dark websites Archives - The News Max https://www.thenewsmax.co/tag/dark-websites/ My WordPress Blog Sun, 21 Jan 2024 11:04:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://www.thenewsmax.co/wp-content/uploads/2022/11/cropped-NMAX-32x32.png dark websites Archives - The News Max https://www.thenewsmax.co/tag/dark-websites/ 32 32 What Dark Markets Is – And What it is Not https://www.thenewsmax.co/what-dark-markets-is-and-what-it-is-not/ Sun, 21 Jan 2024 11:04:10 +0000 https://www.thenewsmax.co/?p=35239 Introduction: The advent of the internet has ushered in unprecedented opportunities for connectivity, information sharing, and e-commerce. However, alongside legitimate platforms, there exists an obscure domain that operates clandestinely – the darknet marketplace. At the heart of this hidden space lies a phenomenon known as darknet markets, virtual marketplaces where illegal goods and services are [...]

The post What Dark Markets Is – And What it is Not appeared first on The News Max.

]]>
Introduction:
The advent of the internet has ushered in unprecedented opportunities for connectivity, information sharing, and e-commerce. However, alongside legitimate platforms, there exists an obscure domain that operates clandestinely – the darknet marketplace. At the heart of this hidden space lies a phenomenon known as darknet markets, virtual marketplaces where illegal goods and services are bought and sold anonymously. This article aims to shed light on the workings, risks, and impact of darknet markets.

Understanding darknet market Markets:
darknet market markets, accessible only through specialized software like Tor, provide a platform for anonymous transactions, making them a haven for the illicit trade of narcotics, counterfeit currency, stolen personal data, weapons, hacking services, and more. These markets function on a decentralization principle, utilizing cryptocurrency payments to sever any traceable link between buyers, sellers, and transactions.

The Modus Operandi:
Navigating darknet markets requires a certain level of technological prowess and proficiency to maintain anonymity. Users typically employ secure, encrypted communications and conduct transactions via cryptocurrencies like Bitcoin, Monero, darkmarket or Zcash. Vendors create listings, provide detailed product descriptions and reviews, and even offer customer support. Ratings and reputation systems serve as the backbone of these markets, ensuring some level of trust among participants.

Risks and Challenges:
While darknet markets may present illegal opportunities for individuals seeking illicit goods and services, they are not without their perils. The anonymity that attracts users to darknet markets can be a double-edged sword. There have been numerous instances of exit scams, where marketplace operators vanish with users’ funds without delivering the promised goods. In addition, law enforcement agencies have increasingly targeted darknet marketplaces, aiming to dismantle these platforms and apprehend high-profile traders.

The Societal Impact:
Darknet markets have profound consequences that extend beyond the virtual realm. The accessibility and anonymity afforded by these platforms fuel addiction, exacerbate the drug trade, and contribute to the proliferation of harmful substances among vulnerable populations. Furthermore, darknet marketplaces enable cybercriminals to exploit personal information, jeopardizing individual privacy and facilitating identity theft. The financial repercussions are significant, as darknet market markets generate massive amounts of revenue through illegal activities.

Government Intervention and Future Outlook:
Governments around the world have recognized the detrimental influence of darknet markets and have stepped up efforts to combat their proliferation. Enhanced monitoring, intelligence sharing, and collaboration among international law enforcement agencies are helping dismantle these marketplaces, arrest notorious vendors, and seize assets. However, the decentralized nature of darknet market markets poses an ongoing challenge for law enforcement.

Looking ahead, the fight against darknet markets will likely intensify, with authorities implementing more robust cybersecurity measures, stricter regulations for darknet markets url digital currencies, and enhanced investigative techniques. While the darknet realm may persist, it is crucial for governments and society as a whole to remain vigilant and proactive in safeguarding online spaces from criminal activities.

Conclusion:
Darknet markets represent an alarming manifestation of the internet’s dark underbelly, enabling the trade of illicit goods and services while operating anonymously. While they serve as hubs for illegal activities, they also raise concerns regarding privacy, cybersecurity, and societal well-being. Addressing the challenges posed by darknet markets necessitates a collective effort involving law enforcement, technology companies, and society at large. By promoting digital safety, educating users, and adopting proactive measures, we can strive towards a safer online world for everyone.

The post What Dark Markets Is – And What it is Not appeared first on The News Max.

]]>
Marriage And Darknet Markets 2024 Have More In Common Than You Think https://www.thenewsmax.co/marriage-and-darknet-markets-2024-have-more-in-common-than-you-think/ Tue, 09 Jan 2024 14:04:13 +0000 https://www.thenewsmax.co/?p=28466 In recent years, the dark side of the internet has gained significant attention and notoriety, with the emergence and dark market list proliferation of what are known as darknet market markets. These online platforms operate under the cloak of anonymity and are notorious for facilitating illegal transactions and the sale of illicit goods. With the [...]

The post Marriage And Darknet Markets 2024 Have More In Common Than You Think appeared first on The News Max.

