tagged w/ online fraud
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In the beginning of the year 2010 American government reported about catching 17-year old fraud who managed to steal $1 million. Cole Bartimoro from California posted on his website and several forums message in which he promised potential investors income up to 2500% from short-term investments. During one month he managed to receive money to his banking account in a Costa Rica bank. Thousands of people used various online payment systems including PayPal.
As soon as scammed investors found out a fraud, they brought a complaint to federal organs that found the banking account and businesslike teenager. The only thing that helped Cole to avoid imprisonment was his minority. Besides, he returned all the money he received. While Thomas Hauser will have to spend 12 years in prison for making fictitious sales on eBay and Yahoo! His 268 virtual deals resulted in more than $100,000.
There are special methods of fraud protection, that every customer who uses Internet should know in order to avoid scam. You can read about them here: http://goarticles.com/article/How-to-report-fraud/5133574/In the beginning of the year 2010 American government reported about catching 17-year... more
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E-Mails Containing Malware Sent to Businesses Concerning Their Online Job Postings
01/19/2011—Recent FBI analysis reveals that cyber criminals engaging in ACH/wire transfer fraud have targeted businesses by responding via e-mail to employment opportunities posted online.
Recently, more than $150,000 was stolen from a U.S. business via unauthorized wire transfer as a result of an e-mail the business received that contained malware. The malware was embedded in an e-mail response to a job posting the business placed on an employment website and allowed the attacker to obtain the online banking credentials of the person who was authorized to conduct financial transactions within the company. The malicious actor changed the account settings to allow the sending of wire transfers, one to the Ukraine and two to domestic accounts. The malware was identified as a Bredolab variant, svrwsc.exe. This malware was connected to the ZeuS/Zbot Trojan, which is commonly used by cyber criminals to defraud U.S. businesses.
http://ramanan50.wordpress.com/2011/04/10/new-e-scams-and-warnings-fbi/E-Mails Containing Malware Sent to Businesses Concerning Their Online Job Postings... more
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So you’re looking for lady love online. You’ve moved past the rookie bar scene and buying Jäger shots for an attractive woman, only to find yourself broke and holding her hair back while it all comes back up.So you’re looking for lady love online. You’ve moved past the rookie bar... more
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Has someone been putting strange substances in the drinking water at Gartner’s Greenwich, CT headquarters? Some of their analysts are beginning to sound like New Age gurus on a mission to bring peace, love and harmony to the corporate world. Consider these words of wisdom recently imparted by Gartner analysts to clients at an Orlando conference…
http://information-security-resources.com/2010/03/01/gartner-tells-cios-to-embrace-social-media/Has someone been putting strange substances in the drinking water at Gartner’s... more
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Once an agency crosses over into social media interactions with other agencies and non-governmental organizations, the guidance gets diluted. The guidelines point to five government agencies, none of which are the definitive resource for social media implementations. These guidelines are a must read for any organization that is considering a foray into the Web 2.0 sphere…
http://information-security-resources.com/2010/02/25/federal-guides-for-social-media-security-pii/Once an agency crosses over into social media interactions with other agencies and... more
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The sheer volume of potential targets coupled with the vast amounts of money to be made has captured the attention of the global criminal hacking community. Enterprise networks are becoming hardened and they are still vulnerable. We are fragmented and all over the place with an incredible array of interdependent technologies that are set up with convenience in mind and security second…
http://information-security-resources.com/2010/02/18/the-dismal-state-of-information-security/The sheer volume of potential targets coupled with the vast amounts of money to be... more
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Over a billion people visited social networking sites such as Facebook and Twitter last month so it’s not surprising that hackers have these sites in their cross-hairs. In fact, according to recent research from Breach Security Labs, social networks were the most targeted category in 2009, accounting for 19% of all malicious attacks last year. By using simple data encryption and password protection tools, you can ensure that your personal information and online identities remain secure and private…
http://information-security-resources.com/2010/02/14/how-to-protect-your-social-network-identity/Over a billion people visited social networking sites such as Facebook and Twitter... more
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So, if my PC is compromised because I don’t have adequate security and $800,000 goes missing from my account, whose fault is it? At first glance some may say the victims, others may say the banks. The fact that there are so many ways passwords can be compromised and accounts can be taken over, and banks know this, it should motivate banks to have redundant security in place. Hacks like this undermine people’s confidence in the system.
