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Russian cybercriminals made US$680 million from stolen credit cards

John E. Dunn | Oct. 20, 2014
The Russian-based cybercriminals currently plundering US retailers could be making as much as $680 million (£425 million) a year from their thefts, a security consultancy in the country has estimated.

"We do see that the increase in arrests of Russian accused cybercriminals is having a positive effect on the industry. This is happening because cybercriminals create tools and services that other people can use to commit cybercrimes, and they don't even have to be professionals.

"The more cybercriminals are accused and sentenced, the safer cyberspace is," said Sachkov.

The firm released two previous reports on Russian cybercrime but this year it coincides with an sudden in interest on politically and financially-motivated Russian hackers and their connections to the Russian state.

Suddenly more attacks are being blamed on Russians, including that of the recently-publicised Sandworm group against NATO countries, as well as the high-profile 'Oleg Pliss' compromise of Apple iCloud accounts earlier this year.

 

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