Russian Cybercrime Market Fell to $1.93 Billion in 2012 -- Expert

[InfoSec News <alerts () infosecnews org>]

http://en.ria.ru/crime/20130910/183338519/Russian-Cybercrime-Market-Fell-to-193-Billion-in-2012.html

RIA Novosti
10/09/2013

NB: The headline has been modified to reflect that the information in this 
story comes from a single, unofficial source.

MOSCOW, September 10 (RIA Novosti) – The value of the cybercrime market in 
Russia dropped 6 percent to $1.93 billion last year, compared with $2 
billion the year before, a top cyber security expert said Tuesday.

The government’s crackdown on some of the most active cybercriminal groups 
is a key reason for the fall, Nikita Kislitsin, head of the 
botnet-monitoring department at international cybersecurity company 
Group-IB, said at a RIA Novosti press conference.

Illegal money transfers, he said, make up the largest share – 43.1 percent 
– of online fraud attempts. The average amount stolen from an individual’s 
bank account was 75,000 rubles ($2,300) last year, according to Group-IB’s 
estimates. The average stolen from a legal entity’s account was more than 
1.6 billion rubles ($48 million), the company said.

A reduction in successful theft attempts from remote banking systems was 
an important contributor to the drop in cybercrime. Group-IB experts 
monitored the activities of 12 organized crime groups during 
investigations last year. According to Kislitsin, despite a large number 
of theft attempts, each group made only an average of four successful 
fraudulent transactions per day.

[...]

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