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Russia-speaking cybercriminals earned US$4.5 billion in 2011, researchers estimate

Loek Essers | April 24, 2012
Russian-speaking hackers earned an estimated US$4.5 billion globally using various online criminal tactics and are thus responsible for 36 percent of the estimated total of $12.5 billion earned globally by cybercriminals in 2011, Russian security analyst firm Group-IB said in a report published on Tuesday.

In order to fight the increase in cybercrime, Group-IB proposed to increase penalties and change existing law enforcement practices by educating law enforcement officials on cybercrime investigation techniques. According to the firm, Russian laws are critical in battling global Russian cybercrime. Although there has been progress, there is room for improvement, the group said.

Also suggested by the researchers is increasing international cooperation via the U.N. and clarifying terms as "botnet" in new laws to make them more applicable to the current online crime environment.


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