]]>
In recent years, the dark side of the internet has gained significant attention and notoriety, with the emergence and dark market list proliferation of what are known as darknet market markets. These online platforms operate under the cloak of anonymity and are notorious for facilitating illegal transactions and the sale of illicit goods. With the increasing sophistication of technology and the growing appeal of cryptocurrencies, darknet markets have become a magnet for criminals, raising concerns for law enforcement authorities worldwide.

Darknet markets exist within the dark web, a subset of the deep web that requires specific software and configurations to access. These platforms differ from regular e-commerce websites, as they intentionally conceal the identities of both sellers and buyers, as well as the locations of servers hosting the websites. This anonymity is achieved through various mechanisms such as encryption and the use of virtual private networks (VPNs), making it extremely challenging for law enforcement agencies to track down and shut down these illicit marketplaces.

One of the primary attractions of darknet market markets is their ability to offer a wide array of illegal products and services that are banned or regulated in most countries. Drugs, counterfeit goods, stolen data, weapons, hacking services, and even hitmen-for-hire are just a few examples of the items available in these markets. The anonymity provided by these platforms gives criminals the confidence to conduct their illicit activities, making it harder for authorities to prevent and investigate such crimes.

Bitcoin and other cryptocurrencies act as the preferred mode of payment in darknet markets. These digital currencies offer an additional layer of anonymity and make it more challenging for investigators to trace financial transactions. Cryptocurrencies are also highly volatile, making them attractive for darkmarket 2024 money laundering purposes as they can be easily converted into other currencies.

Despite the inherently illegal nature of darknet market markets, they have provided a space for individuals seeking recreational drugs or privacy-conscious individuals looking to protect their online identity from surveillance. Some argue that these markets serve as a necessary outlet for individuals who are otherwise unable or unwilling to access specific goods or services due to legal restrictions or social stigma. However, the darknet also presents significant risks, such as the lack of quality control for products, increasing the likelihood of harm or even death for unsuspecting buyers.

Law enforcement agencies worldwide have been actively engaged in combating these illicit marketplaces. Authorities regularly conduct extensive investigations, infiltrating these platforms and arresting those involved in illegal activities. However, the dynamic and ever-evolving nature of darknet market markets presents constant challenges. As soon as one marketplace is taken down, another emerges, often learning from the mistakes of its predecessors to enhance security and protect the anonymity of its users.

To tackle this issue effectively, a multifaceted approach is required. Collaboration between international law enforcement agencies, sharing intelligence, and developing advanced technology to trace cryptocurrency transactions are just a few of the strategies employed to mitigate the risks posed by darknet markets url markets.

Ultimately, the existence and growth of darknet markets exemplify the ongoing battle between criminals seeking opportunities to exploit emerging technologies and law enforcement agencies striving to maintain order and protect citizens. The struggle to combat darknet markets is likely to continue as long as there is a demand for illegal goods and services, highlighting the need for constant vigilance and innovation in the fight against cybercrime.

The post Marriage And Darknet Markets 2024 Have More In Common Than You Think appeared first on The News Max.

]]>
German investigators shut down big darknet marketplace https://www.thenewsmax.co/german-investigators-shut-down-big-darknet-marketplace-7/ Sat, 06 Jan 2024 21:04:13 +0000 https://www.thenewsmax.co/?p=26953 BERLIN (AP) – German prosecutors said Tuesday that they have taken down what they believe was the biggest illegal marketplace on the darknet market and darkmarket arrested its suspected operator. The site, known as DarkMarket, was shut down on Monday, prosecutors in the southwestern city of Koblenz said. All sorts of drugs, forged money, stolen [...]

The post German investigators shut down big darknet marketplace appeared first on The News Max.

]]>
BERLIN (AP) – German prosecutors said Tuesday that they have taken down what they believe was the biggest illegal marketplace on the darknet market and darkmarket arrested its suspected operator.

The site, known as DarkMarket, was shut down on Monday, prosecutors in the southwestern city of Koblenz said.
All sorts of drugs, forged money, stolen or forged credit cards, anonymous mobile phone SIM cards and malware were among the things offered for sale there, darknet market magazine they added.

German investigators were assisted in their months-long probe by U.S. authorities and by Australian, British, Danish, Swiss, Ukrainian and dark websites web darknet market Moldovan police.

The marketplace had nearly 500,000 users and more than 2,400 vendors, prosecutors said.

They added that it processed more than 320,000 transactions, and Bitcoin and Monero cryptocurrency to the value of more than 140 million euros ($170 million) were exchanged.

The darknet markets Onion is a part of the web accessible only with specialized identity-cloaking tools.

The suspected operator, a 34-year-old Australian man, was arrested near the German-Danish border.

Prosecutors said a judge has ordered him held in custody pending possible formal charges, and he hasn’t given any information to investigators.

More than 20 servers in Moldova and Ukraine were seized, German prosecutors said. They hope to find information on those servers about other participants in the marketplace.

