In a highly organized and orchestrated attack, money mules across the world cashed out prepaid debit cards withdrawing millions of dollars from ATMs after sophisticated hackers first increased or removed daily withdrawal amount limits on these cards. Read More
Microsoft and Symantec Shutdown Massive Botnet
The Bamital botnet, assembled by an organized group of fraudsters to commit click fraud, infected hundreds of thousands of computers but has recently been shut down as authorities have seized servers and pulled others offline following a collaborative investigation by Microsoft and Symantec. Read More
Organized Fraud Ring Obtained Credit Cards, Increased Credit Limits with Fake Identities Stealing $200 Million
Eighteen members of a sophisticated fraud ring operating out of New Jersey were arrested in early February for their massive scam creating thousands of fake identities, obtaining credit and increasing credit limits for the fake identities, and then cashing in with a bust-out attack. The Department of Justice has documented $200 million in losses and
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Two Fraudsters Steal $4M with Online Car Sale Scam
A man and woman organized a scheme posting non-existent vehicles for sale on many marketplace and auction websites scamming U.S. car buyers out of over $4 million while running the scheme for nearly three years overseas. Read More
Fraudsters Target New Zealand Auction Site to Recruit Money Mules
Fraud rings have been trying to increase their membership as they have targeted users of the New Zealand auction website Trade Me with a multi-step scam, taking over sellers’ accounts and using them to recruit money mules. Read More
Amidst Organized Attacks Against Two Major Banks, Cyber Threat Level Raised to “High”
After distributed denial of service attacks disrupted Bank of America and JPMorgan Chase websites in late September the Financial Services Information Sharing and Analysis Center (FS-ISAC) industry group increased their cyber threat level metric from “elevated” to “high.” The attacks may be related to Islamic activists and reactions to a controversial film, or may be organized attacks to divert attention away
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Organized Fraud Attack Compromised Merchant POS Systems with Malware
Two men from Romania were extradited to the United States last May after being accused of running a fraud operation that installed malware on point-of-sale computers attacking hundreds of merchants, although mainly Subway restaurants, from 2009 to 2011. In late September the two men plead guilty to multiple charges and will each face time behind
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