Justice Department seizes major cybercrime spot RaidForums

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Apr 12, 2022 | CYBERSCOOP

The Department of Justice seized popular online cybercriminal marketplace RaidForums, according to recently unsealed criminal charges against the website’s founder, Diogo Santos Coelho.

The takedown is the latest massive sweep by the U.S. government and international law enforcement partners of online marketplaces where hackers buy and sell data. RaidForums boasted at one point of having close to 10 billion pieces of personally identifiable information for sale, making it one of the biggest destinations for cybercriminals.

According to the affidavit filed by law enforcement, RaidForums operated from around 2016 through Feb. 22 of this year as a massive online marketplace for individuals to buy and sell hacked and stolen data, including sensitive personal and financial information from victims in the United States. Among those sales included leaked data from 178 million Facebook users.

“The takedown of this online market for the resale of hacked or stolen data disrupts one of the major ways cybercriminals profit from the large-scale theft of sensitive personal and financial information,” said Assistant Attorney General Kenneth A. Polite Jr. of the Justice Department’s Criminal Division.

According to court documents, as a part of the investigation,

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