"When you visit a Genesis Market, you can search for the target that you're wanting to get. Chase, Bank of America, Google, Walmart .... you can search for the target. It will deliver the bots that are accessing credentials for that target… So I buy the bot, and the bot delivers everything that I need," Johnson added.
It's likely not too difficult for Johnson to get inside the mindset of a cybercriminal. In 2005, he was arrested for internet fraud and agreed to work with the Secret Service as an informant. During his time working for the Secret Service, Johnson continued to break the law, committing identity theft online and stealing thousands of dollars before getting caught and arrested again.
"I finally served out my time, and I'm given the opportunity of turning my life around, which I took, thankfully," Johnson said.
Insider confirmed Johnson's criminal history using court documents and contemporaneous news reports.
Johnson also said he thinks an economic downturn will lead to an uptick in online financial crime.
"You've got a lot of people out there that would never think of breaking the law, but now because the economy is going south, they're sitting there thinking, 'well, how do I pay my home payment, my car payment, and put food on the table'.... Those people who usually wouldn't break the law, they're now adopting that attitude of 'I'm going to do what I have to do to support my family,'" Johnson warned.
Cybercrime has been on the rise, especially when it comes to cryptocurrencies. Last month, hackers
reportedly stole more than $190 million from crypto firm Nomad. A r
ecent report by Chainanalysis estimates that the amount of money stolen in cryptocurrency heists is up 60% this year.
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