Author: Igor Baikalov

Igor Baikalov, former head of security intelligence for Bank of America, who is now chief scientist for Securonix, commented on the news of the arrest of several individuals in association with the JP Morgan Chase data breach. Igor Baikalov, Chief Scientist for Securonix : “There’s a clear trend of increasing complexity of digital crime. It’s no longer a simple hit-and-run, like account hijacking or indiscriminate spam. Now it’s an elaborate multi-layered, multi-stage fraud scheme that requires a team of criminal specialists to carry out. Just like money, it evolved from barter trading exchange to global markets and around the clock bitcoin…