Scammers and hackers often originate from Ghana, Nigeria, Romania, Korea, Israel, Columbia, Argentina, Philippines, Malaysia, and, of course, China and the good old USA. These developing countries breed MIT-like hackers who spend all their days targeting consumers and Internet users like you and me.
But Râmnicu Vâlcea is different. Wired describes the odd contrast between flapping clotheslines and the luxury Mercedes-Benz dealership in this small Romanian town, where young men in expensive jewelry drive luxury cars, all paid for with money from eBay scams, Craigslist scams, advanced fee scams, ATM skimming, phishing, infiltrating databases, new account fraud, and account takeover fraud.
Early scams were obvious but successful. English is a second language to Romanian scammers, so over the past decade, consumers caught on to the broken English and typos typical of phishing emails or classified scams. Romanian scammers responded by hiring English speakers to clean up their communication and give them an appearance of legitimacy.
Over time, U.S. authorities and corporations who were being defrauded caught on to Romania being the hub of organized computer crime, and so began flagging wire transfers, product shipments, and credit card orders. In response, scammers developed a distribution chain involving “mules,” who often ship products or collect money in countries like the United Kingdom, in order to avoid authorities monitoring Romanian IP addresses.
There are sophisticated anti-fraud companies that work around the clock to stay ahead of scammers to make the Internet a safer place to conduct business and interact. One such company is Oregon-based iovation Inc. They have a highly effective fraud protection service called ReputationManager 360 offering device reputation management to determine if a PC, smartphone, or tablet has been used to commit fraud, regardless of the country of origin. Their device reputation management is the only solution that leverages the shared experience of global brands across numerous industries, with thousands of fraud professionals from major online brands reporting and sharing fraud and abuse attempts each day.
ROBERT SICILIANO, CEO of IDTheftSecurity.com is fiercely committed to informing, educating, and empowering Americans so they can be protected from violence and crime in the physical and virtual worlds. His "tell it like it is" style is sought after by major media outlets, executives in the C-Suite of leading corporations, meeting planners, and community leaders to get the straight talk they need to stay safe in a world in which physical and virtual crime is commonplace. Siciliano is accessible, real, professional, and ready to weigh in and comment at a moment's notice on breaking news.
- Scammer Guilty of $2.7 Million Online Auction Fraud
Auction scams are messy. Consumers who are new to the world of online auctions are more likely to fall victim to deals that are too good to be true. Victims either get stuck with inferior or counterfeit goods, or they are charged and never receive the purchased item at all. My spouse used eBay to search
- Craigslist Scammers Use Emotional Lures
At the moment, I have no less than six different tabs open in my browser, each searching Craigslist for different items I need this spring: trailers, boats, patio furniture, musical instruments, and exercise equipment. Every day I refresh my search results, looking for the best deal. I’m confident that I’ll find what I’m looking for.
- European Cybercrime Not Slowing Down
Device reputation authority iovation published a report revealing that the number of fraudulent transactions originating from Europe has risen dramatically over the past two years. From April 2011 to April 2012, iovation prevented approximately 15 million fraudulent online transactions in Europe. That’s an increase of 60% over the previous year. The rate of European fraud
- Consumer Fraud No Longer Shocking
The depth, breadth, creativity, and depravity of scams and the scammers that perpetrate them no longer shock or offend. From grandmother scams to online dating scams, identity theft, data breaches, and any form of phishing or advanced fee scams, when you’ve seen one, you’ve seen them all. But the bad guys continue to find new
- Device Intelligence Helps Stop Scammers Targeting Social Media Sites
We’ve heard this story before, but unfortunately it happens over and over again. Social media and dating sites are overrun with criminals who pose as legitimate, upstanding individuals, but are really wolves in sheep’s clothing. In Florida, a man named Martin Kahl met a 51-year-old woman and they developed an online romance. A quick search for
Leave a Comment
You must be logged in to post a comment.