Feds Shut Down RaidForums Hacking Marketplace
The DoJ is charging its founder, 21-year-old Portuguese citizen Diogo Santos Coelho, on six criminal counts, including conspiracy, access device fraud and aggravated identity theft.
Identity theft occurs when stolen personal data is used to impersonate someone, access accounts, commit fraud, or bypass security controls.
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Identity theft is the unauthorized use of another person’s personal information or account credentials to impersonate them or obtain money, services, or access. Stolen names, government identifiers, payment details, passwords, and authentication tokens can support account takeover, fraudulent purchases, new-account applications, or synthetic identities assembled from real and fabricated data. Information may be obtained through phishing, infostealer malware, social engineering, SIM swapping, or exposed databases.
For security teams, the key concerns are limiting exposure of personal data and detecting misuse after credentials or identifiers are compromised. Useful controls include data minimization, strong access controls and encryption, phishing-resistant multifactor authentication, rapid password and session revocation, and monitoring for unusual logins, account changes, or applications. When theft is suspected, incident response should determine which identities and data were affected, contain active access, preserve evidence, and provide appropriate notifications or fraud-protection guidance. Privacy and breach-reporting obligations may apply depending on the data and jurisdiction.
The DoJ is charging its founder, 21-year-old Portuguese citizen Diogo Santos Coelho, on six criminal counts, including conspiracy, access device fraud and aggravated identity theft.
The U.S. Department of Justice (DOJ) said today it seized the website and user database for RaidForums, an extremely popular English-language cybercrime forum that sold access to more than 10 billion consumer records stolen in some of the world's largest data breaches since 2015. The DOJ also charged the alleged administrator of RaidForums -- 21-year-old Diogo Santos Coelho, of Portugal -- with six criminal counts, including conspiracy, access device fraud and aggravated identity theft.