Second Generation Online Illicit Markets: The Role Of Canadians And The State Of Hacking Services

First generation online illicit markets were launched in the 1990s and 2000s and were hosted on online discussion forums, newsgroups and Internet Relay Chat (IRC) chatrooms. They offered mainly stolen financial information and hacking services. Over the past five years, second generation online illicit markets – known as cryptomarkets – have appeared and provide their participants with a much higher level of operational security. This increased security is due to the use of anonymous connections using the Onion Router (Tor), anonymous payments through the use of virtual currencies like bitcoins and lower victimization rates through the use of escrow payments and automated feedback systems. Cryptomarkets are used to offer many illicit products but focus mainly on drugs and hacking services. The aim of this presentation will be to describe the current state of cryptomarkets, particularly those where Canadians are present as vendors. The market share of Canadian vendors will be analyzed as well as the type of products they offer. This presentation will also adopt a more global point of view to analyze the hacking services that are offered on cryptomarkets. These online platforms are more and more used to sell malware and Trojans and provide a better level of security for the participants that use them.

This content has been updated on 8 August 2016 at 17 h 51 min.