Tech firms form new security alliance, while new study details carding black market

A new alliance of technology companies has formed “to help stem the rising tide of cybersecurity threats.”

In an email to FierceCIO, A10 Networks unveiled the A10 Security Alliance, “an ecosystem of leading security and networking companies that are working together to help mitigate threats and automate security operations. By validating interoperability with products from leading security vendors, the A10 Security Alliance has developed specialized solutions for data centers that deliver critical best-of-breed security capabilities required to detect and eliminate advanced threats; lower data breach expenses, and reduce the cost of security operations.”

Joining forces in the security alliance are A10 Networks, RSA, Arista, FierEye, FlowTraq, IBM Security, Ping Identity, Pulse Secure, Symantec, Vecra, Venafi, Webroot and others.

“To combat cyber threats organizations must develop an integrated defense that incorporates attack protection, forensics, authentication, visibility, and more,” noted Raj Jalan, chief technology officer at A10 Networks.Meanwhile, Group-IB, a leading company in fraud prevention, cybercrime and hi-tech crime investigations, has released its annual report on the Russian high-tech crime market for 2014. Analysts from Group-IB’s computer forensic labs and its CERT-GIB unit prepared the 56-page report which looks at cybercrime covering the second half of 2013 and the first half of 2014.

In an email to FierceCIO, Group-IB noted that the carding black market (stolen credit card and debit card data) looks like any other online market.

“Criminals can easily browse and purchase stolen credit card information as if they were shopping on any mainstream e-commerce site. A study of the online card market site SWIPED found that the most active card supplier is a criminal individual called ‘Rescator,’ who uploaded details of over 5 million cards to the online marketplace,” the report explains.

According to Group-IB, in investigating a test sample of cards, it realized they had been stolen from retailer Target, which suffered one of the largest data breaches yet last year. In total, Group-IB estimates the value of the stolen carding market to be worth approximately $680,000,000.

High Tech Crime Solutions