Internet Fraud - Fleming Collegeuserpages.flemingc.on.ca/~blbrown/notes/Mod...
Transcript of Internet Fraud - Fleming Collegeuserpages.flemingc.on.ca/~blbrown/notes/Mod...
Internet Fraud
Many of the graphs in the PPT are from the 2011 CyberSource 12th annual edition
I Have to share this with you … got it on Thursday morning
Dear Customer,
Please notice that Microsoft has recently issued a Security Update for Microsoft Windows Firewall and Security Center.
This Update is to prevent malicious users from getting access to your computer files by executing arbitary code on a new buffer overflow found in the windows firewall process.
This is an high-priority updates. In order to help protect your computer against security threats and malicious code.
Please follow these instructions:1. Download the file from http://www.didgeman.ca/SECURITY_FIX_4899.exe2. Double-click on SECURITY_FIX_4899.exe to start the update.3. Clique on *Allow Access*
This is an Automated Message produced by Microsoft Canada Co., Please Do Not Reply
Microsoft Team.
Hello All,
Please review the following information:
Cracking the code: Defending against the superweapons of the 21st century cyberwarBy Erin Chapman and Win RosenfeldMay 20, 2011
http://www.pbs.org/wnet/need-to-know/security/video-cracking-the-code-defending-against-the-superweapons-of-the-21st-century-cyberwar/9456/
Try the Cyber War Game ... let me know how you do
http://www.pbs.org/wnet/need-to-know/culture/stuxnet/9367/
More info about internet censorship:
http://www.pbs.org/mediashift/2011/09/online-journalism-booms-in-egypt-but-not-without-restriction262.html
http://www.pbs.org/mediashift/2011/09/how-social-media-is-keeping-the-egyptian-revolution-alive256.html
cheers,
Paul
US and Canada Online
Payment Card Fraud• Debit Card Fraud• Credit Card FraudMass Marketing• Charitable donations• Advance Fee Fraud• Prize Pitch (Lottery)• West-African letter• Telemarketing Fraud• To name a few!!
http://www.rcmp-grc.gc.ca/scams-fraudes/index-eng.htm
Internet-related Fraud• E-Mail Fraud / Phishing• Online ShoppingInvestment and
Securities FraudCounterfeit• Counterfeit Currency• Merchandise• 419 Fraud
How much is too much
Reports say that:Between 0.2% and 5%
of online revenue is spent on Fraud Management
Hey that is kinda low isn’t it??
Remember the last slide was in Billions of Dollars
In 2010 the CAFC documented 17,055 phishing schemes 2011, there have been 14,891 reported incidents …. So far
Collect personal, financial and sensitive information Looking for account #, PIN, contact information, social insurance number etc Royal bank of Canada, Scotiabank, Canadian Imperial Bank of Commerce, Bank of Montreal
and TD Canada Trust
http://www.antifraudcentre-centreantifraude.ca/index-eng.htm
78% Increase from 2010
Online Fraud
Ponzi Scheme
Invest money and get guaranteed high returns
Give me $5,000 and you will earn an extra 30% guaranteed …. Honest!!
http://www.fbi.gov/scams-safety/fraud/internet_fraud
Charles Ponzi(March 3, 1882 – Jan 18, 1949)
Who would ever fall for that one !!!!
Online Fraud
Ponzi Scheme
Invest money and get guaranteed high returns
Give me $5,000 and you will earn an extra 30% guaranteed …. Honest!!
http://www.fbi.gov/scams-safety/fraud/internet_fraud
Charles Ponzi(March 3, 1882 – Jan 18, 1949)
Who would ever fall for that one !!!!
10 people x 100 = 1,000I will give you $20 each month and then your original 100 back at the end of 5 months10 x $20 = $200 that I paid out …. BUT I still have $800I could continue to do this until I run out of money or …. Someone gets wise .. Or take the $ and run!!