Prosecutors said the move against DarkMarket originated in an investigation of a data processing center installed in a former NATO bunker in southwestern Germany that hosted sites dealing in drugs and other illegal activities.

It was shut down in 2019.

That center hosted DarkMarket at one point.


The post German investigators shut down big darknet marketplace appeared first on The News Max.

]]>
Irish health system struggling to recover from cyberattack https://www.thenewsmax.co/irish-health-system-struggling-to-recover-from-cyberattack-3/ Sat, 06 Jan 2024 21:04:10 +0000 https://www.thenewsmax.co/?p=26943 LONDON (AP) – Ireland´s health system was still struggling to restore its computers and darknet market treat patients on Tuesday, four days after it shut down its entire IT system in response to a cyberattack. Thousands of diagnostic appointments, cancer treatment clinics and surgeries have been canceled or delayed since a ransomware attack on Friday. [...]

The post Irish health system struggling to recover from cyberattack appeared first on The News Max.

]]>
LONDON (AP) – Ireland´s health system was still struggling to restore its computers and darknet market treat patients on Tuesday, four days after it shut down its entire IT system in response to a cyberattack.

Thousands of diagnostic appointments, cancer treatment clinics and surgeries have been canceled or delayed since a ransomware attack on Friday.
Authorities said hundreds of people have been deployed to tackle the attack, but it could be weeks before the health service can return to normal.

Irish Prime Minister Micheal Martin said Tuesday that the attack was a “heinous” one that targeted patients and “the Irish public.” Health Service Executive chief clinical officer Colm Henry said the attack had had “a profound impact on our ability to deliver care,” and that the disruptions would undoubtedly “mount in the coming days and weeks.”

More than 2,000 patient-facing IT systems are affected, with around 80,000 devices linked to such systems throughout the health service, Henry told Irish broadcaster RTE.

Authorities are prioritizing systems involving direct patient care diagnostics, such as radiology, radiotherapy and maternity and newborn services.

“That´s what our experts are focusing on this week, with external help, to ensure those services are not reliant on manual exchange of information,” he said.

Ransomware attacks are typically carried out by criminal hackers who scramble data, darknet market paralyzing victims´ networks, and demand a large payment to decrypt it.

Irish officials say a ransom has been demanded but they will not pay it.

Conti, darkmarkets a Russian-speaking ransomware group, was demanding $20 million, according to the ransom negotiation page on its darknet markets links site viewed by The Associated Press. The gang threatened Monday to “start publishing and selling your private information very soon” if the money was not paid.

“The government will not be paying any money,” Justice Minister Heather Humphreys told RTE.

“We will not be blackmailed.”

The Irish Association for Emergency Medicine urged people not to turn up at hospitals’ emergency departments unless they have a genuinely urgent need to do so. It said that electronic ordering of blood tests, X-rays and darkmarket list scans is not available, and clinicians have no access to previous X-rays or scan results.
Many hospitals’ telephone systems are also not functioning because they are carried on computer networks, it added.

Patients have described their frustration about the attack, describing it as another torment thrown into the already difficult struggle to face illness during the COVID-19 pandemic.

Eimear Cregg, 38, a primary school teacher who is fighting breast cancer, had radiation therapy briefly postponed while doctors sought to restore her records so they could treat her properly.

“This is a very cruel thing to do to vulnerable people,´´ she told The Associated Press. “We´re fighting every day as it is and this was just another curve ball that wasn´t needed.´´

The Health Service Executive said in a statement late Monday that there were “serious concerns about the implications for patient care arising from the very limited access to diagnostics, lab services and historical patient records.”

The attack has also shut down the system used to pay health care workers.

The health service said it was working methodically to assess and restore its computer systems.

“Our priority is keeping our patients safe and maintaining essential care and support services,” it said.

Ransomware attacks are an increasing problem for private companies and public bodies around the world.

T he Thai affiliate of Paris-based insurance company AXA and darknet markets 2024 a public health provider in New Zealand were both dealing with ransomware attacks on Tuesday.

In the U.S., the nation´s largest fuel pipeline was hit with a ransomware attack earlier this month.

The disruption of the Colonial Pipeline caused long lines at gas stations due to distribution problems and panic-buying, draining supplies at thousands of gas stations.

The post Irish health system struggling to recover from cyberattack appeared first on The News Max.

]]>
U.S. announces international crackdown on DarkNet opioid trafficking https://www.thenewsmax.co/u-s-announces-international-crackdown-on-darknet-opioid-trafficking-2/ Sat, 06 Jan 2024 17:04:15 +0000 https://www.thenewsmax.co/?p=26748 By Mark Hosenball WASHINGTON, Oct 26 (Reuters) – An international operation targeting trafficking in opioids on a clandestine part of the internet called the darknet market has led to about 150 arrests in the United States and Europe and the seizure of drugs, cash and guns, U.S. and European authorities said on Tuesday. The crackdown, [...]

