Feeds

Phishers clean up at online casinos

Poker faced fraud

Build a business case: developing custom apps

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. ®

Next gen security for virtualised datacentres

More from The Register

next story
Goog says patch⁵⁰ your Chrome
64-bit browser loads cat vids FIFTEEN PERCENT faster!
e-Borders fiasco: Brits stung for £224m after US IT giant sues UK govt
Defeat to Raytheon branded 'catastrophic result'
Chinese hackers spied on investigators of Flight MH370 - report
Classified data on flight's disappearance pinched
NIST to sysadmins: clean up your SSH mess
Too many keys, too badly managed
Linux kernel devs made to finger their dongles before contributing code
Two-factor auth enabled for Kernel.org repositories
Attack flogged through shiny-clicky social media buttons
66,000 users popped by malicious Flash fudging add-on
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?