Cybercrime Looms Large on the Horizon

It appears clear that the global economy has slipped into recession. Weak financial and housing markets have begun to translate into delayed IT projects and orders for new equipment, software and related services. This represents the first wave of a slowing business climate and this trend is likely to worsen. Several projects will be canceled and companies will begin to slow pay their bills as a way to conserve cash or worse yet make payroll. We can expect layoffs across all industries which will create opportunity for companies who are still in growth mode.

I believe that these forces are supporting the "Perfect Storm" for Cybercrime. Big clouds are forming on he horizon. An article in today's USA Today reaffirms my belief (USA TODAY) http://www.usatoday.com/money/industries/technology/2008-11-11-thieves-cyber-corporate-data_N.htm

Successful proof of concept that cybercrime is technically and financnially viable using currently available technology is on the rise. This flames of this trend will be fanned by a lack of governmental organization and coorindation and declining econonmic conditions all point toward the onslaught and rapidly increasing cybercriminal activity over the next 5 years.