I read this story earlier, shook my head and moved on. Then I saw that competitor Richard Steinon had blogged on this one and figured I’d step in and agree with him (fancy that). He think it’s bunk.
Here’s the silly story:
Global cyber-crime generated a higher turnover than drug trafficking in 2004 and is set to grow even further with the wider use of technology in developing countries, a top expert said on Monday.
No country is immune from cyber-crime, which includes corporate espionage, child pornography, stock manipulation, extortion and piracy, said Valerie McNiven, who advises the U.S. Treasury on cyber-crime.
“Last year was the first year that proceeds from cyber-crime were greater than proceeds from the sale of illegal drugs, and that was, I believe, over $105 billion,” McNiven told Reuters.
Link here.
There’s even a reference to “human trafficking”. Woah.
We really need some facts here to understand what exactly is being lobbed into “Cybercrime”.
Meanwhile, the REAL news that November was the 194th anniversary of the Luddite uprisings, and my subsequent proclamation that November was to be National Luddite Remembrance Month was completely ignored by all.
It’s ok. I’m ok. I just need some time.
Alex Eckelberry