I have been publishing for the last 2-3 months a number of leaks happening around the globe. From Ticketmaster up to a hotel chain compromising 130 million guest records. However, up to this point, you may be asking yourself, what do they do with that information? Why would somebody want 130 million private records?
Well, it is well known that information is money, isn’t? The firm Tripwire published a report back on October 5 that you can easily buy a hacked business account for little as $150. This indicates an increase in BEC (Business Email Compromise) attacks, something that can be found as a type of Phishing or Spear Phishing attacks.
When this information is available on the Internet, they start closing the circle. Here is the process:
- Data is leaked
- Data is sold
- The end user is forced to pay a ransom and/or lose money through deceiving invoicing methods.
- Start again from the beginning.
As you can see money is transferred in steps 2 and 3. This means that there are a number of organizations and/or individuals closing the circle using that data for their own benefit.
You may start asking yourself, where this type of data is sold? well, as previously published, the dark web is a place you may want to be far away from. Well, unless you are looking for trouble.
Be safe out there, until next Malware Monday.