Someone told me about this jaunty computer bilk long ago. Data processor Smith, working in Payroll at Gog and Magog Corp., noted that each time employees were paid, oh, $243.013 the IBM or Xerox would round off to $243.01; 0.003 didn’t print out anywhere—it had no existence. So Smith instructed the computer to deposit every fragment of take-home in his personal bank account— 0.003 X 10,000 workers X 52 is a decent annual incentive bonus. That was 1972 or so: since, computer crime has become as prevalent and sophisticated as fresh, resistant gonorrhea viruses.
I have a free-market definition. No new industry or form of commerce can be considered profitable until some criminal claque has been drawn to it. What ain’t worth stealing, ain’t. A Smithsonian magazine article has it that between $300 million and $5 billion is gouged annually by electronic rustling.





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