Cybercrime Is The Modern-Day Mafia

Organized crime is nothing new. Mob gangsters and mafia families have been romanticized as the stuff of legend since the days of Prohibition. Just as the Internet has transformed the way we access information, shop, interact with each other, and conduct business, it has also completely altered the world of organized crime.

Crime is no longer confined to traditional brick and mortars–it’s all online. While the information and payout criminals are looking to attain are a bit different than in decades past, these are still thugs and true criminals. Now, however, they have the shield and anonymity of the Internet to hide behind.

It took a while for organized crime to adapt to cybercrime. I suppose it was a generational issue just as adoption of the Internet and cutting edge technologies are for the rest of society. Entrenched crime bosses probably shunned the Internet in favor of the proven business model they had used for decades. As younger criminals elevated through the ranks to take command, though, they saw the potential for crime on a massive scale with significantly less risk of arrest or physical harm.

It’s also possible that organized crime online is more or less organic—a logical evolution of Internet crime as cybercriminals band together to pool resources. The reality is probably somewhere in the middle—a combination of grassroots cybercrime organizations and traditional mafia operations transforming to embrace the Internet.

Full article read here – http://www.forbes.com/sites/tonybradley/2015/10/16/cybercrime-is-the-modern-day-mafia/

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