http://information-security-resources.com/2010/02/14/banks-fail-to-provide-effective-online-security/So, if my PC is compromised because I don’t have adequate security and $800,000... more
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Last year, 11.1 million U.S. adults were the victim of identity fraud — 4.8 percent of the population. That’s good for a 12 percent increase from 9.9 million the prior year, according to Javelin Strategy & Research, which released its annual identity fraud survey Feb. 9. Along with that increase, the total annual fraud amount in 2009 increased 12.5 percent, from $48 billion to $54 billion. At the same time, the average fraud resolution time fell from 30 hours in 2008 to 21 hours last year…
http://information-security-resources.com/2010/02/10/technology-is-helping-victims-and-fraudsters/Last year, 11.1 million U.S. adults were the victim of identity fraud — 4.8... more
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SQL injections have evolved in their purpose and sophistication. Originally meant as a tool to attack a merchant’s database and steal data. The attack was reconfigured last summer to install viruses on users’ computers that contain a remote control component. The bad guys are going after high-profile, high-volume websites, instead of going after the smaller websites, which are easier to inject code into…
http://information-security-resources.com/2010/02/09/targeted-sequel-injection-attacks-on-the-rise/SQL injections have evolved in their purpose and sophistication. Originally meant as a... more
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An important consideration with information security incidents is identifying if personally identifiable information - PII - is involved. If it is, then the privacy breach response team needs to be put into action to determine whether or not an actual privacy breach occurred. I’m always interested in hearing the challenges and unique situations they run across as they not only create their plans, but also for how they execute them. Here are three of these situations, often overlooked and not planned for, but experienced by organizations.
http://information-security-resources.com/2010/02/08/perplexities-of-enterprise-privacy-policies/An important consideration with information security incidents is identifying if... more
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Police believe they may have uncovered an international ATM “skimming” ring responsible for stealing money from hundreds of local accounts. It was not too long ago that I bought an ATM north of Boston from a dude named Bob at a bar and rolled it through the streets of Boston nabbing unsuspecting users who entered their debit cards and PINS. I performed this crazy stunt to demonstrate how easy it is and how vulnerable we are.
http://information-security-resources.com/2010/02/07/police-make-arrests-in-atm-skimming-ring/Police believe they may have uncovered an international ATM “skimming”... more
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Fraud as a service or FaaS for the acronym collectors, has been a topic of concern for security professionals since 2008. Gone are the days where the primary theft is being perpetrated by the sociopath lone-wolf in the basement. The major player is now organized crime, responsible for 70 percent of online fraud and billions in ill-gotten gains…
http://information-security-resources.com/2010/02/01/faas-the-emergence-of-fraud-as-a-service/Fraud as a service or FaaS for the acronym collectors, has been a topic of concern for... more
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Scammers will say and do anything to get a person to part with their money. At first they had a sob story that sounded like a legitimate issue, new housing, can’t have a pet. When posted in a classified ad, it looks legitimate. Then they involved a “shipping company” that was a front for the scam. Once the victims were asked to send money via Western Union, that should have been a red-flag.
http://information-security-resources.com/2010/02/01/pet-lovers-are-target-of-latest-online-scams/Scammers will say and do anything to get a person to part with their money. At first... more
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There needs to be a change to email security if we want to stop seeing high profile security breeches such as the ones that hit Hotmail and Google in 2009, and the America law firm Gipson Hoffman & Pancione more recently. The problem is, most email filtering systems will trust the email address and therefore allow it through.
http://information-security-resources.com/2010/01/31/behavioural-based-email-security-systems/There needs to be a change to email security if we want to stop seeing high profile... more
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