Fighting cybercrime in an economic downturn
Late last year, McAfee cybercrime strategist Pamela Warren predicted that cybercrime targeting consumers would be worse in a year. She was right.
Phishing e-mails related to tax refunds and vague ads recruiting people for easy money "jobs" that are basically online money launderers have continued over the past year, preying on people's economic hardship during the downturn.
"Cybercrime continues unabated and social engineering is at an all-time high in terms of the success rate," Warren said in a recent interview. "There are more opportunities for cybercriminals to make money, in part using forums to buy and sell stolen data... People are losing their life savings."
Meanwhile, budget crises in governments mean there are fewer law enforcement resources to fight cybercrime and help victims, according to Warren. "The state and local guys still have received no additional funds to help their communities, while the number of victims continues to grow," she said.
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--Caption by Elinor Mills
December 9, 2009 4:00 AM PST
Photo by: CNET
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