As thousands of organizations work to contain and clean up the mess from this week’s devastating Wana ransomware attack, the fraudsters responsible for releasing the digital contagion are no doubt counting their earnings and congratulating themselves on a job well done. But according to a review of the Bitcoin addresses hard-coded into Wana, it appears the perpetrators of what’s being called the worst ransomware outbreak ever have made little more than USD $26,000 so far from the scam.
A new report from the U.S. Treasury Department found that a majority of bank account takeovers by cyberthieves over the past decade might have been thwarted had affected institutions known to look for and block transactions coming through Tor, a global communications network that helps users maintain anonymity by obfuscating their true location online.
New court documents released this week by the U.S. government in its case against the alleged ringleader of the Silk Road online black market and drug bazaar suggest that the feds may have some ‘splaining to do.
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.
New research suggests that companies behind some of America’s best known consumer brands may be far more effective at fighting cybercrime than any efforts to enact more stringent computer security and anti-piracy laws.
Recent legislative proposals in the United States — such as the Stop Online Piracy Act — have sought to combat online trafficking in copyrighted intellectual property and counterfeit goods by granting Internet service providers and authorities broader powers to prosecute offenders, and by imposing stronger criminal penalties for such activity. But recent data collected by academic researchers suggests that brand holders already have the tools to quash much of this activity.
A Wikileaks-style war of attrition between two competing rogue Internet pharmacy gangs has exposed some of the biggest spammers on the planet. The latest casualties? Several individuals likely responsible for running Grum, currently the world’s most active spam botnet.
Fake antivirus scams and rogue Internet pharmacies relentlessly seek customers who are willing to trade their credit card numbers for a remedy. Banks and financial institutions become partners in crime when they process payments to fraudsters.
Published research has shown that rogue Internet pharmacies and spam would be much less prevalent and profitable if a few top U.S. financial institutions stopped processing payments for dodgy overseas banks. This is also true for fake antivirus scams, which use misleading security alerts to frighten people into purchasing worthless security software.
More than half of all sales at the world’s largest rogue Internet pharmacy in the last four years were charged to credit and debit cards issued by the top seven card-issuing banks, new research suggests.
Unlicensed pharmacies create public health risks and confuse consumers who are looking for safe and reliable prescription medicines. Rogue pharma Web sites are primarily advertised with the help of spam, malicious software, and hacked Web sites. Curbing this drug dealing activity would promote both public health and Internet users’ safety.
Recent findings highlight additional levers that policymakers could use to curb sales at rogue online pharmacies, by convincing the card-issuing banks to stop accepting these charges or by enacting legislation similar to that used to squelch online gambling operations.