Cyber Legal & Crime

The old adage, “Crime doesn’t pay” isn’t necessarily true when it comes to cyber crimes. According to IT expert Natalya Kaspersky, cyber crimes will continue to grow because the risk of getting caught is very low. Kaspersky is the CEO and co-founder of Kaspersky Lab, an anti-virus and security software firm. She believes that politicians and the IT industry need to look beyond Russia if they want to profile cyber crime attacks.

Ms. Kaspersky is one of the wealthiest and most influential people in the Russian IT community. Her net worth is estimated to be between $40 and $50 million. She recently spoke with the Irish Times about how easy it is for criminals to obtain money through cyber crimes and how amazingly easy it is to avoid apprehension. This is what makes this type of crime so attractive.

According to Kaspersky, criminals turn to cyber crime because is it so easy and so lucrative. There is a very small risk of getting caught which serves to motivate more criminals to try their hand at cyber crime.

Kaspersky’s comments come at a time when Interpol, the European Union’s primary law enforcement agency is warning of a relentless growth in these types of crimes. In a report published in September, Interpol experts noted that cybercrime is growing at a rate never seen before and that some of the states in the European Union say it is exceeding the growth rate of traditional crimes and can even infect your laptop and digital devices when using public wi fi networks which have been traditionally safe for public users.

According to Kaspersky, the recent attack by Wannacry demonstrates how vulnerable the world’s IT systems and security are and she warned that it will get worse. She pointed out that the rise in the Internet of Things (IoI) means there are many more vulnerabilities for these criminals to exploit.

She cautioned that the attack by the Mirai botnet last year which took down Amazon, Twitter, Netflix and Spotify foretold of things to come. More and more people are using IOI devices which are completely open and vulnerable to cyber attacks.

Kaspersky, who was the finalist from Russia for the 2017 EY World Entrepreneur of the Year, states that it is a waste of time to blame Russia for attacks on the U.S. election process. Instead, politicians should be working with Russia’s IT community to prevent these common threats.

Kaspersky doesn’t believe Russia is an involved as some others believe. While she admits she can’t say if her country is involved or not, she doesn’t believe the true culprits will ever be found because they leave no trace. She concluded that it seems to her that if these hackers are so good and can commit these crimes with such impunity, they would they leave tracks that would point to Russia as the culprit. She believes it is very easy for one country to point their finger at another, but it doesn’t help the problem. Instead, the countries should be putting aside their political differences so they can work together to fight the real problems such as financial fraud, terrorists, and drug distributors.