BFM 89.9

Podcast  >  Enterprise  >  Tech Talk  >  Innovation in the Underworld

Innovation in the Underworld

Rick Holland, Digital Shadows

04-Apr-17 13:00

Innovation in the Underworld

Cybercrime is becoming an increasingly lucrative space: the World Economic Forum’s 2016 Global Risks Report estimates that cybercrimes cost the global economy $445 million in 2016. However, the cybercriminals are facing a new threat and it is not from security firms. The traditional process of digital thieves stealing data and selling them to fraudsters for a profit have bred a new type of cybercriminal known as ‘rippers’. And these rippers are a major problem for those participating in the cybercrime economy as they often try to rip off other criminals in the criminal underworld by selling fake social media credentials; invalid or used stolen credit cards and stealing money by not delivering promised services and goods. We speak to Rick Holland, Vice President of Strategy at Digital Shadows to explain about innovations in the underworld, like Ripper.cc.


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: 

Tags:  Tech TalkCybercrimeUnderworldDark WebRippersripper.ccDigital ShadwsRick HollandFraudstersFake Social Media CredentialsStolen Credit CardsStealing MoneyDigital CurrencyBitCoinRansomware


Share this podcast




Play / Pause

Listen now : Enterprise Biz Bytes: Saj Kumar, Regional Business Lead for Manufacturing at Microsoft...

Today’s Shows



6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

7:15 AM

Morning Brief

8:00 AM

The Breakfast Grille

Brian Coulton, Chief Economist, Fitch Ratings

8:30 AM

Morning Brief

9:00 AM

Opening Bell

9:35 AM

Ringgit & Sense

10:05 AM

Open For Business

David Liew, Founder & Adrieent Tan, Co-Founder, D’Advance Agarwood Solutions

11:05 AM

Tech Talk

Guray Ozturk, Business Development Director, Infobip Malaysia

12:00 PM

Enterprise Biz Bytes

Saj Kumar, Regional Business Lead for Manufacturing at Microsoft Asia

1:00 PM

The Breakfast Grille Repeat

Brian Coulton, Chief Economist, Fitch Ratings

2:05 PM

Live & Learn

Curriculum: Helping Kids Redevelope Social Skills Post-Pandemic

3:05 PM

Beyond the Ballot Box

tbc

4:05 PM

Health & Living

Ask A Psychologist: Touch

5:00 PM

The Evening Edition

5:35 PM

Today On Twitter

6:05 PM

Inside Story

7:05 PM

The Evening Edition

7:35 PM

Popcorn Culture Supercut

What Makes A Cinematic Icon?

9:00 PM

I Love KL

10:00 PM

Back To Back