Examining The Crypto Dark Web And Cyber Underground
The “Cyber Underground” is an organized marketplace for money mule networks, malware exploit development and ransomware.
In this episode, Ian Andrews speaks to Michael DeBolt, Chief Intelligence Officer of Intel 471, as he updates listeners about the cybercriminal underworld and the role of threat intelligence in combating cyber threats.
Michael explains with the increased activity of ransomware actors and other cyber attacks, cryptocurrency has become the de facto means of payment.
The discussion emph...
Examining The Crypto Dark Web And Cyber Underground
The “Cyber Underground” is an organized marketplace for money mule networks, malware exploit development and ransomware.
In this episode, Ian Andrews speaks to Michael DeBolt, Chief Intelligence Officer of Intel 471, as he updates listeners about the cybercriminal underworld and the role of threat intelligence in combating cyber threats.
Michael explains with the increased activity of ransomware actors and other cyber attacks, cryptocurrency has become the de facto means of payment.
The discussion emphasizes the importance of collaboration between the public and private sectors in disrupting cybercriminal networks and the emerging risks associated with ransomware and third-party vendors.
Minute-by-minute episode breakdown
- (2:03) - Overview of Intel471 and their role in tracking cyber threat actors
- (6:18) - The concept of the dark web and the cyber underground
- (10:20) - Examples of cybercrime activities and their varying levels of sophistication
- (15:06) - Collaboration between public and private sectors is crucial for defense of cyber attacks
- (18:25) - What does a takedown of a darknet marketplaces consist of?
- (22:02) - Threat actors using instant messaging platforms for peer-to-peer trades
- (25:43) - Diverse team with technical and linguistic expertise tracks cybercrime
- (29:37) - No major decline in cybercriminal activity due to global events
- (31:22) - Emerging cyber attack and third-party vendor risks
Related resources
Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.
- Website: Intel471: Fight Cyber Threats. And win.
- Research: Cyber Underground Handbook: Intel 471 General Intelligence Requirements (GIR) Framework (Download Now)
- Report: The 471 Cyber Threat Report 2023-24
- Workshop: A Free Hands-On Workshop with Intel 471: Building an Intelligence Plan
- Blog: Insights from CLOP's MOVEit Extortion Attack
- Blog: How Gray Market Cryptocurrency Exchanges Fuel Cybercrime
- Blog: The U.S. and U.K. Sanction 11 Members of Russia-based Ransomware Group Trickbot
- Blog: The 2023 Global Crypto Adoption Index: Central & Southern Asia Are Leading the Way in Grassroots Crypto Adoption (Reserve Your Copy Now)
- YouTube: Chainalysis YouTube page
- Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain
- Tik Tok: Building trust in #blockchains among people, businesses, and governments.
- Telegram: Chainalysis on Telegram
Speakers on today’s episode
- Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)
- Michael DeBolt (Chief Intelligence Officer, Intel 471)
This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.
Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.
Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.
Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.
View more
