Feeds

Fraudsters get into the cloud

Fraud as a service persists post-Dark Market

Internet Security Threat Report 2014

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
George Clooney, WikiLeaks' lawyer wife hand out burner phones to wedding guests
Day 4: 'News'-papers STILL rammed with Clooney nuptials
Shellshock: 'Larger scale attack' on its way, warn securo-bods
Not just web servers under threat - though TENS of THOUSANDS have been hit
Apple's new iPhone 6 vulnerable to last year's TouchID fingerprint hack
But unsophisticated thieves need not attempt this trick
PEAK IPV4? Global IPv6 traffic is growing, DDoS dying, says Akamai
First time the cache network has seen drop in use of 32-bit-wide IP addresses
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Researchers tell black hats: 'YOU'RE SOOO PREDICTABLE'
Want to register that domain? We're way ahead of you.
Stunned by Shellshock Bash bug? Patch all you can – or be punished
UK data watchdog rolls up its sleeves, polishes truncheon
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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.