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malshe · 2 years ago
"In reality, we are not a ransomware-as-a-service, but professional fraudsters."

And they say there is no honor among thieves

1231232131231 · 2 years ago
So surprising...

Their approach was quite unique, though. It surprises me how hackers trust each other enough to send money without proof, especially in an environment where you're expected not to trust anybody.

brutusborn · 2 years ago
The only alternative I can think of is to use escrow, which probably isn’t attractive for illegal activities and still requires trust.
tracedddd · 2 years ago
Escrow was pretty popular on Raidforums, high reputation forum users would not only escrow transactions directly but also do things like pseudo-publicly validate or invalidate claims by checking a sellers data or tools against their own collections (presumably the benefits of being a professional hacker escrow and seeing lots of data).
Terr_ · 2 years ago
I recently read a book [0] that goes into that and how--much like biological parasitism--sometimes you have frauds upon frauds.

[0] Lying for Money: How Legendary Frauds Reveal the Workings of Our World

CodesInChaos · 2 years ago
You can use 2 of 3 multi-signatures to reduce trust requirements.
tracedddd · 2 years ago
It’s just not a lot of money in most cases. Often in the hundred to few thousand range. And there is usually a data sample, such as the schema and the first 100 rows, or a demo. Of course, those aren’t strict guarantees but it does make faking it all more difficult.
yieldcrv · 2 years ago
In hacker world, the liability is distributed just like in corporations

the person hacking data isn’t usually the person turning that into money, the person turning it into money isn’t the person doing identify fraud, or breaking into users bank accounts etc

But whoever takes on the most liability stands to make the most money

But whoever trades the liability only gets a little bit

DANmode · 2 years ago
It's not their money.
rightbyte · 2 years ago
You can probably do like a thousand transactions where the first part of the database is a freebie. Almost no trust needed.

I.e. pay for the first part to get the 2nd, and so on.

gamepsys · 2 years ago
> Mogilevich says that it sold this material to eight buyers

Who are these buyers? Do they have criminal intent, or are they professional security conducting an investigation? Obviously the whole thing is just the word of someone who is either a hacker or a fraudster. I just like the idea of a half dozen government agencies buying any hacks they can find online.

Staple_Diet · 2 years ago
> I just like the idea of a half dozen government agencies buying any hacks they can find online.

Well, if you know you know.

furyg3 · 2 years ago
Who's to say, maybe these claims are also fake.
ImHereToVote · 2 years ago
>I just like the idea of a half dozen government agencies buying any hacks they can find online.

Nice way to commit suicide by a shotgun buckshot in the back.

rokkitmensch · 2 years ago
Well this is a new twist on our post-truth reality...
whatshisface · 2 years ago
When did we go from pre- to post- truth, when monkeys evolved speech / Eve took a bite from the apple and picked up the concept of lying?
thinkingemote · 2 years ago
Biblical metaphor maybe Pilate "what is truth?"

For me, post truth is the belief that truth and lying don't exist or that the truth is less important than the belief. That's different from intentional and willed lying to get an end. They don't believe they are lying.

I once had a colleague who told me in very serious terms "the truth doesn't matter" in relation to his and many others shared perceptions of a political issue. I rapidly disengaged from working with him. It is deeply scary.

shannifin · 2 years ago
Reminds me of the Mona Lisa heist. Pretend to steal the famous painting, then sell counterfeits.

https://www.mentalfloss.com/article/538216/art-heist-stolen-...