http://boingboing.net/2010/02/04/phishing-scheme-goes.html Brain candy for Happy Mutants Wed, 19 Jun 2013 20:12:00 +0000 hourly 1 http://wordpress.org/?v=3.4.1 http://boingboing.net/2010/02/04/phishing-scheme-goes.html#comment-705046 holtt Wed, 30 Nov -0001 00:00:00 +0000 #comment-705046 Hackers stealing carbon credits to sell on the cap-and-trade markets. That's so... Gibsonesque! Hackers stealing carbon credits to sell on the cap-and-trade markets. That’s so… Gibsonesque!

]]> http://boingboing.net/2010/02/04/phishing-scheme-goes.html#comment-705683 oereye Wed, 30 Nov -0001 00:00:00 +0000 #comment-705683 Fraudsters defrauding fraudsters... there's a more serious point though. The "phishing" attack is not an isolated scam - a report by Europol in December 2009 found that up to 90 per cent of the trades on some EU carbon exchanges were down to VAT "carousel" fraud. The underlying problem is that carbon trading renders a whole set of incommensurable practices equivalent in order to make a single tradeable commodity, to the point that it is then unclear what is being traded (see http://www.carbontradewatch.org/carbon-trade-fails ). The resulting system is a scammers' paradise. Fraudsters defrauding fraudsters… there’s a more serious point though. The “phishing” attack is not an isolated scam – a report by Europol in December 2009 found that up to 90 per cent of the trades on some EU carbon exchanges were down to VAT “carousel” fraud. The underlying problem is that carbon trading renders a whole set of incommensurable practices equivalent in order to make a single tradeable commodity, to the point that it is then unclear what is being traded (see http://www.carbontradewatch.org/carbon-trade-fails ). The resulting system is a scammers’ paradise.

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