In-brief: RSA said it detected evidence of a malicious software campaign that targeted employees at point of sale vendors – a possible effort to compromise the PoS supply chain.
EMC Corp.
RSA: Boleto Fraud Ring in Brazil Linked To Billions in Bogus Transactions
RSA, the security division of EMC Corp. said on Wednesday that its researchers uncovered a massive online fraud ring that has infiltrated The Boleto, a popular payment method in Brazil. RSA said in a blog post on Wednesday that a coordinated investigation a “Boleto malware or ‘Bolware’ fraud ring that may have compromised 495,753 Boletos transactions over a two-year period. The value of the transactions is estimated at $3.75 billion USD, or $8.57 Brazilian Reals. The Boleto is a popular and regulated electronic payment system that is the second most popular form of payment in the country, after credit cards. According to RSA, the malware in question allows attackers to carry out man-in-the-browser attacks that modify transaction details on an infected client system so that funds are directed into mule banking accounts controlled by the fraudsters. RSA researchers discovered 8,095 fraudulent Boleto ID numbers tied to 495,753 compromised transactions. The Bolware botnet is […]
Snowden RSA Controversy Just One Of Many Facing Security Industry
In a little more than a week, executives from world’s leading technology firms will gather in San Francisco for the RSA Conference, the cyber security industry’s biggest show in North America. No hacker con, RSA is something akin to corporate speed dating for companies in the security industry. But, like so much else in the technology world, this year’s conference has become mired in controversy stemming from Edward Snowden’s leak of classified documents related to government surveillance. In December, Reuters broke the story that, among the documents leaked by Snowden was evidence that RSA, the security division of EMC and parent company to the conference, accepted a $10m payment from the NSA to implement what turned out to be a vulnerable encryption algorithm as the default option for its BSafe endpoint protection product. RSA, the security division of EMC, has denied the allegations that it accepted the money while knowing that […]
