Canadian Man Stuck in Triangle of E-Commerce Fraud

Credit to Author: BrianKrebs| Date: Fri, 19 Jan 2024 15:34:53 +0000

A Canadian man who says he’s been falsely charged with orchestrating a complex e-commerce scam is seeking to clear his name. His case appears to involve “triangulation fraud,” which occurs when a consumer purchases something online — from a seller on Amazon or eBay, for example — but the seller doesn’t actually own the item for sale. Instead, the seller purchases the item from an online retailer using stolen payment card data. In this scam, the unwitting buyer pays the scammer and receives what they ordered, and very often the only party left to dispute the transaction is the owner of the stolen payment card.

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E-Crime Rapper ‘Punchmade Dev’ Debuts Card Shop

Credit to Author: BrianKrebs| Date: Wed, 17 Jan 2024 17:00:40 +0000

The rapper and social media personality Punchmade Dev is perhaps best known for his flashy videos singing the praises of a cybercrime lifestyle. With memorable hits such as “Internet Swiping” and “Million Dollar Criminal” earning millions of views, Punchmade has leveraged his considerable following to peddle tutorials on how to commit financial crimes online. But until recently, there wasn’t much to support a conclusion that Punchmade was actually doing the cybercrime things he promotes in his songs.

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Here’s Some Bitcoin: Oh, and You’ve Been Served!

Credit to Author: BrianKrebs| Date: Wed, 10 Jan 2024 13:39:37 +0000

A California man who lost $100,000 in a 2021 SIM-swapping attack is suing the unknown holder of a cryptocurrency wallet that harbors his stolen funds. The case is thought to be the first in which a federal court has recognized… Read More »

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Meet Ika & Sal: The Bulletproof Hosting Duo from Hell

Credit to Author: BrianKrebs| Date: Mon, 08 Jan 2024 17:57:55 +0000

In 2020, the United States brought charges against four men accused of building a bulletproof hosting empire that once dominated the Russian cybercrime industry and supported multiple organized cybercrime groups. All four pleaded guilty to conspiracy and racketeering charges. But there is a fascinating and untold backstory behind the two Russian men involved, who co-ran Russia’s most popular spam forum for years.

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Ten Years Later, New Clues in the Target Breach

Credit to Author: BrianKrebs| Date: Thu, 14 Dec 2023 17:51:39 +0000

On Dec. 18, 2013, KrebsOnSecurity broke the news that U.S. retail giant Target was battling a wide-ranging computer intrusion that compromised more than 40 million customer payment cards over the previous month. The malware used in the Target breach included the text string “Rescator,” which also was the handle chosen by the cybercriminal who was selling all of the cards stolen from Target customers. Ten years later, KrebsOnSecurity has uncovered new clues about the real-life identity of Rescator.

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Alleged Extortioner of Psychotherapy Patients Faces Trial

Credit to Author: BrianKrebs| Date: Thu, 16 Nov 2023 19:59:14 +0000

Prosecutors in Finland this week commenced their criminal trial against Julius Kivimäki, a 26-year-old Finnish man charged with extorting a once popular and now-bankrupt online psychotherapy practice and thousands of its patients. In a 2,200-page report, Finnish authorities laid out how they connected the extortion spree to Kivimäki, a notorious hacker who was convicted in 2015 of perpetrating tens of thousands of cybercrimes, including data breaches, payment fraud, operating a botnet and calling in bomb threats.

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It’s Still Easy for Anyone to Become You at Experian

Credit to Author: BrianKrebs| Date: Sat, 11 Nov 2023 17:59:07 +0000

In the summer of 2022, KrebsOnSecurity documented the plight of several readers who had their accounts at big-three consumer credit reporting bureau Experian hijacked after identity thieves simply re-registered the accounts using a different email address. Sixteen months later, Experian clearly has not addressed this gaping lack of security. I know that because my account at Experian was recently hijacked, and the only way I could recover access was by recreating the account.

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Who’s Behind the SWAT USA Reshipping Service?

Credit to Author: BrianKrebs| Date: Mon, 06 Nov 2023 13:51:31 +0000

Last week, KrebsOnSecurity broke the news that one of the largest cybercrime services for laundering stolen merchandise was hacked recently, exposing its internal operations, finances and organizational structure. In today’s Part II, we’ll examine clues about the real-life identity left behind by “Fearless,” the nickname chosen by the proprietor of the SWAT USA Drops service.

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