nigerian fraud scheme fakes bank websites

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news information must be hard- coded into the user’s system. The PKI challenge partici- pants fixed this temporarily by using a virtual directory, which is preprogrammed with the information of where all the other directories are located. Hodgson men- tioned that noone is responsi- ble for the directory issue currently and they are seeking volunteers. Hodgson told Computer Fraud & Security that a number of organiza- tions could take responsibility for this but it would be com- plicated, difficult to adminis- trate and allocate cost. Another big pitfall is con- figuration, where users are presented with too many options, clicking on certain options could restrict users from interacting with other users.This could be eliminat- ed if vendors offered a stan- dard set of options. There is a functionality gap with some applications, for exam- ple the option of clear-signed and opaque signed emails — the user email application should read both. There is also a problem where ven- dors are introducing new fea- tures at different rates. Hodgson says that a success- ful outcome would involve an agreement to fix the main problems and to actually get the PKI vendors to talk to each other. Global PKI vendors partici- pating in the PKI Challenge have nearly finished testing and the results are due in November although according to Hodgson, making the dead- line will be tight. More inter- operability can only be good but Hodgson provides a reminder to PKI users that they will have to support the cost that increased interoper- ability brings. After the testing is complet- ed the report will be submit- ted to the EC. Fraud Roundup Nigerian fraud scheme fakes bank websites The Nigerian fraud scheme is very inventive at deploying all imaginable methods to lure victims. Recently the UK’s National Criminal Intelli- gence Service says that two Canadians lost more than £100 000 after visiting a fake version of a high street British bank’s website. The criminals behind the scam have not been caught but according to an NCIS spokesperson, they “suspect the crime has West African links”. The only difference in the fake bank website compared to the original was the domain name had ‘the’ present in front of it. NCIS reports that the site has been shut down and the British bank has swiftly purchased all similar varia- tions of its own domain name. An NCIS spokesperson told Computer Fraud & Security that the fake bank website is yet another tactic for tricking victims into thinking the offer of $24 million dollars in the Nigerian fraud scheme is gen- uine. Originally bank certifi- cates were produced to give the hoax authenticity. These bank certificates have now been replaced by hoax web- sites, looking identical to rep- utable banks, the victim is sent the fake website url and a password. The victim logs in and is able to view an enor- mous transaction in their name in what seems to be a valid online account. The NCIS has had a recent success in arresting 18 people in conjunction with a similar fake website involving the Reserve Bank of South Africa. Although the spokesperson from NCIS believes that the perpetrators in this case are not the same as those involved in the UK Bank. Earlier this year the NCIS pre- dicted that hi-tech crime would increasingly exploit Web spoofing and this has materialised in these recent cases.Fr Hoax email captures Yahoo’s customer credit numbers A fraudulent email has been sent out by an unidentified party posing as part of the Yahoo! organization to Yahoo PayDirect! customers asking them for credit card numbers. Yahoo PayDirect! charges over one million customers for services. Yahoo retaliated by sending out another mass email warning customers to ignore the bogus email. A spokesperson from Yahoo! said “it’s been bought to our attention that an individual or group of individuals posing as part of our organization have sent out an email to users in order to trick them into giving their online account informa- tion”. According to reports from Reuters a Yahoo spokesperson has confirmed that a minority of customers had supplied their credit card details. E-commerceRoundup Web services — hesitations in US Evans Data Corp has announced the results from its latest North American Developer Survey which highlights the main draw- backs to developers using Web services. The highest concern cited by developers was security (26%) with lack of standards coming a close second at (24%). Although this hesitation will not get in the way of Web services implementation across the board because 39.% of devel- opers are currently develop- ing Web-enabled applications and and 91% expect to deploy Web services in the next two years. According to Evans Data, “Web services are rapidly gain- ing prominence with more than nine in 10 developers expecting their companies to use Web services in the next two years. According to the survey, the main obstacles to creating Web services; are the lack of established Web ser- vices standards, concerns about end-to-end security and understanding the architec- ture. The existing security mea- sures that are most likely to be implemented by developers are XML encryption(46.4%), XML digital signatures (42%) and SOAP (also 42%). Whitfield Diffie, a distin- guished Sun engineer said that industry is “moving towards a Web services environment”. 3

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Page 1: Nigerian fraud scheme fakes bank websites

news

information must be hard-coded into the user’s system.The PKI challenge partici-pants fixed this temporarilyby using a virtual directory,which is preprogrammedwith the information ofwhere all the other directoriesare located. Hodgson men-tioned that noone is responsi-ble for the directory issuecurrently and they are seekingvolunteers. Hodgson toldComputer Fraud & Securitythat a number of organiza-tions could take responsibilityfor this but it would be com-plicated, difficult to adminis-trate and allocate cost.

