by Stephen Cobb

Say “cyber crime market” to the average MBA in America and they probably think you mean the market for security solutions to prevent cyber crime. In Russia the term "cyber crime market" apparently means the amount of money to be made from cyber crime. In 2011, that amount was $12.5 billion according a report recently published by Moscow-based Group-IB. Their analysts concluded that about one third of that total was “earned” by Russian-speaking hackers, and about half of that was earned by hackers inside Russia.

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Source: SC Magazine