Thursday, February 25, 2021
  • Setup menu at Appearance » Menus and assign menu to Top Bar Navigation
Advertisement
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News
No Result
View All Result
NikolaNews
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News
No Result
View All Result
NikolaNews
No Result
View All Result
Home Internet Security

Bad news: Dark web sales of fraud guides are booming. Good news: They’re useless fakes

April 17, 2020
in Internet Security
Bad news: Dark web sales of fraud guides are booming. Good news: They’re useless fakes
585
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

Almost half of the listings on the most popular underground marketplaces are guides on how to commit fraud, as aspiring cyber criminals look to find out how to conduct business email compromise and other online scams. But there’s a twist – many of the how-to guides are useless fakes.

Cybersecurity researchers at Terbium Labs examined listings on three major dark web exchanges and found that 49% of all data being sold consisted of how to guides for online fraud. In many cases, guides are written on how to do this against specific organisations, particularly those in the financial sector. 

You might also like

More than 6,700 VMware servers exposed online and vulnerable to major new bug

Google funds Linux kernel developers to work exclusively on security

Want to pass on your old PCs to good causes? Here’s how to do it while staying secure

Stolen personal data only accounted for 15% of listings, with non-financial accounts and credentials (12.2%), financial accounts and credentials (8.2%), fraud tools and templates (8%) and payment cards (7%) accounting for the rest. The average price for a single personal record was $8.45, while the cost of a single personal record can drop as low as $1.00. 

Credentials available for sale on the sites included usernames and passwords for services ranging from email accounts, streaming services and even food delivery accounts.

SEE: Cybersecurity: Let’s get tactical (ZDNet/TechRepublic special feature) | Download the free PDF version (TechRepublic)

The average price for this data is $7 – although in come cases it reaches triple figures – and leaked usernames and passwords, linked to other personal details can provide attackers with a means of compromising the victim’s other accounts – potentially even their corporate ones.

Credentials for financial accounts listed on the dark web potentially provide cyber criminals with direct access to bank, payment card and PayPal accounts that have been compromised – and direct access to the funds within. Attackers can either simply steal this money, or alternatively, use the card details to make purchases for themselves, or even set up loans.

The potential for this data proving lucrative means that these accounts command a higher sum that others, with listings in this category selling for an average of $33, but sometimes they can be listed for as high as $500.

Buying guides on how to commit fraud isn’t risk-free because some are fraudulent themselves, providing readers with no useful information – and it’s not as if the buyer can demand their money back.

“Ironically, many fraud guides are themselves fraudulent. Bad actors create fake guides, and try to make a profit selling them before buyers catch on,” said Tyler Carbone, chief strategy officer at Terbium Labs.

By being aware about data breaches and other incidents where credentials might be leaked, organisations can reduce the potential of falling victim to any sort of attack or fraud.

SEE: WHO chief emails claiming to offer coronavirus drug advice plant keyloggers on your PC

“You can dramatically reduce your exposure if you understand early that data is exposed, and what data is exposed, because you can cut short those cycles where criminals use exposed data to defraud your organisation,” he added.

There are also policies that organisations can employ to help prevent attackers using stolen data to compromise accounts.

These include encouraging employees not to use passwords they may have used elsewhere and to employ multi-factor authentication on business accounts, so even if an attacker knows the correct passwords, the chances of them being able to use it successfully are heavily reduced.

MORE ON CYBERSECURITY

Credit: Zdnet

Previous Post

The Transition of Spend Management to Intelligent Spend Management

Next Post

Adoption Of E-learning During Crises & Lockdowns

Related Posts

More than 6,700 VMware servers exposed online and vulnerable to major new bug
Internet Security

More than 6,700 VMware servers exposed online and vulnerable to major new bug

February 25, 2021
Google funds Linux kernel developers to work exclusively on security
Internet Security

Google funds Linux kernel developers to work exclusively on security

February 25, 2021
Want to pass on your old PCs to good causes? Here’s how to do it while staying secure
Internet Security

Want to pass on your old PCs to good causes? Here’s how to do it while staying secure

February 24, 2021
Red Hat closes StackRox Kubernetes security acquisition
Internet Security

Red Hat closes StackRox Kubernetes security acquisition

February 24, 2021
COVID pandemic causes spike in cyberattacks against hospitals, medical companies
Internet Security

COVID pandemic causes spike in cyberattacks against hospitals, medical companies

February 24, 2021
Next Post
Adoption Of E-learning During Crises & Lockdowns

Adoption Of E-learning During Crises & Lockdowns

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Plasticity in Deep Learning: Dynamic Adaptations for AI Self-Driving Cars

Plasticity in Deep Learning: Dynamic Adaptations for AI Self-Driving Cars

January 6, 2019
Microsoft, Google Use Artificial Intelligence to Fight Hackers

Microsoft, Google Use Artificial Intelligence to Fight Hackers

January 6, 2019

Categories

  • Artificial Intelligence
  • Big Data
  • Blockchain
  • Crypto News
  • Data Science
  • Digital Marketing
  • Internet Privacy
  • Internet Security
  • Learn to Code
  • Machine Learning
  • Marketing Technology
  • Neural Networks
  • Technology Companies

Don't miss it

More than 6,700 VMware servers exposed online and vulnerable to major new bug
Internet Security

More than 6,700 VMware servers exposed online and vulnerable to major new bug

February 25, 2021
Everything You Need to Know About Evolving Threat of Ransomware
Internet Privacy

Everything You Need to Know About Evolving Threat of Ransomware

February 25, 2021
Machine learning speeding up patent classifications at USPTO
Machine Learning

Machine learning speeding up patent classifications at USPTO

February 25, 2021
How to Make Data Annotation More Efficient? | by ByteBridge | Feb, 2021
Neural Networks

How to Make Data Annotation More Efficient? | by ByteBridge | Feb, 2021

February 25, 2021
How to Nail Virtual and Digital Communication
Marketing Technology

How to Nail Virtual and Digital Communication

February 25, 2021
Google funds Linux kernel developers to work exclusively on security
Internet Security

Google funds Linux kernel developers to work exclusively on security

February 25, 2021
NikolaNews

NikolaNews.com is an online News Portal which aims to share news about blockchain, AI, Big Data, and Data Privacy and more!

What’s New Here?

  • More than 6,700 VMware servers exposed online and vulnerable to major new bug February 25, 2021
  • Everything You Need to Know About Evolving Threat of Ransomware February 25, 2021
  • Machine learning speeding up patent classifications at USPTO February 25, 2021
  • How to Make Data Annotation More Efficient? | by ByteBridge | Feb, 2021 February 25, 2021

Subscribe to get more!

© 2019 NikolaNews.com - Global Tech Updates

No Result
View All Result
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News

© 2019 NikolaNews.com - Global Tech Updates