Dark Web Scams: Common Ways Criminals Target Each Other

Dark web fraud, scams, and deceit attack everyone; even cybercriminals are susceptible to cyber attacks as the dark web is full of scammers. People are aware of the dark web as a hotbed of crime despite it being shrouded in mystery and hailed as a kingdom of potential. The dark web underground economy is sustained in part by illegal substances, fraud, guns, hit men, hackers, and people trafficking.

Not only that, but scammers also take advantage of the notoriety of the dark web to prey on unsuspecting users or other criminals looking for illegal goods and services. Millions of money are also lost by criminals to dark web scams on forums and marketplaces. Behind the poetic justice and irony of criminals targeting criminals and receiving a taste of their own medicine, insights into the black market trade are being revealed.

Why Does the Dark Web Exist?

Although the dark web’s beginnings are unknown, it is now mentioned in popular discussions of technology and digital security as the shady root of several security vulnerabilities.

The dark web primarily employs a collection of nodes and networks referred to as “darknets.” Peer-to-peer networks, both large and tiny, like Tor and Freenet, are examples of this, but they are not the only ones.

Use of specialist software, such as the Tor browser, is required to browse and use the dark web. It’s important to understand the operation and purpose of this dark web browser because it plays such a significant role in online activities.

Why Is the Dark Web So Dangerous? What Can You Find There?

Cybercriminals and other bad actors heavily rely on the dark web’s capabilities in a variety of illegal ways. Marketplaces and forums are the main hubs for illegal activity on the dark web, where criminals trade unlawful goods and services.

Theft and counterfeit data, which comes in various forms, is one of the illegal goods that criminals and con artists sell on these black markets.

Personal information. (Also known as PII or personally identifiable information) This includes your full name, residential address, phone number, birth date, Social Security number, hacked email address, and many other specifics that can identify you specifically.

The Epicentre of Dark Web Crime

Ross Ulbricht’s Silk Road initially attracted public attention, which is when dark web black markets started to take off. The “Dread Pirate Roberts” alias was used by Ulbricht to control the black market for drugs. Between 2011 and 2013, it ran on darknets until the FBI took it down.

The FBI case report claims that throughout its operational period, Silk Road generated $1.2 billion in revenue and $80 million in commission. In Tucson, Ulbricht is currently receiving a life sentence. Even though the Silk Road market was the most well-known, trade on the dark web continued after Ulbricht was sentenced.

The dark web is still rife with crime today, and it continues to draw those looking for illegal possibilities. Today, you can discover anything from real hitmen to imposters looking to con those looking for honest services. The problem is that you can never be sure if you will receive a genuine offer or a fraud.

You might need to use the dark web for genuinely important privacy concerns because it’s more than simply a shelter for criminals. Use a trustworthy VPN before connecting to Tor to avoid leaving yourself open to surveillance by the government and online criminals.

Common Dark Web Scamming Methods

Scams on the dark web targeting consumers looking for illicit goods and services are on the rise. Cybercriminals who want to avoid detection find it particularly appealing to scam those who are unable to call the authorities. These lucrative and deceptive scams come in a variety of forms. In 2022, this sub-economy generated more than $2.5 million on three well-known dark web cybercrime forums.

Here are a few of the frauds that cybercriminals utilize most frequently on the dark web to prey on their similarly immoral victims.

Rip and Runs: This refers to taking something from someone and then leaving before fulfilling your obligation. This can take many different forms on the dark web. When someone tries to pay for malware, a hitman, or other services, there is an echoing silence. Because the “victim” was taking part in criminal action when the scammer broke contact, they were unable to report it. Of course, using the word “victim” in this situation is inappropriate given the circumstances. It’s hard to sympathize with folks who use the dark web to find ways to harm others.

Referral Scams: Referrals are a more complex variation of the phrase “rip and run.” The buyer is referred to a merchant on the dark web rather than dealing with him directly. The referrer is complicit in the fraud, and frequently, it is the same person. Someone vouching for a vendor helps overcome the buyer’s doubts and comes to appear more genuine—a classic social engineering technique. You may have 100 phony identities and nobody would ever know because of the ethos of anonymity on the dark web.

Dark Web Vendor Impersonations: Genuine dark web criminals can build solid reputations in their field. This is used by other novice cybercriminals interacting with another cybercriminal who is posed as a dark web user on forums and chat rooms. They can profit from defrauding customers if they present themselves as a reputable seller and people fall for it.

Blackmail: Blackmail is frequently used against persons who participate in illicit markets by malicious hackers who obtain their personal information. If they don’t pay a charge, they might threaten to doxx them or hand them over to the police. Anyone surfing dark websites without a private connection has a chance of becoming a target; it’s not just experienced criminals who can be blackmailed. A website’s unlawful status cannot be determined until you view it. If you click on a.onion link expecting to visit an anime fan club, you can instead encounter a criminal market. When using the dark web, it’s always worthwhile to keep your identity hidden.

Backdoor Malware: Skilled hackers sell software for carrying out complex cyberattacks on the dark web. These programs are attractive to other threat actors because they cut down on their development time. They may make a lot more money from hacking than they would spend on a program. Threat actors on the dark web take advantage of this to infect customers’ PCs with malware. They most likely obtain bogus software that contains harmful code. Purchasing a program to manipulate unwitting people? Predator turns into prey.

Phishing: Even on the dark web, phishing is one of the most popular ways to acquire malware infections. Threat actors offer harmful links on forums and underground marketplaces in the hopes that someone will click on them. Phishing succeeds because it’s impossible to tell before you click whether a link contains dangerous payloads.

Financial Dark Web Fraud: Financial theft is rampant on the dark web, where vendors sell stolen bank and credit card information to anybody who will pay. A Privacy Affairs dark web price index indicates that you can spend as little as $15 to purchase stolen credit card information. Not only seasoned con artists participate in this easy money. Teenage schoolchildren in the UK are increasingly becoming involved in dark web fraud. The practice is known as “deetsing,” and it allows young people to pay for items they would never normally be able to afford (without their parent’s knowledge).

What Should I Do if the Dark Web Contains My Personal Information?

If you’ve established that your personal information has been released on the dark web, you’re at a higher risk of identity theft and financial crime. That is why a lot of people today prefer a combination of a financial and credit fraud protection solution and an identity theft protection service. When you learn about new inquiries on your credit file, such as new credit cards or bank loans, in almost real-time, it is much easier to spot early indicators of fraud.

How To Use The Dark Web Securely

The simplest way to access Tor and the dark web is through the Tor Browser. On the official website, it may be downloaded and installed without charge. To conceal your Tor Browser download, you can utilize a VPN and the private/incognito mode of your current browser.

Currently, only Windows, Mac, Android, and Linux support the Tor Browser. Once connected, “Tor hidden services” on the dark web will be accessible to you. dark web addresses end with “.onion” rather than “.com” or “.org”.

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