90 people arrested for organized eBay fraud
Posted on 14 July 2011.
90 suspects belonging to three different cyber fraud gangs have been arrested following a coordinated action by the Romanian Directorate for the Investigation of Organized Crime and Terrorism (DIICOT), the National Police, Intelligence Service and the General Directorate for Intelligence and Internal Security.

More than 1,000 eBay and Craigslist users were defrauded over a period of three years, and total losses are estimated at $20 million.

According to Softpedia, the Romanian authorities have had help from the FBI and Secret Service agents stationed in the capital, since the criminals used bank accounts in the U.S. to receive the money from the bogus sales.

Once the money was deposited, money mules would wire it to bank accounts in Romania.

Romania has long been know for cyber criminals that have a predilection for "auction fraud". Some American companies have threatened to cut ties with the country if it doesn't put a stop to them, and the Romanian government and law enforcement have obviously taken the ultimatum to heart.






Spotlight

The synergy of hackers and tools at the Black Hat Arsenal

Posted on 27 August 2014.  |  Tucked away from the glamour of the vendor booths and the large presentation rooms filled with rockstar sessions, was the Arsenal - a place where developers were able to present their security tools and grow their community.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  

DON'T
MISS

Fri, Aug 29th
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //