Monthly Archives: June 2013

The Value of a Hacked Email Account

June 10, 2013

One of the most-viewed stories on this site is a blog post+graphic that I put together last year to illustrate the ways that bad guys can monetize hacked computers. But just as folks who don’t bank online or store sensitive data on their PCs often have trouble understanding why someone would want to hack into their systems, many people do not fully realize how much they have invested in their email accounts until those accounts are in the hands of cyber thieves.

Vrublevsky Arrested for Witness Intimidation

June 5, 2013

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Pavel Vrublevsky, the owner of Russian payments firm ChronoPay and the subject of an upcoming book by this author, was arrested today in Moscow for witness intimidation in his ongoing trial for allegedly hiring hackers to attack against Assist, a top ChronoPay competitor.

FDIC: 2011 FIS Breach Worse Than Reported

June 4, 2013

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A 2011 hacker break-in at banking industry behemoth Fidelity National Information Services (FIS) was far more extensive and serious than the company disclosed in public reports, banking regulators warned FIS customers last month. The disclosure highlights a shocking lack of basic security protections throughout one of the nation’s largest financial services providers.

Cashout Service for Ransomware Scammers

June 3, 2013

32 Comments

There are 1,001 ways to swindle people online, but the hardest part for crooks is converting those ill-gotten gains into cash. A new service catering to purveyors of ransomware — malware that hijacks PCs until victims pay a ransom – levees a hefty fee for laundering funds from these scams, and it does so by abusing a legitimate Web site that allows betting on dog and horse races in the United States.