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Sunday, February 22, 2009 12:51:19 AM
The bear economy is creating a bull market for cyber-crooks. Experts and law-enforcement officials who track Internet crime say scams have intensified in the past six months, as fraudsters take advantage of economic confusion and anxiety to target both consumers and businesses. Thieves are sending out phoney emails and putting up fake Web sites pretending to be banks, mortgage-service providers or even government agencies like the Federal Bureau of Investigation or the Federal Deposit Insurance. Mobile and Internet-based phone services have also been used to seek out victims. The object: to drain customer accounts of money or to gain information for identity theft. Vice president of Internet-technology research company Gartner, Avivah Litan said clients are telling her that cyber-assaults on many banks have doubled in the past six months in the US and other parts of the world, including the UK, Canada, Mexico and Brazil. Though most are thwarted by computer-security defences, such as spam filters and fraud detection systems, which still leaves potentially millions of victims
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