Lax regulations often leg gangs in Eastern European countries run virtually wild, according to the Kyiv Post.
The depressed economies and lack of a developed labor market make it harder to find cybercriminal work there than in more developed countries, however, and a comparative lack of proficiency in English holds many budding Eastern European cybercriminals from achieving their full potential according to Brian Krebs, U.S. –based security consultant and writer.
“There is no Eastern European Silicon Valley which would compete with the state over qualified experts in computer security,” Krebs told the Kyiv Post.
Nevertheless, an April report from the Moscow-based consultancy Group-IB estimated that the net income of Russian-based cybercriminals was $12.5 billion.
That's not the total cost of all cybercrime in Russia; it's the amount Russians made from it.
The report also found traditional organized crime groups taking over significant portions of the "market," including online direct theft, as opposed to identity theft or selling compromised data.
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