Connecting buyers with sellers via the internet — the so-called “platform” economy — has enabled companies such as Amazon, eBay, Uber and Airbnb to build vast global businesses. Now cyber criminals are using the same technique, and even the same platforms, to buy and sell their tools.
Surrey University criminologist Michael McGuire estimates that more than $1.5tn in profits a year are acquired, laundered, spent and reinvested by cyber criminals through “platform criminality”.
“The role of platforms in sponsoring and supporting the cyber crime economy more widely is quite unlike anything we have seen before,” he says.
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