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Information security experts often talk about the costs of cybercrime to businesses, but a new report from Russia quantifies how much criminals make in the cybercrime market.
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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