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Krebs on Security 2 years, 5 months ago

Canadian Man Stuck in Triangle of E-Commerce Fraud

A Canadian man who says he's been falsely charged with orchestrating a complex e-commerce scam is seeking to clear his name. His case appears to involve "triangulation fraud," which occurs when a consumer purchases something online -- from a seller on Amazon or eBay, for example -- but the seller doesn't actually own the item for sale. Instead, the seller purchases the item from an online retailer using stolen payment card data. In this scam, the unwitting buyer pays the scammer and receives what they ordered, and very often the only party left to dispute the transaction is the owner of the stolen payment card.

Bank Info Security 2 years, 7 months ago

Breach Roundup: French Police Arrest Alleged Hive Money Man

Also: Amazon Sues Alleged Refund Gang, Ukraine Says It Hacked Russian Tax SystemThis week, French police arrested an alleged Hive "banker," Amazon cracked down on a refund fraud ring, Ukraine military intelligence said it hacked the Russian tax system, the U.K. Ministry of Defense was fined and Kraft Heinz said it is doing fine after an alleged ransomware attack.

Admits to cyberstalking, wire fraud charges as Feds take $700k off him, claim he took part in swatting attacks A 23-year-old British citizen has confessed to "multiple schemes" involving computer crimes, including playing a part in the July 2020 Twitter attack that saw the accounts of Amazon CEO Jeff Bezos, Kanye West, and former President Barack Obama hijacked by an unidentified crew.…