Big data, big payoff for China's cybercrime underground. [Research Saturday]

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Technology, Daily News, News, Tech News

4.8 • 1.1K Ratings

🗓️ 29 May 2021

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Guest Brandon Hoffman of Intel 471 joins Dave Bittner to share his team's research "How China’s cybercrime underground is making money off big data". Through Intel 471’s observation and analysis of open source information and behavior on multiple closed forums, they found actors adopting the use of legitimate big data technology for cybercrime and monetizing the data they obtain on the Chinese-language underground. The behavior Intel 471 analyzed points to a cycle that involves several different layers of cybercriminals, the use of insider information, and unwitting victims in order to earn ill-gotten gains. The schemes themselves proliferate partly due to China’s desire to be a global epicenter in big data analytics, especially as it pushes to become synonymous with new technology sectors like the Internet of Things (IoT). With China injecting big data into every economic sector, the environment has become ripe for criminals to create and execute schemes that hide in the noise brought on by the amount of data at hand. The research can be found here: How China’s cybercrime underground is making money off big data Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to the CyberWire Network, powered by N2K.
0:07.0	Today's episode is sponsored by SRM, your first call for cybersecurity and
0:18.1	investigations. Threats today are evolving faster than ever before and since 2005 SRM has pioneered
0:25.3	tailored security solutions for global corporations and their executives.
0:29.5	Whether it's defending against cyber attacks with their award-winning team of ethical hackers and incident response specialists,
0:36.4	or navigating the murky waters of compliance and ESG challenges,
0:40.9	SRMs, Insight and Straight straightforward advice will help you navigate complex risks
0:46.4	and emerge more resilient.
0:48.4	Their secret, a culture that nurtures the sharpest minds, giving them access to the newest technologies and the freedom
0:55.3	to solve problems in new ways, enabling them to craft simple effective solutions for your
1:01.4	unique cyber challenges.
1:03.7	Search your first call to discover how SRM can help your business. Hello everyone and welcome to the CyberWire's Research Saturday.
1:26.7	I'm Dave Bitner and this is our weekly conversation with researchers and analysts tracking
1:31.6	down threats and vulnerabilities, solving some of the hard problems
1:35.2	of protecting ourselves in a rapidly evolving cyberspace.
1:39.0	Thanks for joining us. What prompted the creation of this report is that the popularity of specific tools or services in the cyber criminal underground,
1:55.3	when they gain a certain amount of popularity, we think it becomes important to
2:00.4	share and this one is particularly interesting because it you know was used by
2:06.1	so many different types of tactics and techniques you know we thought it was interesting
2:11.7	that's Brandon Hoffman.
2:14.0	He's chief information security officer at Intel 471.
2:18.0	The research we're discussing today is titled Edder Silent,
	...

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