The Cybercrime Economy - Security Blog - InformationWeek
The Cybercrime Economy
Posted by Thomas Claburn, Apr 9, 2008 08:33 PM
Dot-coms daunted by the financial downturn would be well advised to look to the cybercrime economy.
Cybercriminals "have very sound business models," said Joe St Sauver, manager of Internet2 Security Programs through the University of Oregon at an RSA Conference panel on Wednesday, "better than many corporate business plans I routinely see."
The conference session, "Deconstructing the Modern Online Criminal Ecosystem," offered interesting insight into the way the Internet's black market works.
While most of the security professionals I've spoken with at RSA expressed optimism about dealing with future cyberthreats, I find it hard to see where that optimism comes from, given the economics of cybercrime as explained by the participating panelists.
I agree with the writer. Such optimism isn't going to take us anywhere. The internet has redefined our lifestyles.
It has also opened up new ways to commit crime. The whole approach to this should be different. We should be clear about a few things. The internet should be a free and open space accessible by the public. Their actions or opinions shouldn't be looked upon a big brother attitude. But those who engage in cybercrime should be penalised strongly.
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