The post U.S. announces international crackdown on DarkNet opioid trafficking appeared first on The News Max.

]]>
By Mark Hosenball

WASHINGTON, Oct 26 (Reuters) – An international operation targeting trafficking in opioids on a clandestine part of the internet called the darknet market has led to about 150 arrests in the United States and Europe and the seizure of drugs, cash and guns, U.S.

and European authorities said on Tuesday.

The crackdown, called Operation dark web Sites HunTor, was announced at a U.S. Justice Department news conference where Deputy U.S Attorney General Lisa Monaco warned cyberspace drug sellers: “There is no dark internet. We can and we will shed a light.”

Jean-Philippe Lecouffe, deputy director of the international police agency Europol, hailed the results of Operation Dark HunTor as “spectacular.” He said the operation sends a message that “no one is beyond the reach of law enforcement, even on the dark web.” The darknet market and darknet markets onion dark web are related terms concerning a part of the internet accessible only using a specialized web browser and the assortment of internet sites residing there.

An opioid epidemic has claimed the lives of hundreds of thousands of people in the United States alone in the past two decades due to overdoses from prescription painkillers and illegal substances, constituting an enduring public health crisis.

The Dark HunTor operation produced arrests of 150 people accused of being drug traffickers and others accused of engaging in sales of illicit goods and services.

There were 65 arrests in the United States, 47 in Germany, 24 in the United Kingdom, four each in the Netherlands and Italy, three in France, two in Switzerland and one in Bulgaria, the Justice Department said.

The department added that the operation resulted in seizures of more than $31.6 million in cash and virtual currencies as well as 45 firearms.

It added that about 234 kilograms (515 pounds) of drugs including more than 200,000 ecstasy, fentanyl, darknet market links oxycodone, hydrocodone and methamphetamine pills were seized, along with counterfeit medicines.

Kenneth Polite, head of the Justice Department’s Criminal Division, darknet market markets 2024 said such trafficking presents “a global threat and it requires a global response.”

The Justice Department said the crackdown built on operations conducted in late 2020 and early 2021 to disrupt dark web trafficking.

It said that in January, an international crackdown targeted DarkMarket, the world’s largest dark web international marketplace.

(Reporting by Mark Hosenball; Editing by Will Dunham)

The post U.S. announces international crackdown on DarkNet opioid trafficking appeared first on The News Max.

]]>
US sanctions crypto exchange over ransomware ties https://www.thenewsmax.co/us-sanctions-crypto-exchange-over-ransomware-ties-3/ Sat, 06 Jan 2024 15:04:11 +0000 https://www.thenewsmax.co/?p=26650 Washington has announced sanctions against a cryptocurrency exchange it says has worked with ransomware attackers The United States imposed sanctions Tuesday on cryptocurrency exchange SUEX for its ties to ransomware extortionists, as Washington seeks to crack down on a sharp rise in digital crime attacks. The move marks the first US sanctions against a virtual [...]

The post US sanctions crypto exchange over ransomware ties appeared first on The News Max.

]]>

Washington has announced sanctions against a cryptocurrency exchange it says has worked with ransomware attackers

Washington has announced sanctions against a cryptocurrency exchange it says has worked with ransomware attackers

Mistress at Destruction

The United States imposed sanctions Tuesday on cryptocurrency exchange SUEX for its ties to ransomware extortionists, as Washington seeks to crack down on a sharp rise in digital crime attacks.

The move marks the first US sanctions against a virtual currency exchange and they come as President Joe Biden’s administration has been under pressure to act after high-profile hacks and data breaches.

The attacks on a major US oil pipeline, a meatpacking company and Microsoft Exchange email system caused real-world problems and drew attention to the vulnerability to US infrastructure to digital pirates.

The US Treasury Department, which announced the sanctions, did not say if SUEX was implicated in any of those incidents, darknet market lists but noted that 40 percent of the exchange’s known transaction history was linked to “illicit actors.”

“Some virtual currency exchanges are exploited by malicious actors, but others, as is the case with SUEX, facilitate illicit activities for their own illicit gains,” a Treasury statement said, adding they are the first sanctions against a crypto exchange.

As a result of the sanctions, any assets of the platform under US jurisdiction are now blocked and Americans are barred from using SUEX.

– $10 million reward –

Crypto experts from Chainalysis noted large sums had moved through the platform, much of it from suspect sources.

“In Bitcoin alone, SUEX’s deposit addresses hosted at large exchanges have received over $160 million from ransomware actors, scammers and darknet markets links darknet market operators,” said a report from Chainalysis, which provides data on cryptocurrency.

SUEX is registered in the Czech Republic, and has branches in Russia and the Middle East.

Chainalysis said the US designation is important because it “represents significant action” by Washington to combat the money laundering that is key to digital crime.

The United States also issued a fresh warning against companies and individuals paying ransoms to unlock their files seized by ransomware hackers.

It noted that Americans could face penalties themselves if they are involved in making ransom payments as the United States already has a blacklist of people and countries, some of which are linked to ransomware attacks.

