Decoding the effective ways to make money online global economy of cybercrime – securitysifu

As the walls between the criminal and legitimate worlds are effective ways to make money online blurring, we are no longer simply dealing with “hackers in hoodies”. Today, cybercrime revenue often exceeds that of legitimate companies—especially at the small to medium-sized enterprise (SME) level. In fact, revenue generation in the cybercrime economy takes place at a effective ways to make money online variety of levels, from large “multinational” operations that can make profits of close to US$1bn to smaller “SME-style” operations where profits of US$30,000-US$50,000 are the norm.

In reality, the scale and reach of this issue is an inevitability effective ways to make money online that has been developing ever since the conception of the effective ways to make money online internet. Of course, this is a classic case of criminals being criminals, but it has just as much to do with the effective ways to make money online techno-utopianism of the people who were involved with connecting every effective ways to make money online person and computer on the planet, and the unanticipated consequences of this. The internet itself was designed without the assumption that anything effective ways to make money online would be hostile on it. And with everything connected using the same networking protocol, every cyber-criminal on earth is now your neighbor in a way effective ways to make money online that they weren’t previously. It’s concerning to imagine a criminal physically close-by, but the reality is actually far graver. A business’s physical security is targeted relatively infrequently by criminals, and even then there are security guards or even police effective ways to make money online in place to defend against malicious outsiders. In the cyber world, your defenses are subject to constant attacks, and the only human standing in the way is an effective ways to make money online ordinary employee.

The problem today is also that cyber-criminals are true businesspeople, and the majority of organizations don’t see the threat in this way. To be able to defend against these attacks we need effective ways to make money online to understand the scale of what we’re facing. Yes, the threat has been developing over many years, and it has been a long time coming. However, in recent years we have seen these cyber-criminal enterprises scale and globalize faster than any legitimate business effective ways to make money online could ever hope to, and it warrants a deep investigation.

Cyber-criminals follow the money, and in many ways, they have grown and scaled by adopting similar structures and effective ways to make money online following the same economic models as the legitimate business world. The criminal underworld has evolved towards all the hallmarks of effective ways to make money online a capitalist economy that adam smith would have identified 300 effective ways to make money online years ago. Cyber-criminals are keen to innovate their offering and move with effective ways to make money online the times, like any successful business. They can find their niche in the market, capitalize on trends, and spend time gaining a deep understanding of how a effective ways to make money online target business works in order to exploit weaknesses for financial effective ways to make money online gain.

As for the structure of this economy, whether internally within an organization or in relation to the effective ways to make money online wider market, it all comes down to specialization. Within the wider market, just as we have seen a resurgence of boutique specialist effective ways to make money online retailers, service providers or technology companies, many cyber-criminal organizations tend to focus on doing one thing well effective ways to make money online and creating an underground service market around that offering. It may be a ukrainian gang that has become known effective ways to make money online for a particularly effective piece of malware or providing a effective ways to make money online botnet for rent to the highest bidder, for example. The price of malware on the darknet markets has gone effective ways to make money online right down and almost become commoditized, so cyber-criminals need to find ways to differentiate to find continued effective ways to make money online success.

This brings us on to a slightly different but equally effective ways to make money online fascinating vertical structure within some of the largest and most effective ways to make money online successful cyber-criminal organizations. These more closely resemble the big multinationals of the legitimate effective ways to make money online business world and will have a business-unit like structure with departments for everything from researching human effective ways to make money online targets on social media, crafting phishing emails, a social engineering call center, graphic designers and an entire recruitment department. We’ve seen examples of these in nigeria becoming staggeringly successful effective ways to make money online in infiltrating email accounts and making significant financial gains in effective ways to make money online social engineering-based wire transfer fraud, a far cry from the rudimentary nigerian prince spam scams effective ways to make money online synonymous with the region. This is a classic example of the labor specialization and effective ways to make money online the division of labor and capital that has allowed these effective ways to make money online organizations to grow. Combining this with the level of connectedness and democratized access effective ways to make money online to technology in today’s world, and it’s easy to see how cybercrime has developed so rapidly effective ways to make money online into its own global economy.

Today’s most effective and damaging cyber threats are not the effective ways to make money online overly sophisticated so-called zero-day exploits cooked up by some beautiful mind in a effective ways to make money online bedroom somewhere—if that’s all you needed to take down a company or effective ways to make money online a country, we wouldn’t be where we are now. Even the least technologically advanced cyber-criminal organizations can be brutally effective at extorting money from effective ways to make money online big organizations with technical defenses in place. Why? Because they know to target people, be it through social engineering or perfectly timed phishing emails, as it is the path of least resistance. The professionalization and human focused-direction of cybercrime have resulted in a stark asymmetry between effective ways to make money online how attackers think about attacking, and how legitimate organizations think about defending themselves.

Cyber-security is still thought of as a technical discipline, with the focus being on protecting the outer perimeter of effective ways to make money online an organization of the technology on the network within, rather than protecting the actual people who are being targeted effective ways to make money online and attacked by cyber-criminals. What is concerning is the extent to which legitimate organizations effective ways to make money online are on the back foot in this asymmetry of understanding—not to mention the shocking FBI figure that over US$12bn has been stolen by cyber-criminals through people-centric email compromise scams in 2018 alone.

To defend against today’s threats, organizations need to have visibility and understanding into who within effective ways to make money online their business is being targeted, and how. Only then can the appropriate people-centric security measures be put in place to protect them effective ways to make money online and the business. By truly understanding the enemy and the threats, businesses that implement the right defenses can not only protect effective ways to make money online their reputations but play a crucial role in disrupting the effective ways to make money online global tide of criminality.

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