Cyber Risks · Krebs on Security

Bidding for Breaches, Redefining Targeted Attacks

Summary: A Krebs on Security report describes Enigma, a vetted cybercrime forum that operated openly on the Web until recently as a bid-and-ask marketplace where members posted requests for data or access to named corporate targets, including HSBC UK, Citibank, Air Berlin and Bank of America. Noam Jolles of Diskin Advanced Technologies, whose staff are former Shin Bet members, said the forum also carried bids for insiders, listing people who might be recruited or extorted, and that much of the demand was for spear-phishing services.

What's compelling: The forum turned targeted attacks into a priced, on-demand service, with buyers paying immediately and without haggling for verified stolen databases - a pattern Jolles attributes to a mass purchaser known as "The Samurai," believed by traders to be Chinese and government-linked.

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Topics
Data Breaches
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