Feeds

Fraudsters get into the cloud

Fraud as a service persists post-Dark Market

Choosing a cloud hosting partner with confidence

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. ®

Internet Security Threat Report 2014

More from The Register

next story
FYI: OS X Yosemite's Spotlight tells Apple EVERYTHING you're looking for
It's on by default – didn't you read the small print?
Russian hackers exploit 'Sandworm' bug 'to spy on NATO, EU PCs'
Fix imminent from Microsoft for Vista, Server 2008, other stuff
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Microsoft pulls another dodgy patch
Redmond makes a hash of hashing add-on
NOT OK GOOGLE: Android images can conceal code
It's been fixed, but hordes won't have applied the upgrade
'LulzSec leader Aush0k' found to be naughty boy not worthy of jail
15 months home detention leaves egg on feds' faces as they grab for more power
China is ALREADY spying on Apple iCloud users, claims watchdog
Attack harvests users' info at iPhone 6 launch
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.