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Juniper Networks on the Economics of Hacking and Black Markets
Transcript of Juniper Networks on the Economics of Hacking and Black Markets
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.
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
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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
to Thriving Metropolis -
RAND interviewed global experts with involvement in black markets including:
A new report from the RAND Corporation reveals that the world of cybercrime is
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.
Not only goods, but criminal services are now available from the hacker economy.
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.
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
Much like a legitimate business, it takes connections and relationships to move up the (cyber) food chain.
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
the value chains that result
the economics of hacking
find ways to disrupt
in successful attacks.
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.
the process of actively identifying and disrupting attackers on corporate networks versus passively blocking attacks, can make hacking more expensive and time consuming.
This access to training – and a generation of digital natives – has accelerated sophistication and a broader set of roles within the economy.