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How the Phishing Biz Works

Carl Bialik from the WSJ writes "Christopher Abad has spent much of the past six months 'stalking the phisher underground,' Lee Gomes writes in the Wall Street Journal. 'The typical phisher, he discovered, isn't a movie-style villain but a Romanian teenager, albeit one who belongs to a social and economic infrastructure that is both remarkably sophisticated and utterly ragtag. If, in the early days, phishing scams were one-person operations, they have since become so complicated that, just as with medicine or law, the labor has become specialized.' For instance, a phisher in Romania who successfully scores account information for someone in the U.S. may go on IRC to seek out a 'casher' to withdraw money from the target's account, and send a cut back to the phisher."

12 of 321 comments (clear)

  1. Re:Phishing for an FP by Anonymous Coward · · Score: -1, Offtopic

    Wow, that's a real beauty! Well done, seriously :)

  2. Before you dis romanians by Anonymous Coward · · Score: 0, Offtopic

    Remember that that cold soldering iron "Cold Heat" you see advertised on TV late night was invented by Romanian immigrants.

    And yeah i use the product it beats the shit out of older soldering irons.

    1. Re:Before you dis romanians by CptTripps · · Score: -1, Offtopic

      er...what the hell does that have to do with ANYTHING?

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      My .sig can beat up your honor student.
    2. Re:Before you dis romanians by tomstdenis · · Score: -1, Offtopic

      What you mean a soldering iron shouldn't work on four AA batteries? You lie!

      Getting hooked on crappy TV ad: 29.95$

      Going to store to buy four AAA batteries: 10$

      Going to store to return AAA and buy AA: 2$

      Current draw of average soldering iron: 500mAh.

      Average battery capacity: 2100mAh.

      Going through 8 AA batteries a day: Priceless.

      Tom

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      Someday, I'll have a real sig.
    3. Re:Before you dis romanians by Gulthek · · Score: -1, Offtopic

      Well, to be fair, it does have something to do with soldering; which is clearly something.

      It's more than a stretch to make it relevant to the topic though.

  3. yuo fail it. by Anonymous Coward · · Score: -1, Offtopic

    is mired in a8 Survive at all a BSD bOx (a PIII If *BSD is to

  4. Re:socialism by tomstdenis · · Score: 1, Offtopic

    Canada has 40% unemployment?

    Do a google search you xenophobic fucking idiot.

    http://www.statcan.ca/english/Subjects/Labour/LFS/ lfs-en.htm

    Wow it's 7% in Canada.

    What's it in the USA?

    http://www.bls.gov/

    It's 5%.

    Yeah, we're SOOO WORSE off here in Canada....

    Tom

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    Someday, I'll have a real sig.
  5. Obligatory by stud9920 · · Score: -1, Offtopic
    here in Brazil it's not like Korea: it is not so common to see old people using computers
    In Korea only old people use computers.
  6. Excellent....typical Zonk article by Anonymous Coward · · Score: -1, Offtopic

    fluffy, stupid, sympering, cooing, ahhing.

    The white middle class intellectual elite sipping coffee at a overpriced boudoir for gay and lesbian professionals whilst they nibble like a mouse on a nut cutlet, thinking about the enlightening wonders they are going to write in their blog that their only 2 friends in the world pretend they read.

    Shall I reflect on another day in my cubicle ?
    Or shall I dig up some freakshow 'souly' thing about what those in exotic places do for kicks ?

    oooooooooooo...decisions..decisions...

  7. Re:Feh... by Anonymous Coward · · Score: -1, Offtopic

    It's always America's fault.

  8. Re:Stereotype by patio11 · · Score: 0, Offtopic

    If I hadn't blown my mod points yesterday that would have been +1 funny.

  9. Re:Huh? by zoney_ie · · Score: 1, Offtopic

    Yeah, because commuting to an office 2 hours each way and sitting in a cubicle isn't soul destroying at all.

    Capitalism is almost as much a lie as communism. The people at the top completely get to screw over the ordinary worker.

    It may not look entirely bad in the US, but have you seen capitalism in action in places where people (including kids) work half the day (12hrs+) in appalling conditions for pittance?

    Even in somewhere that's a halfway house like Eastern Europe, people often can't afford to, for example, move out of their parent's house. They're coming to places like the UK and Ireland (full work permitted by new EU members there) where for now they can get better paying jobs, but it's a system in decline. Wages will have to continue to decline in the West too - and wages will only go up slowly and to a lower plateau elsewhere.

    Ultimately, capitalism and the Western system will fall too. It is a lie (look at the US deficit - an entire economy running on a gaping overdraft). It will just take longer - and may be propped up for more than a century through the continued exploitation of the rest of the world.

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