Secret Service: Internet fraud threatens U.S. economy

SAN FRANCISCO — Internet fraudsters, motivated by money and armed with sophisticated technology, pose an increased economic threat as they steal private data from companies and individuals, the director of the U.S. Secret Service said Thursday.

"There is no longer any doubt about that threat ... With just a few key strokes, (online fraudsters) can disrupt our nation's economy," said Ralph Basham at the RSA Security Conference in San Francisco.

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Story by:  Spencer Swartz, Reuters