"A Study From IMDEA Software Researchers Reveals Hidden Fortunes and Surprising Overestimations in Cybercrime Revenue"
It was unclear how methodological limitations and incomplete data affected revenue estimates of cybercriminal groups using the Bitcoin blockchain. A new study by IMDEA Software Institute researchers calls into question existing estimates of cybercriminals' Bitcoin earnings. The study, titled "Cybercrime Bitcoin Revenue Estimations: Quantifying the Impact of Methodology and Coverage," delves into the full scale of the financial impact of cybercriminal activity. It is widely acknowledged that cybercriminal revenue is underestimated because of the lack of coverage on cybercriminal campaigns, such as the complete set of Bitcoin addresses used to receive payments from victims. For the first time, this new study quantifies how large that underestimation may be. Furthermore, the research shows that some estimation methodologies may significantly overestimate revenues. This article continues to discuss the study and its potential impact on cybersecurity and law enforcement communities.
Submitted by grigby1