It wouldn’t be a moment too soon:

I painfully predicted a few years back that phishing and related identity theft would result in class action suits. I lost my bet as it didn’t happen fast enough, but a significant step has been taken (reported by Lynn) with the publication of a book that apparently blames the banks and the software manufacturers for identity theft.

— Signs of Liability: ‘Zero Day Threat’ blames IT and Security industry, Ian Grigg, Financial Cryptography, April 14, 2008

The book review iang quotes gets it about online crime not being amateur anymore: it’s organized. And it gets it about perhaps a more important point: Continue reading →