Tuesday’s announcement comes after Washington in July offered $10 million rewards for information on online extortionists abroad as it stepped up efforts to halt a sharp rise in ransomware attacks.

This year has seen a slew of prominent ransomware attacks which have disrupted a US pipeline, a meat processor and the software firm Kaseya — affecting 1,500 businesses, many of them far from the limelight.

Some $350 million was paid to malicious cyber actors last year, a spike of 300 percent from 2019, according to the Department of Homeland darknet market site Security.

US officials say many of the attacks originate in Russia although they have debated to what extent there is state involvement.

Russia denies responsibility.


The post US sanctions crypto exchange over ransomware ties appeared first on The News Max.

]]>
Darknet crypto kingpin JokerStash retires after illicit $1 billion… https://www.thenewsmax.co/darknet-crypto-kingpin-jokerstash-retires-after-illicit-1-billion/ Sat, 06 Jan 2024 02:04:14 +0000 https://www.thenewsmax.co/?p=26063 By Tom Wilson LONDON, Feb 12 (Reuters) – The kingpin or dark market link kingpins of the world’s biggest illicit credit card marketplace have retired after making an estimated fortune of over $1 billion in cryptocurrency, according to research by blockchain analysis firm Elliptic shared with Reuters. The “Joker’s Stash” marketplace, where stolen credit cards [...]

The post Darknet crypto kingpin JokerStash retires after illicit $1 billion… appeared first on The News Max.

]]>
By Tom Wilson

LONDON, Feb 12 (Reuters) – The kingpin or dark market link kingpins of the world’s biggest illicit credit card marketplace have retired after making an estimated fortune of over $1 billion in cryptocurrency, according to research by blockchain analysis firm Elliptic shared with Reuters.

The “Joker’s Stash” marketplace, where stolen credit cards and dark web link identity data traded hands for dark darknet markets 2024 bitcoin and other digital coins, ceased operations this month, Elliptic said on Friday, in what it called a rare example of such a site bowing out on its own terms.

Criminal use of cryptocurrencies has long worried regulators, with U.S.

Treasury Secretary Janet Yellen and European Central Bank President Christine Lagarde calling last month for tighter oversight.

While terrorist financing and money laundering are top of law-enforcement concerns, narcotics, fraud, scams and ransomware are among the chief areas of illegal use of digital currencies, according to Elliptic co-founder Tom Robinson.

Joker’s Stash was launched in 2014, with its anonymous founder “JokerStash” – which could be one or more people – posting messages in both Russian and English, Elliptic said.

It was available on the regular web and via the darknet market, which hosts marketplaces selling contraband.

The darknet market, or darkweb, is a part of the internet that isn’t visible to regular search engines, and requires a form of browser that hides a user’s identity to access.

Elliptic, whose clients include law-enforcement agencies and financial firms, estimates that JokerStash raked in more than $1 billion in profits in cryptocurrencies over the years, at current prices.

Bitcoin has soared from just over $300 in 2014 to hit a record $49,000 on Friday, pulling up other coins in its wake.

The blockchain firm reached the over $1 billion figure by analysing the marketplace’s revenue and the fees it charged, and said it was at the lower end of its estimates.

In December, Interpol and the FBI seized the domain names used by the site, but it continued operating via the darknet market, Elliptic said website Cyber-security firm Digital Shadows also said in December that the darknet site remained live after the seizure.

Interpol did not respond to a request for comment.

The FBI could not be reached outside regular business hours.

Trading illegal credit cards is “a billion-dollar business,” said Robinson. “It’s also providing a means of cashing out other types of cyber-criminality.”

On Jan. 15. Joker’s Stash posted a message announcing it would close permanently on Feb.
15. In fact it went offline on Feb. 3, Elliptic said.

“Joker goes on a well-deserved retirement,” said the message, which Reuters saw a screenshot of. “It’s time for us to leave forever.”

Accompanying it was a picture of the 1862 painting “Sta´nczyk” by Polish artist Jan Matejko, which depicts a court jester sitting forlornly in a bedroom as a party goes on in the background.

(Reporting by Tom Wilson; Editing by Pravin Char)

The post Darknet crypto kingpin JokerStash retires after illicit $1 billion… appeared first on The News Max.

]]>
The largest dark web market for illegal goods is no more https://www.thenewsmax.co/the-largest-dark-web-market-for-illegal-goods-is-no-more-4/ Sat, 06 Jan 2024 01:04:23 +0000 https://www.thenewsmax.co/?p=26043 id=”article-body” class=”row” section=”article-body” data-component=”trackCWV”> Two of the three largest dark web markets are closed for business. The Department of Justice and Europol announced Thursday that they have that served hundreds of thousands of customers trying to get their hands on illegal goods online. While you or I can easily buy groceries, electronics and clothes online, [...]

The post The largest dark web market for illegal goods is no more appeared first on The News Max.

