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Dark Web Economy: Buzzwords or Unique Ecosystem?

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Dark Web Economy: Buzzwords or Unique Ecosystem?

Darknet, criminal activity, intelligence operations, tech companies that operate in the dark web and the legal aspects of the dark web operation were a few of the topics discussed in the Dark Web Economy conference held Wednesday in Tel Aviv by Herzog Fox & Neeman and Herzog Strategic, in partnership with CTech by Calcalist.

Is the dark web only a buzzword? Or is it a way of thinking with unique language and terminology? This is just one of the questions that came up at the Dark-Web Economy conference held Wednesday in Tel Aviv by Herzog Fox & Neeman and Herzog Strategic, in partnership with CTech by Calcalist held last week in Tel Aviv.

At the event, topics including the dark web, criminal activity, intelligence operations, the technology companies that operate in the dark web, and the legal aspects of dark web operations, were raised by Nimrod Kozlovski, a partner at Israel-based law firm Herzog Fox Neeman and lecturer at Tel Aviv University. “Dark Web is continuing to grow in importance for criminal activity. It became the central marketplace for selling stolen info and stolen products and in addition to trading hacking tools,” he said.

According to Yitzhak Vager, VP of product, management, and business development at Verint Cyber Security Solutions, “sensitive organizations nowadays have to be more proactive and understand that it’s not enough to defend their own to decrease their risk,” adding that “what we do is that we collect intelligence outside of the organizations, from different sources, from the open web, from the deep web, and the dark web, and taking that info can be used to refine threat hunting within the organizations, and look for specific attacks.”

Menny Barzillay, partner and head of cyber at Herzog Strategic, said that “like any other industry, the crime industry is looking to innovate and improve its business models and its ways to conduct a crime. Bitcoin solved the biggest problem that criminals had, which was how to monetize crime in a secure way for them. Bitcoin is like cash that you can send over the internet, and this is one of the strongest drivers for crime today.”

Itai Yonat, founder and CEO of cybersecurity startup Intercept 9500, presented a different and slightly cynical opinion, saying that the dark web is just a buzzword, and it is one of many platforms for internet criminals.


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