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Computer Crime outpaces Illegal drug sales

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  • Computer Crime outpaces Illegal drug sales

    There is a short but interesting article on money.cnn.com
    http://money.cnn.com/2005/12/29/tech...ex.htm?cnn=yes

    The Treasury Department says that cyber crime has now outgrown illegal drug sales in annual proceeds, netting an estimated $105 billion in 2004, the report said.

    At the same time, the Department of Homeland Security's 2005 research budget for cybersecurity programs was cut 7% to $16 million.
    Granted, these are all someone's estimates.
    --bc,

  • #2
    Originally posted by big chopper
    Granted, these are all someone's estimates.
    therein lies the big caveat. i personally would refuse to believe that just about anything is larger in sheer scale than the trade of "illegal" drugs in the united states. the abject lunacy as the War on Drugs (TM) has its foundation in the fact that everybody who wants drugs can get them at any time with little to no risk or cost. couple this together with the fact that something like one third of the country are illegal drug users and you have what can pretty safely be estimated to be the largest segment of the underground marketplace in modern human history.
    Last edited by Deviant Ollam; December 31, 2005, 11:31.
    "I'll admit I had an OiNK account and frequented it quite often… What made OiNK a great place was that it was like the world's greatest record store… iTunes kind of feels like Sam Goody to me. I don't feel cool when I go there. I'm tired of seeing John Mayer's face pop up. I feel like I'm being hustled when I visit there, and I don't think their product is that great. DRM, low bit rate, etc... OiNK it existed because it filled a void of what people want."
    - Trent Reznor

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    • #3
      Most of the Bush Administrations Budget is un-accounted for, it's probably more than Two Hundred Billion too! I like when CNN shows local state liqour store robbery segments when war is breaking out.
      Last edited by VAX_to_PBX; December 30, 2005, 18:31.

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      • #4
        The article probably has no merit, but this is what people are reading.
        --BC,

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        • #5
          Originally posted by big chopper
          The article probably has no merit, but this is what people are reading.
          oh, i didn't mean to have my comments seem as if i was critical of you for posting it. (don't know if you took it that way at all) i appreciate it being brought to our attention, as i'm certain that many people here might be conflicted regarding how to feel about these figures.

          i mean, on the one hand, an article like this might cause enough public outcry that some small portion of the War on Drugs (TM) budget dollars could be pulled and put to better use (most likely a teeny-tiny portion, unfortunately, when i'd be happy seeing the entire federal allotment cut by about three fourths, with the remaining funds put exclusively into education and treatment programs) but then, any additional money that is funnelled into cybercrime units would be put towards god-knows-what end... going after kazaa nodes and warez sites as opposed to eBay fraud and nigerian scams.

          truth be told, the most likely outcome of any public agitation would be to simply throw more money into the cybercrime budget (while simultaneously upping the War on Drugs (TM) funding as well, for good measure) by means of additional taxes or borrowing from the pockets of Interior, Transportation, and the few other underfunded segments of the State that actually accomplish anything.
          "I'll admit I had an OiNK account and frequented it quite often… What made OiNK a great place was that it was like the world's greatest record store… iTunes kind of feels like Sam Goody to me. I don't feel cool when I go there. I'm tired of seeing John Mayer's face pop up. I feel like I'm being hustled when I visit there, and I don't think their product is that great. DRM, low bit rate, etc... OiNK it existed because it filled a void of what people want."
          - Trent Reznor

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          • #6
            So lemme get this straight...online fraud and other computer crimes outweigh drug trafficking in the amount of illegal funds getting distributed? I highly doubt it and besides, most statistics are bullshit. I think that when I go to class later I'll use the Law resources online and see what I can find because although there's money in computer crimes...I really doubt that there is THAT much.

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            • #7
              So next we will be hearing rappers rapping about their bling-bling and phishing scams?
              Happiness is a belt-fed weapon.

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              • #8
                Originally posted by che
                So next we will be hearing rappers rapping about their bling-bling and phishing scams?
                Yes, the game has flash, but sometimes hurts
                Behind any mistake, hard times lurks
                And jail's not your only problem, though you may find
                You just may die by a barrage from a... $11 billion fine

                Nah, doesn't quite have the same feel to it...
                45 5F E1 04 22 CA 29 C4 93 3F 95 05 2B 79 2A B0
                45 5F E1 04 22 CA 29 C4 93 3F 95 05 2B 79 2A B1
                [ redacted ]

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                • #9
                  Articles like this in my opinion are written mainly to cause some type of public outrage while steering away from actual truths. Not that most of the news we receive isn't in some way distorted.

                  Originally posted by bascule
                  Yes, the game has flash, but sometimes hurts
                  Behind any mistake, hard times lurks
                  And jail's not your only problem, though you may find
                  You just may die by a barrage from a... $11 billion fine

                  Nah, doesn't quite have the same feel to it...
                  Bascule, sometimes you really scare me.
                  "It is difficult not to wonder whether that combination of elements which produces a machine for labor does not create also a soul of sorts, a dull resentful metallic will, which can rebel at times". Pearl S. Buck

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                  • #10
                    well wether that is good news or bad news i can't decide but the fact that the budget is going down is good news all around.
                    A Signature

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                    • #11
                      Yet ANOTHER article on the same subject...
                      http://news.com.com/Computer+crime+c...3-6028946.html
                      Here the FBI makes the estimate at $67 billion.
                      This estimate includes the cost of recovering from virus infections. I wonder how many of those infections are facilitated by Outlook...
                      --BC,

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                      • #12
                        Those numbers are a bit inflated, it is one of those "lets scare people" stories. The internet is dangerous and all, but with several safe guards your grandma's data should be safe. Doesn't this rather large number not really jive with the amount of money the goverment is spending on the issue?
                        ~:CK:~
                        I would like to meet a 1 to keep my 0 company.

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