]]>
id=”article-body” class=”row” section=”article-body” data-component=”trackCWV”>

Two of the three largest dark web markets are closed for business.

The Department of Justice and Europol announced Thursday that they have that served hundreds of thousands of customers trying to get their hands on illegal goods online.

While you or I can easily buy groceries, electronics and clothes online, when it comes to finding drugs, weapons and stolen identities, things can get a little more complicated. Merchants of contraband hide out on the dark web, . There, buyers and sellers are anonymous, and so is the currency, with most transactions happening through bitcoin.

AlphaBay alone had 200,000 customers and more than 40,000 sellers peddling illegal goods, making it the largest takedown for a dark web marketplace ever. The website had 100,000 listings for darknet market markets sale when the governments took it down. In comparison, , had 14,000 listings when the FBI shut down the site four years ago. Hansa was the third largest dark web market when it shut down.

“I believe that because of this operation, the American people are safer from the threat of identity fraud and malware, and safer from deadly drugs,” attorney general Jeff Sessions said at a press conference Thursday. He called the bust one of the “most important criminal cases” of the year.

The website made $1 billion in sales before it was shut down in a joint operation of the FBI, the Drug Enforcement Agency, Dutch police and Europol. 

“They coordinated a takedown and have punched a big hole in the operating ability of drug traffickers and other serious criminals around the world,” Europol director Rob Wainwright said.

Visitors first noticed AlphaBay was down on July 5, when Alexandre Cazes, better known as Alpha02, the website’s creator and admin, was arrested in Thailand. On July 12, he was found dead while in custody there, in an apparent suicide. Frequent AlphaBay users were concerned that the shutdown was an “exit scam,” in which a darknet market owner takes the money and runs.

“The operation at AlphaBay was well run and sophisticated, and it struck me as highly unlikely that the darknet market would go down as an exit scam with anything other than calculated precision,” Emily Wilson, the director of analysis at Terbium Labs said, in an email.

Terbium Labs had been following the dark web for months, tor drug darknet market specifically in marketplaces like AlphaBay. After the fallout in early July, Wilson said former moderators and well-known users were left in confusion.

After AlphaBay’s shutdown, its users flocked to Hansa, increasing the dark darknet market‘s traffic in eightfold, Wainwright said. Dutch police took over Hansa last month and have been collecting thousands of user’s information in an undercover operation.

Wainwright said officers are tracking down Hansa buyers and sellers through their usernames and passwords.

But that’s just one chapter in the fight against illegal online transactions. Just as AlphaBay rose and became 10 times larger than , FBI deputy director Andrew McCabe predicts there will be another dark web darknet market to fill the void.

“There are some criminals that think of cybercrime as a freebie,” McCabe said. “They think they will get away with it because there are too many players and too many countries, they think they will get away with it because the schemes are too complex and because they operate in the shadows.”

: Check out a sample of the stories in CNET’s newsstand edition.

: A crowdsourced science fiction novel written by CNET readers.

The post The largest dark web market for illegal goods is no more appeared first on The News Max.

]]>
The history of hacking ransoms and cryptocurrency https://www.thenewsmax.co/the-history-of-hacking-ransoms-and-cryptocurrency-4/ Sat, 06 Jan 2024 00:04:17 +0000 https://www.thenewsmax.co/?p=26003 id=”article-body” class=”row” section=”article-body” data-component=”trackCWV”> Earlier this month, hundreds of companies from the US to Sweden were entangled in the , a company that offers network infrastructure to businesses around the world. The Kaseya hack comes on the heels of other headline-grabbing cyberattacks like the  and the . In each instance, criminals had the opportunity to make off with [...]

The post The history of hacking ransoms and cryptocurrency appeared first on The News Max.

]]>
id=”article-body” class=”row” section=”article-body” data-component=”trackCWV”>

Earlier this month, hundreds of companies from the US to Sweden were entangled in the , a company that offers network infrastructure to businesses around the world.

The Kaseya hack comes on the heels of other headline-grabbing cyberattacks like the  and the . In each instance, criminals had the opportunity to make off with millions — and much of the ransoms were paid in Bitcoin.

“We have to remember the primary reason for creating Bitcoin in the first place was to provide anonymity and secure, trustless and borderless transaction capabilities,” says Keatron Evansprincipal security researcher at .

As Bitcoin grows more prominent in best darknet markets around the world, dark darknet market url cybercrooks have found a vital tool to help them move illegal assets quickly and pseudonymously. And by all accounts, darknet markets onion the attacks are only becoming more common. 

Ransomware on the rise

Ransomware is a cybercrime that involves ransoming personal and business data back to the owner of that data. 

First, a criminal hacks into a private network. The hack is accomplished through various tactics, including phishing, social engineering and preying upon users’ weak passwords.

Once network access is gained, the criminal locks important files within the network using encryption. The owner can’t access the files unless they pay a ransom. Nowadays, cybercriminals tend to request their ransoms in cryptocurrencies.

