Trend Micro Research Finds Trust Lacking Within the Cybercriminal Underground

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Report details changing tactics and global demand for new malicious services like Deepfake ransomware and AI bots

 

HONG KONG, CHINA – Media OutReach – 27 May 2020 – Trend Micro Incorporated (TYO: 4704; TSE: 4704),
the global leader in cloud security,
today released new data on cybercriminal
operations and patterns for buying and selling goods and services in the
underground. Trust has eroded among criminal interactions, causing a switch to
e-commerce platforms and communication using Discord, which both increase user
anonymization.

 

“This report
highlights the threat intelligence we collect and analyze from global
cybercriminal networks that enables us to alert, prepare and protect our
corporate customers and partners,” said Tony Lee, Head of Consulting, Hong
Kong and Macau, at Trend Micro. “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. A layered, risk-based
response is vital for mitigating the risk posed by these and other increasingly
popular threats.”

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The report reveals that
determined efforts by law enforcement appear to be having an impact on the
cybercrime underground. Several forums have been taken down by global police
entities, and remaining forums experience persistent DDoS attacks and log-in
problems impacting their usefulness.

 

Loss of trust led to the
creation of a new site, called DarkNet Trust, which was created to verify
vendors’ and increase user anonymity. Other underground markets have launched
new security measures, such as direct buyer-to-vendor payments,
multi-signatures for cryptocurrency transactions, encrypted messaging, and a
ban on JavaScript.

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The report also reveals the
changing market trends for cybercrime products and services since 2015.
Commoditization has driven prices down for many items. For example, crypting
services fell from US$1,000 to just $20 per month, while the price of generic
botnets dropped 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.

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However, Trend Micro Research has seen high demand for other
services, such as IoT botnets, with new undetected malware variants selling for
as much as $5,000. Also popular are fake news and cyber-propaganda services,
with voter databases selling for hundreds of dollars, and gaming accounts for
games like Fortnite can fetch around $1,000 on average.

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Other notable findings include the emergence of markets for:

  • Deepfake services for sextortion or to bypass photo verification requirements on
    some sites.
  • AI-based gambling bots designed to predict dice roll patterns and crack complex Roblox
    CAPTCHA.
  • Access-as-a-Service to hacked devices and corporate networks. Prices for Fortune 500
    companies can reach up to US$10,000 and some services include access with read and
    write privileges.
  • Wearable device accounts where access could enable cybercriminals to run warranty scams by
    requesting replacement devices.

Trends in underground marketplaces will likely shift further
in the months following the global COVID-19 pandemic, as attack opportunities
continue to evolve. To protect against the ever-changing threat landscape,
Trend Micro recommends a multi-layered defense approach to protect against the
latest threats and mitigate corporate security risk.

 

To find out more and read the full report, please visit: https://www.trendmicro.com/vinfo/hk/security/news/cybercrime-and-digital-threats/trading-in-the-dark

About Trend Micro

Trend Micro Incorporated, a global leader in cybersecurity
solutions, helps to make the world safe for exchanging digital information. Our
innovative solutions for consumers, businesses, and governments provide layered
security for data centers, cloud environments, networks, and endpoints. All our
products work together to seamlessly share threat intelligence and provide a
connected threat defense with centralized visibility and control, enabling
better, faster protection. With more than 6,000 employees in over 50 countries
and the world’s most advanced global threat intelligence, Trend Micro secures
your connected world. For more information, visit www.trendmicro.com.hk.

Trend Micro Research Finds Trust Lacking Within the Cybercriminal Underground

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Latest News

Asia Pacific Rayon Raises US$300m from National and International Affiliated Banks to Expand Production Capacity

  • Continued capital expenditure aims to boost production and support the recovery of Indonesian economy
  • Loan agreements aligned with Indonesian Government's strategy to drive investment growth in 2021
  • APR is a member of the RGE group of companies
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JAKARTA, INDONESIA - Media OutReach - 12 April 2021 - Asia Pacific Rayon (APR), the largest integrated rayon fiber producer in Indonesia, today announced that it has secured a syndicated loan facility of Rp 4.5 trillion (US$300 million) with national and international affiliated banks. The funding will be used to support continued capital investment in the company's production facilities at Pangkalan Kerinci, Riau Province, Sumatra.

