Few nationalities are as good at making money from hacking than the
Russians. Their share of the global cyber crime market, an estimated
$12.5 billion black market, doubled last year to $4.5 billion, according
to Moscow-based Group-IB, a cyber security services firm working mainly
with the Russian government and banks to help reduce online fraud. (See
The Russians are hacking into your computer and your cell phone and they’re making millions as a result.
Earlier this year, Facebook blew the cover
off the malware gang Koobface. All five of their members were Russians
from St. Petersburg. Eugene Kapersky, the CEO of software security firm
Kaspersky Lab, also based in Moscow, said that the Koobface gang had
become millionaires thanks to their hacking skills.