Cracking down on the dark web trade
July 21, 2017
Two big players in the dark web have just been shut down as reported by the BBC.
The two sites – AlphaBay and Hansa – have been associated with trading illicit items including drugs, weapons, and stolen data leaving millions at risk of fraud.
What is the dark web?
The Dark Web (which can also be referred to as “The Deep Web” or “The Invisible Web”) makes up at least 85% of the internet, with some sources stating that traditional search engines only see 0.03% of the entire web.
Originally launched by the US Naval Research Laboratory in 2003, The Dark Web was created with intentions to use it for secret services, law enforcement, and to train political dissidents in countries with oppressive governments. Additionally, journalists in heavily censored countries could use it to communicate and exchange information.
The Dark Web requires specific software, configurations, or authorisation to access in order to ensure complete anonymity, and transactions are made using untraceable currencies such as bitcoin.
The Dangers of the Dark Web
Despite its original purpose, The Dark Web is mostly used for illicit trade including buying and selling Fake IDs and visas, stolen credit cards, weapons, drugs, child pornography, and even the services of hit men, all with hidden IP addresses of both hosting sites, and visitors e.g. Silk Road.
Cybercriminals are willing to pay good money for stolen data, making the Dark Web a huge target for illegal activity and giving people easy access to commit ID and credit card fraud through the untraceable internet.
Our solution, Fraud Web, enables you to see whether your customers’ data is for sale on The Dark Web, and which data is at risk. This means that you can identify whether a criminal could potentially access your customer’s data and know if your customer has fallen victim to ID fraud.
With Fraud Web, you will receive high, medium, and low risk alerts surrounding the likelihood of ID theft so that you can quickly and efficiently identify fraud and alert your customers.
The average cost of a single stolen data record for any business is $154.
Can you afford the risk?