[ISN] How online black markets work

From: InfoSec News <alerts_at_private>
Date: Tue, 1 May 2012 00:08:52 -0500 (CDT)
http://www.csoonline.com/article/705316/how-online-black-markets-work

By Brandon Gregg, CPP
CSO
April 30, 2012

The internet is no stranger to crime. From counterfeit and stolen 
products, to illegal drugs, stolen identities and weapons, nearly 
anything can be purchased online with a few clicks of the mouse. The 
online black market not only can be accessed by anyone with an Internet 
connection, but the whole process of ordering illicit goods and services 
is alarmingly easy and anonymous, with multiple marketplaces to buy or 
sell anything you want.

Understanding how the market thrives—unregulated and untraceable—can 
give you a better sense of the threats (or resources) that affect you 
and your business.

In our scenario we are going to legally transfer $1,000 USD out of a 
regular bank account and into a mathematical system of binary codes, and 
then enter a neighborhood of the Internet largely used by criminals. 
This hidden world anyone lets purchase bulk downloads of stolen credit 
cards, as well as a credit card writer, blank cards, some "on stage" 
fake identities—and maybe even a grenade launcher they've had their eyes 
on.

A journey into the darker side of the Internet starts with two 
open-source programs: Bitcoin and the Tor Bundle.

[...]

_______________________________________________
LayerOne Security Conference
May 26-27, Clarion Hotel, Anaheim, CA
http://www.layerone.org
Received on Mon Apr 30 2012 - 22:08:52 PDT

This archive was generated by hypermail 2.2.0 : Mon Apr 30 2012 - 22:04:49 PDT