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$365,000 dark net phishing scam leads to guilty plea from U.S. hacker

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A Connecticut man pleaded guilty to charges of phishing against criminal dark web markets in a scheme that eventually obtained over $365,000 and more than 10,000 stolen user credentials. Michael Richo, 35 of Connecticut, pleaded guilty on Tuesday in Hartford federal court to hacking and money laundering offenses. Richo’s scheme is familiar to any dark net denizen: In forums on the dark net, he posted fake links to dark net markets where illicit goods and services are on sale. He built fake login pages to fool victims and steal their credentials. Richo then monitored the compromised accounts and withdrew any bitcoin deposited into them before it could be spent. It ended up being deposited in his own bitcoin wallet. “Richo then sold the stolen bitcoins to others in exchange for U.S. currency, which was deposited into bank accounts that RICHO controlled or was provided to him through Green Dot Cards, Western Union transfers, and MoneyGram […]

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How AlphaBay has quietly become the king of dark web marketplaces

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In December 2016, The Rainmaker Labs was ready to debut its new product. The startup went through many of the same steps other businesses take on launch day. It advertised a long list of unique and powerful features that highlighted the product’s ease of use, peppered the targeted online marketplace with catchy slogans and filmed a slick YouTube commercial. Since the launch, The Rainmaker Labs is on pace to earn over $60,000 from the product, dubbed “Philadelphia.” The group’s full suite of offerings has it positioned for six-figure sales numbers for 2017. This is a big problem for security professionals and law enforcement alike. Why? The Rainmaker Labs creates malware, packages it with utter professionalism and sells it as a cutting-edge way for crooks to make mountains of money. It’s one of the scores of shady sellers that have turned cybercrime into a living thanks to AlphaBay, the highest-earning and most popular dark web market in the English-speaking world. Facilitating the sale of […]

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Hacker steals 83,000 accounts from UPI news agency

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A hacker is selling a database supposedly containing 83,000 compromised accounts from UPI.com, the website of the 110-year-old American news agency United Press International. After being contacted by CyberScoop, UPI alerted its entire email subscriber base Tuesday and removed login pages and entire sections of its website. For $100 (about 0.09 in bitcoin), a buyer gets emails, names […]

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