Lusthaus: Cybercriminals maximize profits by structuring themselves like traditional business firms
Jonathan Lusthaus · a16z Podcast | The Business of Cybercrime · Feb 26, 2019 · at 4:30
Jonathan Lusthaus, cybercrime researcher, discusses how modern cybercrime syndicates have evolved from lone actors into organized, firm-like entities with specialized labor.
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“And in some cases, these groups look a lot like firms, whether it's a venture capitalist firm, whether it's people selling various products. For criminals, actually, and for cyber criminals, they're also employing a similar structure, which is to have a team of people. Some have different skill sets from each other. There's usually someone with some organizational capability, and they're going to perform the role of a business because that's how they can maximize their profits as well, by bringing people together in a kind of unified endeavor.”
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