I believe that it has to be some sort of degenerate psychosis created by the anonymity of the internet. People have evolved over the last 20 years or so as the internet evolved to take pleasure in the misfortune of others.
This has nothing to do with the internet. This is and always has been a part of being human.
Its almost like the thrill of hacking a computer and knowing that you have ruined lives without being caught is the thing and the money is just the icing on the cake.
Exactly. It's a power crime, not a property crime. Much like rape isn't a sexually-motivated crime as much as a power-driven crime and arson isn't a property-motivated crime (outside of fraud) as much as a sex crime where the actor "gets off" on the power.