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FBI Says Wire Fraud Scam Sending Millions To China
Trailrunner7 writes "The FBI is warning businesses about an ongoing spate of attacks that are stealing millions of dollars from companies through unauthorized bank transfers to Chinese companies. The fraudulent wire transfers are not a new tactic, but the FBI says the current round of attacks is notable in that virtually all of the transfers are going to shell companies based in China and have cost U.S. businesses $11 million. The FBI said that many of the cases it has seen involve well-known pieces of malware, such as Zeus, SpyEye and others. The amount of money the attackers try to transfer varies from $50,000 up to nearly $1 million."
so now Nigeria jobs have moved to china?
I am not able to understand this. They already own USA. Then why are they stealing from something they already own? Well, chalk it up to yet another thing of deep eastern mysticism unfathomable by the shallow western philosophical materialists.
sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
I assume if your using 2 factor authentication it prevents you from an attack like this, because the attacker does not have your 2nd factor only your password?
It's hard to imagine that we still use things like checks and wire transfers. They are extremely vulnerable to fraud, the banks have made no strides to update a system they know is insecure because it's cheaper for them to let their customers suffer or eat the loss than to update to a secure system. Even credit/debit cards which are cloned all the time are easily protected by switching to smart cards instead of magnetic media, but at least in the US no changes have been made (In Canada I did see places now using smart cards for purchases).
Everyone that disagrees with me is a paid shill
Hey, all's fair in love and economic warfare.
"The FBI said that many of the cases it has seen involve well-known pieces of malware, such as Zeus, SpyEye and others. The amount of money the attackers try to transfer varies from $50,000 up to nearly $1 million"
Guess this is another cost to add to those Windows TCO numbers....
Big deal. Our own government policies have sent millions of JOBS to China, and mostly all we get is cheap crud to fill our garages. I have to admire the enterprise of the scam, though, bypassing the middleman and going straight for cash.
But of course some companies are on the other end of the spectrum and make mid level managers to sign off on each cup of coffee bought in airports.
sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
Greetings,
Allow me to introduce myself. I am Xing Liuxian, the son of emperor Xing Liaopeng, hailing from China. Recently my father has passed away leaving a fortune of 10 billion yuan to me and my siblings, however we are unable to receive the full sum inheritance due to recent changes to tax law that would leave us with only 10%. I am seeking an intermediary overseas who would be able to assist us in exploiting a tax loophole which would allow us to inherit the full sum. For these services we would offer you 5% of the full sum, an amount equal to roughly 80 million US dollars. This is not technically illegal however it is in a legal gray area and would be embarrassing to the family if word got out, so if you are able to assist us, please keep this in the strictest confidence.
Regards,
Liuxian
liuxian@xingpalace.cn
"When information is power, privacy is freedom" - Jah-Wren Ryel
Would these 'compromised business computers` be running Windows by any chance? What imdemnification does the OS vendor provide the endusers against being ripped off in this manner?
Dear China,
Please stop or we'll say stop again.
-Barack
I'd like more coverage of the DOJ's investigation into energy price manipulation. Specifically more news on Eric Holder's "disturbing information". We are losing orders of magnitudes more money to that that what a few phony Chinese invoices manage to squeeze out of companies with poor financial controls.
Have gnu, will travel.
Meanwhile the FBI spends more time chasing after pot heads, their dealers (because it's illegal and all), people that copy music and movies, and spy on US citizen because the FISA act says they can.
Chinese people scamming people here? Those 2 over there take care of it but one's on training to learn Chinese and the other is on maternity leave.
Obama's legacy: (N)othing (S)ecure (A)nywhere and (T)error (S)imulation (A)dministration
Odd that they'd use the term "port city", as these don't sound like major transportation hubs. What's interesting is that all these places they've named are actually places on or near the border of Russia and China, in Heilongjiang Province.
If your system puts almost total control over property and ownership in the hands of the government then it will always result in a totalitarian regime no matter how much you want to believe otherwise.
Any system of government can be awesome if you ignore it's inherent faults and focus on what it could be if everything magically worked they way you want it to. Benevolent dictatorships have lots of advantages, except that no one is good enough or smart enough for those to be realized, and most people in power aren't even close to good. Democracy can be awesome, but it takes a lot more than mere popular vote to get there; you have to have tons of checks and balances just to prevent the worst of rights violations to occur, let alone reach it's full potential. Considering how challenging it has been to make democracy work, just imagine how much harder it would be if the state had even more centralized power. But that is exactly what communism does. If we want to increase liberty we need power to be more widely distributed not less, and removing property rights does the opposite of that.
So, excuse me if I chose to judge socioeconomic systems on reality rather than fantasy.
I am not able to understand this. They already own USA. Then why are they stealing from something they already own? Well, chalk it up to yet another thing of deep eastern mysticism unfathomable by the shallow western philosophical materialists.
The biggest owners of the US Debt are US Citizens and companies.
http://www.mint.com/blog/trends/who-owns-the-u-s-debt-07152010/?display=wide
China only owns ~25% of the foreign holdings, which is only 23% of the debt, so basically they own ~6% of our debt.
