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How cybercriminals are ‘protecting’ themselves on dark web – Times of India

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Kaspersky‘s latest research highlights the prevalence of escrow services in darknet deals, which serves as a reminder of the need for robust security measures to protect against potential scams and data breaches. Cybercriminals are increasingly using escrow services to reduce the risk of being caught while trading on the darknet, which could be a risk to users.
Escrow agents act as intermediaries and earn a percentage of the transaction, partnering with cybercriminals to sell or buy data or services. While they can help control the fulfilment of agreements, the deal can still fail due to escrow scams.
To ensure their security, cybercriminals use intermediary services when closing transactions, such as buying databases or initial corporate accesses. They may engage a human intermediary for more expensive or unusual cases.
According to the Kaspersky Digital Footprint Intelligence team, the use of escrow services in darknet deals has surged in the past two years, accounting for 14% of the total deal-related messages.
Cybercriminals increasingly rely on these services to buy databases, accounts, initial corporate access, and other typical deals. However, scams and data breaches can still occur even with an intermediary in place. For instance, a recent Kaspersky report found an official escrow agent on two shadow forums failed to pay a total of US$170,000 in four deals.
To protect against such corporate threats, Kaspersky recommends keeping all software updated on all devices to prevent attackers from exploiting vulnerabilities. It also suggests using the latest threat intelligence information to stay aware of actual tactics, techniques, and procedures used by threat actors, as well as Kaspersky Digital Footprint Intelligence to monitor cybercriminal activities and adjust defences accordingly. In the event of an incident, the Kaspersky Incident Response service can help minimise the consequences and protect the infrastructure from similar attacks in the future.
The dark web community is becoming more complex and structured, with self-regulation systems emerging as it grows. Businesses need to understand how cybercriminals operate, how they interact with each other, what kinds of deals they make, and how they carry them out. Partnering with reputable cybersecurity companies and monitoring dark web activity is vital to better protecting company assets and minimising the risk of cyberattacks.
As cybercriminals become more sophisticated in their tactics and cybercrime continues to be a growing concern in the Asia Pacific region, businesses in the area must stay vigilant and proactive in protecting their assets.

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