RSA

Boleto Malware

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 […]

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RSA Perspective: Outrage With A Side Of Salsa

Let the record show that one of the most dramatic expressions of discontent over rampant government surveillance of U.S. citizens and private companies during last week’s RSA Conference in San Francisco went down at a taco joint. As the world’s cyber security elite gathered in San Francisco’s Moscone Center for the RSA Security Conference, a group of privacy and online rights activists that go by the name “Vegas 2.0” used donated funds to rent out Chevy’s, a popular Mexican food restaurant located next to the exhibit halls and frequented by conference goers. As reported by ZDNet’s Violet Blue, paying RSA attendees and speakers – identifiable by red badges – were refused entry to Chevy’s and handed flyers explaining the protestors’ grievances against the Conference’s parent company, RSA Security, which is alleged to have colluded with the NSA to weaken encryption standards in its products. Among those reported to have been […]

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Security and The Internet of Things: An RSA Roadmap

The RSA Security Conference starts next week in San Francisco: the central event of a week-long orgy of IT security wheeling and dealing in the Bay Area. Though its roots are as a small and clubby gathering of cryptographers, RSA long ago stopped being that, and started resembling a kind of speed dating event for technology and IT security firms. Sure – there are plenty of interesting talks at RSA, but the important work takes place in private suites of adjoining hotels and chance encounters in the halls of the Moscone. If there’s a big IT security deal in the offing – like IBM’s $1 billion acquisition of Trusteer, or FireEye’s purchase of the firm Mandiant – chances are good that the conversation started at RSA. Long and short: RSA is a snapshot of the security industry at a particular place and time. As such, it tends to be a […]

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The Show Floor at RSA

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 […]

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Are Anti-Mule Ops Breaking The Bank Fraud Kill Chain?

Mules are the “last mile” in many online fraud operations: the unwitting dupes, or witting co-conspirators who lend their legitimate bank account (and reputation) to fraudsters who are looking for a way to cash out funds from a compromised account. Mules – often lured with promises of “work-from-home” riches receive fraudulent transactions, then immediately withdraw the funds and wire them to the fraudsters, minus a healthy “commission.”   In recent years, there has been ample coverage in the media of cyber crime and fraud and the role of money mules in scams. (I note Brian Krebs excellent reporting on the mule problem on his blog.)  And yet, the supply of mules seems to be endless. Or is it? According to researchers at the security firm RSA, bank account cash-out attacks are becoming less common online, and a sharp increase in busts on money mules may be the cause. Writing on […]

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