Krebs

IndependentKrebs

4 Years After Target, the Little Guy is the Target

Credit to Author: BrianKrebs| Date: Thu, 28 Dec 2017 15:36:55 +0000

Dec. 18 marked the fourth anniversary of this site breaking the news about a breach at Target involving some 40 million customer credit and debit cards. It has been fascinating in the years since that epic intrusion to see how organized cyber thieves have shifted from targeting big box retailers to hacking a broad swath of small to mid-sized merchants that accept credit cards.

Read More
IndependentKrebs

Skyrocketing Bitcoin Fees Hit Carders in Wallet

Credit to Author: BrianKrebs| Date: Tue, 26 Dec 2017 14:55:14 +0000

Critics of unregulated virtual currencies like Bitcoin have long argued that the core utility of these payment systems lies in facilitating illicit commerce, such as buying drugs or stolen credit cards and identities. But recent spikes in the price of Bitcoin — and the fees associated with moving funds into and out of it — have conspired to make Bitcoin a less useful and desirable payment method for many crooks engaged in these activities.

Read More
IndependentKrebs

U.K. Man Avoids Jail Time in vDOS Case

Credit to Author: BrianKrebs| Date: Thu, 21 Dec 2017 13:56:01 +0000

A U.K. man who pleaded guilty to launching more than 2,000 cyberattacks against some of the world’s largest companies has avoided jail time for his role in the attacks. The judge in the case reportedly was moved by pleas for leniency that cited the man’s youth at the time of the attacks and a diagnosis of autism.

Read More
IndependentKrebs

Buyers Beware of Tampered Gift Cards

Credit to Author: BrianKrebs| Date: Tue, 19 Dec 2017 16:28:57 +0000

Prepaid gift cards make popular presents and no-brainer stocking stuffers, but before you purchase one be on the lookout for signs that someone may have tampered with it. A perennial scam that picks up around the holidays involves thieves who pull back and then replace the decals that obscure the card’s redemption code, allowing them to redeem or transfer the card’s balance online after the card is purchased by an unwitting customer.

Read More
IndependentKrebs

The Market for Stolen Account Credentials

Credit to Author: BrianKrebs| Date: Mon, 18 Dec 2017 19:13:53 +0000

Past stories here have explored the myriad criminal uses of a hacked computer, the various ways that your inbox can be spliced and diced to help cybercrooks ply their trade, and the value of a hacked company. Today’s post looks at the price of stolen credentials for just about any e-commerce, bank site or popular online service, and provides a glimpse into the fortunes that an enterprising credential thief can earn selling these accounts on consignment.

Read More
IndependentKrebs

Former Botmaster, ‘Darkode’ Founder is CTO of Hacked Bitcoin Mining Firm ‘NiceHash’

Credit to Author: BrianKrebs| Date: Fri, 15 Dec 2017 16:48:18 +0000

On Dec. 6, 2017, approximately USD $52 million worth of Bitcoin mysteriously disappeared from the coffers of NiceHash, a Slovenian company that lets users sell their computing power to help others mine virtual currencies. As the investigation into the heist nears the end of its second week, many Nice-Hash users have expressed surprise to learn that the company’s chief technology officer recently served several years in prison for operating and reselling a massive botnet, and for creating and running ‘Darkode,” until recently the world’s most bustling English-language cybercrime forum.

Read More
IndependentKrebs

Mirai IoT Botnet Co-Authors Plead Guilty

Credit to Author: BrianKrebs| Date: Wed, 13 Dec 2017 16:23:18 +0000

The U.S. Justice Department on Tuesday unsealed the guilty pleas of two men first identified in January 2017 by KrebsOnSecurity as the likely co-authors of Mirai, a malware strain that remotely enslaves so-called “Internet of Things” devices such as security cameras, routers, and digital video recorders for use in large scale attacks designed to knock Web sites and entire networks offline (including multiple major attacks against this site).

Read More