Experts: Cyber-crime as Destructive as Credit Crisis

Fontaine · Nov 22, 2008

http://www.pcmag.com/article2/0,2817,2335073,00.asp?kc=PCRSS03069TX1K0001121

Cyber-crime is likely to wreak as much havoc as the credit crisis in the coming years if international regulation is not improved, according to some of the world's top crime experts. Damage caused by cyber-crime is estimated at $100 billion annually, says Kilian Strauss, of the Organization for Security and Cooperation in Europe.
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Hope governments don't use the so-called war on cyber-crime as a reason to regulate industry.

Calls for greater regulation of the internet come at a time of regulatory renaissance, with policymakers looking to bolster the powers of financial sector watchdogs in the wake of the global financial crisis.
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edit: forgot to add link

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Experts: Cyber-crime as Destructive as Credit Crisis

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Experts: Cyber-crime as Destructive as Credit Crisis

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