Chinese threat actors extract big data and sell it on the dark web
Researchers on Monday reported that cybercriminals are taking advantage of China’s push to become a leader in big data by extracting legitimate big data sources and selling the stolen data on the Chinese-language dark web. The stolen data ranges from lottery and stock data to commercial databases of Canadian and U.S. businesses.
In a blog posted by Intel 471, researchers said the scheme involves several different layers of cybercriminals, including hackers and middlemen, the use of insider information, and unwitting victims that result in some serious data exposures.
Organizations that previously defined their risk of being targeted as low because they didn’t think they had anything an attacker values should continuously re-evaluate their risk to incorporate developments in the attack landscape, said Jeff Barker, vice president of product marketing at Illusive.
