Why Facebook Was Down. Exit Scams and Cyber Crime.

Cyber Crime Junkies

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We discuss the recent Facebook outage and explores possible causes, including technical issues and DDoS attacks. The conversation then delves into the importance of reputation for cybercrime gangs and the impact of law enforcement on disrupting their operations.
The focus shifts to the exit scam of Black Hat and AlphaV, two prominent cybercrime gangs, and the risks associated with paying ransomware gangs. The episode concludes by highlighting the prevalence of exit scams in the cybercrime community and the connection between reputation damage and the Facebook outage.
Takeaways

• The Facebook outage could have been caused by a technical issue or a DDoS attack, and the involvement of a cybercrime gang would be significant if they claim responsibility.
• Reputation is crucial for cybercrime gangs as it establishes their credibility and influences their ability to extort money from victims.
• Law enforcement efforts can disrupt cybercrime gangs and damage their reputation, as seen in the takedown of Black Hat and AlphaV.
• Paying ransomware gangs poses risks, including funding their criminal activities and attracting more attacks in the targeted industry.

Chapters

• 00:00 Introduction and Facebook Outage
• 02:10 Possible Causes of Facebook Outage
• 04:20 Importance of Reputation for Cybercrime Gangs
• 05:19 Disruption of Cybercrime Gangs
• 07:16 Black Hat and AlphaV Exit Scam
• 09:12 Risks of Paying Ransomware Gangs
• 13:18 Exit Scams in the Cybercrime Community
• 14:15 Black Hat and AlphaV's Exit Scam
• 22:09 Reputation Damage and Connection to Facebook Outage
• 24:02 Impact of Law Enforcement on Cybercrime Gangs
• 24:30 Importance of Reputation and Confidence in Cybercrime

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