Cybercrime Part Of Sophisticated Online Economy: Study

Organized crime online has spawned a well-organized, multibillion-dollar underground economy that has become "a playground of financially driven, highly organized and sophisticated groups."
Cybercrime Part Of Sophisticated Online Economy: Study

Via AFP:

The dark world of cybercrime has evolved from one of rogue individuals to a functioning market-based economy with its ups and downs, code of conduct and "innovation."

A study by Rand Corp. and commissioned by the security firm Juniper Networks found a well-organized, multibillion-dollar underground economy that has become "a playground of financially driven, highly organized and sophisticated groups."

The evolution of cybercrime creates new challenges for security professionals trying to protect computer networks, says Nawaf Bitar, Juniper's general manager for security.

"We have lon...

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