The FBI  ransomware attacks accounted for at least $144.35 million in Bitcoin ransoms from 2013 to 2019. 

These attacks are scalable and can be highly targeted or broad, ensnaring anyone who happens to click a link or install a particular software program. 

This allows a small team of cybercrooks to ransom data back to organizations of all sizes — and the tools needed to hack into a small business or multinational cooperation are largely the same. 

Private citizens, businesses, and state and national governments have all fallen victim — and many decided to pay ransoms.

Today’s business world depends on computer networks to keep track of administrative and financial data. When that data disappears, it can be impossible for the organization to function properly. This provides a large incentive to pay up. 

Although victims of ransomware attacks are encouraged to report the crime to federal authorities, there’s no US law that says you have to report attacks (). Given this, there’s little authoritative data about the number of attacks or ransom payments. 

However, a recent study from Threatpost  only 20% of victims pay up. Whatever the actual number is, the FBI  against paying ransoms because there’s no guarantee that you’ll get the data back, and paying ransoms creates further incentive for ransomware attacks. 

Why do hackers like cryptocurrency?

Cryptocurrency provides a helpful ransom tool for cybercrooks. Rather than being an aberration or misuse, the ability to make anonymous (or pseudonymous) transfers is a  of cryptocurrency. 

“Bitcoin can be acquired fairly easily. It’s decentralized and readily 

available in almost any country,” says Koen Maris, a cybersecurity expert and advisory board member at IOTA Foundation.

Different cryptocurrencies feature different levels of anonymity. Some cryptocurrencies, like Monero and Zcash, specialize in confidentiality and may even provide a higher level of security than Bitcoin for cybercriminals. 

That’s because Bitcoin isn’t truly anonymous — it’s pseudonymous. Through careful detective work and analysis, it appears possible to trace and recoup Bitcoin used for ransoms, as the FBI  after the Colonial Pipeline hack. So Bitcoin isn’t necessarily used by ransomers simply because of security features. Bitcoin transfers are also fast, irreversible and easily verifiable. Once a ransomware victim has agreed to pay, the criminal can watch the transfer go through on the public blockchain. 

After the ransom is sent, it’s usually gone forever. Then crooks can either exchange the Bitcoin for another currency — crypto or fiat — or transfer the Bitcoin to another wallet for safekeeping. 

While it’s not clear exactly when or how Bitcoin became associated with ransomware, hackers, cybercrooks, and crypto-enthusiasts are all computer-savvy subcultures with a natural affinity for new tech, and Bitcoin was adopted for illicit activities online soon after its creation. One of Bitcoin’s first popular uses was currency for transactions on the dark web. The  was among the early marketplaces that accepted Bitcoin.

Financial impact

Ransomware is big business. Cybercriminals made off just under $350 million worth of cryptocurrency in ransomware attacks last year, . That’s an increase of over 300% in the amount of ransom payments from the year before. 

The COVID-19 pandemic set the stage for a surge in ransomware attacks. With vast tracts of the global workforce moving out of well-fortified corporate IT environments into home offices, cybercriminals had more surface area to attack than ever.

According to , the organizational changes needed to accommodate remote work opened up more businesses for cybercrime exploits, with Coalition’s policyholders reporting a 35% increase in funds transfer fraud and social engineering claims since the beginning of the pandemic.

It’s not just the number of attacks that is increasing, but the stakes, too. A  from Palo Alto Networks estimates that the average ransom paid in 2020 was over $300,000 — a year-over-year increase of more than 170%.

When an organization falls prey to cybercrime, the ransom is only one component of the financial cost. There are also remediation expenses — including lost orders, business downtime, consulting fees, and other unplanned expenses. 

The  report from Sophos found that the total cost of remediating a ransomware attack for a business averaged $1.85 million in 2021, up from $761,000 in 2020. 

Many companies now buy cyber insurance for financial protection. But as ransomware insurance claims increase, the insurance industry is also dealing with the fallout.

Globally, the price of cyber insurance has , according to a new report from Howden, an international insurance broker. The increase is likely due to the growing cost these attacks cause for insurance providers. 

A cyber insurance policy generally covers a business’s liability from a data breach, such as expenses (i.e., ransom payments) and darknet market sites legal fees. Some policies may also help with contacting the businesses customers who were affected by the breach and repairing damaged computer systems. 

Cyber insurance payouts now account for  of all premiums collected, which is the break-even point for the providers. 

“We noticed cyber insurers are paying ransom on behalf of their customers. That looks like a bad idea to me, as it will only lead to more ransom attacks,” says Maris. “Having said that, I fully understand the argument: the company either pays or it goes out of business. Only time will tell whether investing in ransom payments rather than in appropriate cybersecurity is a viable survival strategy.”

Early adopters

The AIDS Trojan, or PC Cyborg Trojan, is the first known ransomware attack. 

