CDSA

Cyber Criminal Business Model Vulnerable to Intervention (IT World)

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Cybercrime may be booming but its business model is vulnerable on many fronts, according to a new report.

“We’ve been observing that they’ve been acting like a business for a while,” said Shogo Cottrell, security strategist at Hewlett Packard Enterprise, which produced the report.

The profit motivation accounts for more than three-quarters of all data breaches and has been rising in recent years, according to this year’s Verizon data breach report.

But cybercrime also shares many of the vulnerabilities that traditional businesses do, said Cottrell. For example, a criminal group’s reputation is even more important in the underground economy than brand reputation in the legitimate world.