Understanding Cyber Underground and Deep Web

Nikolay Danev, Founder of BitCrime, based in Sofia, Bulgaria participates in Risk Roundup with Jayshree Pandya to discuss “Cyber Underground and Deep Web”.

 

Overview

What is commonly known as the World Wide Web is categorically just the visible surface of network of connected computers. Beneath this visible surface of global network of connected computers is an enormous, and mostly unmapped network of connected computers called the Deep Web.

When we make an effort to identify, evaluate and understand the segment of the connected computers that is not indexed or mapped, and is not searchable by traditional search engines, many questions arise to its very existence.

  • Why is there a Deep Web?
  • What happens in Deep Web?
  • Who has presence in Deep Web?
  • What are the concerns?
  • Why are there concerns?

The questions and its answers points us to the biggest concern of Deep Web, which is perhaps its rapidly growing marketplaces. What happens in those marketplaces that is a cause of concern? It is important to identify, understand and evaluate that.

There is a growing concern that what happens in Deep Web, Deep Web forums, and Deep Web marketplaces has real-world implications for not only individuals, but entities across nations: its government, industries, organizations and academia (NGIOA) in cyberspace, geospace and space (CGS).

Why is that so?

Is it because most of the products and services that are commonly offered in the deep underground are not ethical and legal? May be!

While for criminals it answers a need of their CGS requirements in underground world, the many faces of complex CGS crimes that originates in Deep Web and because of Deep Web is becoming a cause of great concern to each and every one of us across nations.

The stolen data and information from Cyberspace, Geospace and Space; made possible through the Deep Web products and services further ends up in the deeper underground, known as Dark Web.

Criminals or wannabe criminals use the stolen data and information to not only monetize and further cause personal or professional distress, damage reputation, commit identity theft, conduct espionage and extortion, expose private information to the public, and compromise corporate or government accounts, and use them as gateway to breach confidential and private networks; but also to carry out political agenda, activism and more.

This growing agenda, propaganda and monetization of tradable goods and services in underground marketplaces is a cause of great concern and a critical risk facing individuals and entities across NGIOA.

There is a growing belief that in the coming years, the Deep Web is expected to be involved in a lot of social and economic developments that will be much more visible and valuable than it is today. As a result, making Deep Web secure is vital for each nation.

Irrespective of cyberspace, geospace and space, the role of Security professionals and community is and will be to strive to protect their clients’ security. So, when users, consumers, customers or clients, that is individuals or entities across nations: its government, industries, organizations and academia (NGIOA) get hit by malware because they used the Deep Web or because of a trade in Deep Web marketplaces, then security community need to create and provide solutions for such complex security problems. To be able to do that requires effective understanding of the Deep Web.

As the Cyber Underground, the Deep Web part of the global internet keeps growing rapidly, the battle of encryption, privacy and security is likely going to continue. The question is whether encryption will be effective and our battle for privacy and security will have any meaningful advances.

Since the Deep Web is expected to be involved in a lot of social and economic developments that will be vital in the coming years, from a security perspective, this is a critical risk that needs to be addressed and managed with caution.

Now is the time to understand Cyber Underground and Deep Web!


To watch or listen Nikolay Danev’s views on “Cyber Underground and Deep Web” please watch the video or hear the audio podcast

Risk Roundup: video/audio podcasts are available on Risk Group WebsiteYouTubeiTunesGoogle PlayStitcher RadioAndroid, and Risk Group Professional Social Media and Risk Group networks.


About the Guest

Nikolay Danev, is the Founder of BitCrime, and is based in Sofia, Bulgaria. Living in Sofia, Bulgaria, Nikolay has participated in many different start-ups and has worked as “risk analyst” in different companies, creating and maintaining their risk platforms. Nikolay has over 10 years of experience in the cyber security field and understands very well the importance of new technologies.

About the Host of Risk Roundup
Jayshree Pandya (née Bhatt) is a visionary leader, who is working passionately with imagination, insight and boldness to achieve “Global Peace through Risk Management”. It is her strong belief that collaboration between and across nations: its government, industries, organizations and academia (NGIOA) will be mutually beneficial to all—for not only in the identification and understanding of critical risks facing one nation, but also for managing the interconnected and interdependent risks facing all nations. She calls on nations to build a shared sense of identity and purpose, for how the NGIOA framework is structured will determine the survival and success of nations in the digital global age. She sees the big picture, thinks strategically and works with the power of intentionality and alignment for a higher purpose—for her eyes are not just on the near at hand but on the future of humanity!
At Risk Group, Jayshree is defining the language of risks and currently developing thought leadership, researching needed practices, tools, framework and systems to manage the “strategic and shared risks” facing nations in a “Global Age”. She believes that cyberspace cannot be secured if NGIOA works in silo within and across its geographical boundaries. As cyber-security requires an integrated NGIOA approach with a common language, she has recently launched “cyber-security risk research center” that will merge the boundaries of “geo-security, cyber-security and space-security”.
Previously, she launched and managed “Risk Management Matters”, an online risk journal and one of the first risk publications, publishing “Industry Risk Reports of Biotechnology, Energy, Healthcare, Nanotechnology, and Natural Disasters” over the course of five years. Jayshree’s inaugural book, “The Global Age: NGIOA @ Risk”, was published by Springer in 2012.

About Risk Roundup

“Risk Roundup” is an “integrated strategic security risk dialogue” for nations: its government,  industries, organizations and academia (NGIOA) in cyberspace, geospace and space (CGS).Risk Roundup is released in both audio and video format and is available for subscription at (Risk Group WebsiteiTunesGoogle PlayStitcher RadioAndroid, and Risk Group Professional Social Media).

About Risk Group
Risk Group believes that risk management, security and peace walk together hand in hand. Though security is related to management of threats and peace to the management of conflict, risk management is related to management of security vulnerabilities as well as management of conflict, and it is not possible to conceive any one of the three without the existence of the other two. All three concepts feed into each other. Risk Group believes that the security we build for ourselves is precarious and uncertain until it is secured for everyone across nations. Tradition becomes our security-so if we build a culture of managing risks effectively it will lead us to security and security will lead us to peace!

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