Re: Cybercrime as destructive as credit crisis

[John Bambenek <bambenek.infosec () gmail com>]

Compare 62 bil with the few trillion we've spent so far in mitigating 
the credit crisis (albeit quite wrongly spent money but that's besides 
the point).  What bank has been seized by FDIC over cybercrime?  I think 
the only company ever folded by cybercrime was Blue Security and that 
wasn't exactly a major player and some commentators have mentioned they 
employed less than honest tactics (I have no idea if that is true or not 
but perceptions are what drive actions, not facts, see politics).

j

Rob, grandpa of Ryan, Trevor, Devon & Hannah wrote:
> Date sent:            Thu, 20 Nov 2008 13:51:13 -0600
> From:                 Thomas Raef <traef () ebasedsecurity com>
>
>   
> > But don't you think cybercrime is much the same?
> >     
>
> I'm with you, Thomas.  I recall a 2006 FBI survey (done on 2005 data) indicating 
> malware related incidents had a huge *financial* impact: they estimated 62 billion 
> for 2005, US-wide.  Even allowing for over-reporting and lack of understanding, I 
> still think that's gotta count for something.
>
>
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