Cyber black trading making more money than drugs

Cyber black trading making more money than drugs

The cyber black market is making a greater profit than illegal drugs, with a number of internet criminals establishing virtual storefronts to trade malware and data records, it has emerged.

The industry began with a number of ad hoc criminals and developed into organisations that often have connections with traditional criminal groups – including terrorist cells, mafias and drug cartels, as well as nation-states. This was reported in new research carried out for Juniper Networks by the Rand Corporation.

It was found that its similarities to a conventional market exist in how individuals communicate with each other through a variety of channels, and how they place orders and receive products. Further, its development occurs no differently than it would in a normal market, in terms of growth and innovation.

Juniper Networks’ Security Business General Manager and Senior Vice President, Nawaf Bitar, said that the root cause behind the accelerated evolution of the market – which he cites as being the finance that drives it – needs to be confronted.

He said:

“By disrupting the economics of hacking we can break the value chains that drive successful attacks. We must never lose the moral high ground, however, so we cannot go on the offensive and hack back, but we can no longer remain passive.”

Larger organisations do have a responsibility, as well as the resources, to tackle such movements, but smaller businesses need to protect their own data and systems. For those that don’t have the right personnel in place, it would be advantageous to address their IT security management team sooner rather than later, because right now, the enemy exists in a growing market.

Our accreditations & Partners

  • REC Member
  • VTC - Virtual Technology Cluster
  • RANT Events
  • Bloom Nepro
  • YPO
  • Crown Commerical Service
  • Disability Confident
  • ISO 9001
  • Armed Force Covenant
  • Cyber Essentials Plus
  • ISO 27001

Thanks

Success

Thanks

Success

Thank you for signing up to the acumin alerts.

Send CV

Send us your CV and have our recruiters match you to the ideal opportunities

Do you already have an account with us?

Log in

Want to have an account with us?

Register

Want to just send us your CV?

Upload only doc, docx, odt, pdf format file.

By submitting your registration and CV to us you are agreeing to join our database and to be contacted about relevant jobs industry communications. Please read our terms of business for more information.

Password reset

If you need a reminder for your password, fill out the field below

Log in

Access your account to edit your contact details, job alerts or to upload a new CV

Thank you

Success

Thank you for successfully uploading your CV.

Acumin Alerts

Success

Thanks for registering for Acumin alerts.

Acumin Alerts

Unfortunately your CV could not be uploaded

Please make sure your CV is one of the following file types: doc, docx, odt, pdf, rtf

Acumin Spam

Unfortunately your submission has been declared spam. Please try again.

Vacancy

Success

Thank you for submitting your vacancy.

Register

Create an account to register your contact details, sign up for job alerts and upload your CV

Success

Thanks for registering for Acumin alerts. To get the most out of Acumin's service why not register with us?

Upload only doc, docx, odt, pdf format file.
- Practitioner
- Commercial

I agree to the terms and conditions and to be contacted by recruiters:

I agree to receive marketing communications relevant to my job search:

I agree to receive Jobs By Email for the following professions:
- Business Continuity Management
- Counter Fraud
- Cyber Security
- Executive Management
- Governance & Compliance
- Information Security & Risk Management
- Penetration Testing & Digital Forensics
- Sales and Marketing
- Sales Engineering
- Security Management
- Technical Security
- Information/Risk Assurance
- Identity Management
- Application Security
- Security Architecture
- Dev/Sec Ops
- DV & SC Cleared Jobs
- Programme & Project Management
- CISO/CSO

Submit a Vacancy

Use the form below to submit a vacancy