Category Archives: Web Fraud 2.0

RaidForums Gets Raided, Alleged Admin Arrested

April 12, 2022
25 Comments

The U.S. Department of Justice (DOJ) said today it seized the website and user database for RaidForums, an extremely popular English-language cybercrime forum that sold access to more than 10 billion consumer records stolen in some of the world’s largest data breaches since 2015. The DOJ also charged the alleged administrator of RaidForums — 21-year-old Diogo Santos Coelho, of Portugal — with six criminal counts, including conspiracy, access device fraud and aggravated identity theft.

Double-Your-Crypto Scams Share Crypto Scam Host

April 11, 2022
57 Comments

Online scams that try to separate the unwary from their cryptocurrency are a dime a dozen, but a great many seemingly disparate crypto scam websites tend to rely on the same dodgy infrastructure providers to remain online in the face of massive fraud and abuse complaints from their erstwhile customers. Here’s a closer look at hundreds of phony crypto investment schemes that are all connected through a hosting provider which caters to people running crypto scams.

Actions Target Russian Govt. Botnet, Hydra Dark Market

April 7, 2022
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The U.S. Federal Bureau of Investigation (FBI) says it has disrupted a giant botnet built and operated by a Russian government intelligence unit known for launching destructive cyberattacks against energy infrastructure in the United States and Ukraine. Separately, law enforcement agencies in the U.S. and Germany moved to decapitate “Hydra,” a billion-dollar Russian darknet drug bazaar that also helped to launder the profits of multiple Russian ransomware groups.

Fake Emergency Search Warrants Draw Scrutiny from Capitol Hill

March 31, 2022
50 Comments

On Tuesday, KrebsOnSecurity warned that hackers increasingly are using compromised government and police department email accounts to obtain sensitive customer data from mobile providers, ISPs and social media companies. Today, one of the U.S. Senate’s most tech-savvy lawmakers said he was troubled by the report and is now asking technology companies and federal agencies for information about the frequency of such schemes.

Hackers Gaining Power of Subpoena Via Fake “Emergency Data Requests”

March 29, 2022
52 Comments

There is a terrifying and highly effective “method” that criminal hackers are now using to harvest sensitive customer data from Internet service providers, phone companies and social media firms. It involves compromising email accounts and websites tied to police departments and government agencies, and then sending unauthorized demands for subscriber data while claiming the information being requested can’t wait for a court order because it relates to an urgent matter of life and death.

‘Spam Nation’ Villain Vrublevsky Charged With Fraud

March 22, 2022
16 Comments

Pavel Vrublevsky, founder of the Russian payment technology firm ChronoPay and the antagonist in my 2014 book “Spam Nation,” was arrested in Moscow this month and charged with fraud. Russian authorities allege Vrublevsky operated several fraudulent SMS-based payment schemes, and facilitated money laundering for Hydra, the largest Russian darknet market. But according to information obtained by KrebsOnSecurity, it is equally likely Vrublevsky was arrested thanks to his propensity for carefully documenting the links between Russia’s state security services and the cybercriminal underground.

Russian Govt. Continues Carding Shop Crackdown

February 9, 2022
37 Comments

Russian authorities have arrested six men accused of operating some of the most active online bazaars for selling stolen payment card data. The crackdown — the second closure of major card fraud shops by Russian authorities in as many weeks — comes closely behind Russia’s arrest of 14 alleged affiliates of the REvil ransomware gang, and has many in the cybercrime underground asking who might be next.

How Phishers Are Slinking Their Links Into LinkedIn

February 3, 2022
24 Comments

If you received a link to LinkedIn.com via email, SMS or instant message, would you click it? Spammers, phishers and other ne’er-do-wells are hoping you will, because they’ve long taken advantage of a marketing feature on the business networking site which lets them create a LinkedIn.com link that bounces your browser to other websites, such as phishing pages that mimic top online brands (but chiefly Linkedin’s parent firm Microsoft).

Fake Investor John Bernard Sinks Norwegian Green Shipping Dreams

January 29, 2022
38 Comments

Several articles here have delved into the history of John Bernard, the pseudonym used by a fake billionaire technology investor who’s tricked dozens of start-ups into giving him tens of millions of dollars. Bernard’s latest victim — a Norwegian startup hoping to build a fleet of environmentally friendly shipping vessels — is now embroiled in a lawsuit over a deal gone bad, in which Bernard falsely claimed to have secured $100 million from six other wealthy investors, including the founder of Uber and the artist Abel Makkonen Tesfaye, better known as The Weeknd.

Scary Fraud Ensues When ID Theft & Usury Collide

January 25, 2022
62 Comments

What’s worse than finding out that identity thieves took out a 546 percent interest payday loan in your name? How about a 900 percent interest loan? Or how about not learning of the fraudulent loan until it gets handed off to collection agents? One reader’s nightmare experience spotlights what can happen when ID thieves and hackers start targeting online payday lenders.