fraudsters

A New Liberty Reserve Emerges

The takedown of Liberty Reserve in May 2013 was a major blow to many fraudsters who used the e-currency for years to launder their illicit gains. By the time the U.S. government took action, Liberty Reserve had been around for seven years and was reportedly responsible for the laundering of billions of dollars in transactions.…

New Service in the Underground Offers to Secure Fraudsters’ Infrastructure – Because Fraudsters Need InfoSec Too

Whether it is to Phish, to infect, or to sell credentials, cybercriminals have always required an infrastructure to commit their crimes – servers, PHP scripts, vulnerabilities and more. Many of the trends in recent years, such as the explosion of botnets and credit card stores, have led to the rapid expansion of this infrastructure. If…

Phishing: They Should Just Call It Catching

When I was 8 years old I went on my first fishing trip with my grandfather. He was an avid fly fisherman and would spend hours lazily flicking his line into the pools and eddies of rivers inSouth Africa’s Drakensberg mountains. I had a great time for the first hour or so, after which I…

The Natural Selection of Fraud

One of the common criticisms of the evolution theory by those who side with intelligence creation is that it is improbable for natural selection to create structures as complex as those that are observed in nature. However, science has proven over and over that these claims aren’t true – and evolution is in fact a…

Online Dating, Online Fraud: It’s All Relative

To me, online dating these days is not much different than online fraud.  I speak from personal experience on both – as someone who has experienced the thrills of online dating sites (NOTE sarcasm here) and has the privilege of witnessing the latest online scams that fraudsters pull on a daily basis.  I live in…