The Dark Web

Research into the nature and extent of discussions on the Dark Web with the intent to attack and damage companies through fraud and cybercrime.

Bad for business

Crowe, in collaboration with the Centre for Counter Fraud Studies at University of Portsmouth and Cyfor, undertook research to find out more about how the Dark Web is used by fraudsters and cybercriminals to support, plan, execute and monetise attacks on companies.

What is the Dark Web?

The Dark Web is the World Wide Web content (a series of ‘darknets’) that requires specific software, configurations or authorisation to access. It forms a small part of the deep web, the part of the Web not indexed by web search engines.

The darknets which constitute the Dark Web include small, peer-to-peer networks, as well as large, popular networks like Tor, Freenet, I2P and Riffle operated by public organisations and individuals.

Why is the Dark Web bad for business?

The Dark Web is well known for being a marketplace for illegal goods such as drugs and weapons. However, the research underpinning this report originated in a desire to know more about how it is used by fraudsters and cybercriminals to support, plan, execute and monetise attacks on companies.

Little has been published in this area, and yet, as was found during the course of the research, a very real problem exists. It is easy to access and increasingly becoming the source of tools and methods used by criminals to target organisations.

What were we looking for and what did we find?

The Dark Web is large and complex. To provide a starting point the researchers selected the 50 most valuable UK brands and searched areas of the Dark Web called ‘Market Places’ for information about each brand.

The researchers quickly found discussions, and attempts to market services and products, intended to defraud or perpetrate cybercrime against 21 of the top 50 UK brands, as identified the 2017 brand directory league table. The researchers also identified discussions about a large number of other well-known brands. For ease of analysis, we have grouped our findings against the top 50 UK brands into four key types of organisations.

Banking icon

Banking and finance

Out of the top 50 UK brands, we found eight banking and finance organisations that were affected.

Retail

Retail and entertainment

Out of the top 50 UK brands, we found four retail and entertainment organisations that were affected.

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Telecommunications

Out of the top 50 UK brands, we found six telecommunications organisations that were affected.

Energy icon

Energy and Transport

Out of the top 50 UK brands, we found three energy and transport organisations that were affected.

Download The Dark Web report [pdf]

Conclusion

Our research demonstrates that cyber criminals collaborate and trade online to obtain the information and tools necessary to defraud and commit crime. This happens on a significant scale with many of the UK's top brands affected.

This report, by exposing the nature and scale of what is happening, can help to raise awareness of the problem.

Fraud and cybercrime are now the most commonly reported crime and no organisation can expect to be immune. Businesses can and should do much more. There are mechanisms available to allow more effective threat assessments.

 

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How Crowe’s Dark Web service can help

The Dark Web requires expertise to search it effectively and discretely. Searching should be undertaken by trained experts used to working across the various Dark Web market places.

Crowe offers a low-cost subscription service for organisations interested in monitoring the Dark Web for emerging threats. It can be deployed quickly and provides a regular report of any discussions relevant to the organisation. 

Our service is much more than is offered by automated Web crawlers. Searching is undertaken by humans, specially trained with an eye for detail and the intelligence to spot threats and points of interest.

For more information and a no obligation discussion please contact Jim Gee.

Cybercrime and business malpractice: how to protect your organisation

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Crowe's Forensic and Counter Fraud team are designed to help clients whatever the problem, wherever the place. We help clients to react to adverse event or to better protect themselves against such events in the future. We deliver our services across most continents, and in some of the most difficult countries in which to operate.
Jim Gee
Jim Gee
Partner, Head of Forensic and Counter Fraud
London