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„The invisible god“ amassed millions by selling confidential corporate data

A new report revealed, that a Kazakh hacker amassed a fortune of one million dollars by breaking into private networks and selling his data.

Investigators from the threat intelligence company, Group-IB, said the hacker, who operates under the pseudonym „Fxmsp“, began promoting his services through the darknet. Posting data for sale on hacking-related forums, offering valuable resources stolen from private corporate networks. Some of his clients have called him „The invisible god of networks.“

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Millions of dollars in profits for Fxmsp
According to the report, Fxmsp’s cyber-criminal business is of enormous magnitude. It reportedly accumulated $1.5 million in profits over three years after attacking 135 companies in 44 countries.

Fxmsp allegedly began promoting cryptojacking services through a Russian forum, selling data access to corporate networks. Their services allowed their buyers to mine crypto currencies using the computer’s stolen computing power, although it is not known whether these services were used to specifically mine Bitcoin (BTC).

The study revealed a number of cases in which the hacker managed to expand his attack capacity:

„During the time it was active on (deleted link), from early October 2017 to July 31, 2018, Fxmsp made access available to 51 companies in 21 countries. The cybercriminal shared the price in only 30% of the cases. At that time, after 9 months of activity, the average minimum price for all visible accesses announced was $268,000 (not including sales made through private messages)“.

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Was he really working alone?
Yelisey Boguslavskiy, director of security research at AdvIntel, believes that Fxmsp was not acting alone, but as part of a cyber-criminal team called „GPTitan“. This group consists of numerous hackers who access various financial environments to steal high-profile network data.

An article published by BleepingComputer, citing an independent source, claimed that „the invisible god of networks“ had spread to a team with an undetermined number of members.

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Dissolved alliances
Fxmsp is known to have worked with a sales manager operating under the pseudonym „Lampeduza“. However, Fxmsp disappeared from the forums in May 2019, effectively ending the relationship.

The report indicates that Fxmsp and Lampeduza may still be operating privately.

Cointelegraph recently reported that the total dollar amount transferred with Immediate Bitcoin on the dark web increased by 65% in the first quarter of 2020, despite a decrease in transactions during the same period in 2019.

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