How Much Does Most Cyber criminals Earn?

How Much Does Most Cyber criminals Earn?

It is said in a report that most cyber criminals earn $1000 to $3000 a month, 20% of them earn more than $20,000.

Andrei Barysevich, director of advanced collection at cyber security firm Recorded Future said that the data is based on a survey conducted by a closed underground community. 

“We actually saw criminals who made way more than that, $50,000 to $200,000 a month,” he said. “This is what they keep, this is not revenues, but pure profit. This is what they can spend on loose women, fast cars and nice clothes.”

How Much Does Most Cybercriminals Earn?

Barysevich said that Recorded Future stumbled onto this survey when it was investigating activities in underground, invitation-only cyber criminal forums.

He added that he was surprised to see that the forum did a survey, and that a couple of hundred criminals participated, anonymously, and revealed details about how they worked.

But he wasn’t surprised by the results.

“What we saw actually supported our previous research,” he said.

Recorded Future has been gathering information about cyber criminals for years, he said.

“Our job involves engaging with cyber criminals and we talk to them all the time,” he said. “And they share with us quite intimate details, which city they are in, if they actually have a regular job, if they have families. And we see a lot of weird stuff.”

Most criminals work part-time, he added, and for some cyber crime is a family business.

“We’ve seen several generations that engaged in cyber criminal activity,” he said. “We’ve seen messages between bad guys, with one guy complaining that today his wife was only able to purchase cheap electronics with stolen credit cards, worth a few hundred dollars, while as his father was doing Internet crime.”

But the most damaging are the people who run criminal syndicates, Barysevich said.

“They are not dilettantes,” he said. “They are professionals, but in real life, and in cybercrime. They plan their operations very carefully, they have trusted people on the team of different professionals, so they have lawyers and ex-law enforcement officers. They also have professional forgers if they need to establish shell companies and need fake documents. They have people responsible for money laundering. They have real estate developers that help them build a legitimate business empire on the profits they make from illegal activities.”

In many ways, the cyber crime organizations mirror traditional mafia groups, he said.

Cyber crime criminals earn more than we expect, but everything they earn is a crime.

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