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Cybercrime: Slilpp, the largest online marketplace of stolen login credential, has been closed

Slilpp, the largest online marketplace of stolen login credentials, has been closed

Slilpp, the largest online marketplace of stolen login credentials, has been closed in a multinational operation. It has been announced by the US Department of Justice (DoJ). It has involved the United States, Germany, the Netherlands, and Romania. According to the cybersecurity experts, since 2012 Slilpp has been selling stolen login credentials, including usernames and passwords for bank accounts, online payment accounts, mobile phone accounts, retailer accounts, and other online accounts. The marketplace allowed vendors to sell, and customers to buy, stolen login credentials by providing the forum and payment mechanism for such transactions. Slilpp buyers subsequently used those login credentials to conduct unauthorized cybercrime transactions (such as wire transfers) from the related accounts.

According the cybersecurity experts, stolen account login credentials for over 1,400 account providers were available for sale

To date, over a dozen individuals have been charged or arrested by U.S. law enforcement in connection with the Slilpp marketplace. According the cybersecurity experts, stolen account login credentials for over 1,400 account providers were available for sale. According to the affidavit, a fraction of the victimized account providers have calculated losses so far; based on limited existing victim reports, the stolen login credentials sold over Slilpp have been used to cause over $200 million in losses in the United States. The full impact of Slilpp cybercrime operation  is not yet known.

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