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Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

March 14, 2006 at 11:20 AM

The new cybercrime mafia

U.S. businesses say cybercrime is now costing them more than physical crime, according to a new survey out today from IBM.

The 600 information technology managers surveyed blamed tech-savvy organized criminal groups, but they also thought that many threats to corporate security are coming from insiders. Companies are losing substantial revenue, customers and employee productivity to cybercrime, and they expect help from law enforcement.

Consumers are also increasingly the targets of sophisticated phishing schemes to steal personal data, but the surveys found that most consumers did not hold law enforcement responsible for protecting them from cybercrime.

Maybe they should. Seattle, the 23rd most populous U.S. city, was ranked 17th by the number of identity theft victims on a per capita basis, according to the Federal Trade Commission. Washington, the 15th most populous state, was the eighth most targed by cybercrime with more than 5,600 ID theft victims in 2004.

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