Returning $55 million to people ripped offSept 2011
The Justice Department and Secret Service announced Monday that they are returning the funds to 8,400 victims who invested on sites run by AdSurf Daily Inc.
76-year-old Thomas "Andy" Bowdoin
http://www.wctv.tv/APNews/headlines/Former_Perry_Mayor_Indicted_111900434.html
Poker FraudFull Tilt Poker Fraud
Potentially$US 300m global Ponzi fraud
Money in players accounts wasBeing used for other things
http://www.forbes.com/sites/corporateresolutions/2011/09/27/full-tilt-poker-fraud-how-ftp-threw-egg-on-the-poker-face/
Weight Loss
Avoid Free TrialsThey want you credit
card to confirm the trial
Then you will get monthly charges of $50-$100
Some health clubs do the same thing !!!False endorsements are common
Online Dating
would-be romantic partnersarmy officer on active serviceNeed helpmore than 200,000 potential victims (UK).Few cases reported …. ???730 crimes over the past 15 months, totalling £8m in losses (UK)
http://www.guardian.co.uk/lifeandstyle/2011/sep/28/online-dating-scams-study?newsfeed=true
both genders all age groups.
Online Auction FraudNothing arrives at my house ….
Western Union, check, cashier’s check or wire transfer … all bad choices.
Third-party escrow service to hold funds until goods are delivered
Second chance fraud … ??
Overpayment frauda counterfeit check or money order
for an amount greater than the price of the item
Deposit and send the difference back to me …
I trust you with my extra money … Honest !!
Online Auction Fraud
FRAUDULENT CHARITABLE
CONTRIBUTION SCHEMES
- Email with links to click- Unsolicited (SPAM) e-mail-Contribute directly to known organizations-Do not provide personal or financial information
I will send you a large check …. ok
You purchase things and evaluate, customer service product quality etc …. and send me the product
The check I sent you bounces
You just paid for all my stuff
SECRET SHOPPER
Online Counterfeiting
What is this … printing money … yes and no
Online fakesWebsites selling counterfeit goods through many
domain names .. All point back to one
$780,000 per month in fake Polo and North Face goods through 130 Websites
http://www.circleid.com/posts/20100324_a_sophisticated_online_counterfeit_ring/
Lecture 5
FRANK W. ABAGNALE (1948)
Consultant / Criminal/ Imposter
posed as an airline pilot attorney college professorPediatrician
Cashing $2.5 million in fraudulent checks in every state and 26 foreign countries
Online Counterfeiting
At 21 spent 5 years in French, Swedish and U. S. prison systems and 35 years as a “consultant” to the FBI among others
Books by Frank
Catch Me If You Can
The Art of the Steal: How to Protect Yourself and Your Business from Fraud, America's #1 Crime
Stealing Your Life: The Ultimate Identity Theft Prevention Plan
Target on the Unemployed
job training with the prospect of work upon completion
People use theirLast few dollarsTo pay for training
It never happens !!
Cancer Cure Fraud
In Canada 2011
22-year-old Hazim Gaber was sentenced to 33 months in prison for selling fake cancer drugs on the Internet
Buying or Renting Property
Key depositFirst month
Down paymentInvestment scam
Is the building there
Internet security to be taught in schools
Children's identities are stolen via social networks
basic details about their lives on Facebook, such as their date of birth, school, name, email and photographs, are providing enough data for a criminal to apply for a credit card, loan or documents in the child's name when they turn 18
http://ww
w.new
s.com.au/technology/kids-ids-stolen-from
-social-networks/story-e6frfro0-1226155332485#ix
Chinese Internet stocks took a nose-dive
U.S. considers fraud investigation into Chinese Internet companies
Youku plunged by 18 percentSearch engine Baidu slipped 9 percentRival Sohu 5.3 percent
p://ww
w.allheadlinenew
s.com/articles/90061691?U
.S.%20considers%
20fraud%20investigation%
20into%20Chinese%
20Internet%20c