Tuesday, July 28, 2015

The World Wide Web, the New Frontier in Fraud - The New York Times

Final paragraphs

"We have become accustomed to hearing about computer network attacks and identity theft involving a number of different companies. And the controversy about Bitcoin being involved for illegal transactions is nothing new.

Yet, unlike other types of white-collar crime such as insider trading, prosecutors are struggling to even identify suspects behind these attacks, let alone preventing them from being so profitable.

In the Old West, it was a matter of chasing down train robbers like Butch Cassidy and the Sundance Kid. Today, it requires penetrating the layers of secrecy provided by the Internet and countries that encourage bank secrecy. It is easy to see that a crime has taken place, but getting the robbers is more difficult than ever."
The World Wide Web, the New Frontier in Fraud - The New York Times
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