Insights into the World
of Hacker Economics
It won’t be long before the number of connected devices outnumbers the number of connected people by a vast margin. With every additional connection, the opportunity for network-based business and economic growth increases. Unfortunately, so does the risk of cybercrime. The new, connected world is a magnet for criminals and driving a boom in cybercrime tools and stolen data.
Today, the cybercrime black market has the potential to be more profitable than the international drug trade. But, in comparison to narcotics, cybercrime is less risky, has a lower barrier to entry and worldwide distribution is nearly guaranteed. No wonder the impact of cybercrime on information security, safety and finances is a serious concern for any business, government or individual.
Cybercrime works its stealthy way through a variety of channels that span multiple access tiers. Activities range from outright stealing to compromising financial data and accounts, e-commerce and social media credentials to intellectual property theft and denial of service1. Though law enforcement has seen some successful takedowns, more often the publicity surrounding most cybercrime arrests does more to highlight the opportunities provided by the black market than to dissuade cybercrime. With every story about law enforcement’s investigative techniques, hackers increase their skill set. Every news story about the dollar value of the latest data heist provides fuel for the next attack.
Disrupting the Cybercrime Supply Chain
With such a low barrier to entry, the proliferation of hackers will soon outpace business and government defenses. If we want to effectively disrupt the cybercrime market, we need to make cybercrime both less lucrative and more difficult.
New threats demand a new approach. As a means of actively defending against a system attack, Juniper has introduced solutions featuring Intrusion Deception. These solutions slow down an attacker by setting up tripwires that neutralize the attack, while also collecting intelligence about his identity that can be used to block his device from the network. Intrusion Deception disrupts the economics of cybercrime by making attacks more cumbersome, time intensive and expensive. It’s the first step towards changing the market drive and, ultimately, the economic value of an attack.
The Future of Cybercrime
Of course, Intrusion Deception is just one element to combating cybercrime. Stronger, more secure networks will dissuade hackers from attempting an attack in the first place. No matter the approach you take, one thing is certain: the threat of cybercrime continues to rise. Aggressively planning for an attack and taking swift actions once an intruder is detected will be key to your organization’s survival.
1. The Rand Corporation. Markets for Cybercrime Tools and Stolen Data: Hackers’ Bazaar. 2014