Organized crime is online, says Canadian watchdog

CANADA – Canada is moving into a new frontier of online-based fraud, according to the 25th annual Report on Organized Crime by Criminal Intelligence Service Canada. Hackers-for-hire are selling organized criminals the tools and services they need to break into brokerage accounts, reports the Vancouver Sun. Furthermore, criminals are using social networking sites like Facebook and Twitter to issue fake news releases and promotional material to potential victims. “Criminal groups are constantly adapting to exploit new opportunities for illicit profit and take advantage of communication and transportation technologies that increase the scope and range of their unlawful activities,” said RCMP Commissioner William Elliott.

Reference, Macleans: Need to Know dated August 21 2010 found here.

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