Saturday, September 01, 2007

The Criminal Underground: A Walk on the Dark Side

Via The Economist.com.

According to VeriSign, one of the world’s largest internet security companies, RBN, an internet company based in Russia’s second city, St Petersburg, is “the baddest of the bad”. In a report seen by The Economist, VeriSign’s investigators unpick an extraordinary story of blatant cybercrime that implies high-level political backing.

In one sense, RBN (Russian Business Network) does not exist. It has no legal identity; it is not registered as a company; its senior figures are anonymous, known only by their nicknames. Its web sites are registered at anonymous addresses with dummy e-mails. It does not advertise for customers. Those who want to use its services contact it via internet messaging services and pay with anonymous electronic cash.

But the menace it poses certainly exists. “RBN is a for-hire service catering to large-scale criminal operations,” says the report. It hosts cybercriminals, ranging from spammers to phishers, bot-herders and all manner of other fraudsters and wrongdoers from the venal to the vicious. Just one big scam, called Rock Phish (where gullible internet users were tricked into entering personal financial information such as bank account details) made $150m last year, VeriSign estimates.

More here.


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