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Does Fraud Threaten The Foundations Of The US Economy?

It sounds pretty scary. After all, you have a US Secret Service agent claiming that as online scams and frauds get more sophisticated, it could threaten the US economy. This might be a bit overblown, however. While it is clear that online scams are popular, and getting more sophisticated, it's still quite a leap to suggest that they're putting the entire economy at risk. In fact, if you look at how much money is being brought in by computer security people (or being invested in them) you might get the sense that all of this fearand uncertainty over online security threats is actually helping portions of the economy. Not to downplay the risks associated with sophisticated attacks on financial institutions, but it seems like this claim may be a bit overblown right now. [via Techdirt]

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