A US survey "State of the Net" conducted by Consumer Reports National Research Center, puts the cyber crime industry at $8 billion a year, and notes that there has been a steady annual increase in that number for the past five years.
That's the good news. The bad news is that, Consumer Reports says the problem will worsen as foreclosures and unemployment give rise to online scams. The increasing popularity of social networking creates opportunities for identity thieves. Already 13% of social network users report encountering some sort of fraud
According to Consumer Reports, 3.7 million Internet users did not have any sort of firewall on their home computers to protect them from hackers, while 7 million computer users --- that's one in 13 --- divulged their details to phishers during 2007-08. Among those victims, one in seven lost money.
Thursday, May 14, 2009
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