Digital Identities: I Have One For Sale

In a research study by Harris Polls (commissioned by RSA) on digital identities, the most popular online accounts for consumers are email, financial and banking, and entertainment/shopping. And on average, they access these online accounts from two different digital devices. But what does a digital identity really mean? I like to think of myself as an average consumer/online user so let’s take a look at what I consider to be my digital identity – and perhaps make you think a little more about yours.

’Tis the Season for Online Shopping: Why You Should Give Your Debit Card a Break

There are people out there who are going to try to commit fraud with your payment details while you are shopping online. You know; the bad-guys, the cyber criminals and fraudsters. No you can’t see them, but trust me they are present and doing their best to get at your card information. Aite Group’s October 2012 report shows that over the past 5 years 42% of people in the US have experienced card fraud (debit, credit, or prepaid).

The eDead Trojan: A Synopsis of Geo-Targeted Spyware

While RSA FraudAction Research Labs does not usually focus on pure-play spyware, over the past year, the Lab has repeatedly detected and handled strains of malware called the eDead Trojan. This highly-targeted spyware code was developed for the sole purpose of collecting keyword search combinations entered by infected victims who visit online banking, retail, webmail and web portal websites, primarily in Japan and Korea.

Scareware Doesn’t Scare Me

Most consumers know what a virus or a Trojan is, but if you threw the word “scareware” at them, you might get a look as though you were an alien from another planet.  Scareware is no different than any other malicious software that finds its way on to your computer.  But the best way to…

Underground Credit Card Store Operators Aggregate Their Stolen Data

The constant hustle and bustle of underground fraudster markets is a bountiful source for any and all types of fraud commodities and partnerships formed between seemingly anonymous criminals in the virtual world. And yet, one very prominent vertical, if we may, stands far out from the rest—credit card shops and just about everything that has…

Shop Safe on Cyber Monday

So Cyber Monday has arrived, and tens of millions of consumers will be hitting the cyber waves to shop for the best holiday deals around. Most of them will be doing it on company time (myself included, I admit), but hey, my son really wants that video game and I can save 50% today only. But while Cyber Monday is packed with unbelievable deals for holiday shoppers, it is also a time when consumers need to take notice to ensure they don’t fall victim to fraud, and retailers and banks need to be on guard.

Underground Forums Open Official Credit Card Stores

In the short time I’ve been blogging, I’ve written relatively often about automated CC stores. These websites offer fraudsters an automatic way of buying stolen credit cards – simply fund an account with e-currency, choose which type of card you would like, pay and receive the full credential. Their popularity has reached such a fever pitch. Recently, we’ve encountered a new development in the underground in regards to these sites – forums opening “official” stores.

The Value of Free in the Underground Economy

Whenever we present about the underground and mention that fraudsters often post compromised credit cards for free we often get the question “Why would they do that?” Considering that unlike the hacker communities of years past, the underground economy is all about the money (and not bragging rights), this is a very legitimate question. After all, if the fraudsters’ goal is to maximize profit, why would they give away stuff they can otherwise sell? The answer is pretty straightforward.