Another big pitfall is con-figuration, where users arepresented with too manyoptions, clicking on certainoptions could restrict usersfrom interacting with otherusers.This could be eliminat-ed if vendors offered a stan-dard set of options. There isa functionality gap withsome applications, for exam-ple the option of clear-signedand opaque signed emails —the user email applicationshould read both. There isalso a problem where ven-dors are introducing new fea-tures at different rates.

Hodgson says that a success-ful outcome would involve anagreement to fix the mainproblems and to actually getthe PKI vendors to talk toeach other.

Global PKI vendors partici-pating in the PKI Challengehave nearly finished testingand the results are due inNovember although accordingto Hodgson, making the dead-line will be tight. More inter-operability can only be goodbut Hodgson provides areminder to PKI users thatthey will have to support the

cost that increased interoper-ability brings.

After the testing is complet-ed the report will be submit-ted to the EC.

Fraud Roundup

Nigerian fraud schemefakes bank websites

The Nigerian fraud scheme isvery inventive at deploying allimaginable methods to lurevictims. Recently the UK’sNational Criminal Intelli-gence Service says that twoCanadians lost more than£100 000 after visiting a fakeversion of a high street Britishbank’s website. The criminalsbehind the scam have notbeen caught but according toan NCIS spokesperson, they“suspect the crime has WestAfrican links”.

The only difference in thefake bank website comparedto the original was the domainname had ‘the’ present in frontof it. NCIS reports that thesite has been shut down andthe British bank has swiftlypurchased all similar varia-tions of its own domain name.

An NCIS spokesperson toldComputer Fraud & Securitythat the fake bank website isyet another tactic for trickingvictims into thinking the offerof $24 million dollars in theNigerian fraud scheme is gen-uine. Originally bank certifi-cates were produced to givethe hoax authenticity. Thesebank certificates have nowbeen replaced by hoax web-sites, looking identical to rep-utable banks, the victim is sentthe fake website url and a

password. The victim logs inand is able to view an enor-mous transaction in theirname in what seems to be avalid online account.

The NCIS has had a recentsuccess in arresting 18 peoplein conjunction with a similarfake website involving theReserve Bank of South Africa.Although the spokespersonfrom NCIS believes that theperpetrators in this case arenot the same as those involvedin the UK Bank.Earlier this year the NCIS pre-dicted that hi-tech crimewould increasingly exploitWeb spoofing and this hasmaterialised in these recentcases.Fr

Hoax email captures Yahoo’scustomer creditnumbers

A fraudulent email has beensent out by an unidentifiedparty posing as part of theYahoo! organization to YahooPayDirect! customers askingthem for credit card numbers.

Yahoo PayDirect! chargesover one million customers forservices. Yahoo retaliated bysending out another massemail warning customers toignore the bogus email.

A spokesperson from Yahoo!said “it’s been bought to ourattention that an individual orgroup of individuals posing aspart of our organization havesent out an email to users inorder to trick them into givingtheir online account informa-tion”.

According to reports fromReuters a Yahoo spokesperson

has confirmed that a minorityof customers had suppliedtheir credit card details.

E-commerceRoundup

Web services —hesitations in US

Evans Data Corp hasannounced the results fromits latest North AmericanDeveloper Survey whichhighlights the main draw-backs to developers usingWeb services. The highestconcern cited by developerswas security (26%) with lackof standards coming a closesecond at (24%). Althoughthis hesitation will not get inthe way of Web servicesimplementation across theboard because 39.% of devel-opers are currently develop-ing Web-enabled applicationsand and 91% expect todeploy Web services in thenext two years.

According to Evans Data,“Web services are rapidly gain-ing prominence with morethan nine in 10 developersexpecting their companies touse Web services in the nexttwo years. According to thesurvey, the main obstacles tocreating Web services; are thelack of established Web ser-vices standards, concernsabout end-to-end security andunderstanding the architec-ture.

The existing security mea-sures that are most likely to beimplemented by developersare XML encryption(46.4%),XML digital signatures (42%)and SOAP (also 42%).

Whitfield Diffie, a distin-guished Sun engineer said thatindustry is “moving towards aWeb services environment”.

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