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BALTIMORE, April 17, 2019 (GLOBE NEWSWIRE) -- Terbium Labs, the premier dark web intelligence company, today announced the findings of new research examining the market for fraud guides for sale on the dark web and their impact on data security. The report titled, "Fraud Guides 101: Dark Web Lessons on How to Defraud Companies and Exploit Data," analyzed nearly 30,000 guides to determine what fraudsters are selling; what they're teaching; how these guides impact an organization's understanding of data security; and countermeasures that can be taken by organizations to minimize data theft and risk from data exposure.
"Fraud guides illustrate the most popular, easy-to-use methods to commit cyber-enabled fraud," shared Emily Wilson, VP of Research at Terbium Labs. "The guides provide unique insights into how cybercriminals think, talk, and operate on the dark web. By evaluating the contents of these guides, we can better understand the dark web fraud trade and deploy effective strategies and technologies to protect our most critical data."
The report found that the data most desired by fraudsters, and therefore most at risk, includes:
Other notable findings include:
The expanding threat landscape and new business innovation has organizations spending more than ever to deal with the cost and consequences of sophisticated attacks. In the Ninth Annual Cost of Cybercrime Study, Accenture and the Ponemon Institute found that the average number of security breaches in the last year grew by 11%, the average cost of cybercrime for an organization increased to $13 million (from $1.4), and the total value at risk globally to grow to $5.2 trillion over the next five years.
At a time of heightened security risks and an ever-evolving digital landscape, fraud guides are particularly salient. Much like how the fraud guides offer would-be criminals steps for exploiting vulnerabilities and wreaking havoc on systems, in this research Terbium Labs provides a systematic approach that combines technical, legal, and procedural guidance to help organizations and security teams make informed decisions and combat existing threats. Organizations can use the knowledge gathered in this report to evaluate their existing controls and fraud detection services and keep tabs as new exploit techniques emerge.
To obtain a copy of the Fraud Guides 101 report, visit: https://go.terbiumlabs.com/lp-wp-fraud-guides-101-ws
About Terbium Labs
Terbium Labs gives organizations unprecedented visibility into their exposure on the dark web. Leveraging Matchlight, the world’s most comprehensive, continuous and fully private dark-web data monitoring system, along with a team of on-demand analysts to assist with incident response and investigation, Terbium Labs provides the real-time intelligence, context, and scale needed to prevent fraud, mitigate risk, and ensure round-the-clock account protection. Featuring its patented data-fingerprinting technology that monitors for specific data without requiring it be shared with Terbium Labs or stored anywhere, and built on top of a state-of-the-art web crawler, Matchlight is available as a managed service for corporate data exposure or as a data source for payment card or other unstructured data. Learn more about Terbium Labs' approach to dark-web monitoring, breach detection, and fraud prevention by visiting www.terbiumlabs.com or on Twitter @TerbiumLabs.
April H. Burghardt