Feeds

DarkMarket founder jailed for five years

Digital underground kingpin sent down

3 Big data security analytics techniques

The founder of a notorious underground carding forum was jailed for four years and eight months on Friday.

Renukanth Subramaniam, 33, set up DarkMarket, an eBay for cybercrooks where fraudsters and crackers could buy and sell stolen bank log-ins, credit card details and skimmers. The scheme became unstuck in 2008 after the site was infiltrated by an FBI agent who posed as a criminal hacker and gained a senior role running the site under the alias MastrSplyntr in an undercover operation that ultimately led to 60 arrests worldwide including Subramaniam (aka JiLsi).

Prosecutor Sandip Patel described DarkMarket as a "Facebook for fraudsters", the BBC reports.

Subramaniam, a former pizza man, who ran DarkMarket from an internet cafe in north London, admitted conspiracy to defraud along with five separate mortgage fraud offences.

John McHugh, 66, of Doncaster, South Yorkshire, was also jailed on Friday at the same sentencing hearing at Blackfriars Crown Court. McHugh (aka 'Devilman') was sent down for two years after he was convicted of selling stolen credit card details on DarkMarket.

UK investigations into DarkMarket were led by the Serious Organised Crime Agency (Soca), whose explanation of the underground forum sheds light on the workings of the underground economy.

DarkMarket provided a sophisticated, invitation-only service for criminals to buy and sell compromised credit card information and anything else they needed to commit financial crime. It also offered training in fraud techniques, including online bank account takeovers, and money laundering. There was a business-like hierarchy, with an elite core in the management positions. Further down the hierarchy, reviewers would assess potential new members for suitability. At the bottom end of the ladder, new members would have to prove their criminal credentials and ability before they were accepted as full members.

Police are attempting to track down and seize Subramaniam and McHugh's illgotten gains.

Sharon Lemon, deputy director of Soca, explained: “A financial investigation is now underway into the money these men made from their crimes. It’s hard to put a figure on the sums involved now, but we believe that Subramaniam suffered a personal loss of £100,000 in one go linked to deals on a single lost memory stick.

"SOCA is determined to recover what it can from them. Things don’t end with a conviction.” ®

3 Big data security analytics techniques

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Putin tells Snowden: Russia conducts no US-style mass surveillance
Gov't is too broke for that, Russian prez says
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Call of Duty 'fragged using OpenSSL's Heartbleed exploit'
So it begins ... or maybe not, says one analyst
Arts and crafts store Michaels says 3 million credit cards exposed in breach
Meanwhile, Target investigators prepare for long process in nabbing hackers
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.