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Shedding light on the dark web

Too many companies, including law firms, don’t concern themselves with the murky depths of the web. That’s a mistake that can prove costly, says Adam H Bloomenstein

22 August 2017

The dark web and online criminal activity are inexorably linked, but many organisations have little or no idea about this shadowy place on the internet. Companies have been slow to grasp the impact the dark web is having on business, leaving many exposed to potential major disruptions of their operations.

Essentially the dark web is a private part of the internet that uses encryption tools to allow users to move and conduct business anonymously. Ransomware is freely available and bitcoin is the main currency of this network of hidden websites. Of course, ransomware is a major accessory to cyber fraud, which has cost UK businesses more than £1bn in the past year, according to figures released by Get Safe Online and national fraud and cyber crime reporting centre Action Fraud.

According to Hazelwoods, a leading firm of tax advisers and charte...

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