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Russian Cyber-criminals make Twofold Profits During 2011; Reports Group-IB

Group-IB a Russian security company recently published one report, which states that the net earnings, by the Russian cyber-criminals, in dollar terms went twofold during 2011.

The report states that the worldwide economy of cyber-crime valued $12.5bn during 2011. The crime syndicates consisting of Russian-speaking people made a $4bn contribution into that, with $2.3bn worth earnings occurring inside Russia alone. The amount is almost twice that of the $1.2bn from Internet-crime, which resulted within Russia during 2010, Group-IB shows.

The security company's report mainly substantiates the sayings of other security firms viz. Carberp is cyber-criminals' most preferred malware, especially within Russia. They also say that dismantling different networks-of-bots may tentatively hamper though not permanently stop spam growth.

The security company further observed one steep hike in politically-driven DDoS assaults, which blocked media websites, blogs and other forums inside Russia during the election period of the country's president, albeit the kind of assaults normally targeted Internet stores in particular. Group-IB experts observed that the Distributed Denial-of-Service (DDoS) assaults across Russia mitigated during 2011 as against those during 2010, with the bot-networks characteristically utilizing a maximum of 10,000 units to strike attack. The DDoS assaults fetched $130m in aggregate, states the report.

Most of the earnings from cyber-crime within Russia accrued from spamming activities fetching $830m. Aside this, other criminal activities online such as traffic sales, malware, anonymous ventures, loaders, and attack codes contributed a more than $200m share in the Russian cyber-crime revenue.

Notably, Group-IB's report condemned ineffective anti-crime laws in Russia as responsible for increased cyber-crime. Although the country's top administration attempted at toughening legislation formulated for blocking as well as penalizing such activity, more was required, according to the company.

CEO Ilya Sachkov of Group-IB stated that the cyber-crime economy in Russia meant the worldwide market a loss of several billion dollars annually. According to the executive, albeit the Russian administration had adopted a few extremely-positive measures, the security company believed more was needed through the amendment of currently-prevalent law enforcement exercises, creation of adequate global coordination and eventually increased computer-crime resolutions. Abcnews.go.com published this dated April 24, 2012.

Related article: Russian Hackers Break into NOAA to Push Pills

» SPAMfighter News - 5/1/2012

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