Identity Theft 2.0 – Evolution Tor Platform
Launched in 2014, the anonymous black market bazaar Evolution has grown dramatically, nearly tripling its sales listings in just the last five months. It is not like silk road. Taking over most online drug trade and about 10 percent of Evolution’s products are stolen credit card numbers and credentials for hacked online accounts. Regarding credit cards, that development represents an unsavory departure from the Silk Road’s rule that only “victimless” contraband could be sold. Through its anonymous black market—a sign that the traditional cyber-criminal underground now sees an opportunity to merge its identity theft business with the widening online trade in narcotics.
Unlike other drug markets, however, the 4 percent commission on every purchase made on Evolution helps finance a major player in the identity theft industry. Evolution shares at least one founder—who goes by the name Verto—with another site known as the Tor Carding Forum, or TCF. That older site, a private forum that charges $50 to join, has long maintained a brisk trade in stolen financial details. As with Verto’s older Tor Carding Forum, it declares open season on victims of identity theft.
Like the Silk Road, Evolution accepts only bitcoins and runs on the anonymity software Tor to prevent its users or itself from being tracked by law enforcement. But it also implements a bitcoin feature called “multi-signature transactions.” Scamming is much harder and coin stealing or law enforcement is prevented. Researchers points to Tor-hidden sites with assassination offers. After credit card fraud, what’s the next thing?” [Wired]
Why privacy matters? Because identity theft is a walk in the park if it is not uphold. Is it time?
Well, read the above and you notice that identity theft has just gotten even more professional.
We better do our homework at the prevention side.