According to a recent press release, “Resecurity today announced that its six-year effort to create the first comprehensive index of the dark web is on track for completion by 2020. The project, which began in stealth mode in 2014 and dives deeper into the hidden recesses of the internet than any previous undertaking, is expected to yield multiple petabytes of data that law enforcement agencies and cybersecurity clients can use to thwart cybercrime and investigate threat actors. The dark web — those trackless parts of the internet that traditional search engines do not index and where individuals mask their identities through powerful anonymization tools — is home to innumerable hidden marketplaces, communities, groups and forums used to traffic in illegal goods and services — from child pornography, drugs and weapons to tools for malware and ransomware distribution, even stolen data that can affect national security.”

The release goes on, “The consequences of cybercrime originating from the dark web impact nearly every industry and cost the global economy as much as $600 billion — about 0.8 percent of global GDP. Security industry experts project that companies around the world could incur costs and lost revenue amounting to more than $5 trillion over the next five years due to cyberattacks. ‘By definition,’ said Gene Yoo, chief executive officer of Resecurity, ‘the dark web is a completely uncontrolled and unregulated cross-border ecosystem. It poses a problem whose scale is growing rapidly due to cross-border legislation as well as technical barriers affecting law enforcement. This gives cybercriminals enough freedom to perform illegal activities in cyberspace that affect all elements of our society’.”

Read more at Business Wire.

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