Narrowing in on the dark web drug economy reveals a microcosm of how illicit economies adapt to such crises, showcasing the unique rule of the internet in providing flexibility and resilience to illicit activities.
Overstimulating: CARES Act Fraud on the Deep and Dark Web
If there’s one thing that is certain on the dark web, it’s that these threat actors sensed an opportunity last month when the U.S. government announced it would deposit checks into the accounts of millions of Americans. And multiple news sources have noted that the stimulus checks and the forgivable loans made under the Paycheck Protection Program (PPP) were attractive targets for a myriad of fraud schemes.
You are the product: Combating the Growing Sophistication in the Stolen Credentials Marketplace
At the end of 2019, account takeover (ATO) fraud accounted for 16% of fraud-related losses. The dark web provides fraudsters with intelligence that enables them to infiltrate your customers’ accounts without raising any suspicions. Once activity in a compromised account goes undetected, the potential for loss is much higher than with stolen credentials fraud.
Zooming in on Zoom: Discourse on Video Conferencing Applications in the Underground
The worldwide Coronavirus pandemic has forced millions of people to adapt their lives and work from home. With this new normal came a quantum leap in the use of video conferencing apps such as Zoom—along with many users unfamiliar with the technology—has created an opening for hackers and internet trolls.
Coronavirus Discourse Update
While the overwhelming majority of discourse surrounding COVID-19 is informational, there is a troubling rise in malicious intent, as threat actors seek to monetize this crisis through a variety of illegal methods. We must caution that the dark web is a testing ground of malign ideas; if an actor shares a “success story” of how he made money, many copycat attacks should be expected in the immediate future.
Virus in the Wild: Coronavirus Discourse on the Dark Web
Dark web activity is very often focused on computer viruses. Sometimes, however, it takes a virus of another kind—biological—to remind us of the dark web’s original intended use, as a medium for anonymous communication between individuals, unimpeded by governments and geography. Undoubtably, many want to discuss COVID-19 on more secure channels, including those wishing to avoid Chinese state surveillance. Accordingly, we noted interesting patterns of discourse in secure messaging apps, such as Telegram, QQ, and Discord, as well as a spike in discourse on deep and dark web forums.
THE ULTIMATE GUIDE TO DARK WEB INTELLIGENCE
What kind of activities are really happening on the Dark Web? How much is myth and how much is real? Organizations from all industries need to understand the importance of monitoring the Dark Web to prevent future threats and attacks that could be costly and tarnish their reputation.
Download our Ultimate Guide To Dark Web Intelligence to find out.
Underground Financial Fraud – H2 2019
During the last six months of 2019 (H2-2019), 76,230,127 compromised cards
were offered for sale by threat actors in illegal credit card markets monitored
by Sixgill in the deep and dark web. In H1-2019, 23,319,709 cards were offered