You would think that after decades of analyzing and fighting email spam , there’d be a fix by now for the internet’s oldest hustle—the Nigerian Prince scam. In fact, groups of fraudsters in Nigeria continue to make millions off of these classic cons. And they haven’t just refined the techniques and expanded their targets—they’ve gained minor celebrity status for doing it. On Thursday, the security firm Crowdstrike published detailed findings on Nigerian confraternities, cultish gangs that engage in various criminal activities and have steadily evolved email fraud into a reliable cash cow. The groups, like the notorious Black Axe syndicate, have mastered the creation of compelling and credible-looking fraud emails. The whole idea is why invest hundreds of thousands of dollars to build your own malware when you can just convince someone to do something stupid? And they’ve embraced this identity. Advanced Nigerian groups have lately increased the amounts they make off with in each attack by targeting not just individuals but small businesses. With so many many third parties, clients, languages, time zones, and web domains involved in daily business, it can be difficult for a company with limited resources to separate out suspicious activity from the expected chaos. Nigerian scammers will send tailored phishing emails to a company to get someone to click a link and infect their computer with malware.
Canadian charged in Yahoo hacking case to plead guilty in U.S.
Prosecutors describe Karim Baratov as an “international hacker for hire. Baratov pleaded guilty in November to nine felony hacking charges, which included helping Russian government spies gain access to Yahoo email accounts. In his plea, he admitted to hacking thousands of webmail accounts over seven years, sending those accounts’ passwords to a Russian spy in exchange for money. The attacks allowed Baratov, co-defendant Alexsey Belan, and two Russian Federal Security Service agents to gain direct access to Yahoo’s internal networks.
And that access enabled them to target specific accounts of interest to the Russian spies.
Baratov, 23, pleaded guilty in November to nine felony hacking charges. He was arrested in Hamilton in March under the Extradition Act after American authorities indicted him for computer hacking, economic espionage and other crimes. In August , Baratov decided to forgo his extradition hearing to face the charges in California.
His Canadian lawyer at the time said that the move was to speed up the legal process. Meanwhile, U. They said Russian security service hired Baratov to target dozens of email accounts using information obtained from the Yahoo hack. The court documents allege Baratov claimed he could access webmail accounts maintained by Google and Russian providers such as Mail.
Ru and Yandezx. He would provide customers with a screenshot of the hacked account and promised he could change security questions so they could maintain control of the account. The U.
1 bn Yahoo accounts on sale, despite hacking indictments: Media
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The officers of the powerful FSB, Russia’s Federal Security Service, are accused of employing cybercriminals to access Yahoo’s systems and steal data on millions of ordinary users as well as U. Interviews with security experts, hackers and people close to the Russian cybercriminal world suggest that the FSB’s ties to cybercrime date back years and are mediated through a web of intermediaries and lubricated by blackmail and cash.
Belan also is alleged to have simultaneously used the data to run a spamming network to look for financial information for personal profit. Dokuchaev, a year-old major in the FSB’s Information Security Center, was arrested in December as part of a treason case, Russian media have reported. The U. Justice Department would not confirm that account.
In a interview with the Russian newspaper Vedomosti, Forb boasted of making money from credit-card fraud and breaking into U. Little is known about the nature of the treason charge. President Vladimir Putin’s spokesman Dmitry Peskov said the Kremlin learned about the indictments from the media and hasn’t received any official information.
He also reaffirmed Russia’s denial of any official involvement in hacking. The FSB press service had no immediate comment on the indictment, and the agency did not reply to earlier faxed questions about its broader contacts with hackers. Along with Dokuchaev, at least three other men reportedly were arrested in the treason case, including Col. Although details are sparse, that case has highlighted apparent links between the FSB and cybercrime.
Russia has long been known for its dynamic cybercriminal underworld, which is fueled by high technical standards and the opportunity for significant financial rewards.
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She is an information technology executive, and co-founder of Lumi Labs. Mayer formerly served as the president and chief executive officer of Yahoo! It was announced in January that she would step down from the company’s board upon the sale of Yahoo! Mayer was born in Wausau, Wisconsin , the daughter of Margaret Mayer, an art teacher of Finnish descent,  and Michael Mayer, an environmental engineer who worked for water companies.
