Advertisement
Sunday, Dec 05, 2021
Outlook.com
Outlook.com

No mob bosses in cybercrime world yet: Study

No mob bosses in cybercrime world yet: Study
outlookindia.com
1970-01-01T05:30:00+0530
No mob bosses in cybercrime world yet: Study

New York, Jan 19 (IANS) There is no ''Tony Soprano mob boss type'' who is ordering cybercrime against financial institutions globally, say researchers, adding that there are no such thing as organized crime mafias to date.

Cybercrime groups function and work together to cause an estimated $445-600 billion of harm globally per year.

"Certainly, there are different nation states and groups engaging in cybercrime, but the ones causing the most damage are loose groups of individuals who come together to do one thing, do it really well - for a period of time - then disappear," explained Thomas Holt, professor of criminal justice at Michigan State University.

Holt said that organized cybercrime networks are made up of hackers coming together because of functional skills that allow them to collaborate to commit the specific crime.

"So, if someone has specific expertise in password encryption and another can code in a specific programming language, they work together because they can be more effective - and cause greater disruption - together than alone," said Holt, the co-author of the study.

Holt and lead author ER Leukfeldt, researcher at the Netherlands Institute for the Study of Crime and Law Enforcement, reviewed 18 cases from which individuals were prosecuted for cases related to phishing.

"We found that these cybercriminals work in organisations, but those organisations differ depending on the offense," Holt said.

"They may have relationships with each other, but they''re not multi-year, multi-generation, sophisticated groups that you associate with other organised crime networks," he noted in the journal International Journal of Offender Therapy and Comparative Criminology.

As things move to the Dark Web and use cryptocurrencies and other avenues for payment, hacker behaviours change and become harder to fully identify, it''s going to become harder to understand some of these relational networks.

The research also debunked common misconceptions that sophisticated organized criminal networks - such as the Russian mafia - are the ones creating cybercrime.

"We hope to see better relationships between law enforcement and academia, better information sharing, and sourcing so we can better understand actor behaviours," Holt observed.

--IANS

na/sdr/


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: IANS

More from Website

Monetary Policy Meet: Will RBI Change Its Key Rates? Know What Experts Say

Monetary Policy Meet: Will RBI Change Its Key Rates? Know What Experts Say

The RBI Governor-headed Monetary Policy Committee is scheduled to meet during December 6-8, 2021. The decision of the rate-setting panel would be announced on Wednesday.

PM Lauds Neeraj Chopra For Motivating Young Students On Sports, Fitness

PM Lauds Neeraj Chopra For Motivating Young Students On Sports, Fitness

Prime Minister Narendra Modi on Sunday hailed Olympic gold medalist Neeraj Chopra for motivating young students at a school, saying such efforts will increase curiosity towards sports and exercising.

DMRC Plans To Install More Anti-Smog Guns To Curb Pollution At Its Sites

DMRC Plans To Install More Anti-Smog Guns To Curb Pollution At Its Sites

With the national capital battling high pollution levels, the Delhi Metro has planned to install more anti-smog guns at its project sites, officials said on Sunday.

More from Outlook Magazine

Diary | I Want To Fly: The Unrealised Dreams Of An Ex-Banker And Mother

Diary | I Want To Fly: The Unrealised Dreams Of An Ex-Banker And Mother

Kaveri Mishra, an ex-banker and a mother, turned into a full-time home-maker four years back. What holds her back every time she wants to return to her career?

India Needs Kabir Today More Than Any Other Time

India Needs Kabir Today More Than Any Other Time

The Mahindra Kabira Festival at Guleria Ghat in Varanasi was a gentle reminder of the Sufi saint’s centrality to India’s syncretism

Death Of Three Dalit Girls And A Story Of Pain And Humiliation

Death Of Three Dalit Girls And A Story Of Pain And Humiliation

Family from UP village forced to run around to complete post-death official paperwork and even last rites.

Advertisement

Outlook Newsletters

Advertisement
Advertisement