There are a number of answers to the question "why is there so much cyber crime?" But for me, the first answer on the list, the one that has been ignored by most of the talking heads who've been hashing over the scant details of the Target breach on TV, looks like this:
An academic study published in 2012 put the total U.S. law enforcement spend on the fight against cyber crime at $200 million per year. I decided to be generous in my chart and rounded it up to $250 million.
The figure of $15 billion is often cited as the annual cost of the war on drugs, so apparently that is 60X more important than cyber crime. We know from the Snowden revelations that spy agencies spend over $52 billion per year, so apparently we think that what they do is 200X more important than fighting cyber crime.
How about we shave $0.5 billion off the intelligence agency budgets and spend it on bringing cyber criminals to justice? That's a 3X increase over what we spend right now. That might well be enough to put a significant number of perpetrators behind bars, including the ones we could afford to bring to the U.S. from other countries, thereby tipping the risk/reward equation against the bad guys and in the favor of honest citizens.
I'm writing to my representatives in Washington to tell them what I think our priorities should be. I'm sending them this chart. If you agree, I invite you to send it to the folks who are supposed to be representing you.