Cybercrime Goes Mainstream

The World Economic Forum's 2020 "Global Risks 2020" report notes that the digital space is characterized by growing geopolitical tensions and meddling, a lack of technology governance, and a greater overall reliance on technology. Further, more than half of the world is connected to the Internet, and the number grows by a stunning 1 million people a day. As a result, cybercrime has become the second-greatest risk that business will face over the next 10 years.

Unfortunately, cyberattacks on critical infrastructure have become almost routine in sectors such as energy, healthcare, and transportation. They have brought entire cities almost to a standstill. Public and private sector organizations are also frequent targets of cybercriminals, who can easily purchase various types of sophisticated cyberattack tools and services on the Dark Web for next to nothing.

Not Your Typical Street GangThe cybercrime universe is not a monolith but, rather, an interconnected network of different attacker groups. Together, they have evolved into a genuinely disruptive force whose practitioners are just as organized, clever, and nimble as the hottest new tech startup. This reality is key to understanding global cybercrime and how it affects companies.

By working as a network, cybercriminals can do their jobs better. Each group specializes in a particular discipline, and different groups often work together to take advantage of each other's know-how. This is what makes them more effective and ..

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