Monthly Archives: August 2015

FBI: $1.2B Lost to Business Email Scams

August 27, 2015

The FBI today warned about a significant spike in victims and dollar losses stemming from an increasingly common scam in which crooks spoof communications from executives at the victim firm in a bid to initiate unauthorized international wire transfers. According to the FBI, thieves stole nearly $750 million in such scams from more than 7,000 victim companies in the U.S. between October 2013 and August 2015.

Who Hacked Ashley Madison?

August 26, 2015

AshleyMadison.com, a site that helps married people cheat and whose slogan is “Life is Short, have an Affair,” recently put up a half million (Canadian) dollar bounty for information leading to the arrest and prosecution of the Impact Team, the name chosen by the hacker(s) who released data on more than 30 million Ashley Madison users. Here is the first of likely several posts examining individuals who appear to be closely connected to this attack.

AshleyMadison: $500K Bounty for Hackers

August 24, 2015

AshleyMadison.com, an online cheating service whose motto is “Life is Short, Have an Affair,” is offering a $500,000 reward for information leading to the arrest and prosecution of the individual or group of people responsible for leaking the highly personal information on the company’s more than 30 million users.

Extortionists Target Ashley Madison Users

August 21, 2015

People who cheat on their partners are always open to extortion by the parties involved. But when the personal details of millions of cheaters get posted online for anyone to download — as is the case with the recent hack of infidelity hookup site AshleyMadison.com — random blackmailers are bound to pounce on the opportunity.

Street Gangs, Tax Fraud and ‘Drop Hoes’

August 20, 2015

Authorities across the United States this week arrested dozens of gang members who stand accused of making millions of dollars stealing consumer identities in order to file fraudulent tax refund requests with the Internal Revenue Service (IRS). The arrests highlight the dramatic shift in gang activity in recent years from high-risk drug dealing to identity fraud — a far less risky yet equally lucrative crime.

Was the Ashley Madison Database Leaked?

August 18, 2015

Many news sites and blogs are reporting that the data stolen last month from 37 million users of AshleyMadison.com — a site that facilitates cheating and extramarital affairs — has finally been posted online for the world to see. In the past 48 hours, several huge dumps of data claiming to be the actual AshleyMadison database have turned up online. But there are precious few details in them that would allow one to verify these claims, and the company itself says it so far sees no indication that the files are legitimate.

How Not to Start an Encryption Company

August 18, 2015

Probably the quickest way for a security company to prompt an overwhelmingly hostile response from the security research community is to claim that its products and services are “unbreakable” by hackers. The second-fastest way to achieve that outcome is to have that statement come from an encryption company CEO who served several years in federal prison for running a $210 million Ponzi scheme. Here’s the story of a company that managed to accomplish both at the same time and is now trying to learn from (and survive) the experience.