Kaspersky report into Russian cybercriminals: they’re in it for money

Experts working in Kaspersky Lab’s Computer Incidents Investigation Department (CIID) have spent the last three and a half years investigating more than 330 cybersecurity incidents affecting government and private-sector organisations.  Their findings reveal that more than 95 per cent of these incidents used malicious software, often successfully, to steal funds. Details of this discovery and other key findings have now been compiled into a Kaspersky Lab report, “The Russian cybercrime underground: How it works.”

The main findings of the report are:

 

  • Between 2012 and 2015, law enforcement agencies in different countries arrested more than 160 people from Russia and its neighbouring countries, all suspected of conducting financial cybercrime around the world.
  • The estimated damage caused by their activity exceeds $790 million dollars. If this is combined with the damage caused by the infamous Carbanak gang (which has not yet been arrested), the amount of stolen money would be more than $1.7 billon dollars.
  • More than $500 million of this was stolen from countries that were not formerly part of the USSR.
  • Kaspersky Lab experts estimate that during the last three and a half years, nearly 1,000 people from Russia and neighbouring countries were involved in cybercriminal activity. Evidence suggests that there are fewer than 20 gang “leaders” and most of them have yet to be caught.
  • Currently, Kaspersky Lab is actively investigating five large cybercriminal groups involved in stealing money using malicious software.

 

 

You can find further details on Securelist.com

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