Rent a hack? Why cybercrime is now a service

Criminal groups are increasingly turning their attention to cyber, a trend that picked up pace during the pandemic.

 

One reason is that technical skills are no longer needed to launch a cyber or phishing attack. Instead, anyone can buy malware, zero day exploits and phishing templates on the dark web.

 

This has led to an active market in vulnerabilities, and a wider range of crime groups and nation state actors buying in sophisticated exploits.

But why is cybercrime evolve in this way? And what does it mean for cybersecurity teams, and does it need a different response from organisations, and governments?

Our guest is Jack Chapman, VP threat intelligence at Egress. He’s been monitoring the growth of cyber crime as a service, as crime groups move their attentions online. We asked him what it means for security teams, and how they can counter this growing threat.