Monday, May 4, 2020

5 ways COVID-19 is reshaping the cyber-crime economy

As the COVID-19 pandemic pushes the above-ground economy to the brink of a major recession, the cyber-crime economy appears to still be hard-charging ahead. And yet, the virus has rapidly reshaped the way business is being done on the dark web, as buyers and sellers jump on the opportunity to capitalise on global fears, as well as dramatic shifts in supply and demand.

Back in 2018 Cybersecurity Ventures warned that by 2021, cyber-crime damages might reach US $6 trillion (£4.7 trillion), a sum that would equal the GDP of the world’s third largest economy. Whether the coronavirus will drive that figure up or down remains to be seen, but things are changing in the dark web economy.

5 ways COVID-19 is reshaping the cyber-crime economy

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