim to cybecrime; a figure that is still on the rise.

Symantec, the anti-virus maker who issued the report, noted that it takes U.S. authorities nearly twice as long to resolve cybercrime than its British counterparts.

89 percent of respondents to the research say that "more needs to be done to bring cyber-criminals to justice". But from a criminological point of view, the justice system barely gets a foot in the door.

Law enforcement across sovereign boundaries is hampering the efforts in bringing those to appear before the courts.

And, with more devices rolling off the manufacturing line into the shops, there is a far greater scope and points of penetration than before. Along with the still developing NFC technology to allow cashless payments under a certain limit, mobile devices are increasingly becoming our mobile wallets, for applications and games, music and video content.


TOPICS: Chit/Chat
KEYWORDS: al; gore; government; internet

1 posted on 08/01/2012 1:32:00 AM PDT by ExxonPatrolUs
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To: ExxonPatrolUs

How are they even calculating such a vast figure? Sounds like bogus numbers made up to advance the cause of regulating the internet.


2 posted on 08/01/2012 2:02:01 AM PDT by Utmost Certainty (Our Enemy, the State)
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To: Utmost Certainty

No, they’re still in the “If it moves, tax it” phase. Next will be the regulations, then subsidies.


3 posted on 08/01/2012 2:20:27 AM PDT by poobear (Socialism, in the minds of the elites, is a con-game for the serfs, nothing more.)
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To: ExxonPatrolUs

Number 1, you are supposed to use the article title. You didn’t!

Number 2, your made up title is a mockery of the English language & makes NO SENSE!

Moron!


4 posted on 08/01/2012 4:02:09 AM PDT by Mister Da (The mark of a wise man is not what he knows, but what he knows he doesn't know!)
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To: Utmost Certainty

I don’t think it’s purpose is to regulate. I believe the authority in the article sells security software.

But I do believe cybercrime is huge.


5 posted on 08/01/2012 4:27:02 AM PDT by D-fendr (Deus non alligatur sacramentis sed nos alligamur.)
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To: Mister Da

Da govmint taght me engrish so I cud built thes sentenseses. I dud nut built et un me own. Eat more Chiken Freakers!


6 posted on 08/01/2012 8:06:16 AM PDT by ExxonPatrolUs (Gov The People, Buy The People, Bore The People.)
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