However, these illicit markets typically had a high barrier to entry and were generally only accessible to other hackers. In some cases, they’re marketing this data specifically to their victims’ competitors.Į-commerce marketplaces for stolen data have been around at least as long as the darknet itself.
Instead of publicly leaking sensitive data, hackers are now looking for opportunities to sell stolen data to private parties. But as ransomware evolves we’ve seen a a new development in the cybercrime industry that takes this approach even further. In a double-extortion attack merely paying the ransom doesn’t guarantee that hackers won’t publicly leak stolen data, especially if they know it is sensitive in nature. Other groups have begun leaning on double-extortion tactics, where ransomware encryption still plays a role but it is only one part of a two-pronged attack. A trend that the Babuk criminal gang started back in April 2021. In fact, some cybercrime groups have publicly declared that they no longer conduct encryption-based ransomware attacks at all. In this blog we take a look at this new service and discuss how it is changing the way cybercriminals do business.Īmong cybercriminals, data-theft extortion has surged in popularity over the past few years and it continues to gain momentum as organizations deploy more effective defenses against ransomware encryption. Industrial Spy is the new marketplace where you can obtain the trade secrets of your competitors for millions of dollars or as little as two dollars.
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