What's Hot on Dark Web Marketplaces? 'Fraud Guides'

guest · Apr 18, 2020

What's Hot on Dark Net Forums? 'Fraud Guides'
Terbium Labs Report Analyzes the Latest Offerings
April 18, 2020
https://www.bankinfosecurity.com/whats-hot-on-dark-net-forums-fraud-guides-a-14142

"Fraud guides" designed to assist cybercriminals in carrying out schemes that leverage stolen financial or personal data are the most common offerings on three prominent dark net marketplaces, according to security firm Terbium Labs.

When Terbium Labs analysts examined three dark net forums that offer stolen financial and personal data, as well as other cybercriminal services, for sale, they found that that these "how-to" fraud guides accounted for about 49 percent of all listings.
The forums examined were Canadian HeadQuarters, Empire Market and White House Market, according to Terbium Lab's the new research report.
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'How To' Guides
Fraud guides are written for specific purposes, such as how to use stolen credentials to open up a phony account at a bank or another financial institution. Others are dedicated to data theft, system takeover, account compromise, phishing attacks and business email compromise schemes, according to the report.

The average costs of these guides is $3.88, with a bundle of guides selling for about $12.

"If, for example, you have access to a set of bank drop credential data, you might buy up some guides that discuss how to safely monetize that data," he says. "In a similar vein, sometimes the sellers of such data will offer accompanying guides for free, or at reduced prices."
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Terbium Labs: Fraud Guides Top List of Most Frequently Sold Type of Data on Major Dark Web Marketplaces

According to the findings, fraud guides – listings claiming to sell guides and processes – were the most frequently sold category of data (49%), followed by personal data (15.6%), nonfinancial accounts and credentials (12.2%), financial accounts and credentials (8.2%), fraud tools and templates (8%) and payment cards (7%).

“We routinely see stolen data for sale on these markets for surprisingly low prices, considering how expensive the consequences of stolen data can be to an organization,” said Tyler Carbone, Chief Strategy Officer of Terbium Labs.
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What's Hot on Dark Web Marketplaces? 'Fraud Guides'

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