Score one for the good guys.
CNN has reported that the FBI and international partners seized control of the popular hacking forum RaidForum. At the time of the seizure, the forum had over 500k registered members, and was known for advertising hacked American data. Law enforcement agencies in the US, UK, Sweden and elsewhere were involved in the seizure.
Chris Olson, CEO, The Media Trust had this to say:
“The seizure of RaidForum is a great example of what can happen when law enforcement agencies cooperate in the global fight against cybercrime. Unfortunately, it’s not likely to have a significant impact on cybercrime, as users of RaidForum – and any “surface web” hacking boards – are not major players, and many will simply migrate elsewhere.”
“The modern Web is effectively a borderless entity, which makes cybercrime exceedingly difficult to fight. By 2025, the yearly cost for consumers and organizations is expected to reach $10.5 trillion. In the meantime, we need to take better control of our digital borders – until we do, cyber actors will continue to target consumers through Web and mobile endpoints.”
Hopefully we see more takedowns like this. Because everytime the good guys do this, it becomes less and less comfortable for threat actors to exist.
UPDATE: I have two more comments. The first is from Peter Stelzhammer, Co-founder, AV-Comparatives:
“By shutting down this forum a great source for black hats has gone. Nevertheless, there is a massive number of other sources, so stay safe on the internet and use IT security systems and backup.”
“Investigators had been preparing the operation for a year. It was coordinated by Europol’s cybercrime specialists. So, you can see how much it was online without any consequences serving the black heads. Cybercrime is making more money than the whole drug industry nowadays.”
The second is from Artur Kane, CMO, GoodAccess:
“While hackers’ forums’ social and educational aspects are apparent, these media play a fundamental role in the community’s operational capabilities. It is where members join forces to coordinate their activities, exchange code and tools used in attacks, share experiences about exploiting vulnerabilities, sell stolen data such as passwords, and more. Reestablishing this core exchange and collaboration platform is vital for the success of cybercriminal activities. While, at first, the former members will distribute to smaller sites, a new major successor will soon arise to take the RaidFormus place. One of the likely candidates is BreachForums.”
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This entry was posted on April 12, 2022 at 4:00 pm and is filed under Commentary with tags Law Enforcement. You can follow any responses to this entry through the RSS 2.0 feed.
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The FBI And Their Friends Take Down RaidForum
Score one for the good guys.
CNN has reported that the FBI and international partners seized control of the popular hacking forum RaidForum. At the time of the seizure, the forum had over 500k registered members, and was known for advertising hacked American data. Law enforcement agencies in the US, UK, Sweden and elsewhere were involved in the seizure.
Chris Olson, CEO, The Media Trust had this to say:
“The seizure of RaidForum is a great example of what can happen when law enforcement agencies cooperate in the global fight against cybercrime. Unfortunately, it’s not likely to have a significant impact on cybercrime, as users of RaidForum – and any “surface web” hacking boards – are not major players, and many will simply migrate elsewhere.”
“The modern Web is effectively a borderless entity, which makes cybercrime exceedingly difficult to fight. By 2025, the yearly cost for consumers and organizations is expected to reach $10.5 trillion. In the meantime, we need to take better control of our digital borders – until we do, cyber actors will continue to target consumers through Web and mobile endpoints.”
Hopefully we see more takedowns like this. Because everytime the good guys do this, it becomes less and less comfortable for threat actors to exist.
UPDATE: I have two more comments. The first is from Peter Stelzhammer, Co-founder, AV-Comparatives:
“By shutting down this forum a great source for black hats has gone. Nevertheless, there is a massive number of other sources, so stay safe on the internet and use IT security systems and backup.”
“Investigators had been preparing the operation for a year. It was coordinated by Europol’s cybercrime specialists. So, you can see how much it was online without any consequences serving the black heads. Cybercrime is making more money than the whole drug industry nowadays.”
The second is from Artur Kane, CMO, GoodAccess:
“While hackers’ forums’ social and educational aspects are apparent, these media play a fundamental role in the community’s operational capabilities. It is where members join forces to coordinate their activities, exchange code and tools used in attacks, share experiences about exploiting vulnerabilities, sell stolen data such as passwords, and more. Reestablishing this core exchange and collaboration platform is vital for the success of cybercriminal activities. While, at first, the former members will distribute to smaller sites, a new major successor will soon arise to take the RaidFormus place. One of the likely candidates is BreachForums.”
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This entry was posted on April 12, 2022 at 4:00 pm and is filed under Commentary with tags Law Enforcement. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.