Black market for hackers

    Date23 Aug 2010
    Posted ByAnthony Pell
    Criminal organizations are calling on black market hackers-for-hire, where they can buy the tools and services they need to break into brokerage accounts, says a new report by Canada's crime watchdog. It's one example of a new frontier of online-based fraud that exists for organized crime in this country, says the 2010 25th annual Report on Organized Crime by Criminal Intelligence Service Canada.

    The report, released Friday, focuses on securities fraud, and states the size and complexity of schemes help conceal criminal activity, generate ample profits and facilitate tax evasion.

    It said social-networking websites are allowing criminals to efficiently and anonymously issue fake news releases and promotional material to potential victims.

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