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FireEye Detects Redirected Payment Scam Striking SMBs


FireEye the security company recently published one report that discusses about one ongoing payment-diversion scheme over the Net attacking SMBs (small-and-medium businesses) operating inside non-English verbal nations. Dnaindia.com published this, September 7, 2015.

The operation is the work of an informal Nigeria-based gang giving the campaign one new twist to the 419 scams. FireEye notes that 45% of the victimized businesses belong to India, while several more belong to Vietnam and Indonesia.

The scam aims at changing the destination of payments, which victimized businesses mean to legitimately transact, onto the gang's own accounts. Within one particular transaction, which FireEye noticed, the gang garnered USD1m-and-more.

Normally, scammers attack non-English-speaking people for whom the particular language isn't the primary one. FireEye observed Google being used for the scammers to hunt e-mail ids to which they could send messages. For increasing the number of victims, scammers occasionally dispatch malware-laced files to friends of the victims.

Regional Director Ramsunder Papineni for India branch of FireEye says that big organizations are encountering major challenges from cyber-attacks. Unfortunately, these attacks pose challenges to smaller companies too. Thus, when companies traverse the Internet for doing business, they confront various kinds of attackers. The current report demonstrates that cyber-security is not just a technology issue; as companies too strive to push back people, who even if intelligently, try to create problems on the cyber-space, Papineni explains. Firstpost.com reported this, September 7, 2015.

In a particular example, scammers utilized one well-known e-commerce company of China namely Alibaba for searching probable victims. So now, the scammers could classify suppliers country-wise that would let them target solely those nations in which those suppliers held bank accounts. Pretending to be one probable client through a business e-mail, the scammers managed in escalating the possibilities of targets opening the attachments in their crafty e-mails.

Different from the more advanced cyber-crook gangs, the said scammers depended on intermediate providers for malware, tutorials and documentation for developing exploits, which let the gang acquire admission into the victim's PC for taking down and planting badware while also determine the victim's operations using one user-friendly management console.

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