Organized crime is funded by cybercrime

Date: July 26, 2007
Source: darkreading.com


For months now, the feds have said organized crime was moving into the realm of cybercrime, using hackers to run scams and break into systems.

But Assistant U.S. Attorney Erez Liebermann, chief of the computer hacking and intellectual property section in New Jersey's U.S. Attorney's Office, says cybercrime has been so profitable for organized crime that they're now using it to fund the rest of their underground operations.

"In terms of the risks and rewards, there's a higher chance of getting more, financially, using the world of computer crime. Organized crime is realizing this," he said. "We have suspicions of organized crime being behind some cybercrime that we're investigating here. The Attorney General has issued reports about organized crime and terrorist links using computer crime, hacking and intellectual property crimes as a way of raising revenue. It's being used to fund organized crime."

Analysts at Websense, a Web security company, reported late last year that the mob was expected to band together more closely with hackers in 2007 to form a more organized cybercrime community.
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