Feeds

Fraudsters get into the cloud

Fraud as a service persists post-Dark Market

Remote control for virtualized desktops

Hackers are applying the ideas of cloud computing to online fraud in a move that means even technically illiterate crooks can move into cybercrime.

Fraud as a service products are being punted through underground forums, according to Uri Rivner, head of new technologies at RSA's consumer division. This means that for around $299 a month, would-be phishing fraudsters need only log on to obtain fraud lists, with the grunt work of writing Trojan code, hosting, distribution and updates carried out behind the scenes on their behalf.

The development of Web 2.0 fraud is not entirely without risk for fraudsters - for one thing cases have being recorded where phishing toolkits contained backdoors. The FBI's successful sting on members of the Dark Market underground forum has made fraudsters more wary of trusting their supposed partners in crime on other sites, according to Rivner.

Despite these issues, a certain level of trust among thieves remains. Underground hackers have developed cybercrime versions of social networking sites and collaboration suites. Blogs, forums and podcasts have mushroomed, with hackers even reviewing Trojans in much the same way the mainstream tech press reviews anti-malware products.

An example of the sophistication of cracker collateral can be found in a training video by Turkish credit card skimmer supplier Chao, posted through YouTube (below). A suspect reckoned to be Chao was arrested as part of the FBI's take down of the denizens of the Dark Market forum. The ATM fraud devices created by Chao were put together from off-the-shelf components.

Chao's video is media-savvy and even amusing. The cartoon representation of Chao (which wouldn't look out of place on South Park) offers top tips in broken English on issues such as avoiding the installation of skimmers in small towns or during the morning, when people are likely to be more vigilant.

Discussions about cybercrime often revolve around miscreants based in Eastern Europe - especially Russia - but Brazilian hackers are arguably the most technically sophisticated in the world. Australia is often a testing ground for the latest attack techniques, while the land of the samba has emerged as a hot spot in the evolution of new malware and attack techniques, particularly in the sphere of phishing. "Brazil is a cesspool of fraud," Rivner said. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Regin: The super-spyware the security industry has been silent about
NSA fingered as likely source of complex malware family
Why did it take antivirus giants YEARS to drill into super-scary Regin? Symantec responds...
FYI this isn't just going to target Windows, Linux and OS X fans
Privacy bods offer GOV SPY VICTIMS a FREE SPYWARE SNIFFER
Looks for gov malware that evades most antivirus
Home Office: Fancy flogging us some SECRET SPY GEAR?
If you do, tell NOBODY what it's for or how it works
HACKERS can DELETE SURVEILLANCE DVRS remotely – report
Hikvision devices wide open to hacking, claim securobods
'Regin': The 'New Stuxnet' spook-grade SOFTWARE WEAPON described
'A degree of technical competence rarely seen'
Syrian Electronic Army in news site 'hack' POP-UP MAYHEM
Gigya redirect exploit blamed for pop-rageous ploy
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
prev story

Whitepapers

10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.