by Mike Masnick
Thu, Nov 13th 2008 11:07pm
One of these days, someone will do a fascinating study or book on the evolving nature of online crime. It's a constantly changing phenomenon that would be quite interesting to study. A few years ago, we noted that the ease with which script kiddies could jump into the phishing and online extortion market meant that margins were getting squeezed for older online organized crime groups who had focused on such practices in the past. Apparently, the big money now has moved away from standard phishing and into corporate espionage. Organized crime groups are figuring out ways to hack into company networks, suck up as much data as possible, and then sell it off to the highest bidder -- whether it's competing firms or foreign governments.
If you liked this post, you may also be interested in...
- UK Crime Agency's Latest Moral Panic: Kids Modding Videogames May Be A Gateway To Becoming Criminal Hackers
- Almost Every Word Of John McCain's Response To Chelsea Manning's Sentence Commutation Is Flat Out Wrong
- How 'Just Metadata' Helped Ruin A Career Diplomat's Life
- Nigerian Government Officials Abusing Cybercrime Law To Silence Critical Journalists
- Is The DNC Hacking A New Cold War... Or Just The Continuation Of What Every Intelligence Agency Does?