China’s Cybercriminals Profit From Underground Data Monetization


data Dave breach

Cybercriminals are using big data technology to make money from data obtained on the Chinese-language underground. Quelle surprise.

An analysis of open source information and data drawn from a variety of closed forums showed a cycle that included multiple layers of cybercriminals, the use of insider information and unwitting victims, according to researchers at Intel 471. That sounds a lot like the elements of a typical financial scheme – but with a big twist. Or at least a boost from China’s quest to be at the center of big data analytics, “especially as it pushes to become synonymous with new technology sectors like the Internet of Things (IoT),” the researchers wrote in a blog post.

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