By Chua Hian Hou

ORGANISED crime syndicates are raking in fat profits in cyberspace, and becoming one of the biggest online menaces.

Such professional cyber-gangsters are among the quickest to use new technology to, say, hijack and loot online banking or video game accounts. Some are making big bucks renting out hacking tools to others less skilled to cause havoc, say security experts.

According to Ministry of Home Affairs (MHA) IT security consultant Yu Chien Siang, such crime syndicates have been quick to realise the promise of cyber-crimes - which can be more profitable than peddling drugs in the real world - and swiftly 'reinventing' themselves to become high-tech hacking gangs.

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