Bull Market for Cybercriminals

The Internet has helped thousands of businesses to automate processes that they previously conducted via phone and fax.

Unfortunately for investors, stock fraud is one of them.

No surprise, then, that the Web continues to be a popular avenue for thieves who want to steal money from investors. But the lengths criminals are using get more creative every day, according to industry researchers and law enforcement officials.

"The actual crimes we're seeing aren't all that different from what we saw ten years ago," says John Starks, chief of the Office of Internet Enforcement at the U.S. Securities Exchange Commission. "But the ways criminals are using the Internet to propel those schemes -- those are pretty interesting." Dark Reading - Desktop Security - Bull Market for Cybercriminals - Security News Analysis

Linked by shanmuga Wednesday, 6th December 2006 11:15PM