APR is vertically integrated through its supply chain, from renewable fiber plantations to high-value textile development. It commenced operations in 2019 and was formally inaugurated by President Jokowi Widodo in February 2020. APR plans to increase its production capacity over the coming year to capture the strong growth potential of viscose staple fiber (VSF), strengthening its market position in Indonesia and in export markets across the region. APR is a member of the RGE group of companies. Founded by Sukanto Tanoto, RGE manages a group of resource-based manufacturing companies with global operations.

The syndicated loan participating banks are PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank Central Asia Tbk, PT Bank Pan Indonesia Tbk, PT Bank Pembangunan Daerah Jawa Barat, PT Bank Woori Saudara Indonesia 1906 Tbk and PT Bank KEB Hana Indonesia

The joint mandated lead arrangers and bookrunners for the syndicated loan are PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank Central Asia Tbk, and PT BANK Pan Indonesia Tbk.

Basrie Kamba, Director, Asia Pacific Rayon, said: "This funding will be used to support continued investment in our operations in Kerinci. Rayon fiber, or viscose, is a textile raw material derived from sustainably managed plantations. As rayon is both renewable and biodegradable, it supports the trend towards sustainable fashion in Indonesia and in other markets around the world."

APR's planned expansion is aligned with the Indonesian Government's strategy to increase investment and boost employment to support the recovery of the country's economy and address the continued impact of the COVID-19 pandemic. Following the passing into law of the Omnibus Bill in October last year to streamline investment and stimulate job creation, President Widodo said last month that investment would be the key factor in achieving 5% economic growth in 2021.

"This loan facility and our continued investment in our operations are evidence of the growth potential of the viscose rayon sector in Indonesia and around the world. We are committed to supporting the Indonesian Government's efforts to improve the investment climate in export-oriented manufacturing industries, and its efforts to create upstream jobs in plantations and the processing of raw materials, and downstream opportunities in textile factories and related businesses," said Basrie.

Hari Setiawan, Executive Vice President of PT Bank Rakyat Indonesia (Persero) Tbk said : "As Representative of JMLAB and all lenders, I hope this collaboration will be useful to support the growth and development of PT Asia Pacific Rayon in increasing production and operations and also supporting the recovery of Indonesia's export growth."

"Support from BCA and other Banks reflect our confidence in APR, and as our contribution to promote a sustainable and environment friendly industry. We hope this cooperation will tighten our relationship as well," said Susiana Santoso, Executive Vice President of PT Bank Central Asia Tbk.


About Asia Pacific Rayon

Asia Pacific Rayon is the first fully integrated viscose rayon producer in Asia. Located in Pangkalan Kerinci, Riau, the company uses the latest production technology to produce high-quality rayon to meet textile needs. APR is committed to becoming a leading viscose rayon producer with the principles of sustainability, transparency and operational efficiency, serves the interests of the community and the country, and provides value to customers. APR is part of the RGE (Royal Golden Eagle) group of resource-based manufacturing companies. Sustainability is fundamental to APR. The APR Sustainability Policy, updated in September 2020, include additional commitments on pulp sourcing and clean manufacturing.


About RGE

RGE Pte Ltd manages a group of resource-based manufacturing companies with global operations. Our work ranges from the upstream, comprising sustainable resource development and harvesting, to downstream, where our companies create diverse value-added products for the global market. Our commitment to sustainable development underpins our operations, as we strive towards what is good for the community, good for the country, good for climate, good for customer, and good for company. RGE was founded in 1973. The assets held by RGE companies today exceed US$20 billion. With more than 60,000 employees, we have operations in Indonesia, China, Brazil, Spain and Canada and continue to expand to engage newer markets and communities. www.rgei.com

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