Feeds

Phishers clean up at online casinos

Poker faced fraud

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Parent gabfest Mumsnet hit by SSL bug: My heart bleeds, grins hacker
Natter-board tells middle-class Britain to purée its passwords
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Web data BLEEDOUT: Users to feel the pain as Heartbleed bug revealed
Vendors and ISPs have work to do updating firmware - if it's possible to fix this
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Call of Duty 'fragged using OpenSSL's Heartbleed exploit'
So it begins ... or maybe not, says one analyst
NSA denies it knew about and USED Heartbleed encryption flaw for TWO YEARS
Agency forgets it exists to protect communications, not just spy on them
prev story

Whitepapers

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.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
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.