Jeff Sessions made investors want to throw money at dark net intelligence firms

When U.S. Attorney General Jeff Sessions stepped in front of cameras and told the world about the international law enforcement operation that resulted in the bust of at least two multimillion-dollar dark net markets, investors’ ears perked up. OWL Cybersecurity is a two-year old Denver-based dark net intelligence firm currently closing a funding round. In the one week since Sessions and other federal law enforcement officials announced the AlphaBay dark net bust, OWL vice president Andrew Lewman says he has received a mountain of phone calls from potential investors. “Regardless of your politics, when Jeff Sessions stands up and says ‘the dark net is a concern, that gets a lot of attention,” Lewman said. “In the past two weeks, we’ve had all these people we’ve talked to in the past saying they didn’t understand it, didn’t know what it was come at us and say, ‘About that investment, are you still taking offers?’” […]

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Monero cryptocurrency doubled in price in March and is being used more widely on dark net markets

Monero, a cryptocurrency designed for anonymity and security, doubled in price over the last month to around $23 while other digital currencies, including bitcoin, saw a mixed month. One reason for Monero’s recent success: Cybercriminals intrigued by the currency’s promises of greater anonymity are using it more often on black markets. Several prominent vendors dealing in malware and other illicit products told CyberScoop they saw a slow but noticeable rise in Monero’s use over the last month. Amid a wave of interest in privacy-focused cryptocurrency technology, Monero was created by a psuedononymous hacker in 2014 as scams swallowed early attempts to develop anonymous coins. By the time it appeared on the scene, bitcoin was already widely used on dark net markets and was being closely watched by law enforcement. The creator faded away quickly while Monero itself has stuck around and, in 2016,  grew 2,760 percent in price. The early 2017 growth builds on that. Here’s […]

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Hacked ICANN data still sells for hundreds of dollars years after the breach

Stolen data has no expiration date. Three years after hackers used a spearphishing attack to successfully gain access to internal data at the Internet Corporation for Assigned Names and Numbers (ICANN), the data is still being passed around and sold on black markets for $300, complete with claims that it’s never been leaked before. The 2014 […]

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