Saudi ambassador to UK voted MENA diplomat of 2025    Saudi Awwal Bank signs SR2 billion credit facility with Saudi Binladin Group to propel development of King Fahd Sports City in Riyadh    Feast of Flavors and Prizes: LuLu Hypermarket kicks off the "World Food Festival" across Saudi Arabia    Pakistan closes airspace, suspends visaas in tit-for-tat measures against India    Saudia Group signs deal with Airbus for flyadeal's first wide-body aircraft    Saudi non-oil exports surge 14.3 percent to SR26.11bn in February    Saudi, Greek ministers co-chair inaugural meeting of Strategic Culture Committee    Israeli strikes across Gaza kill at least 26, Palestinian officials say    Trump's trade war olive branch met with derision and mistrust inside China    Ministry of Justice launches centralized court model to enhance judicial efficiency    Kyiv hit by deadly Russian missile and drone attack    Saudi Arabia elected chair of Asia region of World Meteorological Organization    Saudi Theater Commission launches its Work and Learn Project in UK    The season has begun — and one comment shook us all    Jennifer Lopez dazzles in Jeddah with a Formula 1 performance    Saudi Arabia open to expanded 64-team World Cup in 2034, says sports minister    Average life expectancy in Saudi Arabia rises to78.8 years    Super Max Verstappen scorches to pole with record lap in Jeddah    Film Commission launches 'Cinema' initiative to enhance content    Famed Philippine film star Nora Aunor dies at 71    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Internet crooks craft simple counterfeiting scam
Published in The Saudi Gazette on 29 - 07 - 2010

Think of it as one more reason not to write checks.
Hackers believed to be operating out of Russia have figured out a high-tech way to carry out the decidedly low-tech crime of check fraud, a computer security company says - writing at least $9 million in fakes against more than 1,200 legitimate accounts.
But these hackers got the account information in an unusual way: They broke into three websites that specialize in a little-known type of business - archiving check images online.
Check counterfeiting is a crime that savvy Internet criminals usually pass up. After all, it's far easier for them to make money by stealing credit cards and online banking passwords.
The scam was discovered by SecureWorks Inc., an Atlanta computer security company. The organization says it is working with the FBI and says the hackers have not been caught.
Retailers and other businesses use the sites to store records of all the checks they write. Check-cashing operations use them to sock away images of checks they receive. And some banks pay them to store images of customers' checks, so the customers can see them when they log in to their online banking accounts.
The criminals downloaded all the images they could find, grabbing bank routing numbers, names and addresses and even signatures of legitimate account holders. They used the information to create their own checks using easy-to-acquire software and printers.
Because all the account information is real and the victims don't know their accounts have been compromised, the odds of the checks going through are high.
SecureWorks notified the three sites and said they have closed their security holes, but warned that the scam is ongoing and targeting other, similar sites.
The research was being released in conjunction with the Black Hat computer security conference in Las Vegas, which runs Wednesday and Thursday and draws security professionals from around the world to hear about the latest vulnerabilities and attacks and ways to thwart criminals.
Notable presentations this year are to include a demonstration of how to break into widely used ATMs, a talk that was pulled last year by the researcher's employer after complaints from the ATM maker. Researchers are also expected to discuss vulnerabilities in smart phones and in the technology used to secure online transactions.
A consistent theme at Black Hat, and at the related DefCon conference this weekend in Las Vegas, is that most Internet criminals are now motivated by money rather than mayhem.


Clic here to read the story from its source.