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Organized cybercriminals helping compromise users across the world

It might not be organized crime like the Italian mafia, but cybercriminals are organized, well-funded, and prepared

By Michael Hatamoto from Nov 24, 2014 @ 7:42 CST

As companies and governments struggle to reduce the threat of cybercrime, it seems the criminals behind these attacks are only becoming even more organized. The threats have evolved from 1990s and 2000s, while groups realized the revenue they would be able to generate from their activities. Trying to identify and arrest criminals launching attacks over the Internet remains extremely difficult, with multiple governments potentially involved in a single investigation, cybersecurity researchers warn.

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"One of the biggest challenges is to figure out who has jurisdiction," said Larry Bridwell, a global security specialist, in a recent interview with ConsumerAffairs. "A US consumer might have their credit card stolen from a server in Canada, controlled by a hacker in Eastern Europe."

The Chinese and Russian governments are largely blamed for funding state-sponsored groups, but the actual criminals involved can be found around the world - the United States, Eastern Europe, South America and Asia are popular locations for large amounts of cybercriminals.

NEWS SOURCES:Consumeraffairs.com, Euobserver.com


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