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Warezov botnet rises from the grave

,----[ Quote ]
| After laying low for the better part of a year, the Warezov botnet is back -
| with some new tricks up its sleeve.
|
| [...]
|
| Stewart says Warezov is more of a payload delivery system than an actual bot.
| It is in essence a backdoor that installs any software its operator wants. In
| recent times, the payload of choice is a fast-flux hosting platform that
| turns compromised PCs into servers that host spoof sites used in phishing
| campaigns. Fast-flux networks are much harder to shut down because there's no
| central channel to defeat. If a single node hosting, say, a fraudulent Bank
| of America website is taken down, there are still thousands of other infected
| machines ready to take its place.
`----

http://www.theregister.co.uk/2008/10...second_coming/


Recent:

UK banking fraud losses rise to £301.7m

,----[ Quote ]
| UK banking losses due to fraud in the first half of 2008 hit £301.7m compared
| to £263.6m in the same period last year, according to the latest figures from
| UK banking association APACS.
|
| Fraud abroad made up 40 per cent of total card fraud losses reaching £121.2m
| in the period, up 11 per cent of the £108.8m lost last year. That loss was
| through tactics such as the use of counterfeit plastic cards with stolen PINs
| on machines overseas that only check magnetic strips, not chips.
`----

http://www.theregister.co.uk/2008/10...g_fraud_soars/


Related:

Online banking fraud 'up 8,000%'

,----[ Quote ]
| The UK has seen an 8,000% increase in fake internet banking scams
| in the past two years, the government's financial watchdog has warned.
|
| The Financial Services Authority (FSA) told peers it was "very concerned"
| about the growth in "phishing".
`----

http://news.bbc.co.uk/1/hi/uk_politics/6177555.stm
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