How criminals monetize their crimes
A cyber criminal’s ‘business plan’ is simple: plot an attack, steal/abuse/impact computing-based resources, execute the assault without getting caught, and pass the costs to others. So effective is this plan, in 2021 alone, experts estimate cybercrime cost the world $6 trillion USD1 By comparison, one source pegs the entire security tools market at around $150 billion by 2025.2 About 80 percent of all cyber attacks originate from organized-crime gangs including state-sponsored Advanced Persistent Threat (APT) groups.3
These lofty figures validate that cybercrime is lucrative, spurring huge increases in attack threats. Check Point Research (CPR) said customers cited a 50 percent jump in overall attacks per week on their corporate networks compared to 2020.4 The cyber pandemic in 2021 saw the year begin with the massive Sunburst hack against U.S. government agencies and corporations. It was followed by a rash of various ransomware attacks that included supply chain attacks, multiple extortion schemes, and Ransomware as a Service (RaaS) exploits. The year ended with the explosive Log4j code module vulnerability attack that crippled server networks around the globe.
“Before COVID, we ran our life 50/50 between the physical and cyber worlds, during the pandemic, it became 90/10. Now it is about 80/20. COVID made cyber threats more dangerous.” –Gil Shwed, CEO, Check Point Software
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