Category Archives: Web Fraud 2.0

Mail from the (Velvet) Cybercrime Underground

July 30, 2013
137 Comments

Over the past six months, “fans” of this Web site and its author have shown their affection in some curious ways. One called in a phony hostage situation that resulted in a dozen heavily armed police surrounding my home. Another opened a $20,000 new line of credit in my name. Others sent more than $1,000 in bogus PayPal donations from hacked accounts. Still more admirers paid my cable bill for the next three years using stolen credit cards. Malware authors have even used my name and likeness to peddle their wares. But the most recent attempt to embarrass and fluster this author easily takes the cake as the most elaborate: Earlier this month, the administrator of an exclusive cybercrime forum hatched and executed a plan to purchase heroin, have it mailed to my home, and then spoof a phone call from one of my neighbors alerting the local police. Thankfully, I had already established a presence on his forum and was able to monitor the scam in real time and alert my local police in advance of the delivery.

Haunted by the Ghosts of ZeuS & DNSChanger

July 25, 2013
9 Comments

One of the challenges in malware research is separating the truly novel innovations in malcoding from new nasties that merely include nominal or superficial tweaks. This dynamic holds true for both malware researchers and purveyors, albeit for different reasons. Researchers wish to avoid being labeled alarmist in calling special attention to what appears to be an emerging threat that turns out to be old news; the bad guys just want to avoid getting scammed into paying for an old malware kit dressed up as the new next big thing.

Who’s Behind The Styx-Crypt Exploit Pack?

July 10, 2013
64 Comments

Earlier this week I wrote about the Styx Pack, an extremely sophisticated and increasingly popular crimeware kit that is being sold to help miscreants booby-trap compromised Web sites with malware. Today, I’ll be following a trail of breadcrumbs that leads back to central Ukraine and to a trio of friends who appear to be responsible for marketing (if not also making) this crimeware-as-a-service.

Styx Exploit Pack: Domo Arigato, PC Roboto

July 8, 2013
18 Comments

Not long ago, miscreants who wanted to buy an exploit kit — automated software that helps booby-trap hacked sites to deploy malicious code — had to be fairly well-connected, or at least have access to semi-private underground forums. These days, some exploit kit makers are brazenly advertising and offering their services out in the open, marketing their wares as browser vulnerability “stress-test platforms.”

Carberp Code Leak Stokes Copycat Fears

June 27, 2013
36 Comments

The source code for “Carberp” — a botnet creation kit coded by a team of at least two dozen hackers who used it to relieve banks of an estimated $250 million — has been posted online for anyone to download. The code leak offers security experts a fascinating and somewhat rare glimpse into the malcoding economy, but many also worry that its publication will spawn new hybrid strains of sophisticated banking malware.

Double Cashing With Mobile Banking

June 17, 2013
55 Comments

The case of a Kentucky man arrested this month for using mobile banking to steal thousands of dollars from a local supermarket chain highlights the security loopholes that thieves can exploit in mobile check deposit schemes being deployed by financial institutions across the country.

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.

Underweb Payments, Post-Liberty Reserve

May 30, 2013
152 Comments

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?