I sat down on Thursday with someone who watches the underground criminals who are trying to break into people’s bank accounts and steal their money. And the picture isn’t pretty.
Online fraudsters are coming up with more types of dangerous attacks and more sophisticated methods, says Uri Rivner, head of new technologies for RSA Consumer Solutions, which is owned by EMC.
I’ve already written about how the cybercriminals are borrowing organizational structures from the mafia and even legitimate businesses, and have further explored the threats from identity fraud. Rivner filled in some details with his assessment of how the fraudsters are operating. He talked about the “Fraud Supply Chain” in which harvesters steal the data and then sell it to people who are expert at turning the data into cash by emptying out the bank accounts.
The two sides of this e-commerce underground communicate via informal marketplaces on IRC Chat channels. They also sha... Read More
Posted under Technology News
This post was written by admin on September 26, 2008
