More Money, More Web Scams

Date: July 23, 2009
Source: darkreading.com


At Black Hat USA, WhiteHat Security researchers to highlight more and bigger-dollar hacks that don't use malware or security bugs

There was the iPod repairman online who allegedly pulled in a half-million dollars defrauding Apple and its iPod customers. There was also the hacking-for-hire scheme that made the bad guys a tidy nine-figure profit.

While the security industry spends most of its energy and resources on malware- and vulnerability-based methods of attack, a lesser-known and more lucrative world of hacking is going on right under our noses that rarely comes to light unless it makes the general news. These are the low-tech and no-tech attacks and scams that don't require malware or scanners, and they are rarely reported because they don't typically involve reporting stolen credit cards or other personal information. "This is the easier, higher dollar [attacks]," says Jeremiah Grossman, CTO of WhiteHat Security. "These almost never get reported...they are basic fraud losses that everyone keeps quiet about."

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