Russian cybercrime underground forum selling stolen credit card credentials to registered members
The stolen Internet credentials reportedly stolen by the cybercrime ring are expected to end up in the Russian underground market, which has been running on a supply-and-demand economic model for years now.
Stolen Internet credentials are typically peddled in Russian underground forums where cybercriminals exchange information and malicious wares using the same trading principles as legitimate exchanges. The number of these forums has been growing each year, with the most popular ones such as verified.su and ploy.org having 20,000 to several hundreds of unique members.
“The Russian shadow economy is an economy of scale, one that is service-oriented and that has become a kleptocracy wherein crony capitalism has obtained a new lease on life in cyberspace,” says Trend Micro forward-looking threat researcher Max Goncharov. The amount of credentials put up for sale or used for other causes can be a source of power for the underground cybercrime ring.
MORE: A summary of the Russian cybercriminal underground
Trend Micro researchers continue to look into the facts of this case. Meanwhile, it is reasonable for companies and Internet consumers to exercise caution given the probable impact this can have to your daily Internet usage or operations.
What Can You Do
Here are a few basic Internet security practices that are doable in a few minutes but can go a long way:
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