Cybercrime: A Recession-Proof Growth Industry

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Jack

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Jan 24, 2011
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Even in a struggling economy there are some businesses that continue to thrive. In an era of cutbacks and layoffs, one industry has continued to skyrocket--with double digit growth year over year--cybercrime. The bar for entry is low, the overhead is minimal, and the compensation can be phenomenal. Put away your résumé, though--you don't want this job.

Cybercrime has been a model of business success for the past decade. It went through some early growing pains where bravado and notoriety were higher priorities than profit, but now it is a finely tuned machine of commerce. Granted, you'll still get spam and phishing attacks with poor grammar, written in bad English, but many attacks today are polished and professional

"Cybercrime is one of the fastest growing and lucrative industries of our time," said Dave Marcus, director of security research for McAfee Labs. "From the ‘I Love You Worm' of 2000, to today's ever-evolving threats on social media sites, we've watched these cybercriminals and their tactics grow in sophistication. The days of destruction purely for bragging rights are over--now it's all about making money and not getting caught."


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