April 7, 2015
Organized Cyber Crime: Comparison of Criminal Groups in Cyberspace
Technology has provided ease in accessing media, financial markets, and global communication. Society and criminals have benefited from these same developments in technology, causing an increase in cyber-criminal activity. In 2014, McAfee estimated that the cost of global cybercrime is 0.8% of global GDP;[1] making cyber crime a national and international security threat. The Russians, Nigerians, Ghanaians, and Chinese are some of the best-known cyber criminals, and while groups use similar tactics, their motivations, organizational structures, and culture differ. In analyzing why individuals and organized criminal groups participate in cyber crime, and the culture and history behind the groups policy makers and the international community can make more personalized approaches in combating transnational cyber crime. Right now there are many difficulties in combating cyber crime including attribution, lack of international cooperation, and limited resources in law enforcement. Cyber crime is becoming accepted as the ‘cost’ of doing business online, with stakeholders underestimating the impact it has on security, economy, and innovation. Unless the barriers to entry and cost for cyber criminals is raised, cyber crime will continue to threat international security, economic growth, and technological innovation.