Report

Cryptocurrency Gold Rush on the Dark Web

A decade ago, names such as Bitcoin, Dash, Etherem, and Monero were merely buzzwords. Fast forward to today, and they’ve become as recognizable as the U.S. dollar and the Euro. In many realms, these digital currencies are ushering in a new era of investing – a modern gold rush, albeit in digital form.

As was the case during the physical gold rush in the mid-1800s, there are criminals looking to exploit innocent parties of their earnings. Carbon Black has found that modern-day cybercriminals are increasingly using the dark web to facilitate cryptocurrency theft on a large scale.

During the past six months, VMware Carbon Black looked into the dark web to determine how cryptocurrency malware is being bought and sold, fostering a burgeoning economy designed to pilfer some of the most popular cryptocurrencies on the market.