Cybercrime More Profitable than Drugs PDF  | Print |  E-mail

They say crime don’t pay but if you still choose to pursuit this line of work cybercrime seem to be the best choice. Valerie McNiven, former World Bank security expert and currently a US Treasury advisor, reported that the total losses from electronically-related crime surpass $105 billion in 2004 and for the first time over-taking drugs as the number one high-profile criminal activity.

McNiven’s definition of cybercrime includes direct fraud, corporate espionage, manipulation of stocks, child pornography, cyber-extortion and various forms of piracy.

For the full report see TechWorld
 
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