Treasury sanctions cybercrime marketplace Genesis Market
Summary
Genesis Market was a sophisticated marketplace that was stocked with stolen digital identities, allowing bad actors to impersonate customers at companies such as Amazon, Coinbase or Fidelity. The market capitalizes on malware-infected computer systems to compile stolen private data, such as mobile device identifiers, email addresses, usernames and passwords to sell to cybercriminals, according to Treasury. "The United States, along with our international partners, will not allow illicit marketplaces to operate with impunity," Brian E. Nelson, undersecretary of the Treasury for Terrorism and Financial Intelligence, said in a release. "Treasury will continue to work closely with our law enforcement colleagues to disrupt this activity and hold malign cyber actors accountable." The action was taken in partnership with the Justice Department and a dozen other countries that are taking law enforcement proceedings against Genesis and seizing website domains tied to the market.