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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?"

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