{"id":3317,"date":"2012-04-30T13:18:24","date_gmt":"2012-04-30T12:18:24","guid":{"rendered":"https:\/\/www.darknet.org.uk\/?p=3317"},"modified":"2015-09-09T19:36:59","modified_gmt":"2015-09-09T11:36:59","slug":"russian-cyber-crime-market-doubled-in-2011","status":"publish","type":"post","link":"https:\/\/www.darknet.org.uk\/2012\/04\/russian-cyber-crime-market-doubled-in-2011\/","title":{"rendered":"Russian Cyber-Crime Market Doubled In 2011"},"content":{"rendered":"

It’s been quite a while since we’ve posted any news about Russia<\/a>, so here’s an article which in some ways is quite scary.<\/p>\n

The global cybercrime market is being dominated by Russian-speaking nations and their activity doubled in 2011. It’s certainly a disproportionate amount of crime when you look at their population size.<\/p>\n

Cybercrime<\/a> is a HUGE business, especially when it comes to malware and trojans targeting banking details and the follow on phishing<\/a> scams.<\/p>\n

Russian-speaking criminals grabbed more than a third of the entire global cybercrime market in 2011 as a growth in online fraud activity turned the country into a major digital crime superpower, a new report has suggested.<\/p>\n

Russian cybercriminals earned $4.5 billion in 2011<\/p>\n

The State and Trends of the Russian Digital Crime market 2011 from Russian security research company Group-IB estimates (using public and partner data) that the global cybercrime market reached around $12.5 billion (APS7.74 billion) in size during the year, with Russians and Russian speakers (including those outside the country) accounting for $4.5 billion of that total.<\/p>\n

At the same time, using its own internally-collected analysis, the Russia-only cybercrime market doubled to $2.3 billion compared to 2010, a disproportionate level of activity considering the country’s modest 143 million population.<\/p>\n

The top Russian cybercrime activity was online fraud, equivalent to almost a billion dollars in revenue, just ahead of spam on $830 million, internal market services on $230 million and DDoS on with $130 million.<\/p>\n

As well as startling growth, the Russian cybercrime scene also saw consolidation into larger, more organised groups increasingly controlled by conventional crime mafias. There was also evidence of co-operation between these groups, and the growth of an important internal ‘crime-to-crime’ (C2C) market to support its activities.<\/p><\/blockquote>\n

$12.5 Billion dollars is a LOT of zeros, that was the estimate of the money lost in 2011 to cybercrime. That’s almost $2 per person for the ENTIRE population of the World, that’s what I would colloquially call a shitload of cash.<\/p>\n

It doesn’t stop there too, it amazes me that DDoS<\/a> attacks are a multi-million dollar business! In Russia alone, according to this report anyway, these crims earnt $130 million USD carrying out DDoS attacks!<\/p>\n