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The Cybercrime Wave That Wasn't 85

retroworks writes "Dinei Florencio and Cormac Herley write that cybercrime depleted gullible and unprotected users, producing diminishing returns (over-phishing). They argue that the statistics on the extent of losses from cybercrime are flawed because there is never an under-estimation reported. Do they underestimate the number of suckers gaining internet access born every minute? Or has cybercrime become the 'shark attack' that gets reported more often than it occurs?"

"Necessity is the mother of invention" is a silly proverb. "Necessity is the mother of futile dodges" is much nearer the truth. -- Alfred North Whitehead