June 14, 2022

Federal Agencies Shutdown SSNDOB Marketplace

Industry: N/A | Level: Strategic | Source: Justice.Gov

Cybercrime marketplace, SSNDOB known for the sale of stolen personal information and notably social security numbers was shut down on June 7th, 2022, the Justice Department, IRS, and FBI working in coordination with Cyprus and Latvia’s federal agencies. Cybercriminals have conducted numerous transactions on the SSNDOB Marketplace generating over $19 million in sales revenue. An excess of information can be found in the marketplace as data belonging to over 24 million people living in the U.S was available. The site administrators operating the marketplace were proficient in the site’s operation, carrying out advertisements on criminal forums, providing customer support functions, and using techniques to anonymize activities and transactions. With the volume of personal information on the sale, and traffic generated on the site, the shutdown of the marketplace is a step to prevent identity fraud. As stated by IRS agent, Darrell Waldon, “Identity theft can have a devastating impact on a victim’s long-term emotional and financial health. Taking down the SSNDOB website disrupted ID theft criminals and helped millions of Americans whose personal information was compromised.”