How Chinese Cybercriminals Use Business Playbook to Revamp Underground

Because of its longevity and technical sophistication, the Russian cybercriminal underground has long been the benchmark for threat researchers focused on studying cybercrime tactics and techniques; there is a plethora of publications dedicated to analyzing its economy and hacking forums. However, only a handful of studies have centered on the emerging threats and trends from other, less prominent, cybercriminal undergrounds.

Recent data shows that the Chinese cybercriminal underground’s profits exceeded US$15.1 billion in 2017, while causing more than $13.3 billion worth of damage relating to data loss, identity theft and fraud. Over the years, the McAfee Advanced Programs Group (APG) has observed Chinese non-state threat actor groups gradually transform from small local networks targeting mostly Chinese businesses and citizens to large, well-organized criminal groups capable of hacking international organizations.

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Source: McAfee