by TerranceBoyce
Wed Jun 25, 2014 7:39 am
http://www.v3.co.uk/v3-uk/news/2351946/luuuk-hack-campaign-steals-eur500-000-in-one-week-from-european-bank?
To my limited computer knowledge there is no way to hack a major international bank's computer system. Referring to it having " a Zeus flavour using sophisticated web injects on the victims" suggests that it is achieved by means of customers/victims being tricked in to downloading malware on to their own computers and log-in details being obtained that way.
The risks of inadvertently downloading such malware cannot be stressed enough. I find this comment in the article interesting.
We know ourselves how hard criminal try to recruit innocent 'dupes' as 'money mules', but it is equally true that they find it incredibly easy to open fraudulent accounts with UK banks (and I have links to many examples - one particularly interesting example I'll add to this thread).
For those who're interested in how these fraud structures function, and also to scam baiters who attempt to disrupt their activities, this information is of interest.
It cannot be stressed enough how important it is that accounts used to dispose of stolen cash are shut down, and how equally important it is to prevent 'dupes' being recruited as 'money mules' because the repercussions for them can be very serious.
25 Jun 2014
A cyber scam has stolen at least €500,000 from customers of a "large European bank" has been uncovered by Kaspersky Lab researchers.
To my limited computer knowledge there is no way to hack a major international bank's computer system. Referring to it having " a Zeus flavour using sophisticated web injects on the victims" suggests that it is achieved by means of customers/victims being tricked in to downloading malware on to their own computers and log-in details being obtained that way.
The risks of inadvertently downloading such malware cannot be stressed enough. I find this comment in the article interesting.
The scam reportedly involves a multitude of different groups spreading the money to various specially created bank accounts using "money mules". The different groups spreading the cash are reportedly responsible for handling differing amounts of money, and once in the accounts the cash is taken out of an ATM.
We know ourselves how hard criminal try to recruit innocent 'dupes' as 'money mules', but it is equally true that they find it incredibly easy to open fraudulent accounts with UK banks (and I have links to many examples - one particularly interesting example I'll add to this thread).
For those who're interested in how these fraud structures function, and also to scam baiters who attempt to disrupt their activities, this information is of interest.
The scam reportedly involves a multitude of different groups spreading the money to various specially created bank accounts using "money mules". The different groups spreading the cash are reportedly responsible for handling differing amounts of money, and once in the accounts the cash is taken out of an ATM.
Diaz said the structured approach to transferring the money indicates that the scam is being run by an organised group. "These differences in the amount of money entrusted to different 'drops' may be indicative of varying levels of trust for each ‘drop' type. We know that members of these schemes often cheat their partners in crime and abscond with the money they were supposed to cash," he said
"The Luuuk's bosses may be trying to hedge against these losses by setting up different groups with different levels of trust: the more money a ‘drop' is asked to handle, the more he is trusted."
It cannot be stressed enough how important it is that accounts used to dispose of stolen cash are shut down, and how equally important it is to prevent 'dupes' being recruited as 'money mules' because the repercussions for them can be very serious.
Last edited by TerranceBoyce on Wed Jun 25, 2014 9:19 am, edited 1 time in total.
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