Keylogger service provides peek inside Nigerian 419 scammers' tactics


Security researcher Brian Krebs has had a look at the contents of "BestRecovery" (now called "PrivateRecovery") a service used by Nigerian 419 scammers to store the keystrokes of victims who have been infected with keyloggers. It appears that many of the scammers -- known locally as "Yahoo Boys" -- also plant keyloggers on each other, and Krebs has been able to get a look at the internal workings of these con artists. He's assembled a slideshow of the scammers' Facebook profiles and other information.

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Desperate banks fall for the 419 advance-fee fraud

The FDIC has issues a special alert warning that America's debt-haunted, cash-strapped banks are falling prey to conmen working the advance fee fraud, the same scam used in the familiar "Nigerian prince" or "419" scam. The banks fork over big bucks to supposed high-flying investors who are supposed to come through with large sums in return, but who vanish into the ether instead.

The FDIC has become aware of multiple instances in which individuals or purported investment advisors have approached financially weak institutions in apparent attempts to defraud the institutions by claiming to have access to funds for recapitalization. These parties also may claim that the investors, or individuals associated with the investors, include prominent public figures and that the investors have been approved by one or more of the federal banking agencies to invest substantial capital in the targeted institutions. Ultimately, these parties have required the targeted institutions to pay, in advance, retention and due diligence fees, as well as other costs. Once paid, the parties have failed to conduct substantive due diligence or to actively pursue the proposed investment.

Banks Desperate For Funds Victimized By Con Men (via CSM)