Wednesday, August 6, 2008
Automating and Covering Up White Collar Crime
Yesterday's papers reported that an international ring of computer hackers, including three US citizens, had been charged for stealing 40 million credit card numbers. The Economic Times reports that "the men targeted at least nine major US retail corporations, including "Marshalls and TJ Maxx; BJ's Wholesale Club; Barnes and Noble; Sports Authority; Office Max and DSW shoe stores." NPR reports that retail stores failed to notify consumers, which violates consumer laws. These crimes undermine confidence in the economy, particularly the Internet. NPR also reports that cyber crime now rivals drug crimes in lucrativeness.