Internet fraudsters, motivated by money and armed with sophisticated technology, pose an increased economic threat as they steal private data from companies and individuals, the director of the U.S. Secret Service said on Thursday.
“There is no longer any doubt about that threat … With just a few key strokes, (online fraudsters) can disrupt our nation’s economy,” said Ralph Basham at the RSA Security Conference in San Francisco.
In addition to protecting the U.S. president, the Secret Service also helps to protect U.S. financial institutions.
Security analysts have warned that Internet hackers, once motivated by the thrill of shutting down computer systems, are joining forces with organized crime groups as they seek to profit from hacking into databases and stealing personal data through a variety of tactics, like phishing.
For this complete story, please visit Internet Fraud Threatens U.S. Economy – Secret Service.
