Stolen credentials sold… Genesis Market sanctioned
In a statement issued by the ministry, it was reported that the Office of Foreign Assets Control (OFAC) took action for Genesis Market, one of the world’s largest illegal markets for the theft and sale of identity information from devices and sensitive data. .
The statement stated that Genesis Market gained unauthorized access to victims’ devices and sold the stolen data, including usernames and passwords, and that the sanction decision was made in coordination with the US Department of Justice. and international partners from more than 10 countries.
In the statement, it was emphasized that the US Treasury has been aware of the illegal financial risks associated with dark web markets for a long time, and recalled the Hydra market, which was shut down in April last year. .
In the statement, it was stated that the Genesis Market is believed to be located in Russia, and that the dark web market is a tool for the sale of data such as email addresses, usernames, passwords and other identity information. of victims, in packages, stolen from malware-infected systems around the world.
In the release, it was noted that as of February 1, there are approximately 460,000 bundles offered for sale on the Genesis Market.
In this context, it was indicated in the statement that all assets belonging to Genesis Market, owned or controlled by Americans or American persons, must be blocked and reported to OFAC, and it was noted that persons who have certain transactions with The said organization may also be subject to sanctions.
GENESIS MARKET CONFIDENTIAL
Brian Nelson, Treasury Under Secretary for Terrorism and Financial Intelligence, stressed that the United States will not allow illegal markets to go unpunished with its partners.
Nelson reported that Treasury will continue to work closely with law enforcement to stop this activity and hold malicious cybercriminals accountable.
On the other hand, in the US Department of Justice statement, it was indicated that a coordinated international operation was carried out against the Genesis Market, and that the dark web market was seized and many users were arrested.
The statement claimed that Genesis Market has provided access to more than 80 million stolen credentials from more than 1.5 million compromised computers since March 2018. (AA)