cybercrime

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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Microsoft Uses Courts To Take Down Malicious, Managed DNS Services

Microsoft Corp. has taken action against yet another cyber crime network, taking control of- and shutting down a managed DNS (domain name system) operated by the firm No-IP that were being abused by cyber criminals, the company said on Monday.   The domains were associated with malware families named Jenxcus and Bladabindi that are believed to have infected on some 7.5 million systems, globally. The malicious programs – which are used to spy on the operators of infected systems – use Dynamic DNS services like NO-IP to communicate with command and control systems used to manage infected systems. Dynamic DNS makes the malicious systems more difficult to trace. In a post on Microsoft’s Digital Crimes Unit blog, Richard Domingues Boscovich, the company’s Assistant General Counsel said that the company had filed a civil case on June 19 naming two foreign nationals: Mohamed Benabdellah and Naser Al Mutairi along with a U.S. company, Vitalwerks Internet Solutions, LLC (doing […]

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This Week In Security: Poking Holes In Two Factor Authentication

It was another busy week in the security world. There was big news on the legal front, as The U.S. Supreme Court took steps to protect the data stored on mobile devices from warrantless searches by police. (That’s good news.) But the week also plenty of concerning stories about the security of data stored on mobile phones, tablets and the like. One of the stories that gained a lot of attention was DUO Security’s report on a flaw in PayPal’s two factor authentication feature that could expose the accounts of  security-conscious PayPal users. As The Security Ledger reported, DUO researcher Zach Lanier discovered a flaw in mobile APIs published by PayPal that would allow anyone with a valid PayPal user name and password to sidestep two-factor authentication when accessing PayPal accounts that had that option enabled. After DUO went public with information on the flaw, PayPal disabled two factor authentication […]

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Code Spaces Probably A ‘Target of Opportunity’

The spectacular collapse this week of Code Spaces, a cloud-based code repository, may have been the result of a an unspectacular “opportunistic” hack, rather than a targeted operation, according to one cloud security expert. The sudden demise of the online application repository has sent shock waves through the tech industry, laying bare what some say are lax practices among many cloud-based application and infrastructure providers. But the attack itself was almost certainly the result of a larger, indiscriminate cyber criminal campaign, said Jeff Schilling, the Chief Security Officer of Firehost, a Texas-based secure cloud provider. “This is something we pretty frequently: companies get held ransom with a DDoS attack, and if that doesn’t work, (the attackers) will resort to doing other things,” Schilling told The Security Ledger. But Code Spaces almost certainly wasn’t the only company the extortionists worked on, Schilling said. Instead, the company was likely caught up in a wide net […]

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The Week in Data Breach: Pizza And Chinese Food

The news over the weekend was about more data breaches affecting chain restaurants. First, there are reports that the pizza chain Domino’s appears to have been hacked. The news came by way of an online post on Friday by a group claiming to have compromised servers used by Domino’s to store data on customers in France and Belgium. (Cached version of the announcement can be viewed here.) The group claims to have made off with information including the user name and password for 592,000 French customers and over 58,000 records from Belgian customers. It has asked Domino’s for payment of €30,000 in exchange for the data. The company has acknowledged the attack, but claims no customer financial data was stolen. In other news, the Chinese restaurant chain PF Chang’s acknowledged on Thursday that it was, indeed, the victim of a successful cyber attack that a breach last week that resulted […]

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