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Tag: Identity Theft

Another Huge Cash-Out Scheme Revealed

(Bank Info Security) Federal authorities have charged eight suspects in yet another ATM cash-out and cybercrime scheme that involved online account takeovers and prepaid card compromises. So far, four arrests have been made in the case, which also involved fraudulent ATM withdrawals and wire transfers to overseas accounts, as well as identity theft, in some…
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Hacktivists Inadvertently Cause Damage to People They Claim to Represent

(Softpedia) On Monday, RSA released its monthly online fraud report for May. Besides the figures about worldwide phishing campaigns, the study also makes an interesting link between phishers and hacktivists. While hacktivists, such as the ones from the Anonymous movement, usually rely on distributed denial-of-service (DDOS) attacks to make their point, they sometimes decide to…
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Peer-to-Peer Botnets Resilient to Takedown Attempts

(Threatpost) The FBI, Justice Department and technology companies have had success shutting down botnets that rely on a centralized infrastructure and command and control servers to communicate with bots, steal data or send malicious commands. Peer-to-peer botnets, however, have proven more difficult to take down. More criminal gangs who ply in financial fraud, identity theft…
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Shady E-Currency Site Busted for Global Money Laundering

(Eurasianet) Four former-Soviet immigrants appear to be at the center of what federal prosecutors in the United States are laundering operation conducted entirely on the internet, according to an indictment made public by the US Attorney for the Southern District of New York. On May 28, the court announcedthe arrest of Arthur Belanchuk Budovsky, 39,…
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