30 Percent of transactions conducted from Tor are fraudulent
Posted on 17 September 2013.
iovation announced that 30.2 percent of transactions conducted from Tor (the onion router) in August were fraudulent. This compared with an overall fraud rate of 1 percent for all online transactions in August.


Tor is a privacy protocol that is intended to help people to browse the Internet anonymously. It does so by redirecting web traffic along hard-to-follow routes and assigning web users a random IP address that can change at any time. This helps to mask users’ true geolocations and the IP addresses of their Internet-connected devices.

According to Tor metrics, more than 1.5 million people use Tor every day as of early September 2013, up from 500,000 a day in early August 2013.

“Cybercriminals are always looking for ways to fly under the radar,” said Scott Waddell, Chief Technology Officer at iovation. “While Tor on its surface appears to be for the greater good, it is disproportionately used for fraudulent and abusive transactions. Of note, Tor use more than doubled in August, likely due to a massive botnet leveraging Tor for command and control communications.”

The fraud findings were produced by iovation by analyzing 240 million transactions conducted in August 2013 originating from the 1.5 billion devices it has in its device reputation database. Transactions utilizing Tor were identified by iovation by leveraging technology it developed to correlate transactions to IP addresses that are part of Tor.





Spotlight

How to talk infosec with kids

Posted on 17 September 2014.  |  It's never too early to talk infosec with kids: you simply need the right story. In fact, as cyber professionals it’s our duty to teach ALL the kids in our life about technology. If we are to make an impact, we must remember that children needed to be taught about technology on their terms.


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, Sep 19th
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //