16 Results from 2009
Uri Rivner CEO and Co-Founder at Refine Intelligence
The Russians song by Sting was released in 1985, a year after Tom Clancy’s Hunt for Red October. No one could have guessed that within a couple of years, Perestroika and Glasnost would begin to defreeze the US-Russia relations. The Soviet Union collapse in 1991 marked the end of the 45-years-long cold war, and Tom Clancy had to look for other theme...
18 December 2009 /security Online Banking
Amazon EC2 is one of the most amazing feats of cloud computing infrastructure in existence. This is the place to go if you need an on-demand, virtually endless capacity for hosting applications. Geeks’ eyes brighten when you mention the name. If something embodies the Cloud, it is probably EC2. And if something embodies the Dark Cloud, it is the ...
09 December 2009 /security Online Banking
Honor among thieves is a fundamental necessity in the cybercrime underground. After all, for crime to succeed in today’s highly specialized fraud supply chain, fraudsters must work together. They must trust each other. But hey, at the end of the day, we talk about crooks. So the report from Security Hack about hackers stealing Phished credentials f...
08 December 2009 /security Online Banking
Air Parcel Express is a boutique international shipping company based in Sweden. They offer a wide choice of logistic services such as mail forwarding and global distribution, creatively supporting their customers’ supply chain. They maintain several warehouses worldwide – according to their well designed website (see image below), the latest was...
18 November 2009 /security /payments Online Banking
A stealthy hack into a financial system; clever manipulation of data by exploiting hidden vulnerabilities; an international cash-out operation of gargantuan proportions reminiscent of Al-Qaeda multiple-attack plan. FBI agents working internationally to trace the criminals and bring them to justice. All the elements of a good Hollywood Heist film, ...
11 November 2009 /security /payments Online Banking
It was a sunny day in Washington DC, and I headed towards Capitol Hill to speak at the Cyber Security Ecosystem briefing organized by TechAmerica. I almost didn’t make it: the security guards caught me red handed. I tried to smuggle an apple into the building. It wasn’t a particularly big apple, mind you. It wasn’t an Apple notebook I failed to de...
26 October 2009 /security /regulation Online Banking
Just when you think you’ve seen it all, cyber criminals come up with some jaw dropping social engineering trick that demonstrates their ability to innovate and adapt. RSA FraudAction Lab discovered an amazing new attack vector, which they dub “Chat in the Middle” phishing. It goes like this: The victim gets a Phishing email that appears to be comin...
17 September 2009 /security Innovation in Financial Services
As befitting its name, Zeus – King of Gods - is the most powerful Trojan kit on earth. Some Trojans you cannot buy – take Sinowal, for instance; it’s a commercial grade infrastructure featuring a state of the art Trojan. It’s operated by an organized crime group that invests back in the business. You won’t find Sinowal as a kit for sale. But w
28 August 2009 /security Innovation in Financial Services
Everyone seems to be in the Clouds these days. Cloud Computing is certainly something we hear about more and more. The IT industry races full steam ahead into the great shapeless nebula that promises unfathomable rewards such as vast economy of scale and unimaginable resource effectiveness. The Cloud is quite mysterious. Its boundaries, scope, con...
13 August 2009 /security Online Banking
When the news broke out, everyone was in shock. It was an outrageous act of skullduggery. The CEO of a well known financial institution that has, over the years, established a record of impeccable credibility, tricked all his customers and made their entire investment go up in smoke. Billions gone down the drain. Bernard Madoff, you think? Think a...
16 July 2009 /security Online Banking
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