In the infographic, the "Federal Reserve and US Intragovernmental holdings" is mostly money lent out to print money and Social Security accounts.
So the government for the past 30+ years has been spending like a drunk sailor (on wars, and corporate welfare) using YOUR social security deposits, and now wants to cut your benefits to "settle the balance". How nice of them.
I'd prefer they pay back Social Security by running a damn surplus for a few years. Start by stripping the corporate welfare and "loosened tax rates" for billionaires and other tax cheats.
Make sure everyone's vote counts: Verified Voting
I don't get it . We are always hearing about China stealing our money, our technology and pretty well anything they can get their hands on.
It's as if the China government has declared War on us and they are starting by just taking everything they possibly can.
I find it odd that they can't track the actual recipients of all this money. Is it government sponsored? I guess that's all I want to know.
Yet, China directs their large number of attacks at the west, mostly America, to drain us of cash. Smart on their part.
I think of all the lovers of that on this site, mostly from the west, who do not think once about the fact that this is backed by the CHINESE GOV.. If the CIA was backing such an operation, these same ppl would be screaming bloody murder and saying that we were in an active war with somebody. Hell, I have seen ppl here support CHina's attack on the west, while being upset about the west's stuxnet attack on Iran's nuclear weapons program.
Just amazing.
I prefer the "u" in honour as it seems to be missing these days.
I see what you're doing there!
Seriously, I invite you to learn what communism is supposed to be. If you spend even a little time learning about that and about human behavior, especially from a sociological perspective, you will see pretty clearly that communism is a huge lie that can never happen because people are involved.
The same can be said for Libertarianism. Both belief systems are based on fundamental misunderstandings of human nature: communism is founded on the notion that workers are somehow less corrupt and greedy than the rich and the despised middle class, libertarianism on the concept that humans will somehow behave at all times, in regards to all decisions, in a thoroughly rational manner, based strictly on their own self-interest, particularly where money is concerned. Both are utterly laughable ideas. The first would qualify as charmingly naive, were it not for the millions persecuted, imprisoned, and killed by so-called "communist" regimes that were, at best, merely industrial-grade authoritarianism dressed up in socialist clown suits. (Since there never has been - and never will be - a Libertarian paradise on Earth, the Libertarian delusion actually does qualify for the "charmingly naive" sobriquet.)
Greed and selfishness are permanent features of human nature. Any political theory that denies that fact is predestined to fail. Likewise, humans are stubbornly irrational critters, prone to making decisions for silly, provably-wrong, and/or strictly emotional reasons that wind up being completely contrary to their personal self-interest. And any political theory that studiously turns its pretty head away from THAT fact is, likewise, doomed from the git-go to fail hilariously.
Check out my novel.
You have to be kidding me with "STEALING our jobs". They didn't steal anything.
You're such an idiot you don't even realize it. In your first point (manipulating currency) you defend free markets/no interventionism, but then when you utter such nonsense as "stealing our jobs", you preach the opposite.
Get out of your linux every once in a while and learn about the real world out there, which is complex, has no clear evil, and has a million shades of gray.
Doesn't seem like such a big deal. Just the 77 million stolen accounts from PSN could be worth about that already.
So is this just another China = bogeyman propaganda piece?
11 million is just a rounding error compared to how much the Federal Reserve, investment bankers etc have taken from the US people.
That's such an accurate blanket statement that it should be on a bumper sticker or a tattoo.
Defend yourselves vs. both SpyEye &/or Zeus botnets, via these 2 sites that track the entire server network of both the ZEUS &/or SpyEyE botnets:
---
SPYEYE TRACKER:
https://spyeyetracker.abuse.ch/monitor.php
ZEUS TRACKER:
https://zeustracker.abuse.ch/monitor.php?filter=online
---
I populate (and have been doing so for years since 1997 or thereabouts for many malicious websites/servers) a custom HOSTS file vs. them (along with firewall rules tables (software here usually, as my router rules table is NOT that allowably "big" in my LinkSys/CISCO unit))...
HOWEVER: You can do it exclusively in better routers out there, or purely by firewalls in software too (because they cover IP addresses whereas HOSTS files do not - however, a good 99% of the attackers use host/domain names, because they are "recyclable" & these 2 botnets in particular, are NOTORIOUS for it (they must have learned a 'trick-or-two' from the RBN (russian business network)).
I just believe in the concept of "layered security", so I do them all... as layered security is currently the best thing we have going!
... * Some "Food-4-Thought" & yes, it really works!
APK
P.S.=> Enjoy... apk
http://it.slashdot.org/comments.pl?sid=2108554&cid=35957832
APK
P.S.=> Now, I am pretty much SURE that ANY competent network administrator OR security professional's out there doing the same, for their home systems &/or work systems as well... & if they're NOT? Well, I personally do NOT consider them very competent (as that is a HUGE part of their jobs)... apk
How difficult it is to have large sum of money cross oceans. Seriously. 1000$ would go easy... but 1 000 000$ and you'll be impressed by the sheer amount of red tape required.
