An Inquiry into the Nature and Cause of the Wealth of Internet Miscreants

Academic security researchers have released a paper on the how organized crime profits on the Internet underground economy. They monitored IRC channels for 7 months, and logged over 13 million messages (2.4GB of data).

"The total wealth generated from credit card fraud in the channel is over $37,000,000" and over $93 million dollars when including other forms of financial data.

Src: 'An Inquiry into the Nature and Cause of the Wealth of Internet Miscreants'

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