Rent-a-Fraudster: A Fascinating Look at the Cybercrime Underworld

KrebsOnSecurity.com reports that a call service catering to online bank and identity thieves has been busted by U.S. and international authorities. The takedown provides a fascinating look at a special niche of service providers in the cybercrime underworld. Suppose, for example, you're a cybercriminal with a thick Russian accent, you have all the appropriate information about David Smith that his bank requires to transfer money, and you want to move $250,000 from David Smith's bank account but Smith's bank requires an out-of-band phone call with the bank before they'll release the money. To get your $250,000, you rent an English-speaking fraudster who calls the bank for you! Another rent-a-fraud service provides a password-protected Web site catering to customers with stolen credit cards. Yet a third Web site, appropriately named the "Fraud Shop," manages cybercriminal transactions at legitimate Web sites, even arranging for shipping stolen merchandise to mules.

Read the story at KrebsOnSecurity.com ...