International AntiCounterfeiting Coalition

JPMorgan Hackers Breached Anti-Fraud Vendor G2 Web Services

November 13, 2015

Buried in the federal indictments unsealed this week against four men accused of stealing tens of millions of consumer records from JPMorgan Chase and other brokerage firms are a series of other unnamed companies that were similarly victimized by the accused. One of them, identified in the indictments only as “Victim #12,” is an entity that helps banks block transactions for dodgy goods advertised in spam. Turns out, the hackers targeted this company so that they could better push through payments for spam-advertised prescription drugs and fake antivirus schemes.

According to multiple sources, Victim #12 is none other than Bellevue, Wash. based G2 Web Services LLC, a company that helps banks figure out if a website is fraudulent or is selling contraband. G2 Web Services did not respond to multiple requests for comment.

Rogue Pharma, Fake AV Vendors Feel Credit Card Crunch

October 18, 2012

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New research suggests that companies behind some of America’s best known consumer brands may be far more effective at fighting cybercrime than any efforts to enact more stringent computer security and anti-piracy laws.

Recent legislative proposals in the United States — such as the Stop Online Piracy Act — have sought to combat online trafficking in copyrighted intellectual property and counterfeit goods by granting Internet service providers and authorities broader powers to prosecute offenders, and by imposing stronger criminal penalties for such activity. But recent data collected by academic researchers suggests that brand holders already have the tools to quash much of this activity.