Cybercrime: is it out of control? by Misha Glenny

Posted in: Legal & Security at 22/09/2011 18:49

Spam, phishing, viruses, malware and identity theft ... cyber criminals are getting more audacious. Can anything be done?

In April this year, I was invited to give a talk on the psychology of hackers to Fidelity National Information Services (FIS) at its annual get-together in Milwaukee. FIS is one of the biggest providers of technology and card services to the banking industry worldwide. Unsurprisingly, cyber security is among its top priorities.

The talk went well and when answering the audience's questions, I referred to a recent cybercrime case in Calgary, in Alberta, Canada, in which a cyber gang had hacked into the computer system of a company that provides pre-paid debit cards. These are familiar overseas and also offered by some British banks, aimed at young people and those who can't get credit through the normal channels.

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