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[PCWorld] Internet Black Market Thriving

post #1 of 6
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http://www.pcworld.com/businesscente...t_thrives.html

Quote:
An online underground economy has recently matured into an efficient, global marketplace to trade stolen goods and offer fraud-related services.

According to Symantec's recently released 'Report on the Underground Economy', the estimated value of goods offered by individual traders within the online underground economy is measured in the millions of dollars.

The report is derived from data gathered by Symantec's Security Technology and Response (STAR) organisation, from underground economy servers between 1 July 2007 and 30 June 2008.

STAR is a worldwide team of security engineers, threat analysts, and researchers that provides the underlying functionality, content and support for all Symantec corporate and consumer security solutions.

The potential value of total advertised goods observed by Symantec was more than US$276 million for the reporting period. This value was determined using the advertised prices of the goods and services and measured how much advertisers would make if they liquidated their inventory.

During the reporting period, Symantec observed 69,130 distinct active advertisers and 44,321,095 total messages posted to underground forums. The potential value of the total advertised goods for the top 10 most active advertisers was US$16.3 million for credit cards and US$2 million for bank accounts.

The underground economy is geographically diverse and generates revenue for cybercriminals who range from loose collections of individuals to organised and sophisticated groups.
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post #2 of 6
Torrent power!
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Prometheus
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post #3 of 6
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Quote:
Originally Posted by Croft View Post
Torrent power!
No, it's more along the lines of actual stolen property/hardware and goods.
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post #4 of 6
Quote:
Originally Posted by Diabolical999 View Post
No, it's more along the lines of actual stolen property/hardware and goods.
Careful how you chose your words there. Software can be thought of as property as much as hardware can.
    
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post #5 of 6
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Quote:
Originally Posted by mtbhrd View Post
Careful how you choose your words there. Software can be thought of as property as much as hardware can.
True, but it's about physical property that's ripped off, then more or less posted up for sale online. But yeah, I'd imagine tons of boxed software gets ripped off.
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post #6 of 6
Probably a lot of these are from people's myspace/facebook getting phished and then them along with all their stupid friends either clicking on the "macys gift card" link or trying to find their "picture" on tubeface.com or whatever.

There are a few cases to where someone will open a picture or something with a keylogger spliced in, but i have to think most people who get their CC stolen are the people who put in their CC to get "free" things, or into popups/emails.
    
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