Economic recession to spur ‘dramatic increase’ in cybercrime - TotalCIO

As economic pressures mount, companies will also likely see dramatic increases in employee misuse of data, Snyder predicts, recounting a recent conversation with someone at a major financial institution. “They said that since September there has been a two-fold increase in petty financial crimes, employee-caused –$2,000, $4,000, $6,000 being taken out of bank customer’s account by an employee — not massive theft, but it all adds up.”

Economic recession to spur ‘dramatic increase’ in cybercrime - TotalCIO