A Good Decade for Cybercrime

Cybercrime is one of the most successful and lucrative industries of our time, growing by double digits year after year. Over the last decade, cyber crooks have developed new and sophisticated ways to prey on an explosion of Internet users, with little danger of being caught. Meanwhile, consumers face greater risks to their money and information each year.

A few famous exploits illustrate different eras of cybercrime:

“I Love You” worm’s false affection: $15 billion estimated damage

Emails with the subject line “I love you” proved irresistible in 2000. Millions of users downloaded the attached file, which was supposedly a love letter but was actually a virus. This infamous worm cost companies and government agencies $15 billion.

MyDoom’s mass infection: $38 billion estimated damage

This fast-moving worm, which first struck in 2004, tops McAfee’s list in terms of monetary damage. It delivered enough spam to slow global Internet access by…

Read the full article at mcafee.com

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