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How Nigerian cyber criminals have evolved

Comment: Nigerian cyber criminals have come out of the wood work to speak of.........and are employing and using many of the malware techniques we have today. their concentration is on businesses.

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By HNS Staff/ Posted on 22.07.2014

 

Cyber criminals in Nigeria have evolved common malware campaigns to infiltrate businesses that have not previously been their primary targets, according to Palo Alto Networks.

Nigeria-based scammers are now using the same tools more sophisticated criminal and espionage groups often deploy to steal business-critical data from enterprises.

Nigerian criminals are infamous for running easily-spotted "419" phishing scams that attempt to collect credit card details or personal information from individuals, but over the past few years have expanded their skills to target businesses using more advanced techniques.

 

Help Net Security/ Full Read Here/ http://www.net-security.org/malware_news.php?id=2815

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Posts: 3,733
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Re: How Nigerian cyber criminals have evolved

The following article is a update on Nigerian cyber criminals

(5 Nigerian gangs dominate Craigslist buyer scams)

 

By John Leyden,

 

Just five Nigerian criminal gangs are behind a widespread type of fraud targeting sellers on Craigslist.

The Lads from Lagos are going to considerable lengths of investing time and money in order to make their scams more plausible, according to a study by George Mason University researchers Damon McCoy and Jackie Jones.

 

The researchers discovered that Nigerian scammers have enlisted the help of US-based accomplices as well as getting their hands on professional cheque-creating kit.

The two researchers put up "honeypot" ads for laptops priced, on average, at a 10 per cent premium over similar kit on Amazon in a bid to discourage legitimate buyers. Only one legitimate purchaser tried to purchase the overpriced equipment.

Many less savoury buyers approached the researchers by email. In response, the researchers sent images of the products. Opening these images revealed info on the IP addresses of scammers. More than half came from Nigeria from what the researchers identified as just five groups of fraudsters.

 

 

The Register/ full article here/ http://www.theregister.co.uk/2014/09/11/nigerian_gangs_dominate_craiglist_scams/

 

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