{"id":1570,"date":"2018-04-23T11:40:11","date_gmt":"2018-04-23T11:40:11","guid":{"rendered":"http:\/\/www.blackopspartners.com\/?p=1570"},"modified":"2018-04-23T11:40:11","modified_gmt":"2018-04-23T11:40:11","slug":"cyber-crime-now-generates-1-5tn-per-year","status":"publish","type":"post","link":"https:\/\/blackopspartners.com\/cyber-crime-now-generates-1-5tn-per-year\/","title":{"rendered":"Cyber crime now \u201cgenerates $1.5tn per year\u201d"},"content":{"rendered":"
Cyber crime generates $1.5tn (\u00a31.1tn) in revenue every year, according to a groundbreaking report released at RSA Conference on Friday.<\/p>\n
The research, conducted by Surrey University criminologist Michael McGuire and commissioned by security firm Bromium, reveals that if cyber crime was a country, it would have the 13th highest GDP in the world.<\/p>\n
According to McGuire\u2019s \u201cconservative estimates\u201d, illicit and illegal online markets generate $860bn a year, theft of trade secrets generates $500bn, data trading generates $160bn, crimeware-as-a-service generates $1.6bn and ransomware generates $1bn.<\/p>\n
\u201cThe findings of Dr. McGuire\u2019s research provide shocking insight into just how widespread and profitable cybercrime has become,\u201d said Bromium\u2019s CEO Gregory Webb.\u00a0\u201cThe platform criminality model is productising malware and making cybercrime as easy as shopping online.\u201d<\/p>\n