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Friday, July 22, 2022

Evolution of Cybercrime

Thoughtful looks at the direction of cybercrime. With link to HP study ....

Understanding the Evolution of Cybercrime to Predict its Future  By Kevin Townsend  in Securityweek  on July 21, 2022

An analysis of the evolution of cybercrime from its beginnings in the 1990s to its billion-dollar presence today has one overriding theme: the development of cybercrime as a business closely mimics the evolution of legitimate business, and will continue to evolve to improve its own ROI.

In the early days, hacking was more about personal prestige and kudos than about making money – but the dotcom made people realize there's money to be made on the internet. This first phase of cybercrime loosely fits the period from 1990 to 2006.

From this simple realization, HP Wolf Security's study of The Evolution of Cybercrime (PDF report) shows an underground business that follows and mimics the overground business ecosystem – digital transformation included. "Digital transformation has supercharged both sides of the attack-defense divide – shown, for instance, by the increasing popularity of ‘as a service’ offerings," said Alex Holland, senior malware analyst and author of the report. "This has democratized malicious activity to the point where complex attacks requiring high levels of knowledge and resources – once the preserve of advanced persistent threat (APT) groups – are now far more accessible to a wider group of threat actors."   ...  '

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