BBC News - Anti-cyber threat centre launched
Richard Clayton
richard at highwayman.com
Thu Mar 28 12:41:03 GMT 2013
In article <F6FD81DC-6A74-48F8-B3D0-F56C23E01C9B at batten.eu.org>, Ian
Batten <igb at batten.eu.org> writes
> http://www.bbc.co.uk/news/uk-21945702
>
> I'm really sceptical about this sort of story. Incredible (in
> every sense) claims are made as to the cost of cyber-crime, but
> there doesn't seem to be any evidence for it.
there is evidence of the cost of cybercrime... but the numbers are small
compared with the billions (or trillion) often put forward:
http://weis2012.econinfosec.org/papers/Anderson_WEIS2012.pdf
our comment on this specific topic, after we'd reviewed the (lack of)
evidence for the cost of cyber-espionage
A third part is the claim that $2.2bn per annum is lost to
extortion, with the comment that 'we believe this type of
cybercrime goes largely unreported'. This is a very old and
persistent claim made by security salesmen. One of us (Anderson)
recalls working for a bank a quarter century ago and hearing it;
even when it was truthfully denied, the salesmen persisted "we
know it happens but you're not allowed to tell anyone" until
escorted to the door for impertinence. Extortion does occasionally
happen -- there was a widely reported case in 2004 when DDoS was
used against online casinos and $4m was paid before the gang was
arrested [39] { but like kidnapping, extortion is a hard crime to
get away with, as money-laundering isn't trivial when the sender
of the funds wishes to track down the recipient and has the active
collaboration of the police.
In sum, because there is no reliable evidence of the extent or
cost of industrial cyber-espionage and extortion, we do not
include any figures for these crimes in our estimates.
[39] John Leyden. Russian bookmaker hackers jailed for eight
years. http://www.theregister.co.uk/2006/10/04/russian_bookmaker_h
ackers_jailed/, 2006.
--
richard Richard Clayton
They that can give up essential liberty to obtain a little temporary
safety deserve neither liberty nor safety. Benjamin Franklin
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