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Learning More About the Underground Economy: A Case-Study of Keyloggers and Dropzones

 
 
 
 
 
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Abstract: We study an active underground economy that trades stolen digital credentials.We present a method
with which it is possible to directly analyze the amount of data harvested through these types of attacks
in a highly automated fashion. We exemplify this method by applying it to keylogger-based stealing
of credentials via dropzones, anonymous collection points of illicitly collected data. Based on the col-
lected data from more than 70 dropzones, we present the first empirical study of this phenomenon,
giving many first-hand details about the attacks that were observed during a seven-month period be-
tween April and October 2008. This helps us better understand the nature and size of these quickly
emerging underground marketplaces.

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12/19/2008

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