McAfee's latest criminology report highlights important issues

McAfee came up with a report that discovers the ways in which malicious individuals across the globe can use the recession to compromise networks and steal data.

McAfee, known as the security solutions provider, announced findings from its annual cyber security study. There the experts warned that the recession caused the fraudulent activity. And consumer fear and general anxiety inspire cyber criminals for new attacks. According to the company's virtual criminology report cyber security is not enough of a priority around the globe for real headway to be made against the perpetrators of online crime, especially during the ongoing economic downturn. Moreover, financial losses help fraudsters to find more victims. 
According to Dave DeWalt, CEO and president of McAfee, cyber criminals are exploiting the global recession by luring susceptible victims with the promise of easy money. Even though the attention of governments and law enforcement bodies focuses on economic crisis, cyber criminals continue to target bank balances and to damage the consumer trust needed to aid economic recovery. And in order to fund the resources needed to combat cyber crime, it is needed to streamline law enforcement efforts and coordinate police actions across national borders. This year's report from McAfee showed that cyber criminals continue to use old-fashioned ‘get rich quick' scams and make profit.

Moreover, the report continues that as governments are focusing on the global economic downturn, the fight against cyber crime slips down their agenda of priorities, creating an opportunity for online crime to escalate in severity. McAfee also warns that law enforcement is still bound to physical national boundaries, while cyber criminals operate fast across borders. Communication between countries remains inconsistent and limited. Local issues and priorities take precedence over global efforts and international laws are being implemented with regional variations that impede the ability to negotiate jurisdiction and extradition between countries.