Start your day with intelligence. Get The OODA Daily Pulse.
Cybercrime, long a painful side effect of the innovations of Internet technology, is reaching new dimensions, security experts say. Spurred by a tightening economy, the increasing riches flowing through cyberspace and the relative ease of such crimes, technically skilled thieves and rank-and-file employees are stealing millions if not billions of dollars a year from businesses in the United States and abroad, according to consultants who track cybercrime. Thieves are not just diverting cash from company bank accounts, these experts say. They are pilfering valuable information like business development strategies, new product specifications or contract bidding plans and selling the data to competitors. Full Story