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If the Mad Monk Knew How Much Russian Cybercriminals Made Today, He’d Really Be Mad

By ThreatMetrix
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Rasputin, the Mad Monk, had a pretty good gig in his day living off the Tsarina and the kindness of well-to-do ladies. Well, at least it was good up until the time he was poisoned, shot and dumped in the Neva River. Still, compared to Russia’s modern cybercriminals, Rasputin’s religious charlatan “con” was small vodka.

Yes, we know the phrase is “small potatoes.” But, Russia’s drink of choice, vodka, is made from potatoes and…

Oh never mind. The point is Russian cybercriminals raked in over $4 billion in 2011. That’s nearly one third of the entire $12.5 billion cyberthieves stole in the entire world. Fully half of the thefts took place in Russia, itself. Evidently thievery, like charity, begins at home.

According to ABC News, a report released by the Russian cybercrime investigation company Group-IB says cybercrime in Russia and neighboring countries is becoming more sophisticated as mafia-type groups move into the digital world and individual hackers become organized. The report noted that online fraud brought in close to a billion dollars, followed by spam which topped $830 million. Group-IB blames lax Russian laws for the increase in crime.

Ilya Sachkov, Group-IB’s CEO notes that, “The cybercrime market originating from Russia costs the global economy billions of dollars every year. Although the Russian government has taken some very positive steps, we think it needs to go further by changing existing law enforcement practices, establishing proper international cooperation and ultimately improving the number of solved computer crimes.”

By ThreatMetrix Posted