RealNews

Experts Debate Whether Cybercrime Profits Surpass Drug Trafficking

A statement that cybercrime proceeds amounted to more than $105 billion in 2004, made Nov. 28 during a banking security conference in Riyadh, Saudi Arabia by U.S. Treasury advisor Valerie McNevin, is sparking push-back from experts who aren’t sure it’s on the mark. McNevin’s claim was reported by Reuters and widely circulated. While no one disputes that the cost of cybercrime can be devastating, several experts are questioning the profit claims. Full Story

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