Collective Intelligence Podcast, Underground Markets
By Mike Mimoso
Underground markets continue to thrive across the internet. This is in spite of successful law enforcement action against a number of entities peddling anything from malware to drugs, as well as other markets’ self-imposed shutdowns due to economic pressures within the underground.
Flashpoint Software Engineer Max Aliapoulios and Director of Intelligence, Americas, Ian Gray spend a good amount of time researching this ecosystem and understanding shifts as external and internal pressure force changes upon the underground economy.
In this episode of the Collective Intelligence Podcast, Max and Ian discuss what they characterize as a “tumultuous” environment, and how buyers, sellers, and researchers react when these markets change.
“It’s been interesting in a lot of ways to monitor, especially recently,” Gray said. “There’s an ecosystem, and there are certain factors of economics that come into play when you look at these marketplaces; the power of the buyers, of the sellers, of new entrants to marketplaces, whether they be a new vendors or new markets altogether. You also find something else that is different, which is trust which is more difficult to build up over time.”
Successful takedowns of certain markets definitely cause some unrest and nudged threat actors onto new platforms such as encrypted chat services, for example. These platforms are often a secondary venue for private discussions or showcasing of wares, to transaction finalization.
The Collective Intelligence Podcast, presented by Flashpoint and hosted by Editorial Director Mike Mimoso, features regular interviews with a diverse set of industry experts and Flashpoint analysts on the latest information security news and industry trends.