Organized Cybercrime

Overview of Organized Cybercrime in relation to cyber crime: [1]People ”marked for con” were targeted usually because of their wealth as well as on the basis of advance intelligence gathering by the fraudsters about their personal weaknesses, desires, and greedy tendencies if any. This information was then used to devise a promising ”get rich quick” scheme that could actually involve setting up false offices, gambling establishments, or other places to validate appearances of legitimacy. When the time was right, the fraudsters would spring their trap and make off with the money. In the ideal big con the victims marked for the fraud never know they have been ripped off until it is too late. They also never know the true identities of the perpetrators. Although billed as a fictional crime-adventure-comedy that took place in 1930s Chicago (long before the advent of computers), many criminal methods portrayed in The Sting are still used today by high tech criminals. Phishing schemes, for example, socially engineer potential victims to click onWeb sites appearing to be very legitimate in preparation for eliciting personal or financial information to be used for credit card fraud or identify theft.

Resources

Notes and References

1. By Samuel C. McQuade, III and Michael J. Kozak

Brenner, B. (2007). How Russia became a malware hornet’s nest. SecurityFocus Web page: https://searchsecurity.techtarget.com/news/article/0,289142, sid14_gci1275987,00.html; Krebs, B. (2006). Cyber crime hits the big time in 2006. Washington Post Web page: (internet link) washingtonpost.com/wp-dyn/content/article/ 2006/12/22/AR2006122200367.html; Poulsen, K. (2005, February 17). Feds square off with organized cyber crime. SecurityFocus Web site: (internet link) securityfocus.com/ news/10525; Reuters. (2002). Cybercrime is getting organized. Wired.com Web site: (internet link) wired.com/techbiz/media/news/2006/09/71793; Williams, P. (2001). Organized crime and cyber crime: Synergies, trends, & responses. Global Issues Web page: https://usinfo.state.gov/journals/itgic/0801/ijge/gj07.htm.

Organized Cybercrime

Organized Cybercrime