Hackers' Bazaar: The Markets for Cybercrime Tools and Stolen Data

Malicious hackers and cyberattacks are getting more attention these days -- a result of both an uptick in the number amount of attacks as well as of increased public attention and fascination. 2014 was the year the hack went viral. Notable data breaches included those at retail giants Target and Hom...

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Bibliographic Details
Published in:Defense counsel journal 2015-04, Vol.82 (2), p.143-152
Main Authors: Ablon, Lillian, Libicki, Martin
Format: Article
Language:English
Subjects:
Black market
Black markets
Computer crimes
Cybercrime
Electronic commerce
Evaluation
Financial institutions
Floods
Hackers
Intellectual property
Law enforcement
Malware
Online tutorials
Reputations
Retailing industry
Virtual private networks
Websites
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Summary:Malicious hackers and cyberattacks are getting more attention these days -- a result of both an uptick in the number amount of attacks as well as of increased public attention and fascination. 2014 was the year the hack went viral. Notable data breaches included those at retail giants Target and Home Depot, health-care provider Community Health Systems, financial institution JP Morgan Chase, and entertainment giant Sony. For the retail sector in particular, the stolen data from these hacks appeared within days on black market sites. These cyber black markets offer the computer-hacking tools and services to enable and carry out cybercrime attacks, as well as the byproducts from those attacks -- the stolen credit cards, personally identifiable information, and intellectual property. Today, malicious hackers have the upper hand. The maturation of cybercrime markets threatens individuals, businesses, law-enforcement agencies, national governments, and military services around the world. The deleterious effects on cybersecurity suggest the need for coordinated efforts across the private and public sectors, nationally and internationally, to suppress black-market activity.
ISSN:0895-0016
2376-3906
DOI:10.12690/0161-8202-82.2.143