Home / News

Trust Has Eroded Within the Cybercriminal Underground Causing a Switch to Ecommerce Platforms

Popular underground goods and services / Trend Micro, May 26, 2020

New data released today indicates that trust has eroded among criminal interactions, causing a switch to ecommerce platforms and communication using Discord, which both increase user anonymization. “Determined efforts by law enforcement appear to be having an impact on the cybercrime underground,” says Trend Micro Research that conducted the study. “This research helps us inform businesses early about emerging threats, such as Deepfake ransomware, AI bots, Access-as-a-Service and highly targeted SIM-swapping,” says Ed Cabrera, Trend Micro’s chief cybersecurity officer. A layered, risk-based response is vital for mitigating the risk posed by these and other increasingly popular threats.” The study also found commoditization has driven prices down for many items such as crypting services which has dropped from US$1,000 to just $20 per month, and the price of generic botnets dropping from $200 to $5 per day. “Pricing for other items, including ransomware, Remote Access Trojans (RATs), online account credentials and spam services, remained stable, which indicates continued demand.”

Other scenarios expected in the underground economy within the next three years:

  • Deepfake ransomware will be the evolution of sextortion
  • More cybercrime will hit Africa in the next three to five years
  • Cybercriminals will find a scalable business model that takes advantage of the IoT’s wide attack surface
  • Smart contracts in escrow offered in underground forums
  • SIM card hijacking will increase and target high-level executives

By CircleID Reporter

CircleID’s internal staff reporting on news tips and developing stories. Do you have information the professional Internet community should be aware of? Contact us.

Visit Page

Filed Under


Comment Title:

  Notify me of follow-up comments

We encourage you to post comments and engage in discussions that advance this post through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can report it using the link at the end of each comment. Views expressed in the comments do not represent those of CircleID. For more information on our comment policy, see Codes of Conduct.

CircleID Newsletter The Weekly Wrap

More and more professionals are choosing to publish critical posts on CircleID from all corners of the Internet industry. If you find it hard to keep up daily, consider subscribing to our weekly digest. We will provide you a convenient summary report once a week sent directly to your inbox. It's a quick and easy read.

I make a point of reading CircleID. There is no getting around the utility of knowing what thoughtful people are thinking and saying about our industry.

Co-designer of the TCP/IP Protocols & the Architecture of the Internet



IPv4 Markets

Sponsored byIPv4.Global

Brand Protection

Sponsored byCSC


Sponsored byDNIB.com


Sponsored byVerisign

Domain Names

Sponsored byVerisign

Threat Intelligence

Sponsored byWhoisXML API

New TLDs

Sponsored byRadix