In news that will surprise nobody, the Dark Web is experiencing a boom. With an increase in ransomware attacks in 2020, cyber criminals are turning to the platform to not only sell account credentials and information they have successfully swiped, but also the malware they use to carry out the attacks.
The result is a large increase in the data being sold on the underground forums, but the price holding steady. It means criminals continue to make large sums of money from sales on the Dark Web. The news is bad for businesses as it can only inspire more would-be cyber criminals to try and earn a slice of the Dark Web money tree by carrying out cyber attacks.
Fake-ID and credit cards often sell for figures of several thousands, while Uber accounts and confidential company data continue to sell strongly, too.
Social-media credentials, though, have lost value over the last twelve months, thanks to the increase in MFA implementation, which sees cyber criminals using time-consuming social-engineering tactics instead. Physical counterfeit documents are very valuable, followed by document scans and even counterfeit money, which is popular on these Dark Web marketplaces.
It seems as though cyber criminals are experiencing an increase in ransom payments too – resulting in a double payday for many of the perpetrators.
Neuways advise business end users to remain vigilant when operating online. By practising strong password hygiene and being aware of malware-stuffed communications, employees will reduce the successfulness of these attacks. MFA is an important layer to any business’ cyber security defences, as it does make it substantially harder for cyber criminals to benefit from stealing these type of credentials.
Users should also understand the value of their personal and company data that they work with – if you are using the same password for multiple business accounts you hold, and one of these is breached by a cyber criminal, the resulting damage could prove to be financially rewarding for the criminal and lead to disruptive, costly downtime for the business.