Cybercrime revenues hit $1.5 trillion a year

We reported earlier this month on the ways in which cyber criminals spend their ill-gotten gains. The company behind those findings, Bromium, has now released more details from its research, which exposes a huge cybercrime-based economy and the professionalization of cybercrime. Complete findings will be presented today at the RSA Conference in San Francisco by researcher Dr Michael McGuire, senior lecturer in criminology at the University of Surrey in England. The report estimates cyber criminal revenues worldwide of at least $1.5 trillion -- equal to the GDP of Russia. In fact, if cybercrime was a country it would have the 13th… [Continue Reading]