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Trend Micro research finds trust lacking within underground markets and cybercriminal forums
Published in The Saudi Gazette on 15 - 06 - 2020

Trend Micro Incorporated, a global leader in cybersecurity solutions, Monday released new data on cybercriminal operations and patterns for buying and selling goods and services in the underground. Trust has eroded among criminal interactions, causing a switch to e-commerce platforms and communication using Discord, which both increase user anonymization.
"This report highlights the threat intelligence we collect and analyze from global cybercriminal networks that enables us to alert, prepare and protect our corporate customers and partners," said Dr. Moataz Binali, vice president for Trend Micro Middle East and North Africa.
"This research helps us inform businesses early about emerging threats, such as Deepfake ransomware, AI bots, Access-as-a-Service and highly targeted SIM-swapping. A layered, risk-based response is vital for mitigating the risk posed by these and other increasingly popular threats."
The report reveals that determined efforts by law enforcement appear to be having an impact on the cybercrime underground. Several forums have been taken down by global police entities, and remaining forums experience persistent DDoS attacks and log-in problems impacting their usefulness.
Loss of trust led to the creation of a new site, called DarkNet Trust, which was created to verify vendors' and increase user anonymity. Other underground markets have launched new security measures, such as direct buyer-to-vendor payments, multi-signatures for cryptocurrency transactions, encrypted messaging, and a ban on JavaScript.
The report also reveals the changing market trends for cybercrime products and services since 2015. Commoditization has driven prices down for many items. For example, crypting services fell from $1,000 to just $20 per month, while the price of generic botnets dropped from $200 to $5 per day. Pricing for other items, including ransomware, Remote Access Trojans (RATs), online account credentials and spam services, remained stable, which indicates continued demand.
However, Trend Micro Research has seen high demand for other services, such as IoT botnets, with new undetected malware variants selling for as much as $5,000. Also popular are fake news and cyber-propaganda services, with voter databases selling for hundreds of dollars, and gaming accounts for games like Fortnite can fetch around $1,000 on average.
Other notable findings include the emergence of markets for:
• Deepfake services to harass individuals as well as bypass photo verification requirements on some sites.
• AI-based bots designed to predict patterns and crack complex Roblox CAPTCHA.
• Access-as-a-Service to hacked devices and corporate networks. Prices for Fortune 500 companies can reach up to US$10,000 and some services include access with read and write privileges.
• Wearable device accounts where access could enable cybercriminals to run warranty scams by requesting replacement devices.
Trends in underground marketplaces will likely shift further in the months following the global COVID-19 pandemic, as attack opportunities continue to evolve. To protect against the ever-changing threat landscape, Trend Micro recommends a multi-layered defense approach to protect against the latest threats and mitigate corporate security risk. — SG


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