Thousands of breached websites turn up on MagBo Black market

This blog post is a summary of this weeks Information Security News put together by our Security Incident Response Team (SIRT).

Thousands of breached websites turn up on MagBo Black market

The research team said it has shared its findings with law enforcement and victims are being notified.

A newly-discovered underground marketplace has been peddling access to more than 3,000 breached websites, catering to hackers hungry for valuable data and the ability to launch a range of attacks on unsuspecting site visitors.

Advertisements for the Russian-speaking marketplace called MagBo were first posted on a top-tier hacking forum in March, according to researchers at Flashpoint. Upon further investigation, the research team found that details for thousands of breached websites were for sale on MagBo.

“This particular market is populated by a more than a dozen vendors and hundreds of buyers who sell and take part in auctions in order to gain access to breached sites, databases and administrator panels,” said Vitali Kremez, a researcher with Flashpoint in a Wednesday post.

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