Security News > 2020 > February > Chinese cyber criminals are getting more organized and dangerous
Over just the last three years, Chinese cyber criminals have gone from relatively solitary players to adopting the same tactics favored by organized crime syndicates in Russia and other nations with lax cyber crime laws and enforcement.
"According to 2018 Internet Development Statistics, China's cybercriminal underground was worth more than US $15 billion, nearly twice the size of its information security industry. The same Chinese-language source also shows that China's cybercrime is growing at a rate of more than 30 percent a year. An estimated 400,000 people work in underground cybercriminal networks."
As Chinese hacking becomes more organized, it is moving off of platforms like Tencent's QQ, a Chinese chat platform that is used by hackers to connect with peers, sell stolen data, and collect money in a one-to-one fashion, toward Dark Web chat rooms and forums where they can reach a broader audience of customers looking for malware and buyers looking to buy pilfered data.
Because of a very strictly controlled internet in China, Chinese hackers are physically moving to find more favorable locations for their activities.
She has seen where Chinese cyber criminals are selling full business dossiers of business and government agencies.