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Industry of Anonymity: Inside the Business of Cybercrime

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The most extensive account yet of the lives of cybercriminals and the vast international industry they have created, deeply sourced and based on field research in the world’s technology-crime hotspots.

Cybercrime seems invisible. Attacks arrive out of nowhere, their origins hidden by layers of sophisticated technology. Only the victims are clear. But every crime has its perpetrator―specific individuals or groups sitting somewhere behind keyboards and screens. Jonathan Lusthaus lifts the veil on the world of these cybercriminals in the most extensive account yet of the lives they lead, and the vast international industry they have created.

We are long past the age of the lone adolescent hacker tapping away in his parents’ basement. Cybercrime now operates like a business. Its goods and services may be illicit, but it is highly organized, complex, driven by profit, and globally interconnected. Having traveled to cybercrime hotspots around the world to meet with hundreds of law enforcement agents, security gurus, hackers, and criminals, Lusthaus takes us inside this murky underworld and reveals how this business works. He explains the strategies criminals use to build a thriving industry in a low-trust environment characterized by a precarious combination of anonymity and teamwork. Crime takes hold where there is more technical talent than legitimate opportunity, and where authorities turn a blind eye―perhaps for a price. In the fight against cybercrime, understanding what drives people into this industry is as important as advanced security.

Based on seven years of fieldwork from Eastern Europe to West Africa, Industry of Anonymity is a compelling and revealing study of a rational business model which, however much we might wish otherwise, has become a defining feature of the modern world.

304 pages, Hardcover

Published October 16, 2018

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Displaying 1 - 9 of 9 reviews
Profile Image for Ryan.
1,401 reviews198 followers
January 26, 2019
Interesting topic but really weak execution. For all the research this guy apparently did (there are a lot of citations), there is not a single thing in the entire book which isn't obvious. Like, "people pick nicknames and there is tension between rotating them frequently for opsec and maintaining consistent branding."

There are lots of better books which incidentally cover all of this material while actually being informative and entertaining. Kingpin, Dark Market, Krebs, etc. are all vastly better books.
210 reviews3 followers
August 7, 2021
The book is focused on the daily challenges of cybercrime from within the industry. While interesting, the discussion did not discuss the connection to the types of cybercrime, how they are developed, how they integrate with the different cybercrime communities, their tooling and how law enforcement seeks to penetrate, support or deny these existing and new efforts.

While the author said it took 7 years to research (which I don't doubt), I feel the tangential aspects : (1) architecting cyber crime, (2) designing processes, attack surfaces and teams of personnel and (3) minimizing risk. would have been good treatises to discuss. There was a minimal (chapter 53) but valuable discussion on what is being done to fight it/ what should be done.
Profile Image for Mitchell.
185 reviews1 follower
July 4, 2025
I swear I read this years ago and I wanted to read it again because it was interesting. Maybe I'm remembering incorrectly, because it wasn't anything like I remembered! It was still a good informative read. At times, being a more academic text, it was a bit dense, and I found the thesis of each chapter getting a little repetitive, but overall it was good.
Profile Image for Jari Pirhonen.
459 reviews16 followers
March 10, 2019
A comprehensive study of cybercrime and cybercriminals. A bit dry to listen - no surprises. Good that cybercrime is studied, though.
Profile Image for Jason.
200 reviews8 followers
July 23, 2022
It is pretty obvious that he is an outsider. Books written by people involved in this are far more interesting.
30 reviews
November 2, 2023
Elements were interesting but the audiobook narrator was not very engaging and the reading of references really took me out of the information they were sharing.
Profile Image for Anthony.
109 reviews
December 18, 2019
Excellent history of the development of cybercrime and it’s current organization as the cybercrime “industry.”
Profile Image for Saeed Ammaneh.
3 reviews1 follower
Read
March 29, 2021
do not listen to the audio version of this book, the narrator is reading every citation and it's very annoying and distracting, it is an interesting book nonetheless.
Displaying 1 - 9 of 9 reviews

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