Author Archives: BrianKrebs

Bitcoin Blackmail by Snail Mail Preys on Those with Guilty Conscience

January 11, 2018

KrebsOnSecurity heard from a reader whose friend recently received a remarkably customized extortion letter via snail mail that threatened to tell the recipient’s wife about his supposed extramarital affairs unless he paid $3,600 in bitcoin. The friend said he had nothing to hide and suspects this is part of a random but well-crafted campaign to prey on men who may have a guilty conscience.

Website Glitch Let Me Overstock My Coinbase

January 9, 2018

Overstock.com (NASDAQ:OSTK) just fixed a serious glitch in the Coinbase bitcoin payment section of its site that allowed customers to buy any item at a tiny fraction of the listed price. Potentially more punishing, the flaw let anyone paying with bitcoin reap many times the authorized bitcoin refund amount on any canceled orders.

Serial Swatter “SWAuTistic” Bragged He Hit 100 Schools, 10 Homes

January 2, 2018

The individual who allegedly made a fake emergency call to Kansas police last week that summoned them to shoot and kill an unarmed local man has claimed credit for raising dozens of these dangerous false alarms — calling in bogus hostage situations and bomb threats at roughly 100 schools and at least 10 residences.

Kansas Man Killed In ‘SWATting’ Attack

December 29, 2017

A 28-year-old Kansas man was shot and killed by police officers on the evening of Dec. 28 after someone fraudulently reported a hostage situation ongoing at his home. The false report was the latest in a dangerous hoax known as “swatting,” wherein the perpetrator falsely reports a dangerous situation at an address with the goal of prompting authorities to respond to that address with deadly force. This particular swatting reportedly originated over a $1.50 wagered match in the online game Call of Duty. Compounding the tragedy is that the man killed was an innocent party who had no part in the dispute.

The following is an analysis of what is known so far about the incident, as well as a brief interview with the alleged and self-professed perpetrator of this crime.

Happy 8th Birthday, KrebsOnSecurity!

December 29, 2017

Eight years ago today I set aside my Washington Post press badge and became an independent here at KrebsOnSecurity.com. What a wild ride it has been. Thank you all, Dear Readers, for sticking with me and for helping to build a terrific community.

4 Years After Target, the Little Guy is the Target

December 28, 2017

Dec. 18 marked the fourth anniversary of this site breaking the news about a breach at Target involving some 40 million customer credit and debit cards. It has been fascinating in the years since that epic intrusion to see how organized cyber thieves have shifted from targeting big box retailers to hacking a broad swath of small to mid-sized merchants that accept credit cards.

Skyrocketing Bitcoin Fees Hit Carders in Wallet

December 26, 2017

Critics of unregulated virtual currencies like Bitcoin have long argued that the core utility of these payment systems lies in facilitating illicit commerce, such as buying drugs or stolen credit cards and identities. But recent spikes in the price of Bitcoin — and the fees associated with moving funds into and out of it — have conspired to make Bitcoin a less useful and desirable payment method for many crooks engaged in these activities.

U.K. Man Avoids Jail Time in vDOS Case

December 21, 2017

A U.K. man who pleaded guilty to launching more than 2,000 cyberattacks against some of the world’s largest companies has avoided jail time for his role in the attacks. The judge in the case reportedly was moved by pleas for leniency that cited the man’s youth at the time of the attacks and a diagnosis of autism.