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Juniper Networks on the Economics of Hacking and Black Markets

Cybercriminals, hacking tools and black marketplaces have evolved to create a new economy, referred to as the “cyber underground.” Juniper believes it would be best described as a “thriving metropolis”. More on #hackonomics: www.juniper.net/rand2014
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Juniper Networks

on 29 April 2014

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Transcript of Juniper Networks on the Economics of Hacking and Black Markets

RAND found more
cross-pollination between these cybercriminals than ever before, with areas of expertise and focus residing among different countries.
RAND confirmed the cyber black markets are a maturing,
Follow us through Juniper's cyber metropolis to view the workings of this mature economy.
The growing maturity of the hacker black market is creating significant new challenges for companies and individuals. RAND believes the ability to attack will outpace the ability to defend.
CHARACTERISTICS
OF THE BLACK MARKET

A THRIVING METROPOLIS
From Underground City
AN ECONOMIC LOOK AT
CYBER BLACK MARKETS
The report provides an economic analysis of the underground.
We need to
To learn more visit:
RAND identified five key indicators of economic maturity demonstrated by cyber black markets:
EDUCATION AND TRAINING
RAND identified widely available tools and resources to teach people how to hack.
An Economic Analysis of Cyber Black Markets
SO WHAT?
to Thriving Metropolis -
1
Academics
3
Reporters
5
Law enforcement
2
Security researchers
4
Security vendors
1
Sophistication
2
Specialization
3
Reliability
5
Resilience
4
Accessibility
RAND interviewed global experts with involvement in black markets including:
A new report from the RAND Corporation reveals that the world of cybercrime is
multi-billion-dollar economy,
with robust infrastructure
and social organization.
STOREFRONTS AND BAZAARS
Criminals buy and sell records, exploit kits and services from cyber stores. RAND found some organizations can reach 70-80,000 people with a global footprint that brings in hundreds of millions of dollars.
SERVICE ECONOMY
Not only goods, but criminal services are now available from the hacker economy.
CURRENCIES
Transactions in the cyber black markets are often conducted using digital currency, such as Pecunix, AlertPay, PPcoin, Litecoin, Feathercoin, and Bitcoin extensions.
RULE OF LAW
RAND found many parts of the cyber black markets are well structured, policed and have rules like a constitution.
CRIMINALS
Yet, like any metropolitan city, the cyber black market even has criminals known as “rippers,” who do not provide the goods
or services they claim.
HIERARCHICAL SOCIETY BUILT
ON RELATIONSHIPS
Much like a legitimate business, it takes connections and relationships to move up the (cyber) food chain.
DIVERSITY
The cyber black markets are made up of criminals from all over the world – from China to Latin America to Eastern Europe and the United States.
Criminals sell everything from DDoS and spamming
as a service to exploit kits “for rent” by the week or month.
Getting to the top requires personal connections,
A MULTI-BILLION-DOLLAR ECONOMY
A MATURE ECONOMY
change
the value chains that result
the economics of hacking
find ways to disrupt
in successful attacks.
and
www.juniper.net/rand2014
but those at the top are making the lion’s share of the money.
deep, complex, and has now become a fully developed market economy.
Juniper believes it would be best described as a thriving metropolis.
Active Defense,
the process of actively identifying and disrupting attackers on corporate networks versus passively blocking attacks, can make hacking more expensive and time consuming.
#hackonomics
#hackonomics
This access to training – and a generation of digital natives – has accelerated sophistication and a broader set of roles within the economy.
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