How hackers make money

Posted: Dr.Smith On: 20.07.2017

Governments and individuals seek them out because of their ability to target online entities and listen in on global digital communications.

Gigaom | Black Hat hacker claims he can make $15k to $20k an hour

Much of their work is usually illegal — and unethical — but just like us, they too need money to survive. Well, one such transfer was documented in a recent article by tech site Ars Technica. Funds were transferred via regular wire transfer, and he even sent them an invoice.

Gigaom | Black Hat hacker claims he can make $15k to $20k an hour

Sometimes wire transfers are not an option. When that happens, a hacker may want to exchange his services for various gift cards, drugs, valuables or an equally valuable piece of information such as stolen credit card data he can use or resell. Those transactions tend to occur on one of the sites and forums of the dark web , where the deal has usually been struck in the first place.

To find a thief, you must think like one.

Governments usually hire hackers to track down others, or to perform other tasks vital for national security, such as stealing military data or even industrial and economic espionage.

A vast majority of perpetrators tracked by the FBI originated in China, with ties to the Chinese government. The government-hired hackers get paid just like a regular employee or freelancer.

how hackers make money

Companies do so as well. A hacker can decide to get paid via Western Union WU, Furthermore, to keep everything seemingly legal and under the radar of the IRS and other government agencies, hackers tend to have regular, legal jobs.

Those can include working for a security company.

How do hackers earn money? : explainlikeimfive

Legitimate funds are then used to obfuscate the source of financial gains made by hacking. Jurica Dujmovic is a business publisher, consultant, designer and gamer. By using this site you agree to the Terms of Service , Privacy Policy , and Cookie Policy.

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how hackers make money

By Jurica Dujmovic Columnist. Hackers are in greater demand than ever. Exchange of goods Sometimes wire transfers are not an option. Government funding To find a thief, you must think like one. Money-transfer companies A hacker can decide to get paid via Western Union WU, More Coverage 4 things that could kill the bull market for stocks 5 reasons NOT to shop at Aldi — and one big reason why you should These stocks may be ready to pick up the bullish baton from techs.

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