Feeds

Online casinos hit by bot armies

Don't bet against money laundering robots

Combat fraud and increase customer satisfaction

Botnets are fulfilling law enforcement fears that online casinos could prove fertile ground for money laundering, according to a recent, little-noticed report by risk compliance firm Fortent.

Some are engaging in variations of an old casino scam, in which preprogrammed-to-lose bots transfer dirty money - obtained through stolen credit cards, illicit drug sales or whatnot - to a chosen winner. Others flood a room and conspire to defraud a legitimate player by leveraging the mathematical advantage inherent in knowing more of the cards. Another scam involves spamming a known player in the hopes of stealing password and account information, and then bleeding the account dry through the fraudulent games described above.

Fulltiltpoker.com apparently got hit by a botnet attack recently and refunded money to the defrauded customers. A USA Today tally last month estimated that $2.5 mil to $3.5 mil per year are laundered this way.

"We are definitely seeing activity by bot-herders in online casino games, which is something we hadn't seen before," Symantec security analyst Zulfikar Ramzan noted.

We've generally been skeptical of allegations that the online casino industry would make a good platform for widespread money laundering, primarily due to the ready-made trail left by the transactions. However, the use of botnets is more problematic, due to the fact that until recently botmasters had not been targeted by the FBI, and the actual computers involved belong to innocent third parties.

Money laundering can theoretically be accomplished through many types of transactions - for example, by selling phony merchandise on eBay and transferring the money without delivering anything at all. It's therefore questionable just how much more susceptible cybercasinos are than other online businesses to money laundering. Risk compliance companies like Fortent or AccuitySolutions have products to push, after all. However, the fact that the US authorities have driven much of the online gambling and payment processing activity underground raises serious concerns about just how secure some of these sites are.

Not that gamblers are a risk-averse group, of course.®

Burke Hansen, attorney at large, heads a San Francisco law office

SANS - Survey on application security programs

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.