Illegal online markets generate half of cybercrime revenues

computer, handsHacker using laptop. Lots of digits on the computer screen.

A report on the cybercrime economy by Dr Mike McGuire from the University of Surrey reveals that illegal and illicit online trade is the most lucrative market for cybercrime with 50% of the market, while theft of intellectual property rights accounts for about 35% of cybercrime revenues. According to the study, digital platforms like Amazon contribute significantly to this market because they facilitate the exchanges of counterfeit products.

Origin Source: Securingindustry.com
Publication Date: 2018-04-23
Origin Contry: United Kingdom

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