This fraud can't work without a US broker doing the job of converting the money.
Forget the Chinese shells, go for the US crook.
APK troll is troll, writes malware, and behave like a 3 year old. Time to go play with your own age APK, we are just not interested in your bullshit.
"Wait until he starts on another kick, then reply to him as an AC. It's the new meme". - by tomhudson (43916) on Sunday May 09 2010, @08:29PM (#32150544) Homepage Journal
QUOTED VERBATIM FROM -> http://slashdot.org/comments.pl?sid=1646272&cid=32150544
AND... IF I am a "malware maker" as you say? I'd have to be the DAMN DUMBEST ON THE PLANET!
Why? This:
http://www.bing.com/search?q=%22HOW+TO+SECURE+Windows+2000%2FXP%22&go=&form=QBRE
I also created the 1st guide for securing Windows, highly rated @ NEOWIN (as far back as 1998-2001) here:
http://www.neowin.net/news/apk-a-to-z-internet-speedup--security-text
AND, more currently, the MOST viewed & highly rated one there is for years now since 2008 online:
http://www.bing.com/search?q=%22HOW+TO+SECURE+Windows+2000%2FXP%22&go=&form=QBRE
Which has well over 300,000++ views online (actually MORE, but 1 site with 75,000 views of it went offline/out-of-business) & it's been made either:
---
1.) An Essential Guide
2.) 5-5 star rated
3.) A "sticky-pinned" thread
4.) Most viewed in the category it's in (usually security)
5.) 2.) Got me PAID by winning a contest @ PCPitStop (quite unexpectedly - I was only posting it for the good of all, & yes, "the Lord works in mysterious ways", it even got me PAID -> http://techtalk.pcpitstop.com/2007/09/04/pc-pitstop-winners/ (see January 2008))
---
Across 15-20 or so sites I posted it on back in 2008... have YOU done better, troll?
No, obviously.
(So much for your attempts @ "discrediting me" with "std. troll disinformation protocol", because it falls apart in the light of FACTS... easily! Just "too, Too, TOO EASILY" in fact!)
APK
P.S.=> So much for that, tomhudson... lol! Because YOU, by way of comparison, to myself? ARE A BOTNET MAKER!
Proof? Ok & again, I'll let tomhudson speak for himself:
"As I've pointed out elsewhere, it is a trivial exercise to design a C&C that can bypass the whole HOSTS thing" - by tomhudson (43916) on Friday April 01, @11:30AM (#35688796) Homepage Journal
FROM http://slashdot.org/comments.pl?sid=2051634&cid=35688796
and
"Do like I did - work for the Russians for a few years" - by tomhudson (43916) on Monday June 28 2010, @11:09AM (#32716798) Homepage Journal
FROM http://tech.slashdot.org/comments.pl?sid=1699526&cid=32716798
Doing what though? Building botnets?? Evidently so!
I have ALSO asked to see work you've done, & you show nothing, no proof. I have showed you mine with letters from users this & last month still using wares I wrote nearly 20 yrs. ago that still do the job better than competitors (CCleaner).
Well - I also blew that away on your "design of your botnet" & showed HOW TOO EASY IT IS TO STOP TOO, which you RAN FROM, here:
---
"SEE TOM RUN:
http://slashdot.org/comments.pl?sid=2084000&cid=35823050
---
Which you ran from... lol!
I rest my case!
... apk
http://it.slashdot.org/comments.pl?sid=2059420&cid=35654066
Not to worry. Those dollars are coming right back to you good citizens. As a loan, to pay for our Medicare. It's all part of the circle of incompetence.
Speaking of which, would someone who's knowledgeable on the matter care to comment on the Chinese/US exchange rate mechanism?
I mean, the Chinese can say that "Henceforth the yuan will be worth X". But how can you make people obey that?
Or does Chinese government just print/destroy money as required to maintain the exchange rate? If so, it's really hard to discern what the difference between that, and the Fed's "quantitative easing" (basically, "printing" money) is.
I'm not a lawyer, but I play one on the Internet. Blog
With the iPhone locaiton scam in full gear and the PSN hacked to smitheirinzes ... the FBI is rolling in big dollars!
To help ... Obama throws a fake ... i.e. fake birth certificate ... actually 2 ... to molify the crowd.
iPhone users and PSN users. Your credit card are now owned by Barak Hussien Obama II.
I hope you all enjoy paying for Barak-O-Vision's re-erection.
Tha tha.
Was THIS unexpected? No! So, without further adieu?? "STRAIGHT OUTTA 'KOWLOON'":
"APK troll is troll, writes malware" - by Anonymous Coward on Wednesday April 27, @07:29PM (#35958632)
Just what a REAL "malware maker/botnet herder" might say!
* To try to protect his time & efforts expended on keeping the ZEUS &/or SpyEyE botnet going!
APK
P.S.=> Lmao, give me a break - especially vs. my other replies to you, & mostly, this one -> http://it.slashdot.org/comments.pl?sid=2108554&cid=35958806
... apk
Mod parent Insightful!
"When information is power, privacy is freedom" - Jah-Wren Ryel
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