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Western Suburbs Hit With Internet Fraud

Data were accumulated after monitoring 2 Million Australian Visa and MasterCard credit and debit cards information for the period January and March of 2011. In the majority of cases, credit or debit cards information were stolen by a fraudster with the intention of phishing or by a victim who have installed "Trojan" virus ignorantly on their computer, reports a news published in the smh on May 12, 2011.

The RSA, Security Company released data demonstrated Queensland to be the hot spot for e-commerce related fraud in Australia during the reported period, comprising 2 Million Visa and MasterCard credit and debit cards.

In this kind of phishing, a victim receives an e-mail, which seems to be sent by a bank. Further, in this mail, the victim is asked to provide all details pertaining to credit or debit card by clicking on a link. Banks generally do not ask for any sort of such information from customers through e-mails.

In case of all details being granted to fraudsters, a victim provides fraudsters with the advantage of "card-not-present transaction" and enables them to shop online.

A Trojan, for instance, Zeus or SpyEye are in fact used by hackers to steal all necessary information from a compromised computer. Fraudsters advantageously use the benefit of security flaws in web browsers that are installed by the Trojan, when a victim visits a compromised website.

Mason Hooper, an RSA spokesman further specified that Trojan-infected computers are used to render card details by fraudsters. This is reason enough for top-ranked e-commerce suburbs necessarily not required to be over flooded with this sort of crime, rather Trojan-infected victims are more prone to be hit by this infection, reports the smh on May 12, 2011.

A Trojan-infected computer facilitates a fraudster to become untraceable while still using all details hacked from the victim's computer, starting from the victim's IP address to the unique sequence of numbers assigned to each computer, instead of their own.

Hooper, also acclaimed universities highly prone to such e-commerce crime with 2% chances of fraud in NSW's e-commerce and the place, where Macquarie University is located.

Related article: Western Union E-mail Scam After Users’ Personal Details

» SPAMfighter News - 5/19/2011

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