Ever wondered what financially-motivated threat actors do with their illicit gains? Sophos X-Ops investigated obscure areas of criminal forums dedicated to ‘legal business’ – where threat actors discuss crimes and businesses beyond cybercrime and malware.
We examined thousands of forum posts, and discovered a dark underbelly of fraud, theft, money laundering, shell companies, stolen and counterfeit goods, counterfeit currency, pornography, sex work, stocks and shares, pyramid schemes, gold, diamonds, insider trading, construction, real estate, drugs, offshore banking, money mules (people hired by launderers to physically or virtually transport/transfer money), smurfs (people hired to conduct small transactions to launder larger amounts), tax evasion, affiliate advertising and traffic generation, restaurants, education, wholesaling, tobacco and vaping, pharmaceuticals, gambling – and, believe it or not, cybersecurity companies and services.