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Russian hackers get big slice of cyber crime billions

Published time: April 24, 2012 14:38
Edited time: April 24, 2012 20:19
Hackers from the French Degenerescience association (AFP Photo / Philippe Huguen)
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Russian hackers rank second in global cyber crime market as they earned about $4.5 billion in 2011. It’s almost twice than a year before, a report reveals.

­Russian speaking hackers account for 36% of cyber crimes around the world last year, while English speaking hackers make up to 40% and those from China – about 18%, according to the study, prepared by Group IB.

There are not only computer geeks, but also traditional crime groups getting their own piece of the growing cyber criminality, the study reveals. “Cyber crimes require not only skills, but also investment,” it said. Russian hackers made $41 million from selling vulnerabilities of computer schemes and $230 million from outsourcing.

In total cyber criminals made $12.5 billion from their activities, while hackers from Russia got $2.3 billion and those working outside of Russia “earned” $2.1 billion. Fraud schemes and spam are considered the most profitable Internet crimes as they brought hackers $942 million and $830 million respectively.

As for damage, companies around the world lost about $100 billion because of cyber crimes, according to the data provided by the computer security company Kaspersky Lab. The figures don’t include the sums stolen from bank accounts.

Comments (7)

Vann7 24.04.2012 23:57

its possible however to fool , not malicious people  by creating a fake website ..that ask you to enter your credit card numbers.. Good thing about VIsa and MAstercard is that they do not aprove questionable transactions and in case happens they can refund you your money in case of fraud. Money is always safe. privacy however is not.  What i think this news was really about.. was about Security experts making a lot of millions .. selling security vulnerabilities to anti virus companies .. to help make them safer.. thats what most likely this news was about. All said.. never have any information or photos of value on your computer because the internet is not 100% safe.

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Vann7 24.04.2012 23:37

THis news is so wrong.. you cannot "steal" anyone else money using internet. Unless of course you get their bank account numbers and physically remove money.  All financial institution operate outside of the Internet.. People forget Banks were doing business as usual without the invention of internet. Privatte institution use private comunication lines and only way to enter in any of them is that you are a bank from their institution. all said is laughlable that "hackers" can do any harm to any financial instutution. ,they cant. best hackers can do is shot down PUBLIC services that business now offer.. like their Website. thats it. but their money transaction are all private. that said..  I never knew of any hacker that turned into millinaire overnight with the internet thats not possible. neither is possible to do any harm to any government communications with the internet.. Internet is nothing more that a public service.. private communication are 100% safe.

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New World Order 24.04.2012 21:44

Russians at their best!

+10

Undo

View all comments (7)
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