Monthly Archives: May 2013

Underweb Payments, Post-Liberty Reserve

May 30, 2013

Following the U.S. government’s seizure this week of virtual currency Liberty Reserve, denizens of the cybercrime underground collectively have been progressing through the classic stages of grief, from denial to anger and bargaining, and now grudging acceptance that any funds they had stashed in the e-currency system are likely gone forever. Over the past few days, the top discussion on many cybercrime forums has been which virtual currency will be the safest bet going forward?

U.S. Government Seizes LibertyReserve.com

May 28, 2013

315 Comments

U.S. federal law enforcement agencies on Tuesday announced the closure and seizure of Liberty Reserve, an online, virtual currency that the U.S. government alleges acted as “a financial hub of the cyber-crime world” and processed more more than $6 billion in criminal proceeds over the past seven years.

Reports: Liberty Reserve Founder Arrested, Site Shuttered

May 25, 2013

416 Comments

The founder of Liberty Reserve, a digital currency that has evolved as perhaps the most popular form of payment in the cybercrime underground, was reportedly arrested in Spain this week on suspicion of money laundering. News of the law enforcement action may help explain an ongoing three-day outage at libertyreserve.com: On Friday, the domain registration records for that site and for several other digital currency exchanges began pointing to Shadowserver.org, a volunteer organization dedicated to combating global computer crime.

Skype Beta Plugs IP Resolver Privacy Leak

May 24, 2013

30 Comments

A few months ago, I warned readers that a glaring privacy weakness in voice-over-IP telephony service Skype allows anyone using the network to quickly learn the Internet address of any other Skype user. A new beta version of the popular Microsoft program appears to have nixed that privacy leak with a setting that restricts this capability to connections in your Skype contacts only.

NC Fuel Distributor Hit by $800,000 Cyberheist

May 23, 2013

50 Comments

A fuel distribution firm in North Carolina lost more than $800,000 in a cyberheist this month. Had the victim company or its bank detected the unauthorized activity sooner, the loss would have been far less. But both parties failed to notice the attackers coming and going for five days before being notified by a reporter.

Krebs, KrebsOnSecurity, As Malware Memes

May 22, 2013

43 Comments

Hardly a week goes by when I don’t hear from some malware researcher or reader who’s discovered what appears to be a new sample of malicious software or nasty link that invokes this author’s name or the name of this blog. I’ve compiled this post to document a few of these examples, some of which are quite funny.

Conversations with a Bulletproof Hoster

May 20, 2013

48 Comments

Criminal commerce on the Internet would mostly grind to a halt were it not for the protection offered by so-called “bulletproof hosting” providers — the online equivalent of offshore havens where shady dealings go ignored. Last month I had an opportunity to interview a provider of bulletproof services for one of the Web’s most notorious cybercrime forums, and who appears to have been at least partly responsible for launching what’s been called the largest cyber attack the Internet has ever seen.

Ragebooter: ‘Legit’ DDoS Service, or Fed Backdoor?

May 16, 2013

62 Comments

On Monday, I profiled asylumbooter.com, one of several increasingly public DDoS-for-hire services posing as Web site “stress testing” services. Today, we’ll look at ragebooter.net, yet another attack service except for one secret feature which sets it apart from the competition: According the site’s proprietor, ragebooter.net includes a hidden backdoor that lets the FBI monitor customer activity.

Microsoft, Adobe Push Critical Security Updates

May 14, 2013

27 Comments

Microsoft and Adobe today each released updates to fix critical security holes in their software. Microsoft’s patch batch tackles at least 33 vulnerabilities in Windows and other products, including a fix for a zero-day vulnerability in Internet Explorer 8 that attackers have been exploiting. Separately, Adobe pushed security updates for Flash Player, Adobe Reader, Acrobat and Adobe AIR.

DDoS Services Advertise Openly, Take PayPal

May 13, 2013

36 Comments

The past few years have brought a proliferation of online services that can be hired to knock Web sites and individual Internet users offline. Once only found advertised in shadowy underground forums, many of today’s so-called “booter” or “stresser” services are operated by U.S. citizens who openly advertise their services while hiding behind legally dubious disclaimers. Oh, and they nearly all rely on Paypal to receive payments.