The Multibillion-Dollar Online Crime Industry

Criminal “products” from the underworld marketplace are part of a sophisticated and highly profitable global industry.. there’s a thriving underground economy online, a place where tools and techniques are advertised and sold — even given away — and where stolen data is laundered to facilitate online crime. What might surprise you is how many of these underground economies there are and how well-established they have become.

This is a sophisticated and highly profitable global industry. In 2016, ransomware alone generated more than $1 billion in profit for criminals. The FBI is now calling “business email compromise,” where scammers intercept suppliers and payment transfers, the $5 billion scam.

Medium.com click the link to read the rest of the story.

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