January 25, 2022

IPV4 Heist: How To Prevent IPv4 Thefts?

IPv4 addresses are becoming more and more valuable daily. This is especially true as these addresses have been exhausted by the Regional Internet Registries. And also because, IPv6 has not been implemented properly. As Ipv4 is a commodity of incremental value, it is vulnerable to thefts. Moreover, as it is a virtual commodity, IPv4 thefts are on the rise. Existing IP addresses are not stolen, but IPv4 theft comprises the illegal allocation of available IP address pools. In addition, many scammers make use of dormant IPv4 addresses to launch spam attacks on unsuspecting users.

The fifty million USD AFRINIC hack is a classic example of IPv4 theft. It also had a very negative impact on the complete IPv4 market. After an investigation that lasted for about three years, what was found is this. The heist involved a scandalous insider who siphoned IPv4 addresses that were dormant. And they illegally allocated them to online marketers via dummy companies. The legitimate sales of IP addresses could fetch the person 15 to 25 dollars per IP address. But, the black market demand for IP addresses was much more tempting for the person. As he will have an earning of fifty million dollars.

Scams and thefts are difficult to trace. But, IPv4 brokers and regional internet registries are now better prepared to face situations like this. Moreover, an improved IPv4 buyers seller awareness has contributed much to ensure the safety of IPv4 transactions.

How To Prevent IPv4 Thefts?

The most important measure to prevent IPv4 thefts is to make use of the latest security measures.  Next, operate in a transaction environment that is technologically inert. In addition to using VPN-based transactions and security-based protocols, it is important to use multi-factor authentication. Also use improved methods to verify identity. Implementing firewalls, DDos based mitigation, and fast detection of cyberattacks are additional infrastructures for ensuring security.

The seller and buyer need to ensure that every step of the IPv4 transaction is verifiable and traceable. This can ensure individual accountability. Additionally all the parties taking part in the transaction will know when a lapse occurs. IPv4 brokers, sellers, and buyers can use immutable structures that are capable of revealing suspicious interactions quickly.

Lastly, the roles and liabilities of each of the participants should be mentioned in the policy. This is to have a strong legal basis. And to hold the party who was the custodian of the asset at the time of the theft responsible for damage control.

Want some help with IPv4 transactions?. Be it buying one or selling one?. IPv4Mall can help. Contact us today. You can send us and email. Give us a call or chat with us.