Feeds

Phishers clean up at online casinos

Poker faced fraud

Securing Web Applications Made Simple and Scalable

Email fraudsters are increasingly targeting customers of online casinos with phishing attacks. A wave of assaults against punters betting in casinos run from Antigua and the Dutch Antilles shows that attackers are extending their range beyond targets such as online banks and eBay.

The trend was picked up by security firm Symantec, which noticed a large number of attacks on small countries and traced the attacks back to assaults on online casinos.

Gambling sites are an attractive target for phishers because after tricking punters into handing over credit card details or login credentials it's easier to extract money from gaming accounts than it would be with online banking credentials.

Phishers need to employ middlemen to take money from compromised online bank accounts and wire it to them, typically using hard to trace Western Union money transfers.

That's because the fraudsters behind online banking scams are typically located in a different country to their victims. Since they are unable to transfer money directly from a victim's online account in a different country, local intermediaries - or 'mules' - are hired.

That requirement is unnecessary in the case of compromised online gambling accounts.

Access to gambling accounts also makes it easier to launder money. "Phishers can set up online gambling accounts sites using stolen credit card numbers and victims' identities. They can then launder dirty money by exchanging funds through the pots of games they set up amongst themselves," Symantec reports.

The net security firm adds that bot nets can also be used to launder money through online gambling sites. Bot clients are programmed to win or lose, transferring money to a chosen client. ®

Mobile application security vulnerability report

More from The Register

next story
LibreSSL RNG bug fix: What's all the forking fuss about, ask devs
Blow to bit-spitter 'tis but a flesh wound, claim team
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
NUDE SNAPS AGENCY: NSA bods love 'showing off your saucy selfies'
Swapping other people's sexts is a fringe benefit, says Snowden
Own a Cisco modem or wireless gateway? It might be owned by someone else, too
Remote code exec in HTTP server hands kit to bad guys
British data cops: We need greater powers and more money
You want data butt kicking, we need bigger boots - ICO
Crooks fling banking Trojan at Japanese smut site fans
Wait - they're doing online banking with an unpatched Windows PC?
NIST told to grow a pair and kick NSA to the curb
Lrn2crypto, oversight panel tells US govt's algorithm bods
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.