In an unsettling situation, cybercriminals are increasingly turning to credential theft as a lucrative business, aided by the rise of infostealer malware attacks. Over the past three years, these threat actors have capitalised on the opportunity, compromising millions of personal and corporate devices globally.
The Rise of Infostealer Malware
According to cybersecurity experts at Kaspersky, infostealer malware attacks have surged sevenfold in recent years, with over 10 million devices compromised in 2022 alone. These sophisticated attacks enable hackers to silently collect login credentials and sensitive data from devices, posing a significant cybersecurity threat.
The Lucrative Market for Stolen Credentials
The value of corporate credentials in the cybercrime market has soared, leading to a 643% increase in data theft attacks. Cybercriminals act as initial access brokers, stealing corporate credentials and selling them on dark web forums for substantial profits. Kaspersky researchers highlight various sales models, with prices starting at $10 per log file.
Emerging Dark Web Hubs
Darknet markets have become key enablers of cybercrime, facilitating the sale of stolen credentials and victim profiles to cybercriminal groups. Following the takedown of Genesis Market, new hubs like Kraken Market and DNM Aggregator have emerged, offering seamless payment options via crypto processors.
Regional Impact[…]
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