Many companies only realise that their customer’s data is breached when they receive a notification that the data appeared on the dark web – a particularly elusive and shady part of the internet. But what is it, and why does it matter so much? This Verizon article provides answers.
The dark web emerged in the 1990’s from a US research project. Its goal was to exchange anonymous information across the internet
The dark web is a specific section of the unindexed part of the internet that is difficult to access without the proper tools.
With your regular browser, you won’t be able to access it. Instead, you’ll need a special browser
Cyber criminals often use the dark web as a platform to organise themselves, and buy and sell illicit products and services. For instance, stolen credit card information, user login credentials, ransomware-as-a-service, or previously unknown vulnerabilities (“zero days”)
Why does this matter for cybersecurity and businesses?
Many companies have found customer data on the dark web
As a result, monitoring the dark web can help identify and detect breaches and cyberattacks
Companies in the cybersecurity space offer services that monitor activity in the dark web and provide that as intelligence to clients
Cyberattacks can sink a company’s share price. But not all companies lose significant market value. Are market losses in the wake of cyberattack disclosures coincidental or correlated – and are these losses long-lasting? This academic paper provides a perspective.
Bitcoin has become the currency of choice in the cyber-crime industry. It seems as if cryptocurrencies are fueling the ransomware pandemic. In 2020, companies paid more than $400m worth of Bitcoin in ransom to get back access to their data.
By Manuel Hepfer