Tag: Fraud

The cybercrime business model and its value chain

The security landscape has evolved to a point where most IT threats occur with the intention of generating financial gain for their creators and financiers. Based on this premise, various attack or threat types have proliferated and evolved to affect a greater number of users and organizations. The cybercrime “business model” is based on creating a value chain that offers new methods, for example cybercrime as a service, that is, the practice of facilitating illegal activities via services. In other words, anyone could acquire everything they need to organize frauds or cyberattacks, whatever their skills or technical knowledge.

Read more on We Live Security

ATM Insert Skimmers: A Closer Look

KrebsOnSecurity has featured multiple stories about the threat from ATM fraud devices known as “insert skimmers,” wafer-thin data theft tools made to be completely hidden inside of a cash’s machine’s card acceptance slot. For a closer look at how stealthy insert skimmers can be, it helps to see videos of these things being installed and removed. Here’s a look at promotional sales videos produced by two different ATM insert skimmer peddlers.

Read the full article on KrebsOnSecurity

Hacker charged with fraud after ‘stealing’ in-game FIFA currency

A US man is facing felony wire fraud charges for the theft of digital currency from game developer Electronic Arts. According to an FBI indictment, Anthony Clark and his co-defendants are being charged with conspiracy to commit wire fraud for “stealing” in-game currency in multiplayer football game FIFA Ultimate Team for Xbox One, PS4 and PC.

Read more via CNET