Tag Archives: Damon McCoy

Here’s Why Credit Card Fraud is Still a Thing

July 29, 2020

Most of the civilized world years ago shifted to requiring computer chips in payment cards that make it far more expensive and difficult for thieves to clone and use them for fraud. One notable exception is the United States, which is still lurching toward this goal. Here’s a look at the havoc that lag has wrought, as seen through the purchasing patterns at one of the underground’s biggest stolen card shops that was hacked last year.

Israeli Online Attack Service ‘vDOS’ Earned $600,000 in Two Years

September 8, 2016

vDOS — a so-called “booter” service that has earned in excess of $600,000 over the past two years helping customers coordinate more than 150,000 so-called distributed denial-of-service (DDoS) attacks designed to knock Web sites offline — has been massively hacked, spilling secrets about tens of thousands of paying customers and their targets.

The vDOS database, obtained by KrebsOnSecurity.com at the end of July 2016, points to two young men in Israel as the principle owners and masterminds of the attack service, with support services coming from several young hackers in the United States.

The vDOS database, obtained by KrebsOnSecurity.com, points to two young men in Israel as the principle owners and masterminds of the attack service, with support services coming from several young hackers in the United States.

The vDOS database, obtained by KrebsOnSecurity.com, points to two young men in Israel as the principle owners and masterminds of the attack service, with support services coming from several young hackers in the United States.

The Role of Phony Returns in Gift Card Fraud

December 10, 2015

On any given day, there are thousands of gift cards from top retailers for sale online that can be had for a fraction of their face value. Some of these are exactly what they appear to be: legitimate gift cards sold through third-party sites that specialize in reselling used or unwanted cards. But many discounted gift cards for sale online are in fact the product of merchandise return fraud, meaning consumers who purchase them unwittingly help thieves rob the stores that issued the cards.

Who’s Behind the Bogus $49.95 Charges?

September 22, 2014

Hardly a week goes by when I don’t hear from a reader wondering about the origins of a bogus credit card charge for $49.95 or some similar amount for a product they never ordered. As this post will explain, such charges appear to be the result of crooks trying to game various online affiliate programs by using stolen credit cards.

Who’s Behind the ‘BLS Weblearn’ Credit Card Scam?

March 31, 2014

A new rash of credit and debit card scams involving bogus sub-$15 charges and attributed to a company called “BLS Weblearn” is part of a prolific international scheme designed to fleece unwary consumers. This post delves deeper into the history and identity of the credit card processing network that has been enabling this type of activity for years.

An Anti-Fraud Service for Fraudsters

November 26, 2013

Many online businesses rely on automated fraud detection tools to weed out suspicious and unauthorized purchases. Oddly enough, the sorts of dodgy online businesses advertised by spam do the same thing, only they tend to use underground alternatives that are far cheaper and tuned to block not only fraudulent purchases, but also “test buys” from security researchers, law enforcement and other meddlers.

‘Yahoo Boys’ Have 419 Facebook Friends

September 11, 2013

Earlier this week, I wrote about an online data theft service that got hacked. That compromise exposed a user base of most young Nigerian men apparently engaged in an array of cybercrime activities — mainly online dating scams and 419 schemes. It turned out that many of these guys signed up for the data theft service using the same email address they used to register their Facebook accounts. Today’s post looks at the social networks between and among these individuals.

Spy Service Exposes Nigerian ‘Yahoo Boys’

September 9, 2013

A crude but effective online service that lets users deploy keystroke logging malware and then view the stolen data remotely was hacked recently. The information leaked from that service has revealed a network of several thousand Nigerian email scammers and offers a fascinating glimpse into an entire underground economy that is seldom explored.

Buying Battles in the War on Twitter Spam

August 14, 2013

The success of social networking community Twitter has given rise to an entire shadow economy that peddles dummy Twitter accounts by the thousands, primarily to spammers, scammers and malware purveyors. But new research on identifying bogus accounts has helped Twitter to drastically deplete the stockpile of existing accounts for sale, and holds the promise of driving up costs for both vendors of these shady services and their customers.

Mail from the (Velvet) Cybercrime Underground

July 30, 2013

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.