Credit-card theft, bank fraud and electronic spying are cheaper and easier because of the Internet. There's evidence that China and Russia have hacked into defense contractors and even the Pentagon. Barack Obama is being urged to create a Center for Cyber Security Operations to be overseen by a special White House advisor.
Cyber-warfare and Weapons of Mass Annoyance
James Lewis - Center for Strategic and International Studies - @james_a_lewis, John Arquilla - Professor of Defense Analysis, Naval Postgraduate School, Sami Saydjari - CEO, Cyber Defense Agency, Jim Dempsey - Center for Democracy and Technology