When the website of the Central Florida Educators\u2019\n Federal Credit Union was attacked by phishers last August, CIO\n and VP of Marketing Kevin Dougherty\u2019s first instinct\n wasn\u2019t to call the police. Though he did eventually\n contact the FBI, \u201cunless you can say you were hit with\n some very large dollar amounts I don\u2019t think they have\n enough people to deal with this,\u201d he says.And so CIOs like Dougherty are assembling crime-fighting\n coalitions from among consultants, vendors and telecom\n providers. There\u2019s a historical parallel, says Peter\n Cassidy, secretary general of the Anti-Phishing Working Group.\n When banks opened up 150 years ago, there wasn\u2019t an FBI,\n \u201cso banks hired private law enforcement like the\n Pinkertons,\u201d he says. One day there will be routine\n cyber-investigations, \u201cbut for now we are still in the\n Wild West.\u201d\n More On Cybercrime\n \n How You Can Fight Cybercrime\n \n How the Mob uses IT\n \n What Adult and Gaming Sites Can Teach You About Innovation\n \n A Brief History of Cybercrime\n Law enforcement faces several challenges. First is the\n nature of cybercrime: global and independent of geography.\n Hackers in Russia can steal money from a bank in the United\n States using a computer in France quickly, cheaply and with no\n human intervention required. And their fingerprints\u2014the\n IP addresses of the computers that initiate the\n attacks\u2014can be made to disappear before investigators can\n track them, according to Ron Plesco, director of the Privacy\n and Special Projects Group for consultancy SRA International.\n Internet service providers keep logs of every connection but\n can\u2019t afford to hang on to the piles of data for more\n than a few days without overwhelming their storage systems.There\u2019s also a shortage of computer expertise among\n the FBI and Secret Service, which investigate cybercrime, and\n the U.S. Department of Justice, which prosecutes it. Given the\n manpower shortages, investigators need to limit themselves to\n cases with big losses. Unfortunately, the majority of\n cybercrimes are committed by small operators, says Uriel\n Maimon, senior researcher in the Office of the CTO of security\n provider RSA.\u201cThere aren\u2019t many $250,000\n frauds,\u201d he says, but there are a lot of $2,000\n cases\u2014a big-enough haul for a criminal in an impoverished\n country.Finally, there is the complexity of fighting crime across\n different countries, many of which lack laws that specifically\n target cybercriminals. Experts speculate that we could someday\n see the rise of a new global organization specifically targeted\n at cybercrime, much as the FBI was created to take on the\n automobile-fueled rise of interstate crime in the 1920s and\n \u201930s. Chris Painter, principal deputy chief of the Computer Crime and Intellectual Property Division at the U.S. Department of Justice, is skeptical. \u201cWhat we need to do is\n connect the dots rather than create a new\n \u00fcber-organization,\u201d he says. Painter chairs a G8\n committee that has agreements with 48 countries, which have\n identified cyber-investigators whom they make available to the\n network 24\/7, he says.