How Online Crooks Cost Us Billions
http://www.nationalcybersecurity.com/articles/124/1/How-Online-Crooks-Cost-Us-Billions/Page1.html
Grey McKenzie
National Cyber Security FounderCyber security watchdog & one of the nation's leading cyber security experts, Grey McKenzie is also the Founder of SpyCop Security Software.
His clients include members of the Department of Homeland Security, FBI, CIA, State & Local Law Enforcement.
He is regularly consulted by industry leaders regarding cyber security issues.
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By Grey McKenzie
Published on 11/10/2007
Somewhere in St. Petersburg, Russia's second city, a tiny start-up has struck Internet gold. Its dozen-odd employees are barely old enough to recall the demise of the Soviet Union, but industry analysts believe they're raking in well over $100 million a year from the world's largest banks, including Wells Fargo and Washington Mutual.
Their two-year rise might be the greatest success story of the former Eastern Bloc's high-tech boom - if only it weren't so illegal. But the cash may be coming from your bank account, and they could be using the computer in your den to commit their crimes.