How one of the world’s biggest criminal marketplaces was shut down

One of the world’s biggest online criminal marketplaces — where stolen passwords can be purchased for as little as $1 — has been shut down in a global crackdown.

Australian Federal Police worked with 17 law enforcement agencies as part of the global sting to shut down ‘Genesis Market’, which served as a digital shopping centre for fraudsters, selling stolen login details and other data.

Director of Cyber Intelligence at CyberCX says the bust is “months in the making”.

Press PLAY below to hear how the multinational sting shut down the massive criminal marketplace

“It is a very coordinated multinational but also multi-pronged approach to take this marketplace down,” she told Jacqui Felgate and Jimmy Bartel, filling in for Ross and Russel.

Investigators found 36,000 stolen Australian logins available for sale on Genesis Market.

Several Australians have been charged after allegedly purchasing information from the marketplace.