The attack began in 1989 when an AIDS researcher distributed thousands of copies of a floppy disk containing malware. When people used the floppy disk, it encrypted the computer’s files with a message that demanded a payment sent to a PO Box in Panama. 

Bitcoin wouldn’t come along until almost two decades later. 

In 2009, Bitcoin’s mysterious founder, Satoshi Nakamoto, created the blockchain network by mining the first block in the chain — the genesis block. 

Bitcoin was quickly adopted as the go-to currency for the dark web market web. While it’s unclear exactly when Bitcoin became popular in ransomware attacks, the 2013 CryptoLocker attack definitely put Bitcoin in the spotlight. 

CryptoLocker infected more than 250,000 computers over a few months. The criminals made off with about $3 million in Bitcoin and pre-paid vouchers. It took an internationally coordinated operation to take the ransomware offline in 2014.

Since then, dark web market list Bitcoin has moved closer to the mainstream, and ransomware attacks have become much easier to carry out.

Early ransomware attackers generally had to develop malware programs themselves. Nowadays, ransomware can be bought as a service, just like other software. 

Ransomware-as-a-service allows criminals with little technical know-how to “rent” ransomware from a provider, which can be quickly employed against victims. Then if the job succeeds, the ransomware provider gets a cut. 

Future legislation

In light of the recent high-profile ransomware attacks, calls for new legislation are growing louder in Washington.

President Joe Biden issued an  in May “on improving the nation’s cybersecurity.” The order is geared toward strengthening the federal government’s response to cybercrime, and it looks like more legislation is on the way.

The  was recently introduced by a bipartisan group of senators. The bill aims to ramp up penalties for cyberattacks that impact critical infrastructure, so the Justice Department would have an easier time charging criminals in foreign countries under the new act.

States are also taking their own stands against cybercrime:  have proposed legislation to outlaw ransomware payments. North Carolina, Pennsylvania, and Texas are all considering new laws that would outlaw taxpayer money from being used in ransom payments. New York’s law goes a step further and could outright ban private businesses from paying cybercrime ransoms. 

“I think the concept of what cryptocurrency is and how it works is something that most legislative bodies worldwide struggle with understanding,” says Evans. “It’s difficult to legislate what we don’t really understand.”

The post The history of hacking ransoms and cryptocurrency appeared first on The News Max.

]]>
Crypto money laundering rises 30% in 2021 -Chainalysis https://www.thenewsmax.co/crypto-money-laundering-rises-30-in-2021-chainalysis-3/ Fri, 05 Jan 2024 21:04:07 +0000 https://www.thenewsmax.co/?p=25878 By Gertrude Chavez-Dreyfuss NEW YORK, Jan 26 (Reuters) – Cybercriminals laundered $8.6 billion in cryptocurrencies last year, dark market onion up 30% from 2020, according to a report from blockchain analysis firm Chainalysis released on Wednesday. Overall, cybercriminals have laundered more than $33 billion worth of crypto since 2017, Chainalysis estimated, with most of the [...]

The post Crypto money laundering rises 30% in 2021 -Chainalysis appeared first on The News Max.

]]>
By Gertrude Chavez-Dreyfuss

NEW YORK, Jan 26 (Reuters) – Cybercriminals laundered $8.6 billion in cryptocurrencies last year, dark market onion up 30% from 2020, according to a report from blockchain analysis firm Chainalysis released on Wednesday.

Overall, cybercriminals have laundered more than $33 billion worth of crypto since 2017, Chainalysis estimated, with most of the total over time moving to centralized exchanges.

The firm said the sharp rise in money laundering activity in 2021 was not surprising, given the significant growth of both legitimate and illegal crypto activity last year.

Money laundering refers to that process of disguising the origin of illegally obtained money by transferring it to legitimate businesses.

About 17% of the $8.6 billion laundered went to decentralized finance applications, darknet magazine Chainalysis said, referring to the sector which facilitates crypto-denominated financial transactions outside of traditional banks.

That was up from 2% in 2020.

Mining pools, dark market link high-risk exchanges, and mixers also saw substantial increases in value received from illicit addresses, darkmarket darknet markets 2024 the report said.

Mixers typically combine potentially identifiable or tainted cryptocurrency funds with others, so as to conceal the trail to the fund’s original source.

Wallet addresses associated with theft sent just under half of their stolen funds, or more than $750 million worth of crypto in total, dark web sites darknet market link to decentralized finance platforms, according to the Chainalysis report.

Chainalysis also clarified that the $8.6 billion laundered last year represents funds derived from crypto-native crime such as darknet market sales or ransomware attacks in which profits are in crypto instead of fiat currencies.

“It’s more difficult to measure how much fiat currency derived from off-line crime – traditional drug trafficking, for example – is converted into cryptocurrency to be laundered,” Chainalysis said in the report.

“However, we know anecdotally this is happening.” (Reporting by Gertrude Chavez-Dreyfuss; Editing by Himani Sarkar)

The post Crypto money laundering rises 30% in 2021 -Chainalysis appeared first on The News Max.

]]>