Does Fraud Threaten The Foundations Of The Economy?
from the might-be-a-bit...-extreme... dept
It sounds pretty scary. After all, you have a Secret Service person claiming that as online scams and frauds get more sophisticated, it could threaten our very economy. This might be a bit overblown, however. While it is clear that online scams are popular, and getting more sophisticated, it’s still quite a leap to suggest that they’re putting the entire economy at risk. In fact, if you look at how much money is being brought in by computer security people (or being invested in them) you might get the sense that all of this fear mongering about online security threats is actually helping portions of the economy. Not to downplay the risks associated with sophisticated attacks on our financial institutions, but it seems like this claim may be a bit overblown right now.