Sunday, March 05, 2006

Sopranos Go After the Data

Have you every watched the Sapranos on television? Or , any mafia movie for that matter? They seem to always be hijacking trucks: What are they after? Well, they steal cigarettes, razor blades, electronics: Things that are easily converted into cash. These are called fungible items.

In today's world, financial identities are fungible items. A good financial identity will get $2 on the open Internet. Moreover, there are a number of scams that allow less than $10,000 to be converted into $1.5 million with virtually no risk of being caught.

I am not writing this to encourage any of you to get into the Internet scam business. Rather, I write this to underscore why so many businesses and individuals are under very intense attack over those financial identities. These attacks are increasing and will be looking for new targets and new victims.