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Another Win for Justice Department: Slilpp Marketplace Takedown

People always ask me if law enforcement is having any luck in combatting cybercriminals. Let me be clear: it is a very tough job to take down cybercriminals located in other countries or sponsored by foreign nations. Our government is focusing on cybercriminals more than I have ever seen before, and the effort is promising.

Not only did the Department of Justice (DOJ) lead an effort to recoup ransomware paid by Colonial Pipeline, but it also just took down (I love that term), with the help of international law enforcement, an online marketplace, Slilpp, that was selling stolen login credentials for banking and online payment platforms.

An unsealed affidavit for a warrant requested by the DOJ states that victims have reported over $200 million in losses in the U.S. The Slilpp marketplace sold login credentials for more than 1,400 account providers before law enforcement took them down.

According to the DOJ: “[W]ith today’s coordinated disruption of the Slilpp marketplace, the FBI and our international partners sent a clear message to those who, as alleged, would steal and traffic in stolen identities: we will not allow cyber threats to go unchecked…. We applaud the efforts of the FBI and our international partners who contributed to the effort to mitigate this global threat.”

The FBI and DOJ are tirelessly chasing cybercriminals and their efforts are paying off for all of us. They deserve huge credit for their persistence and efforts.

Copyright © 2021 Robinson & Cole LLP. All rights reserved.National Law Review, Volume XI, Number 168
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About this Author

Linn F. Freedman, Robinson Cole Law Firm, Cybersecurity and Litigation Law Attorney, Providence
Partner

Linn Freedman practices in data privacy and security law, cybersecurity, and complex litigation. She provides guidance on data privacy and cybersecurity compliance to a full range of public and private clients across all industries, such as construction, education, health care, insurance, manufacturing, real estate, utilities and critical infrastructure, marine, and charitable organizations. Linn is a member of the firm's Business Litigation Group and chairs its Data Privacy + Cybersecurity Team. She is also a member of the Financial Services Cyber-Compliance Team (CyFi ...

401-709-3353
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