Financial Crime Online

BadB; not a gangsta rapper but allegedly a credit card fraud kingpin. Vladislav Horohorin, 27 years old, has a Ukrainian and Israeli passport and is the main suspect in an US led undercover investigation. BadB has been around (on the internet) for years bragging and boosting about his fraud. He has been offering stolen credit [...]

So you want to get money out of an ATM that is not yours. What will be your weapon of choice? Blow it up (and hope that the bills are still worth something and you live to spend them) or start skimming debit cards at an ATM and make counterfeit cards for your personal use? [...]

It is one of a bank’s worst nightmare. And it probably is one of yours. Imagine someone that can access your personal financial data to steal it and abuse it. Banks do (almost?) everything they can to prevent unauthorized access to your data but bank staff themselves obviously need to have access to your data [...]

Hacking and banking; 2009 was full of it. Law enforcement was able to capture a ring of hackers responsible for some major 2008 bank data thefts and subsequent fraudulent transactions. ‘Hacking and fraudulent banking’ is likely attractive enough from a risk/reward point of view to see whole floods of hackers trying their luck (or testing [...]

Two alleged hackers in their twenties and an unknown “Hacker 3″ have been indicted on charges of hacking into a computer network operated by the Atlanta-based credit card processing company RBS WorldPay. The indictment alleges that the group used sophisticated hacking techniques to compromise the data encryption that was used by RBS WorldPay to protect [...]

The Nigerian/419/advance fee fraud is not our favorite topic. Why not?  Because it is still there, after decades, virtually unchanged. Boring. But still a multi million dollar fraud and money laundering business. Although a lot of people blame law enforcement for not getting the problem under control, it will take public private partnerships to tackle [...]