The Inquirer-Home

Cyber-crime "earns more money than drugs"

McAfee man sees monkey flying out of butts
Wed Sep 19 2007, 10:46
INSECURITY OUTFIT McAfee claims that cyber-crime earns bad guys more money than drugs.

In a keynote address at the Information Week 500 conference in Tucson, McAfee CEO David DeWalt said that the trade has become US$105 billion business. It is not clear where he got his figures from. Probably the Royal Canadian Mounted Police.

According to ITNews, he said it was amazing how low the awareness is of cyber-security threats was among government officials and corporate executives.

DeWalt claimed that the world had "flattened", which would be a bit of a shock to Christopher Columbus, and McAfee had seen a significant amount of emerging threats from increasingly sophisticated groups attacking organisations around the world.

DeWalt thinks that there are too many companies in the security market trying to fight all this crime and there will be a bit of consolidation.

This will mean a transition from multiple security agents on desktops and laptops to what McAfee terms "unified threat management," with a "single pane of glass" that allows IT managers to manage systems and devices across the entire network through a single console.

At the INQ we have been reporting that there were plenty of Central Unified Network Threat Systems in the Anti-Virus industry for ages. However, we are not sure how a lump of glass can stop a virus.

We also think DeWalt must know a thing of two about a hallucinogenic drugs. How else does he think anyone with any sense will believe a word he says? µ


Share this:

blog comments powered by Disqus
Subscribe to INQ newsletters

Sign up for INQbot – a weekly roundup of the best from the INQ

INQ Poll

Heartbleed bug discovered in OpenSSL

Have you reacted to Heartbleed?