Sunday, 7. August 2016

Nigerian Scammers Infect Themselves With Own Malware, Revealing New Wire-Wire Fraud Scheme


A pair of security researchers recently uncovered a Nigerian scammer ring that they say operates a new kind of attack called “wire-wire” after a few of its members accidentally infected themselves with their own malware. Over the past several months, they’ve watched from a virtual front row seat as members used this technique to steal hundreds of thousands of dollars from small and medium-sized businesses worldwide. “We've gotten unprecedented insight into the very nitty-gritty mechanics of their entire operation,” says James Bettke, a researcher at SecureWorks, a subsidiary of Dell Inc. focused on cybersecurity. Bettke and Joe Stewart, who directs malware research for SecureWorks, are presenting the details of their findings this week at the annual Black Hat security conference in Las Vegas.

spectrum.ieee.org

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