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Pump-and-dump scammers debut MP3 spam

Duff note

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Stock spammers have abandoned PDF files and image spam with a new campaign featuring MP3 files.

The audio files pose as music from stars such as Elvis Presley and Fergie, but actually contain a monotone voice encouraging punters to invest in an obscure Canadian company.

The MP3 files are being widely spammed in emails that often contain no subject line or message body, net security firm Sophos reports. Some of the filenames used include hurricanechris.mp3, allforone.mp3, carrieunderwood.mp3, elvis.mp3, baby.mp3, fergie.mp3, and bbrown.mp3.

The female (apparently British) voice on the MP3 file, recorded at low bit-rate and randomly altered to avoid detection by anti-spam filters, seeks to attract interest in Exit Only, a Canadian firm that runs a website marketplace for new and used motors. Sophos has posted a 30 second example of the stock spam MP3 file here.

Quite who would respond to such an unsolicited pitch is hard to fathom. Anti-virus firms advise users to block MP3 files in email.

The Exit Only spam campaign is the latest variant in pump-and-dump scams, a type of fraud that now accounts for 25 per cent of all junk emails compared to just 0.8 per cent in January 2005, according to Sophos.

Pump-and-dump scams are email campaigns that seek to encourage armchair investors to sink their cash into particular firms' stock.

The goal is to quickly inflate interest in low-value stock with bogus insider info in order to ramp up share prices and sell at a profit before the inevitable crash and burn. Meanwhile, those duped are left holding possibly worthless shares. ®

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Latest Comments

Who does their market research?

I wonder who told the spammers that fans of Elvis and Fergie (presumably the 80s popster not Prince Andrew's ex) are likely to fall for this sort of thing. If the crud being pushed was penis enlargement pills would the "Stars" be different (Kylie and Sandie Shaw maybe?).

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Wow

We should so have a Tardis and a StarTrek icon.... that would be the best... maybe ditch the Angel version of Gates, nobody would use it! :)

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Is this Russell T Davies' latest idea

First a tacky 'cyberwoman' and now a female dalek offering investment tips in an oddly ill-judged attempt to change the course of history.

Now where's the Tardis icon?

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