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Posts Tagged ‘spam’

Pump-and-dump scamster pleads guilty

Thursday, October 21st, 2010

An Arizona man, James Bragg, recently pleaded guilty of conspriacy to commit securities fraud, and now faces a large fine and possible prison term for the pump-and-dump scams he perpetrated using botnets and spam.

Pump-and-dump scams involve hyping the value of a cheap/worthless stock by advertising it heavily over the internet using spam. Typically, the stock is bought by the attacker who then sends out the mails to hype the stock, which creates buying interest, and then the attacker sells all their stock, cashing in on the falsely inflated value.

In this case, the defendant had allegedly hired people to use botnets to distribute his messages. The botnets were also used to compromise private accounts so that these could be used to buy up large amounts of the stocks in question. He also faces charges from sending spam.

Full story is here http://www.theregister.co.uk/2010/10/21/pump_and_dump_botnet/

Andrew Lee
CTO, K7 Computing

Old style Email Worm spreading rapidly

Saturday, September 11th, 2010

In something of a blast from the past, an email borne worm has been sighted spreading around the internet.

Although we’ve not seen too many actual attacks from this, it’s been widely reported in the media, perhaps as it’s quite a novelty these days to see a worm spreading in this way.

It spreads itself as an executable in email, but disguises itself as a PDF file, when executed it attempts to download some other malicious files on the victim machine, and drops some files in an attempt to let the worm spread via autorun.

K7 Total Security detects this worm as  ”Emailworm (0019e4ae1)” (yeah, it’s that uninteresting!)

Full information is here:

http://viruslab.k7computing.com/index.php?option=com_k7virus&view=showvirus&Itemid=1&id=818

If you’re interested in more, Dan Goodin has written a short piece about the worm on The Register http://www.theregister.co.uk/2010/09/10/email_worm_spreading/

Andrew Lee
CTO K7 Computing

 

 

VB calls on firms to work together to beat spam

Monday, December 7th, 2009

Security software testing group Virus Bulletin has called on antivirus software manufacturers to collaborate and work together to beat spam. (more…)

Spammers hit with $19m in fines

Tuesday, December 1st, 2009

A group of spammers who were accused of sending billions of spam emails advertising pharmaceutical products and male enhancement products have been hit with $19m worth of fines. (more…)

FDA take action against fake pharmacies

Monday, November 23rd, 2009

The US Food and Drug Administration claims to have taken action against 136 websites that appeared to be illegally selling drugs and medicines to American consumers. (more…)

Microsoft take Malware advertisers to court

Tuesday, September 22nd, 2009

Microsoft is stepping up the fight against online criminals by launching legal action against up to five advertisers which it claims is responsible for inserting advertisements which include malicious code on websites. (more…)

Bloggers advised to upgrade after WordPress security threat

Tuesday, September 8th, 2009

Bloggers and site owners using the WordPress content management system are being advised to upgrade to the latest version of the software after a worm was found to be affecting downloaded versions of the system. (more…)

Dutch spammer fined €250,000

Tuesday, July 28th, 2009

A software developer in Holland has been fined €250,000 ($355,000) by telecoms regulators for launching a junk email campaign of more than 21 million spam messages. (more…)

Spam – why is it still a problem?

Tuesday, July 21st, 2009

We all know the scene. You open up your email account and the first job that’s presented to you is to wade through the latest collection of spam emails in an attempt to find a message of any value at all.

You’ve probably also thought to yourself on more than one occasion “who actually buys this stuff?” Of course, there must be somebody who responds to these messages, that’s why you’re getting them right? (more…)

Third of users admit to responding to spam

Friday, July 17th, 2009

A third of computer users have admitted to responding to spam email messages, according to a new report. (more…)