Majority of Cybercrime Damage is Caused by a Few, Powerful, Covert Criminal Threat Groups

Majority of Cybercrime Damage is Caused by a Few, Powerful, Covert Criminal Threat Groups

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A small subset of professional criminal actors is responsible for the bulk of cybercrime-related damage, employing tools and techniques as sophisticated, targeted and insidious as most nation-state actors, says the State of Cybercrime Report 2018.

“Cybercrime is a lucrative industry, and it’s not surprising it’s become the arm of powerful, organized groups,” says Don Smith, Senior Director, Cyber Intelligence Cell, Secureworks Counter Threat Unit, sponsor of the report. “To understand the complete picture of the cybercriminal world, we developed insights based on a combination of dark web monitoring and client brand surveillance with automated technical tracking of cybercriminal toolsets.”

 

Read more here: Security Magazine