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Cybercrime Profits Soar to $1.5 Trillion

A nine-month academic study examined the revenue flow and profit distribution from money laundering, data trading, ransomware and other illicit activities. The report compared profits based on the size of the cybercriminal organization involved. While small and medium-sized collectives generated between $30,000 and $50,000 in profit, large, multinational groups can make more than $1 billion. The potential for illicit profit will increase as cybercriminal groups and their platforms become more sophisticated and customer-friendly, the report noted.”]

Source: https://securityintelligence.com/news/cybercrime-profits-soar-to-1-5-trillion/

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