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Beaten-down tech shares help boost major US indices to fresh record highs ahead of another expected rise in official US interest rates. Technology companies like Facebook and Microsoft recovered ground after a two-day sell off. The finalisation of the deal was delayed by massive cyber security breaches at Yahoo as more than 1 billion email accounts were hacked.
Verizon is reportedly planning to axe about 2, jobs or 15 per cent of the 14, staff at Yahoo and AOL. The parts of Yahoo not bought by Verizon will be renamed Altaba. It owns a Uber’s chief executive, Travis Kalanick, will take a leave of absence from the ride booking firm amid a string of scandals including sexual harassment and discrimination. The company will be run by a management committee and Mr Kalanick will be relieved of some management responsibilities.
Mr Kalanick outlined the decision in a memo to staff as the company released a report from former US attorney-general Eric Holder, which recommended changes to Uber’s workplace, including more diversity and tackling a culture which tolerates sexual harassment, bullying and retaliation against workers who report problems.
Bail hearing scheduled for Canadian man accused in Yahoo email hack
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along with a pair of Russian intelligence officers and a fourth man in the massive breach of information from former tech giant Yahoo.
In this Dec. Belan also is alleged to have simultaneously used the data to run a spamming network to look for financial information for personal profit. The U. Justice Department would not confirm that account. In a interview with the Russian newspaper Vedomosti, Forb boasted of making money from credit-card fraud and breaking into U.
Little is known about the nature of the treason charge. The FSB press service had no immediate comment on the indictment, and the agency did not reply to earlier faxed questions about its broader contacts with hackers. Along with Dokuchaev, at least three other men reportedly were arrested in the treason case, including Col. Although details are sparse, that case has highlighted apparent links between the FSB and cybercrime. Russia has long been known for its dynamic cybercriminal underworld, which is fueled by high technical standards and the opportunity for significant financial rewards.
The most talented Russian hackers work for groups that carry out big financial heists, said Alexander Gostev, chief security expert at Kaspersky Lab, a cybersecurity firm. This community is run by about 20 kingpins who have technical skills but are more notable for their management abilities and contact networks, he said. Outgoing U. The FSB is more aggressive than the military and foreign intelligence agencies, which run more traditional intelligence operations, according to Galeotti.
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A U.S. indictment of two Russian intelligence agents and two hackers alleged the FSB’s ties to cybercrime date back years and are mediated through a web Along with Dokuchaev, at least three other men reportedly were.
And now, it is even bigger. Last year, Yahoo said the attack on its network had affected one billion accounts. Three months before that, the company also disclosed a separate attack, which had occurred in , that had affected million accounts. Digital thieves made off with names, birth dates, phone numbers and passwords of users that were encrypted with security that was easy to crack. The intruders also obtained the security questions and backup email addresses used to reset lost passwords — valuable information for someone trying to break into other accounts owned by the same user, and particularly useful to a hacker seeking to break into government computers around the world.
Yahoo was combined with AOL, another faded web pioneer that Verizon bought in , into a new division of the telecommunications company called Oath. That investigators did not discover the full extent of the incident before Verizon closed the deal to acquire Yahoo in June was surprising to outside cybersecurity analysts. Kaplan said. The company said it would continue to work closely with law enforcement. The company said it did not have more to add beyond an additional fact sheet for users.
Yahoo was hit with several shareholder lawsuits after the breaches became public, and the disclosure that data on all of its accounts was compromised could increase financial liabilities for Verizon. No one knows exactly what happened to the data after it was stolen in Cybersecurity professionals warned that because many of the three billion Yahoo accounts belong to people who use the same passwords for different sites and services, there is likely to be an escalation of email fraud and account takeovers.
Nigerian Email Scammers Are More Effective Than Ever
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A former Yahoo software engineer has pleaded guilty to hacking into the accounts of some 6, Yahoo users in search of sexual photos and videos. A conspiracy theory about a murdered Democratic National Committee staffer that was repeatedly brought up on Fox News and by allies of President Donald Trump was planted and promoted by Russian intelligence, according to an investigation by Yahoo News.
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All 3 Billion Yahoo Accounts Were Affected by 2013 Attack
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