23 May 2012

Russian Mafia Organizes Russian Cybercrime Market, Doubles in Size

Group-IB, a leading Russian cybercrime investigation and computer forensics company and LETA Group subsidiary, today announced a 28-page report on the Russian cybercrime market in 2011.........
The report outlines the main risks associated with various types of hacker activities, analyzes the main trends in the development of the Russian cybercrime market, estimates the shares and the financial performance of the Russian segment of the global cybercrime market, and forecasts market trends for this year.
Key Trends in 2011:
  • Russian Cybercrime Doubles: The global cybercrime market was more than $12.5 billion in 2011.  The global Russian speaking component of that market was more than $4 billion; and the Russian national cybercrime market was $2.3 billion, essentially doubling last year’s number of $1.2 billion.
  • Mafia Professionalizes Russian Cybercrime: Traditional crime syndicates are beginning to organize the previously disorganized Russian cybercrime market. In addition, these crime syndicates are beginning to work more closely together, sharing compromised data, botnets, and cashing schemes.
  • Online Fraud and Spam Account for More than Half of Russian Cybercrime: In 2011, the largest type of Russian cybercrime was online fraud at $942 million; followed by spam at $830 million; cybercrime to cybercrime, or C2C (including services for anonymization and sale of traffic, exploits, malware, and loaders) at $230 million; and DDoS at $130 million...........
Click here to read more .... 
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