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Global Law Enforcement Operation Shutters Genesis Market, a Leading Online Market Dealing in Criminality

Genesis Market, an online-fraud-facilitation website and marketplace, has today been closed by an international joint effort coordinated by various police forces. Law enforcement agencies around the world took part in synchronized raids, including at locations in the UK and USA. 208 searches have been carried out, beginning at dawn on Tuesday 4 April, and a total of 119 suspected individuals have been arrested. This operation was spearheaded by the FBI in the US and the Dutch National Police. Consequently, users of the genesis.market website have been greeted with a boastful message and infographic on the home and login pages: "Operation Cookie Monster. This website has been seized."

Sophos, a leading software and hardware security vendor, has previously identified genesis.market as: "an invitation-only marketplace" from which buyers can acquire stolen credentials, cookies, and digital fingerprints that are gathered from compromised systems." According to the company's research, the illegal marketplace was also identified as an Initial Access Broker (IAB) - a business that compromises systems and services, steals data, and sells it. Genesis Market has special engagement capabilities in the field of illegally acquiring "credentials, cookies, and digital fingerprints". This stolen data was often sold on under individual lots, but the site also offered a longer term supply of data packages via a subscription service. This would offer the customer an up-to-date information trail, be it the tracking of an individual person or a collective.

NVIDIA Ramps Up Battle Against Makers of Unlicensed GeForce Cards

NVIDIA is stepping up to manufacturers of counterfeit graphics card in China according to an article published by MyDrivers - the hardware giant is partnering up with a number of the nation's major e-commerce companies in order to eliminate inventories of bogus GPUs. It is claimed that these online retail platforms, including JD.com and Douyin, are partway into removing a swathe of dodgy stock from their listings. NVIDIA is seeking to disassociate itself from the pool of unlicensed hardware and the brands responsible for flooding the domestic and foreign markets with so-called fake graphics cards. The company is reputed to be puzzled about the murky origins of this bootlegging of their patented designs.

The market became saturated with fake hardware during the Ethereum mining boom - little known cottage companies such as 51RSIC, Corn, Bingying and JieShuoMllse were pushing rebadged cheap OEM cards to domestic e-tail sites. The knock-off GPUs also crept outside of that sector, and import listings started to appear on international platforms including Ebay, AliExpress, Amazon and Newegg. NVIDIA is also fighting to stop the sale of refurbished cards - these are very likely to have been utilized in intensive cryptocurrency mining activities. A flood of these hit the market following an extreme downturn in crypto mining efforts, and many enthusiast communities have warned against acquiring pre-owned cards due to the high risk of component failure.
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May 14th, 2024 08:36 EDT change timezone

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