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Cyber Security

Russian Mafia Organizes to Double Cybercrime Profits in 2011

The dollar-value of online criminal activity conducted by the Russian mafia and other criminal organizations doubled in 2011, according to a new report from the Russian security firm Group-IB. The global cyber crime market was worth $12.5 billion in 2011. Russian-speaking syndicates controlled a $4 billion share of that market, $2.3 billion of which took place in Russia alone. The lion s share of cyber crime profits in Russia are derived from fraud and spam operations.

Source: https://threatpost.com/russian-mafia-organizes-double-cybercrime-profits-2011-042412/76475/

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