Cybercrime market | Breaking Cybersecurity News | The Hacker News

Social engineering-driven malware threats continue to be a big threat, but new research details how cybercriminals profit off such schemes to launder hundreds of thousands of dollars from stolen credit cards of unsuspecting victims. Cybersecurity firm Check Point Research, in a report shared with The Hacker news, uncovered the digital trail of a Nigerian cybercriminal, who went by the name of "Dton" and targeted hundreds of thousands of people under the moniker of "Bill Henry" by sending them malicious emails with custom-built malware. The company said it disclosed the findings to concerned Nigerian and international law enforcement authorities for further action. A multi-stage criminal scheme The operation began with Dton buying stolen credit card details from Ferrum Shop, an online marketplace that sells over 2.5 million stolen credit card credentials, and then charging them each $550 each to fraudulently net more than $100,000 in illicit transactions

In an international operation involving law enforcement authorities from the U.S. and several European countries, feds have shut down an online underground marketplace and arrested three suspects in Ukraine. Dubbed xDedic, the illegal online marketplace let cybercriminals buy, sell or rent out access to thousands of hacked computers and servers across the world and personally identifiable information of U.S. residents. The underground website had been around for years with its administrators strategically maintaining and concealing the locations of its servers all over the world to facilitate the operation of the underground site. xDedic offered buyers to search for over 176,000 unique compromised servers—which were usually in the form of credentials for compromised Remote Desktop Protocol (RDP) accounts—from around the world by price, operating system, or even their geographic location from where it was stolen. xDedic impacted victims in multiple industries, "including

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Group-IB , a Russian cybercrime investigation company has discovered a zero-day vulnerability, affects Adobe Reader X and Adobe Reader XI. The vulnerability is also included in new modified version of Blackhole Exploit-Kit , which is used for the distributing the banking Trojans (Zeus, Spyeye, Carberp, Citadel) with the help of exploitation different vulnerabilities in client-side software. The particular exploit is available in underground forums for as much as $50,000 and bug is dangerous because it permits cybercriminals to run arbitrary shellcode by bypassing the sandbox feature integrated into the more recent versions of Adobe Reader. For now this flaw is distributed only in only small circles of the underground but it has the potential for much larger post-exploitation methods. The exploit is limited to  Microsoft Windows installations of Adobe Reader and it can't be fully executed until the user closes his Web browser (or Reader). Adobe representatives said that

Security firm Trend Micro recent analyses the Russian crimeware markets and has found that malware tools and services range from one-time packages which cost just pennies to sophisticated packages and services which cost purchasers thousands of dollars per month. If you want to buy a botnet it will cost you somewhere in the region of $700. If you just want to hire someone else's botnet for an hour, though, it can cost as little as $2. There are at least 20 different types of services offered in Russian-speaking forums for just about anyone who wants to make a buck off of cybercrime, everything from crime-friendly VPN and security software-checking services to plain old off-the-shelf exploits. " As the Russian underground community continuously modifies targets and improves technologies, security companies and users must constantly face the challenge of effectively protecting their money and the information they store in their computers and other devices ," the