Feeds

'Operation eMule' feds bust duo with 500+ eBay, PayPal accounts

Handled $1m+ in tat-bazaar loot churn cyber-cash blag

3 Big data security analytics techniques

Federal investigators on the trail of a multi-million dollar identity theft ring have raided the homes of two Vietnamese exchange students in Minnesota.

The duo are suspected of selling discounted goods such as video games and Apple gift cards, which were purchased using counterfeit credit cards, through online marketplaces such as eBay. Online marketplaces are left holding the can after the legitimate owners of abused credit cards object.

Online merchants including PayPal, Amazon, Apple, Dell, Verizon Wireless and translation software firm Rosetta Stone have also been left out of pocket as a result of the scam.

The two Winona State University students ran more than 180 eBay accounts and 360 PayPal accounts that were established under false names, according to an affidavit by federal investigators from the Department of Homeland Security.

Investigators reckon as much as $1.25m in illicit funds passed through the compromised accounts, the Minneapolis Star-Tribune reports.

These funds were allegedly wired from the US-based money mules to the masterminds behind the scam, based in Vietnam and Canada.

The raid against the suspects - Tram Vo and Khoi Van, both 22 - is part of a larger investigation, Operation eMule, by the DHS into cybercrime scams masterminded from Vietnam. ®

3 Big data security analytics techniques

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Putin tells Snowden: Russia conducts no US-style mass surveillance
Gov't is too broke for that, Russian prez says
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
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
Arts and crafts store Michaels says 3 million credit cards exposed in breach
Meanwhile, Target investigators prepare for long process in nabbing hackers
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.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.