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.
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?
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.
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.
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.
A 24-year-old Algerian man arrested in Thailand earlier this year on suspicion of co-developing and selling the infamous SpyEye banking trojan was extradited this week to the United States, where he faces criminal charges for allegedly hijacking bank accounts at more than 200 financial institutions.
Many readers have been asking for an update on the “SWATting” incident at my home last month, in which someone claiming to be me called in a phony home invasion in progress at my address, prompting a heavily armed police response. There are two incremental developments on this story. The first is I’ve learned more about how the hoax was perpetrated. The second is that new evidence suggests that the same party or parties responsible also have been SWATting Hollywood celebrities and posting their personal information on site called exposed.re.
To say that there is a law enforcement manhunt on for the individuals responsible for posting credit report information on public figures and celebrities at the rogue site exposed.su would be a major understatement. I like to think that when that investigation is completed, some of the information I’ve helped to uncover about those affiliated with the site will come to light. For now, however, I’m content to retrace some of my footwork this past weekend that went into tracking individuals who may have been responsible for attacking my site and SWATing my home last Thursday.
Following the online publication of Social Security numbers and other sensitive data on high-profile Americans, the three major credit reporting bureaus say they’ve uncovered cases where hackers gained access to users’ information, Bloomberg reports. The disclosure, while probably discomforting for many, offers but a glimpse of the sensitive data available to denizens of the cybercrime underworld, which hosts several storefronts that sell cheap, illegal access to consumer credit reports.
An explosion in malware targeting Android users is being fueled in part by a budding market for mobile malcode creation kits, as well as a bustling market for hijacked or fraudulent developer accounts at Google Play that can be used to disguise malware as legitimate apps for sale.
