The Criminal groups Does the Intrusion. The State linked groups Only Has to Shop. Part of GN-090 ...The Criminal groups Does the Intrusion. The State linked groups Only Has to Shop. Part of GN-090 ...
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The Criminal groups Does the Intrusion. The State linked groups Only Has to Shop.
Part of GN-090 Report which is available to read for free on Aether-Intel
The cybercriminal selling stolen credentials for $500 thinks they're making another routine marketplace sale.
What if the real customer isn't another criminal?
One of the arguments I explore in my latest GREY NEXUS report is that the underground data economy has quietly become an intelligence marketplace.
The intrusion is funded by crime.
The marketplace handles distribution.
The buyer may be pursuing something far beyond financial gain.
The same dataset can have two completely different values:
• A criminal sees VPN credentials.
• An intelligence service sees pre-positioning.
• A criminal sees leaked personal data
.• An intelligence service sees targeting material.
• A criminal sees a telecom breach.
• An intelligence service sees population-level signals intelligence.
The data doesn't change.
Only the buyer's objective does.That's why I believe every major breach should be viewed through two lenses:
What can criminals do with it?
What could a state actor do with exactly the same data?
This report argues that the criminal data economy isn't just enabling cybercrime it also functions as a self-sustaining intelligence supply chain where the end buyer may never be visible to the seller.
In recent weeks, I've observed what appears to be a renewed purchasing campaign by state-linked actors targeting millions of social media accounts and large credential databases containing email/password combinations. The intrusion may be criminal. The acquisition objective may be something else entirely.
GN-090 - The Intelligence Marketplace: Where Criminal Data Brokers Sell to State Buyers Without Knowing It is now available to read TLP:CLEAR on Aether-Intel
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