A Study of a Social Behavior inside the Online Black Markets

Illegal activities in cyberspace involving software vulnerabilities have resulted in tangible damage on computer-based environments. Lately, online black market sites for trading stolen goods, credentials, malware and exploit kits have been intensively examined. The market players are identifiably a group of loosely tied individuals but posses shared interests. However, their social behavior has only been discussed in a limited manner. This paper examines the arrangement of the market insiders´ social behavior that enables such forums to continue or discontinue their operation and become a meaningful threat to security. The results reveal that particular formal and informal regulations and procedures, forum lifecycle and common norms of black market participants contributing to keeping the markets running.