This notorious cybercrime market is closing its doors



The Internet's largest marketplace for stolen credit card information has announced it will be shutting down soon. Joker's Stash, which has gained notoriety as the place where loot from identity theft attacks is put up for sale, will close on February 15. The marketplace administrator announced the closure of a number of cybercrime forums that are often frequented by buyers and sellers of the site. More information about the shutdown also comes from threat intelligence firm Intel 471, which published a blog post detailing some of the recent difficulties with Joker's Stash. "The Joker's Stash drop comes after a very turbulent close to 2020," the blog read. “In October, the actor allegedly running the site announced that he had contracted COVID-19 and spent a week in the hospital. The condition affected the site's forums, inventory replenishment, and other operations. Intel 471 also observed customers on the site complaining that the quality of the store's payment card data was deteriorating. "

Seriously

In addition to the issues mentioned by Intel 471, Joker's Stash recently faced an ongoing police investigation. The FBI and Interpol seized four domains associated with the card forum in December. The seizure has led some Joker's Stash users to wonder when authorities might further shut down the site's main operations. While Joker's Stash will be out of commission soon, that doesn't mean its manager won't face additional police action. The marketplace is estimated to have facilitated the transfer of hundreds of millions of dollars in illicit transactions since its launch in 2014. Previously, law enforcement officials have demonstrated that they have the technical means to pursue cybercrime cases against individuals through despite your best efforts to cover your tracks. Earlier this month, Europol successfully shut down the world's largest Dark Web marketplace following an international investigation. Via ZDNet