A look inside the big business of cybercrime

For three months, Armor’s Threat Resistance Unit (TRU) research team compiled and analyzed data from the black market to shed light on the type of activity threat actors are participating in and how underground forums operate in the burgeoning industry.

Just as big businesses operate based on regulations, the laws of supply and demand, and even customer reviews, so does the black market. However, unlike the legitimate economy, the underground market is highly anonymized and can be difficult to access, with some sites requiring rounds of verification and removing users deemed suspicious.

“There’s no question that the Dark Web is filled with stolen financial information, personal records and tools for carrying out small- and large-scale attacks,” said Wayne Reynolds, vice president of security, Armor. “More surprisingly, threat actors have created a guide for each other at the expense of their victims. Cybercriminals have developed a world where someone’s identity can be stolen and their bank account wiped out in an instant.”

Read more about the findings of the research by Armor on Help Net Security.

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